I-55 and I-80 Industrial Market Report

1. FEATURE LISTING: 145 S. PINNACLE DRIVE, ROMEOVILLE, IL
9450 W. Bryn Mawr Avenue, Suite 550 | Rosemont, IL 60018 | 773-355-3000 | www.lee-associates.com
JEFFREY A. GALANTE
Principal
jgalante@lee-associates.com
D 773.355.3007
TERRY M. GRAPENTHIN
Principal
tgrape@lee-associates.com
D 773.355.3042
RYAN J. EARLEY
Senior Associate
rearley@lee-associates.com
D 773.355.3020
CAROLINE A. DELL
Marketing | Associate
cdell@lee-associates.com
D 773.355.3035
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is submitted to
errors, omissions, change of price, rental or other conditions prior to sale, lease or financing or withdrawal without notice. No liability of any kind is to be imposed on the broker herein.
I-55 & I-80 MARKET REPORT
Q3 2017
PREPARED BY:

2. 9450 W. Bryn Mawr Avenue, Suite 550 | Rosemont, IL 60018 | 773-355-3000 | www.lee-associates.com
TEAM LISTINGS
900,000 SF PLANNED BUILDING
Prologis Park Minooka - Minooka, IL
469,964 SF AVAILABLE FOR LEASE
145 S. Pinnacle Drive - Romeoville, IL
419,610 SF AVAILABLE FOR SALE OR LEASE
555 St. James Gate - Bolingbrook, IL
228,480 SF AVAILABLE FOR LEASE
265 Marquette Drive - Bolingbrook, IL
174,536 SF AVAILABLE FOR LEASE
2545 W. 24th Street - Chicago, IL
145,000 SF AVAILABLE FOR LEASE
515 Crossroads Pkwy - Bolingbrook, IL
AVAILABLE FOR SALE OR BUILD TO SUIT
Star Business Park - Lockport, IL
87,220 SF AVAILABLE FOR LEASE
505 W. Crossroads Pkwy - Bolingbrook, IL
65,581 SF AVAILABLE FOR LEASE
10441 Beaudin Blvd - Woodridge, IL
64,842 SF AVAILABLE FOR SALE/LEASE
7600 S. Grant Street - Burr Ridge, IL
40,500 SF AVAILABLE FOR SALE/LEASE
19 Stonehill Road - Oswego, IL
24,983 SF AVAILABLE FOR LEASE
11130 Katherine’s Crossing - Woodridge, IL
49 Paragon Dr.
45,000 SF Bldg
538 Taylor Rd.
552-588 Taylor Rd.
