"This location is close to their corporate headquarters and mainfacility at 1101 Taylor Road in Romeoville," says J.D. Salazar,managing principal with Champion Realty Advisors, who representedOHL in the deal. "That allows them to leverage employees andmanagement, so they can shuffle employees to where they need themthat day. It's a good use of their labor force."

Asking lease rates at the 10-year-old building are around $3.95per square foot net. OHL use the space to handle food-relatedproducts and other consumer goods, and has the rights to expandinto additional space within the building. The remaining 126,000square feet of the building is occupied by Elkay Manufacturing Co.,which has another year remaining on its lease but is currently inthe process of moving out and looking to sublease its space.

In March, GlobeSt.com reported on another recent lease by OHL -106,000 square feet it subleased from Raleigh USA at 555 RemingtonBlvd. "OHL's business is growing and I've been more active thanever," Salazar tells GlobeSt.com. "Good third party logisticscompanies are benefiting from manufacturers and other companiestrying to cut costs and continuing to outsource distribution. Acouple of their big consumer products clients are growing theirbusiness with OHL so they have to allocate more space."

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