Computer services company’s new lease raises occupancy in Duke Realty-owned building to 72%; 83,720 SF still available for lease.
The Chicago office of Duke Realty (NYSE: DRE), the leading domestic-focused industrial property REIT (Real Estate Investment Trust) in the country, has signed a lease with Acer Service Corporation, a repair and service provider for Acer computer products, for an additional 50,570 square feet in its building located at 16508 S. John Lane Crossing in Lockport. Following Acer’s expansion, which comes just 16 months after its first lease for 166,024 square feet, the 300,494-square-foot building, known as Lockport 16508, is 72 percent occupied. The remaining 83,720 square feet is available for lease.
“We are pleased that we were able to meet Acer’s initial space needs, as well as their additional square footage requirements,” said Susan Bergdoll, Vice President of Leasing and Development for Duke Realty’s Chicago office. “This building is well-suited for Acer, as well as other companies that need convenient connections to the Chicago metro area, due to its proximity to several major interstates and the BNSF and Union Pacific intermodal yards in Elwood and Joliet. Located along I-355, the building is just five miles from I-80 and seven miles from I-55 plus is close to many convenient amenities.”
Lockport 16508 is a modern, first-class logistics facility that was delivered in 2017. The building features 32′ clear height, 54′-6″ x 50′ dock bays with 70′ staging bays, 2,400-amp, 480-volt power, an ESFR sprinkler system and numerous trailer and automobile parking spaces.
Jim Herbst with Colliers represented Acer Services Corporation in its lease, while listing agents Jason West and Sean Henrick from Cushman & Wakefield represented Duke Realty.
Parties interested in leasing the remaining 83,720 square feet of space in Lockport 16508 or other opportunities with Duke Realty in the Chicago market are invited to contact Susan Bergdoll at 847.232.5420 or Casey Grant at 847.232.5487.
About Duke Realty
In the greater Chicago area, Duke Realty owns, manages or has under development approximately 14.9 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 156 million rentable square feet of industrial assets in 20 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.