Multi Tenant
61 Paragon Dr.
131,803 S.F. Bldg
81 Paragon Dr.
121,236 S.F. BldgProposed
111,345 S.F. Bldg
Under Construction
56 N. Paragon Dr.
150,000 S.F. Bldg
+/- 2.1 Acres
24,400 SF AVAILABLE FOR SALE
9350 W. Laraway - Frankfort, IL
2.1 ACRES AVAILABLE FOR SALE/LEASE
Paragon Business Park - Romeoville, IL
21,500 SF ON 2.66 ACRES FOR SALE/LEASE
1775 Mallette - Aurora, IL
20,600 SF ON 2.2 ACRES FOR SALE/LEASE
1225 Channahon Road - Will Co, IL
80
47
SITE
19,518 SF AVAILABLE FOR LEASE
175 E. Crossroads - Bolingbrook, IL
18,735 SF AVAILABLE FOR LEASE
10330 Argonne Woods Drive - Woodridge, IL
60 ACRES AVAILABLE FOR SALE/LEASE
Route 47 - Morris, IL
13,100 SF AVAILABLE FOR LEASE
1551 Aucutt - Montgomery, IL
10,890 - 11,242 SF AVAILABLE FOR SALE
9405 & 9411 Corsair Rd - Frankfort, IL
10,497 SF AVAILABLE FOR LEASE
161 Tower Drive - Burr Ridge, IL
18.53 ACRES AVAILABLE FOR SALE
Rachel Avenue - Will Co, IL
4.37 ACRES AVAILABLE FOR SALE
14835 New Avenue - Lockport, IL
3.19 ACRES AVAILABLE FOR SALE/LEASE
16720 W. New Lenox Road - Joliet, IL
24,679 SF AVAILABLE FOR LEASE
270/280 Shore Drive, Burr Ridge, IL
25,000SFON6.17ACRESAVAILABLEFORSALE/LEASE
111 N River Road - North Aurora, IL
2,991 - 15,276 SF AVAILABLE FOR LEASE
10204-16 Werch Dr - Woodridge, IL

3. RECENT COMPLETED TRANSACTIONS
425,448 SF - REPRESENTED TENANT
Bolingbrook, IL
419,610 SF - REPRESENTED LANDLORD
Bolingbrook, IL
382,491 SF - REPRESENTED TENANT
Bedford Park, IL
280,962 SF - REPRESENTED LANDLORD
Romeoville, IL
60,300 SF - REPRESENTED TENANT
Joliet, IL
59,737 SF - REPRESENTED LANDLORD
Woodridge, IL
47,456 SF - REPRESENTED LANDLORD
Woodridge, IL
28,668 SF - REPRESENTED BUYER
Aurora, IL
20,373 SF - REPRESENTED LANDLORD
Woodridge, IL
18,380 SF - REPRESENTED LANDLORD
Woodridge, IL
13,037 SF - REPRESENTED LANDLORD
Woodridge, IL
11,213 SF - REPRESENTED TENANT
Woodridge, IL
SITE
4 Miles
LARKINAVE
CHICAGOST
55
80
3
10,800 SF - REPRESENTED LANDLORD
Woodridge, IL
10,200 SF - REPRESENTED BUYER/SELLER
Rockdale, IL
10.79 ACRES - REPRESENTED SELLER
Unincorporated Will County, IL
7,605 SF - REPRESENTED LANDLORD
Romeoville, IL
EXISTING CAR
PARKING
or
+12,063 SF of
ADDITIONAL
STORAGE
EXISTING CAR
PARKING
or
+12,063 SF of
ADDITIONAL
STORAGE
EXISTING CAR
PARKING
or
+12,063 SF of
ADDITIONAL
STORAGE
EXISTING CAR
PARKING
or
+12,063 SF of
ADDITIONAL
STORAGE
+3,515
SF
OFFICE
+3,515
SF
OFFICE
+3,515
SF
OFFICE
+3,515
SF
OFFICE
6,000 SF ON 0.5 ACRES - REPRESENTED SELLER
Joliet, IL
3,515 SF ON 3.19 ACRES - REPRESENTED BUYER
Joliet, IL
2,800 SF ON 5 ACRES - REPRESENTED TENANT
Gary, IN
13,398 SF - REPRESENTED LANDLORD
Woodridge, IL
45,000 SQUARE FEET - REPRESENTED SELLER
Romeoville, IL
59.94 ACRES - REPRESENTED BUYER
Morris, IL
23,816 SQUARE FEET - REPRESENTED LANDLORD
Woodridge, IL
22,335 SF - REPRESENTED LANDLORD
Bolingbrook, IL
Pinnacle Business Park
49 Paragon Dr.
45,000 SF Bldg
538 Taylor Rd.
552-588 Taylor Rd.
Multi Tenant
61 Paragon Dr.
131,803 S.F. Bldg
81 Paragon Dr.
121,236 S.F. BldgProposed
111,345 S.F. Bldg
Under Construction
56 N. Paragon Dr.
150,000 S.F. Bldg
+/- 2.1 Acres
Pizzuti
Under Construction
2-3 Buildings
1,300,000 S.F
Panattoni
Q4 2016 Delivery
2 Buildings
1,700,000 S.F.
Hillwood
U/C
3 Buildings
398,000 S.F.
