Industrial N Illinois

CenterPoint names Podolsky Circle exclusive leasing agent for 1 MSF industrial facility

CenterPoint names Podolsky Circle exclusive leasing agent for 1 MSF industr,ph01

Podolsky Circle CORFAC International has been appointed as the exclusive leasing agent for the 992,462-square-foot industrial facility located at 900 Knell Road in Montgomery, Illinois. Podolsky Circle principal Adam Tarantur, CCIM, principal Steven Tick, SIOR and associate Austin Vanderstappen will lead the brokerage team on behalf of the owner, CenterPoint Properties.

Situated on 49 acres, 4.5 miles south of the Interstate 88 and Orchard Road interchange, 900 Knell Road is located in the western suburb of Montgomery, just southwest of the city of Aurora. The property currently features 79 loading docks, 28-foot clear ceiling heights and parking for 371 cars and 111 trailer drops. Varying unit sizes and dock formations are possible at the property. The property will be available for the first time in over a decade when Suncast Corporation, which has leased 900 Knell Road for the past 10 years, vacates the property in January 2020.

CenterPoint Properties has recently re-branded the property as “CenterPoint 88 Industrial Complex,” and along with Podolsky Circle, is aggressively seeking tenants from 200,000 to 1,000,000 square feet. The property features abundant trailer parking as well as areas for outside storage. The building’s BNSF rail can be reactivated, with portions of the rail running inside the building, in addition to exterior.

“The newly rebranded CenterPoint 88 Industrial Complex provides users the opportunity to occupy functional space near the four-way I-88 interchange at Orchard Road at the lowest cube cost in the market,” said Tarantur.

CenterPoint, which has owned 900 Knell Road for 22 years, acquires, develops, redevelops, manages, leases and sells state-of-the-art warehouse, distribution and manufacturing facilities near major transportation nodes.