The Chicago office of Duke Realty has signed leases totaling 456,719 square feet in two of its industrial properties along the I-55 corridor. APL Logistics, a third-party logistics services provider, signed a new lease for 126,450 square feet in Crossroads 1, while existing tenant Exel Inc., a supply chain and logistics company, renewed its 241,110-square-foot lease and expanded by 89,159 square feet in Park 55 Building 1.
“Both our Crossroads and Park 55 properties are modern, state-of-the-art industrial facilities with features that APL Logistics and Exel need for their operations,” said Steve Schnur, senior vice president of Duke Realty’s Chicago operations. “Both buildings’ features help facilitate the storage and handling of products in an efficient and cost-effective manner, while their location offers quick and easy access to and from the highway.”
APL Logistics was represented by Larry Johnson with CBRE in its new lease, while Mark Moran and Steve Connolly with NAI Hiffman and Susan Bergdoll represented Duke Realty. Jeanne Rogers with Arthur J. Rogers & Co. represented Exel Inc. in its renewal and expansion, while Trevor Ragsdale, Kelly Gray and Michael Connor with Jones Lang LaSalle and Bergdoll represented Duke Realty.
Crossroads 1 is a 289,920-square-foot, bulk distribution facility and one of seven Duke Realty industrial buildings in Crossroads Business Park at I-55 and Route 53 in Bolingbrook. Park 55 Building 1 is a 529,000-square-foot bulk distribution facility located a few miles southwest of Crossroads along I-55.
© 2015 Real Estate Communications Group. Duplication or reproduction of this article not permitted without authorization from the Real Estate Publishing Group. For information on reprint or electronic pdf of this article contact Mark Menzies at 312-644-4610 or email@example.com