BLOOMINGDALE, Ill. – February 26, 2014 – (RealEstateRama) — & Associates, the largest broker-owned commercial real estate firm in the country, has negotiated a 10-year, $5 million lease for a 110,063-square-foot industrial property located at 171 Covington Drive in Bloomingdale, Ill.
John Cassidy, Ken Franzese and John Sharpe, all principals of Lee & Associates’ Illinois office, represented the landlord, Venture One. The tenant, Compass Group, was represented by Matt Mulvihill of CB Richard Ellis, Inc.
“This versatile industrial property is well-positioned for the tenant, as it boasts numerous amenities, including eight conference rooms, a modern employee cafeteria and an additional 11,800 square feet of mezzanine storage in a central location that offers easy access to numerous transit options,” said Cassidy. “Additionally, the proximity to the bustling Chicago marketplace was a key attraction for Compass Group, who plans on utilizing the property as a warehouse and distribution facility for food products, as well as maintenance and storage facility for vending machines.”
Celebrating more than 34 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in the nation, with 49 locations across the nation including California, Arizona, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Maryland, Michigan, Missouri, Nevada, New Jersey, New York, South Carolina, Texas, and Wisconsin that house more than 750 brokers, Lee & Associates provides a wide range of specialized commercial real estate services. Additional information is available at www.lee-associates.com