CHICAGO—The industrial vacancy rate in Central DuPage County hasdeclined considerably in the past year, and even though it tickedup in the second quarter, it is showing signs that it may continueits long term decline. The Chicago office of DukeRealty, a nationwide REIT, has just signed a new leasewith GELS Logistics, a global e-commerce logisticscompany, bringing its five-building Carol Stream Business Park to100% occupancy. GELS will lease 154,275 square feet in Carol StreamIII, a 304,624 square foot bulk warehouse located at 370 KimberlyDr. in suburban Carol Stream.
“Our Carol Stream properties continue to be attractive towarehouse and distribution companies because of their centrallocation and ability to serve the greater Chicago area,” saysRyan O'Leary, senior vice president of Duke'sChicago operations. “We are pleased to welcome GELS Logistics toCarol Stream III and to the benefits that Carol Stream BusinessPark offers logistics customers.”
Duke Realty's portfolio in Carol Stream Business Park iscomprised of five buildings totaling 1.4 million square feet. Thepark is located 3.5 miles from I-355, just off Rte. 64 between GaryAve. and Schmale Rd.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
