X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WOOD DALE, IL-Seko Worldwide has signed a lease to expand into 40,000 square feet at 101 Mark St. The third-party logistics firm will move into the new space from its previous location at 1470 Thorndale Ave. in Elk Grove Village, IL. With headquarters in Itasca, IL, Seko selected to relocate to the five-acre property for its loading capability, comparatively low DuPage County taxes and proximity to O’Hare International Airport.

Seko’s unit in the 177,000-square-foot building offers 8,000 square feet of office, 24-foot clear ceilings, five exterior docks, a drive-in door and parking for 45 cars. Rental rates at the property have been marketed for around $4.95 per square foot gross. Seko was represented in the lease by principal Elise Couston, VP Theresa Gleason, and associate Patrick Fitzgerald of Paine/Wetzel ONCOR International, while building owner Invesco was represented by Kevin Segerson, senior associate with CB Richard Ellis.

Built in 1988, the building is located within the Chancellory Business Park in the north DuPage County submarket. Overall occupancy for warehouse space in the submarket is around 90%, according to Grubb & Ellis’ mid-year industrial market report. Average asking lease rates for warehouse in the submarket are near $4.70 per square foot, Grubb’s research says.

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

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.