Videojet Technologies Inc. signed a new 15-year lease at its quarter-million-square-foot headquarters facility outside Chicago, landlord Wells Real Estate Investment Trust said.
The value of the transaction was not disclosed.
Wood Dale, Ill.-based Videojet, a manufacturer of coding, printing and laser marking products, has lengthened its lease through 2021.
The property, built in 1991 at 1500 Mittel Blvd. in Wood Dale, was acquired by Wells REIT in 1999. It is one of a dozen buildings owned by Wells investment funds in the metro Chicago area.
Wells REIT, which closed to new investors in 2003, is a public nontraded REIT specializing in class A office properties.