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Cabot Properties Leases 64,624 SF Industrial Space To Premier Handling Solutions In Elgin

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LEASED

Illinois

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Industrial64,624 SF
Leased 06/08/2026
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LEASED

Cabot Properties Leases 64,624 SF Industrial Space To Premier Handling Solutions In Elgin

2801 Alft Lane

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Industrial64,624 SF
Leased 06/08/2026
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Summary

ILLINOIS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:64,624 SF
Transaction Type:Lease

The asset involved in this transaction is an industrial property located at 2801 Alft Lane in Elgin, Illinois. The total square footage of the property is 64,624, and it is under the management of Cabot Properties.

Summary of transaction details:

This lease transaction secured full occupancy for Cabot Properties at their industrial building with Premier Handling Solutions. The deal was part of a long-term relocation that enhances the tenant's manufacturing and storage capabilities, facilitated by brokers Jay Farnam for the tenant and John Cassidy and Ken Franzese for the landlord.

Players

Kenneth Franzese
14 deals$9.2M volume(847) 456-4213
BROKER

John Cassidy
Lee & Associates
19 deals$54.4M volume(312) 371-0098
BROKER

Jay Farnam
Lee & Associates
7 deals$18.7M volume(773) 355-3029
BROKER

Cabot Properties
LANDLORD

Details

LEASED
IMAGE: John Cassidy, Kenneth Franzese & Jay Farnam DATE: 06/08/2026 ADDRESS: 2801 Alft Lane MARKET: Elgin, IL ASSET TYPE: Industrial ~ SF: 64,624 LANDLORD: Cabot Properties TENANT: Premier Handling Solutions BROKERS: John Cassidy, Kenneth Franzese (@Kennedyzese) & Jay Farnam - Lee & Associates (@LeeAssociatesRE) NOTE: Cabot Properties secured full occupancy of its 2801 Alft Lane industrial building in Elgin, Illinois, after a 64,624-square-foot lease to Premier Handling Solutions, arranged by Lee & Associates.The tenant was represented by Lee & Associates’ Jay Farnam, while John Cassidy and Ken Franzese represented Cabot Properties, completing a long-term relocation deal that expands manufacturing and storage capacity for the supply-chain equipment firm.

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Deal Type
Effective Rent (Annual)

$3,704,208.68

Total Lease Value

$37,042,086.83

Net Landlord Cash Flow$3,704,208.68