CHICAGO—Panattoni Development Co. recently broke ground on a new warehouse and distribution facility at Turnberry Lakes Business Park in suburban Roselle and has already leased the entire property. Architectural Office Environments, the holding company for Affordable Office Interiors and Business Office Systems, has leased all 154,126 square feet at 501 S. Gary Ave.
Panattoni plans to finish the new facility this fall, and in addition, the company will also soon complete a 136,799 square-foot building nearby at 101 S. Gary Ave. Both building feature 30' clear heights, and will offer users quick access to the Elgin/O'Hare expressway and close proximity to the Metra commuter train station.
CBRE's Mike Sedjo and Dan Bessey represented the tenant in the transaction.
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.
