Duke Realty signed a lease with Acer Service Corporation for an additional 50,570 square feet at 16508 S. John Lane Crossing in Lockport, IL. The expansion comes 16 months after Acer’s first lease for 166,024 square feet, and brings the property, known as Lockport 16508, to 72% occupancy.
“This building is well-suited for Acer, as well as other companies that need convenient connections to the Chicago metro area, due to its proximity to several major interstates and the BNSF and Union Pacific intermodal yards in Elwood and Joliet,” said Duke Realty’s Susan Bergdoll.
”Located along I-355, the building is just five miles from I-80 and seven miles from I-55, plus is close to many convenient amenities.”
Colliers International’s Jim Herbst represented Acer in the lease. The property’s listing agents, Jason West and Sean Henrick from Cushman & Wakefield, represented Duke Realty.
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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