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Odyssey Logistics Signs 8-Year Lease For Office Space In Elmhurst At 333 E. Butterfield Road

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LEASED

Illinois

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Office11,000 SF
Leased 05/10/2024
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LEASED

Odyssey Logistics Signs 8-Year Lease For Office Space In Elmhurst At 333 E. Butterfield Road

333 East Butterfield Road

See Similar Deals
Office11,000 SF
Leased 05/10/2024

Summary

ILLINOIS
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:11,000 SF
Transaction Type:Lease

The office property located at 333 East Butterfield Road in Elmhurst, spanning 11,000 square feet, has been leased by Odyssey Logistics. The lease agreement entails a relocation of Odyssey's regional intermodal division headquarters from Palos Heights to Lombard, signifying the company's commitment to expanding capacity and enhancing its operational capabilities.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not provided
  • Tenant: Hans Stig Moller - Odyssey Logistics
  • Lease Term: Eight years

As part of the strategic move, Odyssey Logistics has signed an eight-year lease for 11,000 square feet at 333 East Butterfield Road, with the goal of fostering a more dynamic work environment for its team of 40 employees. The relocation to Lombard's Highland Pointe property allows Odyssey to have enhanced facilities for customer meetings, reflecting the company's anticipation of growth in the key intermodal freight movement epicenter of the U.S.

Details

LEASED
IMAGE: 05/10/2024 ADDRESS: 333 East Butterfield Road MARKET: Elmhurst ASSET TYPE: Office ~ SF: 11,000 TENANT: Hans Stig Moller - Odyssey Logistics LEASE TERM: eight-year NOTE: Odyssey Logistics has relocated its regional intermodal division headquarters to Lombard, signing an eight-year lease for 11,000 square feet at 333 E. Butterfield Road and moving in on April 26. This move from Palos Heights to a larger space reflects Odyssey's investment in expanding capacity, with enhanced facilities to host customer meetings and foster a more dynamic work environment for their team of 40 employees. Lombard's Highland Pointe property, spanning 189,000 square feet with easy access to I-88, now serves as Odyssey's operational hub in a strategic move within the Chicago area, a key epicenter for intermodal freight movement in the U.S., where the company anticipates growth as businesses embrace sustainable transportation options.

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Deal Type
Effective Rent (Annual)

$630,513.36

Total Lease Value

$6,305,133.62

Net Landlord Cash Flow$630,513.36