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Chicago & Midwest  + Greater Chicagoland  + Industrial  |  May 1, 2019
Paul Bubny
By: Paul Bubny

Lee IL Brings 3PL Provider to Romeoville

Lee & Associates has closed a lease transaction for a 22,265-square-foot industrial space located at 101 Paragon Dr. in Romeoville, IL. The firm’s Terry Grapenthin, Jeff Galante and Ryan Earley represented the property’s ownership, Lakeview Realty Investors.

Traci Payette and Stephanie Park of CBRE advised the tenant, Xpedient Management Group, a full-service 3PL provider. The Coppell, TX-based Xpedient has existing locations in Illinois, along with other regions of the U.S. and Canada.

“The transaction required a lot of the function that our building could provide, but most importantly, given its 3PL nature, a deal that required a certain budget,” said Grapenthin. “Lee & Lakeview were able to come up with and provide a creative structure to accommodate the budget concerns, and therefore struck a deal with the tenant.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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