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Chicago & Midwest  + Greater Chicagoland  + Industrial  |  January 2, 2019
Paul Bubny
By: Paul Bubny

Lee Illinois Arranges Two Elgin Industrial Deals

Lee & Associates recently closed two industrial lease transactions totaling 202,750 square feet in Elgin, IL’s Northwest Corporate Park on behalf of owner Stockbridge Capital Group. EVP Steve Bass and principal John Sharpe of Lee’s Illinois office arranged both deals.

At 2414 Galvin Dr. (pictured), Giant Bicycle Inc. expanded its footprint by 50,000 square feet and renewed with a lease totaling 180,302 square feet. Cushman & Wakefield’s Al Caruana and Britt Casey represented the tenant.

Caruana also represented Essentra Plastics in a long-term lease of 22,448 square feet at Stockbridge’s 2530 Vantage Dr.

“Northwest Corporate Park continues to be a preferred destination for distribution users seeking quality, high image buildings with outstanding access to I-90,” Bass said. “Expanding and renewing a longtime tenant, Giant Bicycle, and adding new tenant Essentra Plastics to their portfolio was a great way to finish up a stellar 2018 for Stockbridge and NWCP.”


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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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