AIT Worldwide Logistics Signs 10-Year Lease For 370,000 SF Facility In Palatine

AIT Worldwide Logistics has signed a 10-year lease for a new 370,000-square-foot industrial facility in Palatine. The property, located at 975 West Algonquin Road, will serve as a U.S. Transportation Security Administration cargo screening facility and is in close proximity to O'Hare International Airport. This lease allows AIT to consolidate its suburban Chicago operations and support staff in a strategic location that aligns with their goal of achieving net-zero carbon emissions in its buildings by 2035.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not applicable
• Address: 975 West Algonquin Road, Palatine
• Market: Palatine
• Square Footage: 370,000

Vaughn Moore of AIT Worldwide Logistics represented the tenant in this lease deal.