WEDNESDAY, NOVEMBER 26, 2008

Colliers Bennett & Kahnweiler completes multiple industrial leases

by Midwest Real Estate News Reports
Chicago-> West Cook

David A. Bercu, principal; Jonathan D. Kohn, associate, all with Colliers Bennett & Kahnweiler Inc.'s Industrial Services Group, represented Washington Properties in a 45,852-square-foot lease to Advance Auto Parts Inc. at 11222 Melrose Avenue, Franklin Park, Ill.

11222 Melrose Avenue, also known as Franklin Park Distribution Center, is a 73,160-square-foot warehouse facility completed in 2007. Fronting I-294 in Franklin Park, the building features 30" clear ceiling height, ESFR sprinkler system, and 17 exterior docks. Remaining available space at the property totals 27,000 square feet.

Advance Auto Parts needed a new Midwest auto parts distribution center. The company is expected to fully occupy the facility in early-2009, however, the Village of Franklin Park granted the company early temporary occupancy while the 1,500-square-foot office space was being constructed. Advance Auto Parts selected the building for its core I-294 location and highway frontage.

Dan McGillicuddy of Jones Lang LaSalle represented the tenant in this transaction.

Colliers B&K also represented Colony Realty Partners in a 26,823-square-foot new lease to Roman Inc. at 565 Fullerton Avenue, Carol Stream, Illinois.

Brian W. Kling, vice president with Colliers B&K represented Colony.

First Industrial arranges Indianapolis distribution lease CB Richard Ellis | Bradley leases Mishawaka industrial building Target plans Bloomington, Minn., warehouse Kurt Manufacturing, Inc., opens Coon Rapids, Minn., manufacturing plant Coldwell Banker Commercial announces lease renewal UGL Equis represents Team Industrial Services in 35,800 S.F. lease renewal Leaders Bank arranges refinancing for Douglas Business Center Colliers Barry brokers $6.8 million sale Z-Matrix leases 6,500 sf in Wixom, Mich. Mishawaka industrial property sells for $2.5M