"During the last few months we have observed an uptick in interest in industrial properties in this market," Don Schoenheider, VP and city manager of Liberty Property Trust, says. "While conditions remain challenging, we are cautiously optimistic as we head into the fall."
Built in 1999, Batavia Industrial Center II is currently 100% leased. The seven-acre property offers 30-foot clear ceilings, one drive-in bay, 40 parking spaces, ESFR sprinkler systems and four exterior docks. It is located in the Fox Valley submarket, where overall occupancy is around 88% and asking lease rates average near $4 per square foot, according to Grubb & Ellis' mid-year industrial market report.
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