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:
- Property Type: Industrial
- Transaction Amount: Not specified
- Landlord: Karis Park West
- Tenant: Kevin Williamson - RJW Logistics Group
- Lease Term: 10-year
- Brokers: Kate Coxworth, Tara Torbik & Dominic Carbonari - JLL
- Delivery Date: May 2027
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
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