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ELGIN, IL-Touchpoint Logistics is staying in this Fox Valley city, moving from outgrown quarters at 1925 Holmes Rd. for 51,849 sf at 2587 Technology Dr. in the 375-acre Northwest Corporate Center. The company, which is less than four years old, signed a five-year lease with owner and developer Interstate Partners.

Although financial details were not disclosed, asking net lease rates for warehouse and distribution space in the Northern Kane County submarket is $4.89 per sf, according to Grubb & Ellis’ most recent research report, above average for the overall market. Vacancy in the 18.8-million-sf submarket is 12.8%, according to the real estate services company.

There has been one constant for Touchpoint Logistics, which signed a 42,000-sf deal at 1925 Holmes Rd. Grubb & Ellis SVPs Bruce Granger and Kenneth Franzese represented the company in that deal. Although Franzese has since moved on to Lee & Associates, the duo teamed up on the recent deal with Interstate Partners.

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