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Galena Rd, Montgomery, IL 6...

RJW Logistics Group Leases 1,200,000 SF At Karis Park West In Montgomery For 10 Years
LEASEDIndustrial

RJW Logistics Group Leases 1,200,000 SF At Karis Park West In Montgomery For 10 Years

Building Size

1,200,000 SF

Asset Type

Industrial

Closing

Apr 13, 2026

AI

The property involved in the transaction is a build-to-suit industrial facility located at the intersection of Orchard Road, Galena Road, and Caterpillar Drive in Montgomery. This asset has a total square footage of 1,200,000 and was developed by Karis Park West, thus serving as a notable addition to the local industrial landscape.

Summary of transaction details:

This lease agreement marks RJW Logistics Group as the anchor tenant, positioning them prominently within the Montgomery market. The brokerage firm JLL facilitated the transaction, representing both the landlord and tenant, thereby playing a critical role in the development of logistics capabilities in the Chicago industrial market.

Players

Dominic Carbonari

JLL

Broker

$24.5M

vol

7 deals

Broker
KW
Karis Park WestLandlord

Kevin Williamson

RJW Logistics Group

Tenant

$9.4M

vol

2 deals

Tenant

Market Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93