Vernon Schultz, EVP, and Brent DeNoble, VP, both with ColliersBennett & Kahnweiler's industrial services group, representedboth Solideal and building developer Higgins Development Partnersin the lease transaction. The tenant is consolidating locations inHarvey, IL; Rockford, IL and a location in Indiana, Schultz says.The new space in Joliet has 20 feet clear ceiling heights, 10exterior depressed truck docks, eight trailer parking stalls and iscrane equipped. Solideal chose the facility because of itsproximity to Interstate 55 and Interstate 80, Schultz says.

The 645,817-sf warehouse facility was constructed in 1969 forCaterpillar. An ownership entity controlled by Higgins, based inChicago, acquired the building last year and renovated the buildingincluding new docks, new parking and new trailer storage areas,Schultz says.

The building is currently about 50% occupied with the othertenant being M&E Distribution. The asking lease rate is $3.75per sf net, Schultz says. The property has an extra 10 acres whichcould be used for parking and trailer storage or could, in thefuture, be developed with between 300,000 sf and 400,000 sf, hetells GlobeSt.com.