Essex and Essex Brownell have renewed their lease on a 282,550-square-foot warehouse property located at 3405 Meyer Road in Fort Wayne, Indiana. The lease renewal signals a long-term investment in this location as the property already holds facilities for Essex, a world leader in magnet wire product manufacturing, development and sales, and Essex Brownell, a North American distributor of a wide variety of industrial service and repair parts.
The building will also continue to be a home for Essex Active, a leading industrial material conversion and fabrication service offered by Essex Brownell that boasts multi-functional support with the latest converting technologies.
Kirk Diamond, Greg Dickerson and Fritz Kauffman of Cushman & Wakefield represented Essex in the lease negotiation.
“This lease represents one of the largest in Fort Wayne this year,” Diamond said. “The warehouse has been a fantastic location for Essex as the home of its North American distribution and light manufacturing/assembly functions, and has allowed them to reach their customer base quickly.”
Steve Zacher and John Adams of The Zacher Company represented Indiana Acquisitions and Continental Hastings, the landlords, in the transaction. The 862,450-square-foot warehouse is part of the Coastal Commerce Center, and Essex and the landlords both plan to invest capital to upgrade the space.