Integral with the sale transaction, Chicago-based R.R. DonnelleyLogistics has leased 670,000 sf of one of the properties at thecenter, a 687,800-sf distribution facility, and expects to openoperations for its Northeast distribution there by third-quarter2003.
The center also contains a 40,000-sf, two-story corporate officefacility; a 52,000-sf, single-story industrial building, and a729,000-sf manufacturing/distribution building.
Terms of the Donnelley lease and asking rental rates for theremaining vacant space are undisclosed, and calls by GlobeSt.comwere not returned by press time. According to a statement, however,"the offering rents are well below market for completely renovated,modern industrial space that is adaptable for both manufacturingand distribution requirements."
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