Chicago & Midwest + Greater Chicagoland + Industrial | January 6, 2021

3PL Provider Commits to 500K SF with Elion

Lee & Associates negotiated a long-term lease transaction for a 500,000-square-foot build to suit at 30260 Graaskamp Blvd. in Wilmington, IL. The new industrial building will be part of the 2,500-acre, rail-served Elion Logistics Park 55 in Will County.

Walter Murphy, principal at Lee & Associates’ Illinois office, represented the tenant, Dynamic 3PL. CBRE’s Jeffrey Kapcheck and Jason Lev represented the owner/developer, Elion Logistics Partners.

“We searched every inch of the I-80/I-55 corridors and this location proved to be the most viable,” said Murphy. “The TIF incentive was monumental in creating an attractive gross rent for my client while retaining great access to the intermodals and expressways. The entire ELP team was extremely responsive and worked with us like business partners.”

A full-service logistics provider, Dynamic 3PL is headquartered in Joliet.

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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 13-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 15-20 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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