LaSalle Investment Renews 106,100-SF Lease At Elk Grove Village Industrial Building | 2551-2561 Allan Drive | Jonathan Kohn, Kenneth Franzese, John Cassidy, Christopher (Chris) Volkert | Industrial | Lease

Summary

Lease

ILLINOIS

Industrial

212,200 sqft

LaSalle Investment Management has renewed a lease for a 106,100-square-foot industrial building located at 2551-2561 Allan Drive in Elk Grove Village, a Chicago suburb. The property, acquired for $17.8 million in 2015, features 24-foot clear heights and offers convenient access to interstates 290 and 90. The industrial sector in Chicago has strong fundamentals, with a vacancy rate of 4.9 percent as of October.

Summary of transation details

Property Type: Industrial
Transaction Amount: Not specified
Square Footage: 106,100
Address: 2551-2561 Allan Drive
Market: Elk Grove Village

The lease transaction was between LaSalle Investment Management, represented by Mark Gabbay, as the landlord, and Logisteed America Inc., represented by Greg Kodama, as the tenant. The landlord's representatives in the deal were Christopher Volkert and Jonathan Kohn from Colliers, while the tenant was represented by John Cassidy and Kenneth Franzese from Lee & Associates.

Players

All
6

Agents
4
Agencies
2

Jonathan Kohn

Principal & Executive Vice President

$2.7M Sold

$46.7M Sold

Christopher (Chris) Volkert

Executive Vice President

Lee & Associates

Colliers International

Details

Deal Summary

LEASED

IMAGE: John Cassidy, Christopher Volkert, Kenneth Franzese, Mark Gabbay & Jonathan Kohn DATE: 12/11/2023 ADDRESS: 2551-2561 Allan Drive MARKET: Elk Grove Village ASSET TYPE: Industrial ~ SF: 106,100 LANDLORD: LaSalle Investment Management (@LaSalleIM) - Mark Gabbay TENANT: Logisteed America Inc. - Greg Kodama LANDLORD'S REP: Christopher Volkert & Jonathan Kohn - Colliers (@ColliersInternational) TENANT'S REP: John Cassidy & Kenneth Franzese (@Kennedyzese) - Lee & Associates (@LeeAssociatesRE) NOTE: LaSalle Investment Management has renewed a 106,100-square-foot lease at a 198,196-square-foot industrial building in Elk Grove Village, a Chicago suburb. The property, acquired for $17.8 million in 2015, features 24-foot clear heights and convenient access to interstates 290 and 90, amid strong fundamentals in Chicago's industrial sector with a 4.9 percent vacancy rate as of October.

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Address2551-2561 Allan Drive

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