In April, LKQ Corporation executed a 48,282 RSF, 10-year lease at 4410 North 132nd Street. This industrial building, owned by Westminster Fund VII LP, is now 100% leased. LKQ is expected to take occupancy in August 2015. 4410 North 132nd Street will be marketed for sale in Summer 2015 together with 4700 Ironwood Drive, Franklin, Wisconsin which is also owned by Fund VII. The Ironwood building is 100% leased on an 11-year term to API Heat Transfer, the parent company of Covrad GT/Thermasys.
LKQ Corporation (NASDAQ: LKQ), a Fortune 500 company, is North America’s largest alternative provider of collision auto parts, and is a leading distributor and marketer of specialty automotive aftermarket equipment and remanufactured mechanical parts and accessories. LKQ operates in more than 570 locations and surpassed $6.7 billion of revenue in 2014.
About Westminster Capital
Westminster Capital manages real estate investment strategies on behalf of private wealth capital. Founded in 1988, the firm is headquartered in Lake Forest, Illinois. Private client work includes leadership of closed-end investment fund and separate account portfolios totaling $641 million of investor capital. Westminster Capital places commercial property investments throughout the United States across several property types and investment risk-reward profiles.