Essex Renews Industrial Lease in Fort Wayne, Indiana
Essex and Essex Brownell have renewed theirlease 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 representedIndiana 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.
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that delivers exceptional value by putting ideas into action for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with 48,000 employees in approximately 400 offices and 70 countries. In 2017, the firm had revenue of $6.9 billion across core services of property, facilities and project management, leasing, capital markets, advisory and other services. To learn more, visit www.cushmanwakefield.comor follow @CushWake on Twitter.
About Essex Magnet Wire — a Superior Essex Company
Essex is the largest global manufacturer of magnet wire and winding wire. With manufacturing, warehousing, and sales facilities located in 7 countries, spanning 3 continents, we are best positioned to provide seamless global sales and service. Vertically integrated in both copper rod and enamel production, Essex can minimize supply disruptions, ensure quality, and drive innovation. Essex continues to push boundaries in technology, sustainability, and innovation while dedicated to resolving customer’s challenges and positively impacting our communities worldwide.
For over 85 years, Essex has been leading the industry with innovative magnet wire solutions such as UltraShield® Plus, the gold standard for inverter duty magnet wire. Magnet Wire, with an insulated copper or aluminum conductor, is used by major original equipment manufacturers (OEMs) and is found in electric vehicle traction motors, industrial motors, transformers and generators, alternators, electrical coils and controls, and appliances. For more information, visit essexwire.com.
About Essex Brownell – a Superior Essex Business
Essex Brownell is a North American distributor of magnet wire, connectivity cable, lead wire, electrical and electronic insulation, tapes, motors, drives, repair parts, shop, and test equipment. It also offers Essex Active, a conversion & fabrication service providing innovative products and custom solutions to dynamic industrial markets, which complements Essex Brownell orders.
With over 50 years supporting customers of all sizes with strong supplier partnerships and latest converting technologies, Essex Brownell’s global outreach and local support has been instrumental in the continuing growth of its partners. For more information, visit essexbrownell.com.
