Velky Brands will occupy 50% of 56 N. Paragon, a 150,000 SF speculatively developed building.
The Chicago office of Duke Realty Corporation (Duke Realty), the nation’s leading pure-play, domestic-only, industrial property REIT (Real Estate Investment Trust), announces that it recently signed a 75,232-square-foot lease with Velky Brands, a national e-commerce retailer, in 56 N. Paragon in Romeoville. With this lease, the 150,000-square-foot industrial building, which was developed on a speculative basis and delivered in July 2017, is 50 percent leased.
“We are pleased to welcome Velky Brands as a new Duke Realty tenant in Chicago,” said Susan Bergdoll, Vice President, Leasing and Development for Duke Realty’s Chicago properties. “This new building is ideally located for product distribution and order fulfillment because of its proximity and access to I-55, I-80 and I-355, providing convenient connections to the Chicago metro area as well as the entire Midwest.”
Listing agents Sean Henrick and Jason West from Cushman & Wakefield and Casey Baird, Leasing Representative, represented Duke Realty in the lease.
Parties interested in leasing the remaining space in 56 N. Paragon or other opportunities with Duke Realty in the Chicago market are invited to contact Susan Bergdoll at 847.232.5420 or Casey Baird at 847.232.5487.
About Duke Realty
In the greater Chicago area, Duke Realty owns, manages or has under development approximately 14.3 million square feet of industrial properties and has strategic land positions available for future development. Duke Realty’s local offices are located at 1301 West 22nd Street, Suite 800, Oak Brook, Illinois, 60523. The office phone number is 847.232.5400.
On a nationwide basis, Duke Realty owns, maintains an interest in or has under development approximately 146 million rentable square feet of industrial assets, in 21 major U.S. logistics markets. Duke Realty Corporation is publicly traded on the NYSE under the symbol DRE and is listed on the S&P 500. More information about Duke Realty is available at www.dukerealty.com. Duke Realty also can be followed on Twitter, LinkedIn, Facebook and YouTube.