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CHICAGO-Divane Bros. Electric Co. has signed on for 40,000 square feet at 2700 W. Roosevelt. The Franklin Park, IL-based electrical contracting service provider is relocating to the 104,000-square-foot building from its previous space on 54th Avenue in Cicero, IL. The five-acre property offers parking for 200 cars and a building completed in 2001 featuring precast construction, ESFR sprinklers, 26-foot clear ceilings, ten docks, and five drive-in doors.

Divane was represented by EVP Rodger Chenore, VP Jeffrey Girling, and senior associate Terence Lynch of Paine/Wetzel ONCOR International, while the building owner was represented by Cook Financial. Divane serves the transportation, aviation, general construction and communication industries. The firm was drawn to its new space based on its location in Chicago and within proximity to downtown and expressways, namely Interstate 290 which is less than a mile away.

The park is located in the south Chicago submarket, where the occupancy rate include sublease space is around 90%, according to Grubb & Ellis’ mid-year industrial market report. Average asking lease rates are around $4 per square foot in the submarket, Grubb’s research says.

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