ROSEMONT, IL – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, has completed more than 1 million square feet of industrial transactions in the I-55 submarket.
“Activity has increased significantly in the southwest Chicago suburbs,” said Jack Cozzie, senior vice president, Industrial Group.
“Landlords continue to be aggressive and tenants advantage of those opportunities. We’re definitely seeing more activity and movement toward recovery.”
“Landlords continue to be aggressive and tenants advantage of those opportunities. We’re definitely seeing more activity and movement toward recovery.”
Some of the more significant of these transactions include:
Cozzie and Jim Cummings, associate vice president, both members of the Grubb & Ellis Global Logistics group and focused on the I-55 corridor, represented Hub One Logistics in the lease extension of 336,000 square feet of warehouse/distribution space at Crossroads Business Park in Romeoville with the Landlord, Duke Realty.
The two professionals also represented Central Freight in the sublease of 53,220 square feet to Federal Express at Bolingbrook Corporate Center (lower left photo) and First Industrial Realty in the lease renewal of 38,000 square feet with Easy Mailing Services at Crossroads Business Park in Bolingbrook.
Cozzie and Cummings also represented Kohler Co. in the lease of 195,000 square feet of warehouse/distribution space at Liberty Business Center in Aurora from Liberty Property Trust, as well as ownership in the sale of 279 Marquette Drive in Bolingbrook, a 101,088-square-foot freezer/cooler and distribution facility, to Supreme Lobster & Seafood Company, in a transaction Grubb & Ellis previously publicized on Nov. 1.Contact: Erin Mays, Phone: 312.698.6735,
Email: erin.mays@grubb-ellis.com
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