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Chicago & Midwest  + Greater Chicagoland  + Industrial  | 

Schwab Paper Products Renews Full-Building Romeoville Lease

Schwab Paper Products signed a five-year, 55,000-square-foot lease renewal at 636 Schwab Cir., an industrial building in Romeoville, IL, where it occupies the entire building. Transwestern EVP Terri Alexander represented Schwab Paper Products in leasing negotiations. Owner Link Logistics was represented by Lee & Associates principal Ryan Earley.

The tenant, a manufacturer and converter of packaging materials, previously owned the building, and Transwestern represented Schwab in its sale/leaseback. Transwestern also assisted in several sublease negotiations for Schwab within the building. 

“Tenants are experiencing a difficult time in the market, especially for renewals,” said Alexander. “With market rents dramatically increasing, tenants are experiencing sticker shock at renewal rates. While it was possible to find opportunities with lower rent, the cost of improvements and move costs ultimately became determining factors in the lease renewal.”  

As a manufacturing building, 636 Schwab Cir. features thicker floors, distributed electric, food-grade improvements and an upgraded HVAC system.

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Inside The Story

Transwestern's Alexander

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 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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