The Chicago office of Duke Realty has signed a lease with 48forty Solutions, a pallet management company, for 83,720 square feet at 16508 S. John Lane Crossing in Lockport, Illinois. With this lease, Duke Realty’s three Lockport buildings, which total 802,284 square feet, are 100 percent leased.
“We are pleased to welcome 48forty Solutions to Lockport 16508 and all the benefits associated with this well-located property,” said Susan Bergdoll, vice president of leasing and development for Duke Realty in Chicago. “This building, as well as our other I-55 properties including Airport Logistics Center I, provide convenient connections to I-355, I-80 and I-55, allowing users to quickly access the Chicago metro area, the entire state and beyond.”
Timothy McCune with Corporate Realty Advisors and David Prell with CBRE represented 48forty Solutions in its lease, while Duke Realty was represented by Jason West and Sean Henrick with Cushman & Wakefield, as well as Bergdoll and Casey Grant with Duke Realty. Acer computer products recently expanded its lease at the property.
To meet ongoing demand in the I-55 submarket, Duke Realty recently delivered Airport Logistics Center I, a 543,780-square-foot modern logistics building located at 950 W. Renwick Road in Romeoville, Illinois. The buidling features 36-foot clear height, 81 dock doors and parking for 125 trailers and 335 cars. The 76.5-acre site on which the building is located allows for an expansion of the building to 1.3 million square feet, additional car or trailer parking or the construction of a second building.
In addition to Airport Logistics Center I, Duke Realty owns and manages another 14 buildings totaling more than 4.3 million square feet in the I-55 submarket that are more than 95 percent leased.