The building was developed as the second phase of the 420,000-sf Aurora Distribution Center, developed in 2007. Other tenants in the 125,000-sf building include WebbMason and Olympic Logistics. The development also includes 1203 Bilter Road, a 295,000-sf building leased fully to Reviva Logistics. "The fact that we have been able to negotiate leases at Aurora Distribution Center II totaling nearly 357,000 square feet in the past six months shows that the Interstate 88 corridor offers excellent opportunities for firms and remains a viable and growing market," said Tim Thompson, EVP and director of industrial brokerage at HSA.
Average asking lease rates in the I-88 submarket range from about $7 to $12 per sf, and the occupancy rate is around 94%, according to a second quarter Grubb & Ellis market report. Mark Montana with of CresaPartners represented Victaulic in the lease, while Charles Canale and Carter Andrus with Colliers Bennett and Kahnweiler, the leasing agents for the development, represented HSA.
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