IDI has announced a string of recent leases in the I-88 corridor with firms such as JBS Logistics and hhgregg that totals more than 670,000 square feet.
JBS Logistics, Inc. leased 303,800 square feet in Building 3 of Prairie Pointe Corporate Center, which is located in the I-88 submarket at 2043 Corporate Lane in Naperville, Ill. The third-party logistics company fully occupies the
building and will use the space for storage, warehousing and distribution of individually packaged consumer goods and food products on behalf of their clients. This lease brings the park to approximately 97 percent occupancy.
The company plans to take occupancy in October 2011. Jeff Fischer of NAI Hiffman represented JBS Logistics in the lease transaction. Rick Daly and Cory Ramey of Darwin Realty listed the property on behalf of owners IDI and TIAA.
To the west of I-88, GSP leased 78,494 square feet respectively in Prime Business Park at 1455 Sequoia Drive bringing the building to 84 percent occupancy. GSP relocated from a smaller facility in west Chicago and will use the space to support their rapidly expanding environmental packaging production business. Suzanne Serino with Avison Young represented GSP and Jeff Janda and Mike Androwich with Lee & Associates were listing agents on the property. Jeff Lanaghan represented IDI in all of the new leases.
Earlier this year, MMD Logistics, a third-party logistics provider, also moved to a 41,012 space in Prime Business Park from a Bolingbrook facility where they previously had 50,000 square feet. John Joyce, Terry Alexander and Jeff Locasio of Newmark Knight Frank Epic represented MMD in the lease and Jeff Janda and Mike Androwich with Lee & Associates were listing agents on the property.
Finally, hhgregg Inc.’s facility for Gregg Appliances in Prairie Point West, Building A, is located in 247,360 square feet at 2176 Diehl Road in Aurora. hhgregg is the first tenant in Building A, where 116,015 square feet remains available for lease. Matthew Stauber and Lawrence Shaw of Colliers International represented hhgregg and Kirk Armour and David Prell of CB Richard Ellis were the listing agents for the building.
IDI first acquired property in the I-88 corridor in 1996 with the development of Prairie Pointe Corporate Park in Naperville.