Matthew Stauber And Thomas Rodeno Of Colliers Lease Industrial Property To Apex In Franklin Park

The property involved in the lease transaction is an industrial asset located at 3701 Centrella Street in Franklin Park, Illinois. The facility, totaling 106,848 square feet, is Class A new construction owned by Morgan Stanley. Situated across the street from O’Hare International Airport, the property offers easy access to the I-294/I-90 interchange.

Summary of transation details:

• Property Type: Industrial
• Transaction Amount: Not specified
• Address: 3701 Centrella St, Franklin Park, IL
• Tenant: Apex
• Landlord: Morgan Stanley

The lease transaction at 3701 Centrella Street was facilitated by Matthew Stauber and Thomas Rodeno from Colliers International. The tenant, Apex, will be moving to the new facility on March 1, expanding their space from 32,000 to 107,000 square feet. The involvement of Colliers International in this deal is part of a larger trend in the Chicago industrial real estate market, with vacancy rates currently at historic lows.