Chicago & Midwest + Greater Chicagoland + Industrial | May 11, 2020

CBC’s Yount Arranges Full-Building Lease

Coldwell Banker Commercial executed a full-building lease at 2601 W. College, a 200,000- square-foot warehouse facility in Normal, IL. The transaction was the largest industrial lease year-to-date in the Bloomington-Normal, IL market.

The building, which formerly housed Mitsubishi Motors, has 9,970 square feet of office space, 43 dock high doors and eight grade-level doors, and is situated on 15.92 acres with parking for 294 vehicles.

Coldwell Banker Commercial’s Greg Yount represented ownership, TSI Bloomington, LLC, in the lease transaction valued at $4.3 million. The lessee was not disclosed.

The property, which was built in 1990, is located in an Enterprise Zone. “This property with clear heights ranging from 30-35 feet and located close to Interstate highways made it attractive for distribution users,” said Yount.

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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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