CHICAGO—The industrial market has tightened up considerably across the region, with the vacancy rate hitting its lowest point since 2001, and few areas are in as much demand as the O’Hare submarket. Several companies have recently completed speculative projects near the airport, and tenants generally snap up space as it becomes available.

Brennan Investment Group, LLC just became the latest to fill up a big chunk of speculative space in the submarket by signing a new lease with Pet Food Experts for 98,785 square feet at its newly constructed warehouse building in suburban Des Plaines at 1780 Birchwood Ave. The lease will commence in the third quarter. A little more than 40,000 square feet remains available.

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