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Duke Leases Up DuPage Business Park

CHICAGO—The submarket has seen its vacancy rate decline from 8.44% one year ago to 7.81% today.

By Brian J. Rogal | Updated on September 13, 2015

CHICAGO—The industrial vacancy rate in Central DuPage County has declined considerably in the past year, and even though it ticked up in the second quarter, it is showing signs that it may continue its long term decline. The Chicago office of Duke Realty, a nationwide REIT, has just signed a new lease with GELS Logistics, a global e-commerce logistics company, bringing its five-building Carol Stream Business Park to 100% occupancy. GELS will lease 154,275 square feet in Carol Stream III, a 304,624 square foot bulk warehouse located at 370 Kimberly Dr. in suburban Carol Stream.

“Our Carol Stream properties continue to be attractive to warehouse and distribution companies because of their central location and ability to serve the greater Chicago area,” says Ryan O’Leary, senior vice president of Duke’s Chicago operations. “We are pleased to welcome GELS Logistics to Carol Stream III and to the benefits that Carol Stream Business Park offers logistics customers.”

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