Colliers International’s Chicago-based Office Advisory Group and CRP-3 West Central, LLC (CRP-3) today announced a 221,862-square-foot office lease renewal for Robert Bosch Tool Corporation (Bosch) at 1800 W. Central Road in Mount Prospect, Illinois. 

With its US headquarters located at 1800 W. Central Road, Bosch is a world leading manufacturer of power tools, rotary/oscillating tools, power tool accessories, laser and optical levels, range finding devices, among countless other tools. 

CRP-3 and Bosch expect to invest nearly $2.5 million in the property, with the anticipation of Bosch adding 150 jobs by 2020. Bosch expects to grow from 650 to 800 full-time employees as they expand their facilities’ tools, machinery and IT departments. CRP-3 plans to heavily invest in site improvements at the 637,566-square-foot facility.

Steven W. Kling and Francis Prock, both principals at Colliers, represented the landlord, CRP-3 West Central, LLC, in the lease renewal. Kent Ilhardt of Cushman & Wakefield represented Bosch.

Bosch has remained headquartered at CRP-3’s facility since 2002.