The property involved is an industrial facility located at 1100 Toll Gate Road in Elgin, covering a total area of 248,400 square feet. It is owned by High Street Logistics Properties. This asset is positioned within the Elgin market, serving a significant role in logistics operations. Claire’s Holdings LLC has entered into a lease agreement for the entire space, which will facilitate its logistics modernization efforts.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not specified
• Address: 1100 Toll Gate Road
• Market: Elgin
• Landlord: High Street Logistics Properties
• Tenant: Ames Watson - Claire’s Holdings LLC
• Brokers: Spence Mehl - RCS Real Estate Advisors; Sam Brashler, Seth Geldzahler & Sharon Kariampuzha - JLL

The lease agreement signed by Claire’s Holdings LLC at the Elgin site aims to enhance omnichannel fulfillment and improve speed-to-store delivery, aligning with the company's strategic logistics initiatives. The representation for the transaction involved Spence Mehl, who represented RCS Real Estate Advisors, alongside the team of Sam Brashler, Seth Geldzahler, and Sharon Kariampuzha from JLL.