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Thinnes Transport Renews 91K SF Lease At 450 Congress Parkway In Crystal Lake

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LEASED
Kenneth Franzese
John Cassidy
+ 2

Illinois

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Industrial91,267 SF
Leased 12/10/2023
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Property Image
LEASED

Thinnes Transport Renews 91K SF Lease At 450 Congress Parkway In Crystal Lake

450 Congress Parkway

See Similar Deals
Industrial91,267 SF
Leased 12/10/2023
Kenneth Franzese
John Cassidy
+ 2
Contact now

Summary

ILLINOIS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:91,267 SF
Transaction Type:Lease

A 91,267-square-foot lease renewal has been secured for Thinnes Transport at 450 Congress Parkway in Crystal Lake, Illinois. The industrial property, located in the Crystal Lake market, is owned by STAG Industrial Holdings and has been chosen by Thinnes Transport due to its valuable infrastructure.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 450 Congress Parkway, Crystal Lake, Illinois
  • Market: Crystal Lake
  • Square Footage: 91,267

Thinnes Transport, Inc, a family-owned logistics company, has decided to remain in its current location due to the building's infrastructure value. The lease renewal deal was facilitated by John Cassidy, John M. Joyce, and Kenneth Franzese of Lee & Associates, who were the representatives for Thinnes Transport. Representing the landlord, STAG Industrial Holdings, was Daniel T. Jones of Entre Commercial Realty.

Note: The lease renewal was secured with the assistance of Lee & Associates, as Thinnes Transport opted to stay in its current location because of the building's infrastructure value. Dan Jones of Entre Commercial represented the landlord, STAG Industrial Holdings, in the deal.

Players

Kenneth Franzese
14 deals$9.2M volume(847) 456-4213
BROKER

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

John M. Joyce
Lee & Associates
2 deals$2.7M volume(847) 612-0464
BROKER

Daniel T. Jones
Entre Commercial Realty
7 deals$1.5M volume(847) 310-4299
BROKER

Benjamin Butcher
Stag Industrial
7 deals$217.9M volume
LANDLORD

LANDLORD

Details

LEASED
IMAGE: John Cassidy, Benjamin Butcher, Kenneth Franzese, Daniel T. Jones & John M. Joyce DATE: 12/10/2023 ADDRESS: 450 Congress Parkway MARKET: Crystal Lake ASSET TYPE: Industrial ~ SF: 91,267 LANDLORD: STAG Industrial Holdings - Benjamin Butcher TENANT: Thinnes Transport, Inc - Bonnie Thinnes (@Bat5501) TENANT'S REP: John Cassidy, John M. Joyce & Kenneth Franzese (@Kennedyzese) - Lee & Associates (@LeeAssociatesRE) BROKER: Daniel T. Jones - Entre Commercial Realty NOTE: Lee & Associates helped secure a 91,267-square-foot lease renewal for Thinnes Transport at 450 Congress Parkway in Crystal Lake, Illinois. The family-owned logistics company opted to stay in its current location due to the building's infrastructure value, with Dan Jones of Entre Commercial representing the landlord, STAG Industrial Holdings.

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Deal Type
Effective Rent (Annual)

$5,231,369.37

Total Lease Value

$52,313,693.66

Net Landlord Cash Flow$5,231,369.37