Business

Lee & Associates negotiates lease in Romeoville

Posted April 25, 2019 1:00 am

ROMEOVILLE - Lee & Associates recently closed a lease transaction for a 22,265-square-foot industrial space at 101 Paragon Drive in Romeoville.

Terms of the transaction were not announced.

Terry Grapenthin and Jeff Galante, principals, and Ryan Earley, vice president of Lee & Associates' Illinois office, represented the owner, Lakeview Realty Investors. Traci Payette and Stephanie Park of CBRE represented the tenant, Xpedient Management Group, a full service 3PL provider.

"The transaction required a lot of the function that our building could provide, but most importantly (given its 3PL nature) a deal that required a certain budget," Grapenthin said. "Lee & Lakeview were able to come up with and provide a creative structure to accommodate the budget concerns and therefore struck a deal with the Tenant."

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