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Blau & Berg Company Facilitates Lease For 197K SF Industrial Space In Franklin Park

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LEASED
Jason Crimmins
Alessandro Conte
Peter Murano
+ 2

Illinois

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Industrial197,000 SF
Leased 01/22/2024
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LEASED

Blau & Berg Company Facilitates Lease For 197K SF Industrial Space In Franklin Park

3720 Des Plaines River Road

See Similar Deals
Industrial197,000 SF
Leased 01/22/2024
Jason Crimmins
Alessandro Conte
Peter Murano
+ 2
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:197,000 SF
Transaction Type:Lease

A freight logistics company has leased almost 200,000 square feet of industrial space in Franklin Park, Illinois. The deal was facilitated by The Blau & Berg Co, a Short Hills-based team. The company secured the space from Prologis Inc, allowing them to expand their operations in the Midwest. The facility features 77 docks and 30-foot clear ceiling heights.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 3720 North River Road, Franklin Park, Illinois
  • Market: Franklin Park
  • Square Footage: 197,000

The landlord of the industrial space is Hamid R. Moghadam, who represents Prologis Inc. The landlord's representative in this deal is Calum Payne from CBRE. On the tenant's side, Alessandro Conte, Jason Crimmins, and Peter Murano represent the freight logistics company. They are from The Blau & Berg Company.

Players

Peter Murano
The Blau & Berg Company
Peter Murano
9 deals
BROKER
Jason Crimmins
The Blau & Berg Company
Jason Crimmins
9 deals
BROKER
Alessandro Conte
The Blau & Berg Company
Alessandro Conte
7 deals
BROKER
Calum Payne
CBRE
Calum Payne
7 deals$6.2M volume(847) 706-4995
BROKER
Hamid Moghadam
Prologis
Hamid Moghadam
51 deals$2.6B volume
LANDLORD

Details

LEASED
IMAGE: Calum Payne, Alessandro Conte, Hamid R. Moghadam, Jason Crimmins & Peter Murano DATE: 01/22/2024 ADDRESS: 3720 North River Road MARKET: Franklin Park ASSET TYPE: Industrial ~ SF: 197,000 LANDLORD: Hamid R. Moghadam - Prologis (@Prologis) LANDLORD'S REP: Calum Payne - CBRE (@CBRE) TENANT'S REP: Alessandro Conte, Jason Crimmins (@JmCrimmins) & Peter Murano (@MuranoPeter) - The Blau & Berg Company (@TheBlauBergCompany) NOTE: A freight logistics company, undisclosed in the announcement, has leased almost 200,000 square feet of industrial space in Franklin Park, Illinois, through a deal facilitated by The Blau & Berg Co. The Short Hills-based team secured the space from Prologis Inc., enabling the company to expand in the Midwest with a facility featuring 77 docks and 30-foot clear ceiling heights.

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Deal Type
Effective Rent (Annual)

$11,291,921.12

Total Lease Value

$112,919,211.22

Net Landlord Cash Flow$11,291,921.12