Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ROMEOVILLE, IL-APL Logistics has signed a five-year lease on a 346,300-sf build-to-suit distribution facility in Internationale Centre West. Catellus Development Corp. will begin construction this month and hopes to have it ready for its supply chain services tenant in the first quarter.

The building is the fourth build-to-suit Catellus has done for APL Logistics in the last four years, including at Internationale Centre West. Other tenants in the 130-acre business park, which ultimately will have 2 million sf of leasable space, include Gillette Co. and Hellermann Tyton.

Although terms were not revealed, industrial lease rates in the area range from $3.50 oer sf to $7 per sf, which would make the deal worth $6 million to $12 million.

Catellus also has 6.4 million sf in its Internationale Centre in Woodridge, with plans to ultimately build 10 million sf.

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

Once you are an ALM digital member, you’ll receive:

  • 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
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.