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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.”
- ◦Lease
