Industrial N Illinois

Colliers International arranges 160,660 SF industrial lease

Colliers International arranges 160,660 SF industrial lease,ph01

Colliers International I Chicago recently represented Dayton, Minnesota-based King Solutions, Inc. in its lease of a 160,669-square-foot warehouse located at 500 Regency Drive in Glendale Heights, Illinois. This is the first location in the Chicago area for the asset-based, third-party logistics provider of freight transportation management, retail project logistics, order fulfillment and warehousing services, which sought to establish a presence closer to several of its core clients.

“The warehouse is located in DuPage County which not only provides the proximity to Chicago that our client sought, but also allowed us to secure very favorable economic terms,” said Colliers’ Michael Morgan.

Built on 9.42 acres in 1989, the warehouse features 25-foot clear ceiling height, seven exterior docks, one interior dock and two drive-in doors. The property can accommodate parking for 200 cars in addition to available trailer parking. Located near Army Trail Road and the I-355 interchange, it provides convenient access to the City of Chicago and surrounding area.

Morgan, along with Colliers’ Jim Herbst and Brian Netzky, represented King Solutions in the transaction while the owner, Gateway, was represented by Lee & Associates’ Jeff Janda.