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UVA Distributors Renews & Expands Lease At Fox River Business Center In Elgin

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LEASED
Kenneth Franzese
John Cassidy
+ 1

Illinois

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Industrial106,120 SF
Leased 04/26/2024
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Property Image
LEASED

UVA Distributors Renews & Expands Lease At Fox River Business Center In Elgin

300 Airport Road

See Similar Deals
Industrial106,120 SF
Leased 04/26/2024
Kenneth Franzese
John Cassidy
+ 1
Contact now

Summary

ILLINOIS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:106,120 SF
Transaction Type:Lease

The industrial property at 300 Airport Road in Elgin, known as Fox River Business Center, was the site of a lease renewal and expansion transaction involving UVA Distributors, a wine and spirits distributor. The property, built in 2010, spans 176,799 square feet with a clear height of 30 feet. UVA Distributors renewed their existing 46,130 square feet unit and expanded by an additional 59,990 square feet.

Summary of transaction details:

The lease renewal and expansion deal at 300 Airport Road in Elgin was facilitated by Jeff Janda, John Cassidy, and Kenneth Franzese of Lee & Associates representing the owner, LINK Logistics. On the other side, Mike Berkowitz of Entre Commercial Realty assisted UVA Distributors in the transaction, ensuring a successful negotiation for the lease agreement.

Players

Jeffrey (Jeff) Janda
27 deals$27.2M volume(847) 736-7338
BROKER

Kenneth Franzese
Lee & Associates
15 deals$9.2M volume(847) 456-4213
BROKER

John Cassidy
Lee & Associates
20 deals$54.4M volume(312) 371-0098
BROKER

Details

LEASED
IMAGE: 04/26/2024 ADDRESS: 300 Airport Road MARKET: Elgin ASSET TYPE: Industrial ~ SF: 106,120 LANDLORD: Luke J. Petherbridge - LINK Logistics TENANT: UVA Distributors LANDLORD'S REP: Jeffrey (Jeff) Janda, John Cassidy & Kenneth Franzese - Lee & Associates TENANT'S REP: Michael Berkowitz - Entre Commercial Realty NOTE: Lee & Associates facilitated a lease renewal and expansion totaling 106,120 square feet at 300 Airport Road in Elgin for UVA Distributors, a wine and spirits distributor. The lease includes UVA's current unit of 46,130 square feet plus a 59,990-square-foot expansion. Kenneth Franzese, John Cassidy, and Jeff Janda of Lee & Associates represented the owner, LINK Logistics, while Mike Berkowitz of Entre Commercial represented the tenant. The property, known as Fox River Business Center, was built in 2010 and spans 176,799 square feet with a clear height of 30 feet.

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Deal Type
Effective Rent (Annual)

$6,082,734.36

Total Lease Value

$60,827,343.63

Net Landlord Cash Flow$6,082,734.36