{"id":1004315648,"date":"2019-04-11T03:08:17","date_gmt":"2019-04-11T11:08:17","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004315648"},"modified":"2019-04-11T07:13:59","modified_gmt":"2019-04-11T15:13:59","slug":"old-world-industries-leases-354-ksf-warehouse-in-il","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/old-world-industries-leases-354-ksf-warehouse-in-il\/","title":{"rendered":"Old World Industries Leases 354 KSF Warehouse in Chicago Suburb"},"content":{"rendered":"<div id=\"attachment_1004315702\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/Crossroads-Parkway-605.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004315702\" data-attachment-id=\"1004315702\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/old-world-industries-leases-354-ksf-warehouse-in-il\/crossroads-parkway-605\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/Crossroads-Parkway-605.jpg\" data-orig-size=\"624,484\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Chris Bucher&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Crossroads Parkway 605\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Crossroads Parkway 605. &lt;i&gt;Image courtesy of Duke Realty&lt;\/i&gt;&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/Crossroads-Parkway-605.jpg?w=624\" class=\"wp-image-1004315702 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/Crossroads-Parkway-605.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/Crossroads-Parkway-605.jpg 624w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/Crossroads-Parkway-605.jpg?resize=300,233 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004315702\" class=\"wp-caption-text\">Crossroads Parkway 605. <i>Image courtesy of Duke Realty<\/i><\/p><\/div>\n<p>Duke Realty Corp. has leased out an entire 354,400-square-foot industrial building in the Chicago suburb of Bolingbrook to Old World Industries, the maker of PEAK motor oil and lubricants. The automotive and chemical firm will occupy Crossroads Parkway 605, one of 14 buildings in the area owned by the listed industrial property REIT.<\/p>\n<p>Sited at 605 W. Crossroads Parkway in Bolingbrook,&nbsp;southwest of Chicago on Interstate 55, the one-story, Class A warehousing and distribution facility was built in 1999, according to Yardi Matrix. Duke Realty bought the asset in 2011 from TA Realty, which acquired it from Lincoln Financial group in 2003.<\/p>\n<p>Cushman &amp; Wakefield\u2019s Britt Casey represented Old World Industries in the lease, while NAI Hiffman\u2019s Jeff Fischer and John Whitehead represented Duke Realty as listing agent.<\/p>\n<h2>I-55 corridor heats up<\/h2>\n<p>The Chicago industrial market registered 4.7 million square feet of net absorption in the fourth quarter of 2018 and 15.7 million square feet for the year, <a href=\"https:\/\/www.commercialsearch.com\/news\/industrial-market-still-going-strong\/\">according to research by Transwestern<\/a>. Average asking rents grew by 4.1 percent annually and there was 20.1 million square feet of inventory under construction.<\/p>\n<p>The I-55 corridor is particularly active, with 14.6 million square feet of new industrial space delivered since 2013, according to research by Colliers International. The submarket is 70 percent leased as of the first quarter. Duke Realty&nbsp;owns 14 buildings totaling&nbsp;4.3 million square feet in the&nbsp;area.<\/p>\n<p>Further north in Lake County, High Street Realty Co. recently&nbsp;<a href=\"https:\/\/www.commercialsearch.com\/news\/transwestern-sells-2-lake-county-logistics-buildings\/\">bought a warehouse and manufacturing facility<\/a> totaling 108,554 square feet in Libertyville and Lake Bluff, respectively. Transwestern Investment Group sold the fully occupied properties on behalf of Diversified International Partners.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Duke Realty signed up the maker of PEAK motor oil for a 354,400-square-foot lease at the facility in Bolingbrook, Ill.<\/p>\n","protected":false},"author":744,"featured_media":1004315702,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,1491,21743,21748,13,21742],"tags":[32763,32799,33010,33414,33313],"class_list":["post-1004315648","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-chicago","category-deals","category-industrial","category-midwest","category-latest","tag-colliers-international","tag-cushman-wakefield","tag-duke-realty-corporation","tag-nai-hiffman","tag-transwestern"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Old World Industries Leases 354 KSF Warehouse in Chicago Suburb - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/old-world-industries-leases-354-ksf-warehouse-in-il\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Old World Industries Leases 354 KSF Warehouse in Chicago Suburb\" \/>\n<meta property=\"og:description\" content=\"Duke Realty signed up the maker of PEAK motor oil for a 354,400-square-foot lease at the facility in Bolingbrook, Ill.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/old-world-industries-leases-354-ksf-warehouse-in-il\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-04-11T11:08:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-04-11T15:13:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/Crossroads-Parkway-605.