Thank you for sharing!

Your article was successfully shared with the contacts you provided.

(To read more on the industrial market, click here.)

BOLINGBROOK, IL-International Airport Centers has paid $39 million for two buildings in the Remington Lakes industrial park here. Blackrock Realty Advisors sold the buildings, totaling 685,000 sf, at 800 and 850 Veterans Pkwy.

The deals also include more than 50 acres. The deal was brokered by Trammell Crow & Co. senior vice presidents Kenneth Szady and Jim Carpenter.

Vacancy in the northern end of the Interstate 55 Corridor is 7.7% including sublease space, according to Delta Associates. That is half the rate in the southern end of the submarket, where 933,000 sf of new construction is occurring.

Recent lease deals nearby include Modular Installations & Design Inc. taking 16,900 sf at the 352,700-sf Crossings Business Center at 380-86 Internationale Dr. in the Corporate Crossings Business Park. It is the first lease at the building, developed by HSA Commercial Real Estate and ML Realty Partners.

In an unrelated sale in the I-55 Corridor, Draine Chicago Group of Westlake Village, CA sold a 62,456-sf building at 7630 S. Madison St. in Willowbrook. A private investor bought the building, which is leased to national truck parts distributor Fleet Pride. Larry Johnson of CB Richard Ellis represesnted Draine Chicago Group in negotiations with NAI Hiffman vice president Stephen J. Connelly.

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?

Dig Deeper

GlobeSt. NET LEASE Fall 2021Event

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

Get More Information


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.