CHICAGO - CBRE announced Senior Vice President Dave Prioletti completed nine deals totaling over 450,000 SF in the I-88 submarket in the first half of 2013.
PanCal, 163,650 SF, Butterfield Business Center, Aurora, IL
PanCal, 88,900 SF, Butterfield Business Center, Aurora, IL
Globe Corporation, 75,063 SF, Cantera Business Center, Warrenville, IL
Wolf Creek Associates , 35,228 SF, White Oak Business Park, Aurora, IL
AG Partners, 34,600 SF, White Oak Business Park, Aurora, IL
Globe Corporation, 18,646 SF, Cantera Business Park, Warrenville, IL
ROC Companies, 16,400 SF, Meadow Lakes Business Park, Aurora, IL
Private Owner, 14,000 SF, Corporate Business Park, Aurora, IL
Wolf Creek Associates, 13,900 SF, White Oak Business Park, Aurora, IL
ROC Companies, 12,000 SF, Lisle, IL
“The activity indicates a firming in the East/West Corridor’s Industrial submarket which has led to tenants taking a proactive approach to the shrinking supply of quality space. Vacancy in I -88 is at a 6.2% uncharacteristically low for this submarket with limited new construction on the horizon.” states Mr. Prioletti, a 28-year veteran of industrial brokerage.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2012 revenue). The Company has approximately 37,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.