Vernon Hills, IL – HydraForce (Lincolnshire, IL) announces major expansion plans with a 142,000 square foot Innovation and Technology Center in The Corporate Woods, Vernon Hills, Illinois. HydraForce, headquartered in Lincolnshire Corporate Center, with facilities in China and the United Kingdom, is adding the Vernon Hills facility at 700 Woodlands Parkway as its Innovation and Technology Center. HydraForce will move over 100 engineering, sales, and marketing staff to the new location which will be the epicenter of the company’s product research, development, and testing efforts.
“This facility will support HydraForce’s long-term commitment to optimizing quality, service, response, and growth,” said Jim Brizzolara, HydraForce President and CEO. “It is the most significant investment in the history of our company and will allow us to bring new hydraulic, electronic, and electro-hydraulic system technologies to market better and faster than anyone else in the world.”
Charles R. Lamphere, President, Van Vlissingen and Co., developers and managers of Lincolnshire Corporate Center and The Corporate Woods, said, “This deal represents the sixth HydraForce expansion and the third building in our corporate parks. It is particularly rewarding when expansion opportunities arise from within, confirming that we are getting it right and providing quality business environments where businesses are thriving.”
Dan Tobin of CTK Chicago Partners represented HydraForce and Chuck Lamphere and Nick Panarese of Van Vlissingen represented the landlord and owners in the transaction.
Van Vlissingen and Co., leaders in commercial real estate since 1879, develop and manage award-winning corporate parks in Southern Lake County, including The Corporate Woods in Vernon Hills, Lincolnshire Corporate Center and The Corporate Grove in Buffalo Grove. Van Vlissingen and Co. offers commercial real estate brokerage, management, development, and real estate consulting services for office space, land sites, research, and industrial space users and owners.
HydraForce designs and manufactures high-performance hydraulic cartridge valves, custom manifolds, and electro-hydraulic controls. They have created thousands of custom control solutions for a variety of off-highway industries, encompassing farming, construction, marine, material handling, mining, and forestry. All five facilities will follow the same ISO 9001 standards to ensure global consistency in product quality. Since its founding, HydraForce continues to be a privately held company as it has grown to locations in North America, Europe, and Asia, with a network of over 120 stocking distributors who can offer local support across the globe.
If you would like to find out more about commercial real estate or Van Vlissingen and Co. you can subscribe below.
The future of in-person real estate, particularly in the office and retail sectors, hinges on…
The recent acquisitions by Glenstar and 601W Companies—purchasing office buildings in Chicago at steep discounts—highlight…
As the digital economy continues to expand, Chicago has emerged as one of the top…
The recent announcement of Celadon Partners’ $70 million senior housing project in Deerfield underscores a…
Schaumburg, one of Chicago’s most dynamic suburbs, is poised for a significant transformation with ambitious…
The recent approval of zoning changes for the residential conversion of 65 E. Wacker Place,…