39,706 SF WAREHOUSE LEASE SIGNED AT CROSSINGS BUSINESS CENTER IN BOLINGBROOK, ILL
August 27, 2007
(Chicago – August 27, 2007) Tim Thompson, executive vice president and managing director, HSA Commercial Real Estate’s industrial brokerage division, has negotiated a 39,706-square-foot lease on behalf of ownership with 1-800-Pack-Rat in the Crossings Business Center at 386 Internationale Drive, Bolingbrook, Ill.
Crossings Business Center is a two-building, 352,700-square-foot multi-tenant industrial facility jointly developed and owned by HSA and ML Realty Partners. It was specifically designed to fill a market need for small to medium sized users of industrial and warehouse space along the I-55 corridor. With this lease the project is now 88% leased. Thompson is the exclusive leasing agent for ownership.
1-800-Pack-Rat is a fast growing storage and moving company founded in North Carolina by Tim Lockamy. The company provides specially designed portable storage systems to clients who are moving. After the portable storage system is packed by the customer, it is loaded onto a specially designed lift truck and delivered to the new location or storage unit. The company is expanding throughout the United States at a rapid pace and is now headquartered in Washington, D. C., and is a joint venture with Waste Management, Inc.
1-800-Pack-Rat was represented in this transaction by Kent Sandstedt of GVA Williams and Connor Faught of GVA Advantis.
ML Realty Partners invests in industrial and office real estate through acquisition and development, with a particular focus on metropolitan Chicago and Texas real estate.
Celebrating 26 years of excellence in commercial real estate, Chicago-based HSA Commercial Real Estate is a full-service real estate firm specializing in office, industrial, retail and health care real estate leasing, management, marketing, development and financing on a national basis. The firm and its principals have developed and acquired more than 30 million square feet of commercial real estate across the United States with total consideration in excess of $1.5 billion, its brokerage divisions have completed more than 7,000 transactions in 43 states representing both owners and tenants, while the asset management division currently manages a property portfolio in excess of 15 million square feet in 12 states and the firm presently owns over 17 million square feet of commercial property in 14 states.
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