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Prologis Leases 38169 Square Feet Industrial Space To Commercial Stainless Services Inc In Itasca

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LEASED
Jeffrey (Jeff) Janda
Calvin Gunn
Christopher (Chris) Nelson

Illinois

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Industrial38,169 SF
Leased 07/15/2024
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LEASED

Prologis Leases 38169 Square Feet Industrial Space To Commercial Stainless Services Inc In Itasca

1401 Glenlake Avenue

See Similar Deals
Industrial38,169 SF
Leased 07/15/2024
Jeffrey (Jeff) Janda
Calvin Gunn
Christopher (Chris) Nelson
the dealplayerscompscontact
Contact now

Summary

ILLINOIS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:38,169 SF
Transaction Type:Lease

The property asset involves a 38,169-square-foot industrial building located at 1401 Glenlake Avenue in the Itasca market. This facility is strategically situated near O'Hare International Airport and provides access to major interstates, making it suitable for commercial operations.

Summary of transaction details:

Lee & Associates represented both the landlord, Prologis, and the tenant, Commercial Stainless Services, Inc. in this lease transaction. The tenant is relocating its operations from Elk Grove Village to the newly leased facility.

Players

Jeffrey (Jeff) Janda
Lee & Associates
Jeffrey Janda
27 deals$27.2M volume(847) 736-7338
BROKER
Calvin Gunn
Lee & Associates
Calvin Gunn
4 deals(847) 254-3441
BROKER
Christopher (Chris) Nelson
Lee & Associates
Christopher Nelson
15 deals$44M volume(773) 655-5689
BROKER

Details

LEASED
IMAGE: Jeffrey Janda, Hamid Moghadam, Calvin Gunn & Christopher Nelson DATE: 07/15/2024 ADDRESS: 1401 Glenlake Avenue MARKET: Itasca ASSET TYPE: Industrial ~ SF: 38,169 LANDLORD: Hamid Moghadam - Prologis (@Prologis) TENANT: Commercial Stainless Services, Inc. BROKERS: Calvin Gunn, Christopher Nelson & Jeffrey Janda - Lee & Associates (@LeeAssociatesRE) NOTE: Lee & Associates facilitated a 38,169-square-foot lease for a new industrial building at 1401 Glenlake Avenue in Itasca, representing both landlord Prologis and tenant Commercial Stainless Services, Inc. The facility, strategically located near O'Hare International Airport with access to major interstates, will serve as the company's new home, relocating from Elk Grove Village. (Jeff)Janda

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Deal Type
Effective Rent (Annual)

$2,187,824.05

Total Lease Value

$21,878,240.47

Net Landlord Cash Flow$2,187,824.05