Arens Controls Signs 94,300 SF Lease in Arlington Heights
Entre Commercial Realty represented Arens Controls Corporation in the long-term lease of a building located at 3602 N. Kennicott in Arlington Heights. Arens Controls is world leader in the development of precision control systems and power management technology for on and off-highway commercial vehicles. Arens required additional capacity due to their rapidly growing work in developing and manufacturing state-of-the-art power electronic drivetrain components and systems for the Hybrid Electronic Vehicle (HEV) market. Arens will relocate approximately 100 employees from their Carpentersville facility to the 94,300 square foot building which features 20,000 square feet of office space and 28' ceilings. The Village of Arlington Heights granted Arens a renewal of a Cook County Class 6B tax incentive for the property, which had been vacant for two years. The property is owned by Centerpoint Properties which was represented by John Cash and David Haigh of NAI Hiffman while Dan Benassi and Dan Jones of Entre Commercial Realty worked on behalf of Arens Controls.