On behalf of its FNTG National Record Centers Inc. subsidiary,Fidelity signed a five-year lease valued at $2.5 million or $0.41per sf per month, a local industry source familiar with thetransaction tells GlobeSt.com. Grubb & Ellis declined toconfirm the deal points, citing client confidentiality. FidelityNational Title was not immediately available Wednesday forcomment.

|

"We had several critical requirements for our new facility; ithad to be highly-efficient, economic in its pricing, and have goodaccess to public transportation," says FNTG's record center managerTerry Oxley in a prepared statement.

|

The lease, which commences in December, is for half of Building4 at Kelley Point Distribution Center Phase II at 15925 N. LombardSt. in the Rivergate area. Brandon Frank and Tyler Sheils ofG&E represented Fidelity National Title. Tom Talbot and TonyReser of GVA Kidder Mathews represented Calwest Industrial.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 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.