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Lee & Associates Brokers 210K SF Industrial Lease In Melrose Park

Property Image
LEASED
Colin Green
Jeffrey Provenza

Illinois

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Industrial210,524 SF
Leased 03/15/2024
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Property Image
LEASED

Lee & Associates Brokers 210K SF Industrial Lease In Melrose Park

2424 Armitage Avenue

See Similar Deals
Industrial210,524 SF
Leased 03/15/2024
Colin Green
Jeffrey Provenza
the dealplayerscompscontact
Contact now

Summary

ILLINOIS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:210,524 SF
Transaction Type:Lease

An industrial building spanning 210,524 square feet located at 2424 Armitage Avenue in Melrose Park was leased in a recent transaction. The property boasts a prime location in the Melrose Park market, ideal for industrial purposes.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 2424 Armitage Avenue
  • Market: Melrose Park
  • Size: 210,524 square feet

The lease deal was successfully brokered by Jeffrey Provenza of Lee & Associates and Colin Green of CBRE. Provenza represented the tenant, CCS Contractor Equipment & Supply LLC, while Green served as the landlord's representative, representing Armitage 2525 LLC. Provenza highlighted the advantage of Melrose Park's labor force, making it an attractive location for his client.

Players

Colin Green
CBRE
Colin Green
3 deals$5.7M volume
BROKER
Jeffrey Provenza
Lee & Associates
Jeffrey Provenza
4 deals$6.4M volume(630) 747-6350
BROKER

Details

LEASED
IMAGE: Jeffrey Provenza & Colin Green DATE: 03/15/2024 ADDRESS: 2424 Armitage Avenue MARKET: Melrose Park ASSET TYPE: Industrial ~ SF: 210,524 LANDLORD: Armitage 2525 LLC TENANT: CCS Contractor Equipment & Supply LLC LANDLORD'S REP: Colin Green - CBRE (@CBRE) TENANT'S REP: Jeffrey Provenza (@Provenza34) - Lee & Associates (@LeeAssociatesRE) NOTE: Lee & Associates brokers a lease for a 210,524-square-foot industrial building in Melrose Park to CCS Contractor Equipment & Supply LLC, with Jeff Provenza representing the tenant and Colin Green of CBRE representing the owner, Armitage 2525 LLC. Provenza emphasizes Melrose Park's favorable labor force for his client

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Deal Type
Effective Rent (Annual)

$12,067,108.64

Total Lease Value

$120,671,086.41

Net Landlord Cash Flow$12,067,108.64