Darwin Realty has closed two new leases totaling 291,000 square feet on behalf of DCT Industrial within the DCT Business Center in Elgin, Illinois.
Darwin Principal Noel Liston and associate Brendan Sheahan represented DCT in two long-term lease transactions to an international manufacturing company: 150,550 square feet at 305-325 Corporate Drive and 140,970 square feet at 350-370 River Ridge Road.
The manufacturing company was represented by Mike Fonda of Avison Young and Jimmy Cohoat of Summit Realty Group.
These leases follow more than 125,000 square feet in leases at the park in mid-2015.
Darwin Realty worked closely with DCT Industrial in underwriting the acquisition and represented DCT in the purchase of the 1-million-square-foot portfolio in 2013. Subsequently, Liston and Sheahan have worked diligently along with the DCT team to complete 10 new leases since the acquisition, working to bring the park towards 100 percent occupancy.
