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MidwestCRE

More than 450,000 square feet of space leased in I-88 submarket in first half of 2013

Staff Writer April 5, 2017
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CBRE Senior Vice President Dave Prioletti has completed nine deals totaling more than 450,000 square feet in the I-88 submarket in the first half of 2013.

The deals were:

  • PanCal, 163,650 square feet, Butterfield Business Center, Aurora;
  • PanCal, 88,900 square feet, Butterfield Business Center, Aurora;
  • Globe Corp.,  75,063 square feet, Cantera Business Center,  Warrenville;
  • Wolf Creek Associates, 35,228 square feet, White Oak Business Park, Aurora;
  • AG Partners, 34,600 square feet, White Oak Business Park, Aurora;
  • Globe Corp., 18,646 square feet, Cantera Business Park, Warrenville;
  • ROC Companies, 16,400 square feet, Meadow Lakes Business Park, Aurora;
  • Private owner, 14,000 square feet, Corporate Business Park, Aurora;
  • Wolf Creek Associates, 13,900 square feet, White Oak Business Park, Aurora; and
  • ROC Companies, 12,000 square feet, Lisle.

“The activity indicates a firming in the East-West Corridor’s industrial submarket, which has led to tenants taking a proactive approach to the shrinking supply of quality space. Vacancy in I-88 is at a 6.2 percent uncharacteristically low for this submarket with limited new construction on the horizon,” said Prioletti, a 28-year veteran of industrial brokerage.

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