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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