Dermody Properties Leases 376,503 Square Feet In Glenview, Illinois To LSL Industries And S&C Electric

The asset involved in this transaction is an industrial property located at 2551 & 2601 Protection Parkway in Glenview, Illinois. The total square footage of the property is 376,503, which is part of The Logistics Campus near O’Hare International Airport.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not specified
• Address: 2551 & 2601 Protection Parkway
• Market: Glenview, IL
• Landlord: Douglas Kiersey Jr. - Dermody Properties
• Tenant: LSL Industries LLC and S&C Electric Co.
• Brokers: Suzanne Serino, Jonathan Kohn & Christopher Volkert - Colliers; Sam Badger & David Prell - CBRE; Sally Macoicz, Matthew Saddler & Christopher Johnke - Cushman & Wakefield

This transaction involved Dermody Properties signing two industrial leases, with LSL Industries taking 81,225 square feet and S&C Electric leasing the entire 295,278-square-foot Building 5. The overall development plan for The Logistics Campus is projected to exceed 3.2 million square feet across ten buildings, with three spaces still available for lease.