{"id":1004344604,"date":"2019-08-08T04:41:27","date_gmt":"2019-08-08T12:41:27","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004344604"},"modified":"2022-03-04T06:32:24","modified_gmt":"2022-03-04T14:32:24","slug":"duke-realty-fully-leases-chicago-area-industrial-park","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/duke-realty-fully-leases-chicago-area-industrial-park\/","title":{"rendered":"Duke Realty Fully Leases Chicago-Area Industrial Park"},"content":{"rendered":"<div id=\"attachment_1004344607\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/16508-S.-John-Lane-Crossing.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004344607\" data-attachment-id=\"1004344607\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/duke-realty-fully-leases-chicago-area-industrial-park\/16508-s-john-lane-crossing\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/16508-S.-John-Lane-Crossing.jpg\" data-orig-size=\"640,512\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&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;0&quot;}\" data-image-title=\"16508 S. John Lane Crossing\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;16508 S. John Lane Crossing&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/16508-S.-John-Lane-Crossing.jpg?w=640\" class=\"wp-image-1004344607 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/16508-S.-John-Lane-Crossing.jpg\" alt=\"\" width=\"300\" height=\"240\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/16508-S.-John-Lane-Crossing.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/16508-S.-John-Lane-Crossing.jpg?resize=300,240 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004344607\" class=\"wp-caption-text\">16508 S. John Lane Crossing<\/p><\/div>\n<p>Duke Realty has secured a new lease at its 802,284-square-foot industrial park in Lockport, Ill., bringing the property to full occupancy. The new tenant, pallet management company 48forty Solutions, will occupy approximately 84,000 square feet at the third building of the Lockport complex.<\/p>\n<p>Located at 16508 S. John Lane Crossing, the facility was completed in 2017. Duke Realty purchased it the same year from developer Panattoni Development for $21.6 million, according to Yardi Matrix data. The property provides a total of 300,494 square feet of space and 269 parking spaces. Features include 32-foot clear heights, 48 exterior docks, two drive-in doors, 57 trailer parking spaces, insulated ceilings as well as a mezzanine level. The location provides convenient access to interstates 355, 80 and 55, connecting clients to the Chicago metro area. Last year, Duke <a href=\"https:\/\/www.commercialsearch.com\/news\/duke-realty-inks-166-ksf-at-chicago-industrial-asset\/\">leased half of the building<\/a> to Acer Service Corp.<\/p>\n<p>The Cushman &amp; Wakefield team of Jason West and Sean Henrick worked together with Duke&#8217;s Susan Bergdoll and Casey Grant to represent the landlord in the deal. Timothy McCune with Corporate Realty Advisors and David Prell with CBRE worked on behalf of the tenant.&nbsp;<\/p>\n<p>Duke has recently delivered an industrial building in the I-55 submarket, Airport Logistics Center. This brings the REIT&#8217;s portfolio to a total of 14 buildings and more than 4.3 million square feet in the submarket. The properties are more than 95 percent leased.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The new tenant is 48forty Solutions, which will occupy nearly 84,000 square feet of space in the third building of the Lockport campus.<\/p>\n","protected":false},"author":30,"featured_media":1004344607,"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":[32789,32799,33010,33837],"class_list":["post-1004344604","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-chicago","category-deals","category-industrial","category-midwest","category-latest","tag-cbre","tag-cushman-wakefield","tag-duke-realty-corporation","tag-panattoni-development-company"],"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>Duke Realty Fully Leases Chicago-Area Industrial Park - 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\/duke-realty-fully-leases-chicago-area-industrial-park\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Duke Realty Fully Leases Chicago-Area Industrial Park\" \/>\n<meta property=\"og:description\" content=\"The new tenant is 48forty Solutions, which will occupy nearly 84,000 square feet of space in the third building of the Lockport campus.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/duke-realty-fully-leases-chicago-area-industrial-park\/\" \/>\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=\"2019-08-08T12:41:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-04T14:32:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/16508-S.-John-Lane-Crossing.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"512\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Roxana Baiceanu\" \/>\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\/duke-realty-fully-leases-chicago-area-industrial-park\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/duke-realty-fully-leases-chicago-area-industrial-park\/\",\"name\":\"Duke Realty Fully Leases Chicago-Area Industrial Park - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/duke-realty-fully-leases-chicago-area-industrial-park\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/duke-realty-fully-leases-chicago-area-industrial-park\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/16508-S.-John-Lane-Crossing.jpg\",\"datePublished\":\"2019-08-08T12:41:27+00:00\",\"dateModified\":\"2022-03-04T14:32:24+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/b9dffbe4e6d3437c6ee209677f7462f2\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/duke-realty-fully-leases-chicago-area-industrial-park\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/duke-realty-fully-leases-chicago-area-industrial-park\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/duke-realty-fully-leases-chicago-area-industrial-park\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/16508-S.-John-Lane-Crossing.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/16508-S.-John-Lane-Crossing.jpg\",\"width\":640,\"height\":512,\"caption\":\"16508 S. 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