Supply Chain Solutions, a supply chain management and improvement group headquartered in Grand Rapids, Mich., has leased 58,961 square feet at 882-898 Carol Court, part of the Carol Point Business Center in Carol Stream.
Cushman & Wakefield’s Britt Casey and Michael Hawryluk represented the landlord, AEW Capital Management LP (AEW), and David Bercu of Colliers International represented Supply Chain Solutions in the lease. Supply Chain Solutions joins existing tenant Defined Logistics, which recently expanded for the second time in six months to fill 135,000 square feet.
The property is a 274,952-square-foot Class A distribution building located near Schmale Road (Route 36) and East Lies Road (Route 23). AEW owns the property on behalf of one of its institutional clients and Cushman & Wakefield provides both leasing and management services for the property.
“The SCS transaction is yet another example of the consistent uptick in industrial user activity throughout the Chicago market, contributing to the drop in vacancy to 2001 levels of below 8 percent,” Hawryluk said.