Duke Realty Corp. has acquired 335 W. Crossroads, a 288,000-square-foot industrial building, and has leased 190,080 square feet in the building to RTC Industries.
The class A industrial property, which is located in Crossroads Business Park where Duke Realty already owns 3.3 million square feet of industrial space in 10 fully leased buildings, increases Duke Realty’s industrial holdings in the I-55 corridor, Chicago’s second largest industrial market, and boasts its overall Chicago-area portfolio to more than 10.6 million square feet. The acquisition also enables Duke Realty to meet the expanded space needs of RTC, a designer of retail marketing displays that also leases its 503,200-square-foot Crossroads V building.
“RTC has been an excellent tenant with solid growth since becoming a Duke Realty tenant,” said Steve Schnur, senior vice president of Duke Realty’s Chicago operations. “The acquisition of 335 W. Crossroads allows us to provide RTC with the additional space it needs and complements our strategy of increasing our investment in quality industrial buildings in strong distribution markets.”
335 W. Crossroads is a class A modern bulk distribution facility with 30-foot clear height and 40-foot by 48-foot bays. The building also features 31 exterior docks and three drive-in doors, along with a 140-foot truck court and parking for 150 cars.
Jeff Kapcheck with Colliers International represented the seller of 335 W. Crossroads Parkway. Bill Frain, Todd Lippmann and Jim Whalen with CBRE represented RTC Industries in its lease.
Following RTC’s lease, 97,920 square feet of space remain available for lease in 335 W. Crossroads.
