(To read more on the industrial market, click here. To read more on the net lease market, click here.)
WOODRIDGE, IL-Best Buy has leased the entire 356,621-sf warehouse/distribution building at 2601 Internationale Pkwy., at Internationale Centre II. The one-story facility was built in 1999. The original developer of the business park was Catellus.
Situated on a 16.3-acre site, the location has immediate access to transportation, including I-55 and I-355. The property itself 6-foot reinforced doors, 44 external truck docks with levelers. Best Buy, which is relocating from Carol Stream, will use the space for product distribution and repair services.
Dave Prioletti of CB Richard Ellis represented current ownership of the property, Invesco, in the lease transaction. David Brown, of CBRE's Minneapolis office, and Traci Buckingham, of CBRE's Chicago office, represented Minneapolis-based Best Buy in the lease negotiations. The firm, best known as a purveyor of consumer electronics and appliances, has more than 930 retail locations throughout the US and Canada.
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