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PW Spearheads Full Lease-Up of South Side Industrial
PW Commercial Real Estate – TCN Worldwide brokers Marc Hale, Ed Wabick and Terry Lynch recently represented Realterm Logistics in fully leasing its newly acquired property along 52nd Street near Pulaski on Chicago’s South Side. The 100% lease-up occurs after the repositioned property was on the market for less than a year.
The first lease was signed by a regional logistics company for the cross-dock and fleet maintenance facility located at 4100 W. 52nd St. Shortly after move-in, the tenant executed an expansion into an additional cross-dock facility located at 4043 W. 52nd St.
The second lease, signed by a national e-commerce company, was for the remaining portion of the property, located at 4131 W 52nd St. The tenant will utilize it for vehicle parking and outdoor storage.
“This property represented one of the last available large-scale truck terminals and parking facilities located in the city limits of Chicago,” said Hale.
- ◦Lease
