GenCorr Packaging Expands Lease At Retail Property In Alsip, Chicago

The property at 12500 S Lombard Ln, Chicago, IL is a retail asset located in Alsip. The building, owned by Welbic IV Alsip 12500, LLC, spans 86,200 square feet. GenCorr Packaging, the tenant, renewed and expanded its lease within the building, now occupying a total of 70,500 square feet. The location features 20-foot clear height ceilings, twelve interior docks, and four drive-in doors. Additionally, there is ample parking and space for outdoor storage, built in 1979, and it is conveniently situated one mile from a full interchange onto I-294, facilitating easy transportation of goods across the city and country.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: Not specified
• Landlord's Rep: Todd Hendricks (Lee & Associates)
• Tenant: GenCorr Packaging
• Square Feet: 70,500

Darwin Realty/CORFAC International Associates, Todd Hendricks, and Sam Lepore represented the building owner, Welbic IV Alsip 12500, LLC, in the negotiation of the lease renewal and expansion. Speedwagon Properties is a partner in Welbic IV Alsip 12500, LLC. Avison Young's Chris Lydon and Zeke Rowan acted as the tenant representatives, facilitating GenCorr Packaging's second expansion within the property. This deal showcases the collaborative efforts of various real estate ventures and brokerage firms to facilitate the lease renewal and expansion.