Industrial N Illinois

Colliers completes full-building industrial lease for Panattoni

Colliers completes full-building industrial lease for Panattoni,ph1

Colliers International | Chicago represented Panattoni in a long-term lease to NorthShore Care. The 161,585-square-foot, full-building lease is at the developer’s newest project currently under construction at Rockland Road and I-94 in Green Oaks, Illinois. Delivery is expected in January 2020.

Colliers International | Chicago’s Christopher Volkert, SIOR, represented Panattoni in the transaction. Whit Heitman with CBRE represented NorthShore Care, a provider of incontinence products. NorthShore Care will move from its existing facility in Buffalo Grove upon completion.

“Demand for high-quality industrial space in Lake County remains strong,” said Volkert. “With great access to I-94 and O’Hare as well as the city and suburbs, the facility leased quickly after ground was broken.”

Panattoni’s Green Oaks development—Lake County’s newest—is situated on 7.64 acres. It will feature precast construction, 32-foot clear height, 33 exterior docks, two drive-in doors and parking for up to 188 cars. In addition, it offers I-94 frontage and access via Route 176.