ELK GROVE VILLAGE -- Avison Young has negotiated a 25,054-square-foot industrial lease at 1260 Lunt Ave. in Elk Grove Village.
Lions Logistics, a national third party logistics company, is the tenant. The building includes 2,929-sf of newly constructed office space, two interior docks and one drive-in door.
Avison Young Principals Chris Lydon and Chris Tecu, of the company's Chicago office, represented the owner, CenterPoint Properties, based in Oak Brook. Lions Logistics was represented by Main Street Real Estate Group, based in Chicago.
The lease brings the 50,117 square foot building at 1250-1260 Lunt Ave. to full occupancy.
"We continue to see strong tenant demand in the O'Hare submarket, which offers tremendous advantages for industrial businesses involved in the distribution of goods on a local, regional or national level," comments Tecu. "With strong absorption and an influx of new development, the O'Hare submarket routinely outperforms many markets across the country."