Josh Udelhofen Of Trammell Crow Company Leases 788,000 Square Feet To RJW Logistics Group
Building Size
788,000 SF
Asset Type
Industrial
Closing
Mar 3, 2026
AI
The property involved in this transaction is an industrial asset located at 26220 West 143rd Street in Plainfield, Illinois. The total area of the facility is 788,000 square feet, situated within the Plainfield Business Center. The transaction is part of the first phase of the I-55 corridor industrial project.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 26220 West 143rd Street
- Market: Plainfield
- Landlord: Josh Udelhofen - Trammell Crow Company
- Tenant: Kevin Williamson - RJW Logistics Group
- Landlord's Representative: Matt Mulvihill & Philip Deboer - CBRE
- Tenant's Representative: Dominic Carbonari - JLL
The deal represents a full-building lease signed between Trammell Crow Company and RJW Logistics Group, with significant involvement from the brokerage firms CBRE and JLL. The project developer is also planning to initiate construction for a speculative 788,000-square-foot Building 2 in Q2, as part of the broader 8 million-square-foot buildout of the campus.
Players
Market Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93