JLL recently announced that its Chicago Industrial Brokerage business has completed long-term lease on behalf of a leading consumer appliance manufacturer for more than 750,000 square feet of industrial space at Clarius Park in Joliet, Illinois. The facility was developed by Clarius Partners, LLC. According to the firm, on a square-footage basis, this is the largest non-built-to-suit industrial lease in the Chicago area in 2015.
The new tenant recently identified the opportunity to augment its growing real estate portfolio through a strategically-located property in close proximity to an intermodals transportation hub near Chicago.
With the help of JLL, they selected Clarius Park Joliet and signed a multi-year lease for 752,410 square feet of space in a 1,001,184 square foot industrial building at 3851 Youngs Road.
Kevin Matzke, managing principal of Clarius Partners, said this location provides their new tenant the ability to increase their service offerings and bring further efficiencies to the company’s North American service lines.
The LEED Silver building was designed for maximum flexibility with state-of-the-art specifications, ideal for light manufacturing, distribution and warehousing, for organizations with a focus on regional or national distribution.
Located in close proximity to the I-55 and I-80 interchange and the BNSF and UP intermodal facilities, the property is designed to meet a consistently growing demand for well-located, accessible, and large industrial space by companies servicing local, regional and national warehousing and distribution needs.The tenant was represented in the transaction by JLL’s Trevor Ragsdale, Keith Stauber and Steve Ostrowski. Clarius Partners was represented by Trevor Ragsdale, Grant Glattly and Michael Connor, also of JLL.“It was an honor to represent such a sophisticated tenant whose deep understanding of the real estate market paved the way for an efficient deal. Further, working with our partners Grant Glattly and Michael Connor of JLL made this a truly smooth and effective transaction that benefitted all parties,” said Trevor Ragsdale. “This is the latest example of a forward-thinking company generating bottom-line value through strategic real estate decision making by locating in a proven industrial market with excellent transportation infrastructure and proximity to a huge consumer base. The Joliet area continues to provide a total landed cost advantage for customers seeking to serve the Midwestern Region.”Clarius Partners, LLC is a commercial real estate investment and development management company headquartered in Chicago with over $700 million and approximately 8 million square feet of land, office, and industrial development projects under management in Illinois, Pennsylvania, Arizona and