Although terms were not disclosed, warehouse space in the area is on the market ranging from $3.60 per sf to $4.95 per sf. The distribution facility is one mile from Interstate 55 as well as 13 miles north of Interstate 80. "The facility is situated in one of the most active regional and national distribution locations in the country," says ProLogis market officer John Picchiotti.
S&S Activewear, which distributes corporate apparel and accessories, moves it warehouse operations from 2 Gateway Ct., less than a mile away in Bolingbrook. The 23-acre site in Remington Lakes Business Park allows for on-site parking for 102 trailers.
The deal follows a 360,000-sf build-to-suit for Chicago Tube & Iron in nearby Romeoville's South Creek Business Center. CT&I is moving from 2531 W. 48th St. in Chicago.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
