X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WOODRIDGE, IL-The second of two buildings in the Maple Point Business Park at 103rd Street and Lemont Road here is 100% occupied with a 69,420-sf lease with Nestle Waters North America Inc. The building owned by Argonne Bridge LLC at 10335 Argonne Woods Dr. is in an I-55 Corridor submarket where Grubb & Ellis Co. estimates vacancy at 15.4%.

The manufacturer of bottled waters will use most of the space for warehouse and manufacturing but is setting aside 20,000 sf for office space. While lease terms were not disclosed, asking rates for warehouse and distribution space in the I-55 Corridor average $4.48 per sf, according to Grubb & Ellis, while flex space averages $11.21 per sf.

HSA Commercial Real Estate senior vice president Tom Boyle represented Argonne Bridge LLC while Phillip Wegele andChris Tecu of Trammell Crow represented Nestle Waters North America.

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

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

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 © 2021 ALM Media Properties, LLC. All Rights Reserved.