Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ROSELLE, IL-Advanced Beverage Solutions, LLC has leased 17,734 sf at 100 N. Gary Ave. in Turnberry Business Park. Although terms were not disclosed, the deal includes incentives as well as five months free rent, according to Grubb & Ellis Co., which represented the soft-drink dispensing machine equipment supplier.

IDI/J.P. Morgan, owners of 100 N. Gary Ave., was represented by Mike Sedjo of CB Richard Ellis. Grubb & Ellis’ Bruce Granger says Advanced Beverage Solutions is moving into a building with 28 feet of clear height, double that of its previous location in neighboring Schaumburg, where the company had about 10,000 sf. However, the biggest selling point was crossing the county line, he claims.

“The tax breaks they will realize from the move was the main factor,” says Granger, noting a lower tax rate in DuPage County compared to Cook County.

Although the lease rate was not disclosed, asking rates in the area are about $5 per 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.