Northern Builders And Affinius Capital Sign Long-Term Lease For 1,200,000 SF In Joliet, IL

The transaction involves a long-term lease of a 1,200,000 square-foot industrial facility located at 21533 Cherry Hill Road in Joliet, IL. The property is part of Cherry Hill Business Park and includes an expansion of an existing 800,000-square-foot speculative building, further enhanced by 400,000 square feet dedicated to convertible freezer-cooler space.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not disclosed
• Lease Terms: Long-term
• Landlord: Matthew J. Grusecki - Northern Builders; Affinius Capital
• Landlord's Representative: Jason West, Sean Henrick & Ryan Klink - Cushman & Wakefield
• Tenant's Representative: Adam Mitchell & Matthew Carolan - JLL

Northern Builders and Affinius Capital have engaged in a leasing agreement, with JLL's Adam Mitchell and Matthew Carolan representing the undisclosed tenant, while the landlord's interests were represented by Cushman & Wakefield’s Jason West, Sean Henrick, and Ryan Klink in this transaction.