Lee & Associates closed a lease transaction totaling 105,000 square feet at 3905-3925 Morreim Drive in Belvidere, Illinois.
Jeff Janda, SIOR and Jeff Galante, SIOR, principals at Lee & Associates’ Illinois office, represented the tenant, Jensen-Souders and Associates, a provider of warehousing services for chemicals, rubber products and other miscellaneous products.
Jensen-Souders renewed and extended their current lease on 60,000 square feet while taking an additional 45,000 square feet to now occupy the entire building. The building is owned by STAG Industrial (NYSE: STAG). The landlord was represented by Shane Van Sickle, SIOR of LandMark Real Estate Group.
Jensen-Souders’ headquarters remains in Itasca, IL.
