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Schwab Paper Products Renews Lease For 55,000-SF Industrial Building In Romeoville

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LEASED
$13

Illinois

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Industrial55,000 SF
Leased 05/22/2023
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LEASED

Schwab Paper Products Renews Lease For 55,000-SF Industrial Building In Romeoville

636 Schwab Cir, Romeoville, IL 60446

See Similar Deals
Industrial55,000 SF
Leased 05/22/2023
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Summary

ILLINOIS
Asset Type:Industrial
Price Per Square Foot:$13
Total Square Footage:55,000 SF
Transaction Type:Lease

Schwab Paper Products has renewed its lease for the entire 55,000-square-foot industrial building located at 636 Schwab Circle in Romeoville, Illinois. The property is owned by Link Logistics and the lease negotiations were facilitated by Ryan Earley of Lee & Associates, representing the landlord, and Terri Alexander of Transwestern, representing Schwab Paper Products. The lease terms are for a five-year period with an asking rent of $13.50 per square foot.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not applicable
  • Address: 636 Schwab Circle, Romeoville, IL
  • Market: Romeoville
  • Landlord: Link Logistics
  • Tenant: Schwab Paper Products
  • Landlord's Representative: Ryan Earley - Lee & Associates
  • Tenant's Representative: Terri Alexander - Transwestern
  • Asking Rent: $13.50 per square foot
  • Lease Terms: Five-year

Players

Ryan Earley
7 deals$17.6M volume(773) 355-3020
BROKER


Link Logistics Real Estate
BROKERAGE

Details

LEASED
IMAGE: Ryan Earley DATE: 05/22/2023 ADDRESS: 636 Schwab Circle MARKET: Romeoville ASSET TYPE: Industrial LANDLORD: Link Logistics (@LinkLogisticSRE) TENANT: Schwab Paper Products LANDLORD'S REP: Ryan Earley - Lee & Associates (@LeeAssociates_Chi) TENANT'S REP: Terri Alexander - Transwestern (@Transwestern) ASKING RENT: $13.50/ft. ~ SF: 55,000 LEASE TERMS: five-year NOTE: Schwab Paper Products has renewed its lease for the entire 55,000-square-foot industrial building at 636 Schwab Cir. in Romeoville, IL. Transwestern represented Schwab in the lease negotiations.

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Deal Type
Effective Rent (Annual)

$819,667.37

Total Lease Value

$8,196,673.71

Net Landlord Cash Flow$819,667.37