Liberty Property Trust has signed a lease renewal agreement with DSC Logistics, Inc. for more than one million square feet of space at 21705-21707 West Mississippi Avenue in Elwood. The tenant will continue to occupy 100% of the building.
“Liberty has a long-standing relationship with DSC Logistics,” said Don Schoenheider, vice president and city manager, Liberty Property Trust. “We value this partnership and the trust they have invested in us and our ability to meet their changing needs for years to come.”
DSC Logistics, a leading supply chain management company, focuses on designing, integrating, managing and adapting supply chain solutions. DSC capabilities as a Lead Logistics Partner (LLP) and third-party logistics provider (3PL) include supply chain analysis and design, network optimization and management, Logistics Center management, transportation management and consolidation, business process integration, supply chain visibility and value-added services. The Elwood facility is one of the many logistics centers DSC manages across the United States.
Lynn Reich, SIOR, CCIM, executive vice president, Colliers International represented the tenant. James Estus, SIOR and Jeffrey Kapcheck, SIOR represented Liberty Property Trust.
The building is situated in the BNSF Logistics Park Chicago, which is centrally located near the intersection of I-55 and I-80 and offers convenient double-direct access rail spur into this facility. Liberty owns one other building in the Intermodal, which is also 100% leased.