Colliers Completes Lease-Up at Elk Grove Spec Industrial
Colliers Chicago’s Jonathan Kohn and Ron Behm have completed the lease-up of Chancellory Lakes Distribution Center, a two-building, 162,342-square-foot industrial development in Elk Grove Village, IL, on behalf of Seefried Industrial Properties and Nuveen Real Estate.
Csafe Global and Panos Foods signed for 23,114 and 56,176 square feet, respectively, at 202 E. Devon Ave., while JAS Forwarding USA leased the entire 83,052-square-foot building at 222 E. Devon Ave.
The leases mark the completion of a multi-year project by the Colliers duo that began with a land assemblage of six residential properties. Seefried acquired the 8.82-acre land site in May 2020 and subsequently broke ground on the speculative development, which was completed this past March.
“This was a complicated project that included a change in zoning,” said Behm. “Seefried worked closely with Elk Grove Village to formulate an excellent development for the site that attracted several users.”
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).