OHL Signs for 541K in Romeoville

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.