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"624\" \/>\n\t<meta property=\"og:image:height\" content=\"484\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Greg Isaacson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/old-world-industries-leases-354-ksf-warehouse-in-il\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/old-world-industries-leases-354-ksf-warehouse-in-il\/\",\"name\":\"Old World Industries Leases 354 KSF Warehouse in Chicago Suburb - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/old-world-industries-leases-354-ksf-warehouse-in-il\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/old-world-industries-leases-354-ksf-warehouse-in-il\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/Crossroads-Parkway-605.jpg\",\"datePublished\":\"2019-04-11T11:08:17+00:00\",\"dateModified\":\"2019-04-11T15:13:59+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1a92010198045e41b0b801129a41b3d8\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/old-world-industries-leases-354-ksf-warehouse-in-il\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/old-world-industries-leases-354-ksf-warehouse-in-il\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/old-world-industries-leases-354-ksf-warehouse-in-il\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/Crossroads-Parkway-605.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/Crossroads-Parkway-605.jpg\",\"width\":624,\"height\":484,\"caption\":\"Crossroads Parkway 605. Image courtesy of Duke Realty\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/old-world-industries-leases-354-ksf-warehouse-in-il\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Old World Industries Leases 354 KSF Warehouse in Chicago Suburb\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1a92010198045e41b0b801129a41b3d8\",\"name\":\"Greg Isaacson\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/c3761131a0fc41d60a369af57b00072d7482135ec1ca68c0df952bda4d027fc7?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/c3761131a0fc41d60a369af57b00072d7482135ec1ca68c0df952bda4d027fc7?s=96&d=mm&r=g\",\"caption\":\"Greg Isaacson\"},\"description\":\"Greg Isaacson is a Senior Associate Editor with Commercial Property Executive and Multi-Housing News. He has been writing about the real estate industry in the U.S. and Asia Pacific since 2014. Connect with him on Twitter: @gregisaacson\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/gregisaacson\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Old World Industries Leases 354 KSF Warehouse in Chicago Suburb - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/old-world-industries-leases-354-ksf-warehouse-in-il\/","og_locale":"en_US","og_type":"article","og_title":"Old World Industries Leases 354 KSF Warehouse in Chicago Suburb","og_description":"Duke Realty signed up the maker of PEAK motor oil for a 354,400-square-foot lease at the facility in Bolingbrook, Ill.","og_url":"https:\/\/www.commercialsearch.com\/news\/old-world-industries-leases-354-ksf-warehouse-in-il\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2019-04-11T11:08:17+00:00","article_modified_time":"2019-04-11T15:13:59+00:00","og_image":[{"width":624,"height":484,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/Crossroads-Parkway-605.jpg","type":"image\/jpeg"}],"author":"Greg Isaacson","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/old-world-industries-leases-354-ksf-warehouse-in-il\/","url":"https:\/\/www.commercialsearch.com\/news\/old-world-industries-leases-354-ksf-warehouse-in-il\/","name":"Old World Industries Leases 354 KSF Warehouse in Chicago Suburb - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/old-world-industries-leases-354-ksf-warehouse-in-il\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/old-world-industries-leases-354-ksf-warehouse-in-il\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/Crossroads-Parkway-605.jpg","datePublished":"2019-04-11T11:08:17+00:00","dateModified":"2019-04-11T15:13:59+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1a92010198045e41b0b801129a41b3d8"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/old-world-industries-leases-354-ksf-warehouse-in-il\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/old-world-industries-leases-354-ksf-warehouse-in-il\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/old-world-industries-leases-354-ksf-warehouse-in-il\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/Crossroads-Parkway-605.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/Crossroads-Parkway-605.jpg","width":624,"height":484,"caption":"Crossroads Parkway 605. Image courtesy of Duke Realty"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/old-world-industries-leases-354-ksf-warehouse-in-il\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Old World Industries Leases 354 KSF Warehouse in Chicago Suburb"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1a92010198045e41b0b801129a41b3d8","name":"Greg Isaacson","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/c3761131a0fc41d60a369af57b00072d7482135ec1ca68c0df952bda4d027fc7?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c3761131a0fc41d60a369af57b00072d7482135ec1ca68c0df952bda4d027fc7?s=96&d=mm&r=g","caption":"Greg Isaacson"},"description":"Greg Isaacson is a Senior Associate Editor with Commercial Property Executive and Multi-Housing News. He has been writing about the real estate industry in the U.S. and Asia Pacific since 2014. Connect with him on Twitter: @gregisaacson","url":"https:\/\/www.commercialsearch.com\/news\/author\/gregisaacson\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/Crossroads-Parkway-605.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004315648","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/744"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004315648"}],"version-history":[{"count":10,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004315648\/revisions"}],"predecessor-version":[{"id":1004316047,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004315648\/revisions\/1004316047"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004315702"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004315648"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004315648"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004315648"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}