Industrial N Illinois

Colliers arranges 78k SF warehouse lease in Mt. Prospect

Colliers arranges 78k SF warehouse lease in Mt. Prospect,ph1

Colliers International I Chicago’s Tom Rodeno and Matthew Stauber represented Clarion Partners in a 78,700-square-foot lease to TEI Logistics LLC in Briarwood Business Park, located at 1400 Algonquin Road in Mt. Prospect, Illinois. The El Paso, Texas-based company will make the move in June 2018 from Wood Dale where it currently occupies 61,780 square feet at 101 Mark Street.

TEI will take about a third of the 237,350-sqaure-foot warehouse/distribution facility that features 12 exterior docks, one drive-in door and 8,000 square feet of office space. Its location, near Algonquin and Elmhurst Roads, was a main driver for the move. Christopher Nelson with Lee & Associates represented the tenant in the transaction.