LEASED
AIT Worldwide Logistics Signs 10-Year Lease For 370,000 SF Facility In Palatine
975 West Algonquin Road
Industrial
370,000 SF
370,000 SF
Leased 116 days ago
Summary
Lease
ILLINOIS
Industrial
370,000 sqft
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.
Details
LEASED
IMAGE: Vaughn Moore
DATE: 01/23/2024
ADDRESS: 975 West Algonquin Road
MARKET: Palatine
ASSET TYPE: Industrial ~ SF: 370,000
TENANT: Vaughn Moore (@WVaughnMoore) - AIT Worldwide Logistics
NOTE: AIT Worldwide Logistics has signed a 10-year lease for a new 370,000-square-foot facility in Palatine, consolidating its suburban Chicago operations and support staff. The location, near O'Hare International Airport, serves as a U.S. Transportation Security Administration cargo screening facility and aligns with AIT's goal of achieving net-zero carbon emissions in its buildings by 2035.View on map
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Address975 West Algonquin Road
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