On behalf of its FNTG National Record Centers Inc. subsidiary, Fidelity signed a five-year lease valued at $2.5 million or $0.41 per sf per month, a local industry source familiar with the transaction tells GlobeSt.com. Grubb & Ellis declined to confirm the deal points, citing client confidentiality. Fidelity National Title was not immediately available Wednesday for comment.

"We had several critical requirements for our new facility; it had to be highly-efficient, economic in its pricing, and have good access to public transportation," says FNTG's record center manager Terry Oxley in a prepared statement.

The lease, which commences in December, is for half of Building 4 at Kelley Point Distribution Center Phase II at 15925 N. Lombard St. in the Rivergate area. Brandon Frank and Tyler Sheils of G&E represented Fidelity National Title. Tom Talbot and Tony Reser of GVA Kidder Mathews represented Calwest Industrial.