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I-55 Industrial Corridor Remains Robust

BOLINGBROOK, IL-Popularity with a variety of users continues to drive the deals here. Illustrating a continued demand with smaller users, four leases bring Crossings Business Center to 70% occupancy.

By Bonnie Grota | Updated on June 08, 2006

(To read more on the industrial market, click here.)

BOLINGBROOK, IL-A submarket with all the right variables, taxes, labor market and highways, continues to attract users. Most recently, four leases totaling 72,046 sf at Crossings Business Center, 380 Internationale Dr., were signed along the I-55 corridor, illustrating continued strength in the market.Crossings Business Center is a two-building, 352,700-sf multi-tenant industrial facility jointly developed and owned by HSA and ML Realty Partners. Managed by HSA, it is located within Corporate Crossings Business Park and totals 19.9 acres. Tim Thompson, EVP and managing director, HSA Commercial Real Estate’s industrial brokerage division represented ownership in all four deals.

The leases include: Recall Secure Destruction Services Inc., 16,906 sf; Modular Installations & Design Inc., an office interior installation company, leased 16,906 sf; Lansing Building Products, headquartered in Richmond, VA, leased 19,117 sf; and Concept Communications Co., a packaging supplier for the pharmaceutical and health industry, leased 19,117 sf.He tells GlobeSt.com that the company built these buildings with versatility in mind. “The users of our facilities complement the big-box users who are already out here because it was designed for the needs of the small- to medium-sized user.” According to Thompson, the property is now approximately 70% leased.

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