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BOLINGBROOK, IL-Charlotte, NC-based Compass Group USA Inc., a contract foodservice and hospitality company, has inked a 10-year lease for 98,414 sf at Bolingbrook Point Three. Compass' lease represents 53% of the building, with the remainder of the facility is still available for lease.

Bolingbrook Point Three is the final phase of development at the Bolingbrook Point Corporate Center. Developed by McShane/MetLife industrial development alliance, the park includes an aggregate 800,000 sf of rentable space.

Ron Behm with Colliers Bennett & Kahnweiler, who represented Compass Group, tells GlobeSt.com the company searched the entire Chicagoland market before deciding on the Bolingbrook property. "The Bolingbrook market was the best area to serve their customers," he says. Although he could not disclose the details of the transaction he says Compass' lease includes market rate plus the cost of installing freezers and coolers."It's a different type of rate, which reflects the substantial improvements that went into the space," he says.The warehouse/distribution space is comprised of 8,034 sf of office; 40,094 sf of warehouse; 9,966 sf of cooler space; 11,520 sf of cooler-dock staging; and 28,800 sf of freezer space. The facility also includes a 30-foot clear ceiling height in the warehouse area and 28-foot clear height in the cooler and freezer areas.