Assemblers Inc. Expands in Metro Chicago

CHICAGO—Landlords in the south suburbs recently saw the vacancy rate among their industrial buildings sink below 10%, the first time that has happened since 2007, according the latest data from Colliers. And even though leasing activity slowed a bit in 2013 compared to 2012, this year at least has started off with a major space getting filled.

Assemblers Inc. has decided to expand in the area by signing a new 270,789-square-foot lease for a modern warehouse in suburban Bedford Park. The assembly and contract packaging company signed a long-term deal for 5139 West 73rd St., a building constructed in 2006 and located within Bedford Park Corporate Center. According to Cook County records, Denver-based Industrial Income Trust paid $30 million for the property in 2011.