CHICAGO—OHL has just signed a long-term lease renewal for all 541,123 square feet at 1101 Taylor Rd., the distribution/warehousing facility in suburban Romeoville that the 3PL provider has occupied since 2003. The deal will help keep the market tight and create opportunities for landlords in the metro region.
"Lease terms in the Chicago industrial market continue to trend in favor of landlords in most submarkets,” J.D. Salazar, executive vice president and managing director of Fischer Chicago, tells GlobeSt.com. He teamed with ProVenture Commercial Real Estate to represent OHL. The landlord, New York Life Real Estate Investors, was represented by senior director Jeff Perpich of the firm.
OHL was the first and has remained the only occupant of 1101 Taylor since it was built in 2001. The building features 32' clear ceiling heights, 60 exterior docs and 40 slots for trailer parking.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