Southcreek
Business
Park
OHL
OHL
PACTIV
PACTIV
FEDEX
SLEEPY’S
WILTON
WILTON
FLORSTAR
SAMSUNG
THE HOME
DEPOT
AMERI-
SOURCE
29,880 SQUARE FEET - REPRESENTED SELLER
Romeoville, IL
24,726 SQUARE FEET - REPRESENTED LANDLORD
Countryside, IL
9.188 ACRES - REPRESENTED SELLER
Romeoville, IL
114,591 SF - REPRESENTED TENANT
Woodridge, IL
LEASED
LEASED
LEASED
LEASED
SOLD
SOLD
LEASED
SOLD
SOLD
JEFFREY A. GALANTE
PRINCIPAL
773-355-3007
jgalante@lee-associates.com
TERRY M. GRAPENTHIN
PRINCIPAL
773-355-3042
tgrape@lee-associates.com
RYAN J. EARLEY
SENIOR ASSOCIATE
773-355-3020
rearley@lee-associates.com
CAROLINE A. DELL
MARKETING | ASSOCIATE
773-355-3035
cdell@lee-associates.com
LEASED
RENEWAL
Bolingbrook
LEASED
LEASED
Bolingbrook
SOLD
LEASED
Bolingbrook
LEASED
LEASED
LEASED
LEASED
SUBLEASE
LEASED
LEASED
SOLD
SOLD
LEASED
SOLD
SOLD
LEASED

4. 9450 W. Bryn Mawr Avenue, Suite 550 | Rosemont, IL 60018 | 773-355-3000 | www.lee-associates.com
Q3 2017
MARKET STATISTICS
I-55 & I-80 CORRIDORS
I-55 MARKET SUMMARY
The third quarter vacancy rate rose substantially to 10.9 percent in the I-55 Corridor, a 1.8 percent increase from the second quarter
rate of 9.1 percent. A large portion of this increase can be attributed to six different vacant buildings over 200,000 square feet
coming to the market during the third quarter.
Leasing volume fell sharply from the second quarter level of 1.2 million square feet to 838,000 square feet. I-55 Corridor is typically
known for investment sales activity, no user sale activity took place in the third quarter.
Net absorption totaled negative 690,000 square feet in the third quarter, a figure well below the 2.1 million-square-foot net
absorption total for the second quarter. This change was largely due to the completion of construction projects and less substantial
leases being completed.
I-80 MARKET SUMMARY
An unfortunate 2.1 million square feet of vacant space returned to the Joliet / I-80 Corridor submarket in the third quarter, a 65
percent increase from the 1.2 million square feet returned during the second quarter. This caused the Joliet / I-80 Corridor vacancy
rate to increase to 6.3 percent.
Two new speculative buildings completed in the third quarter accounted for 90 percent of the 2.1 million square feet returning to the
Joliet / I-80 Corridor submarket in the third quarter.
Two construction projects were delivered during the third quarter of 2017 in Joliet, a 1,026,000-square-foot facility at 1023 E.
Laraway Road and a 992,640-square-foot building at 100 E. Millsdale Road. Both facilities remain vacant. Eight construction
projects are currently under construction totaling 5.6 million square feet with three projects scheduled to be delivered by the end of
the fourth quarter and five projects scheduled to be delivered in the second quarter 2018.
New lease activity totaled 284,000 square feet in the Joliet / I-80 Corridor submarket in the third quarter, a dramatic decrease from
the second quarter’s 886,000 square feet.
Despite weak third quarter sale and leasing activity, net absorption in the Joliet / I-80 Corridor remained positive. However, the third
quarter total of 291,000 square feet was significantly less than the 1.2 million square feet of net absorption posted second quarter.
AVAILABLE SQUARE FEET BY CITY
Bolingbrook
39%
Romeoville
32%
Lockport
10%
Woodridge
9%
Burr Ridge
3%
Others
7%
Bolingbrook Romeoville Lockport Woodridge Burr Ridge Others
0%
2%
4%
6%
8%
10%
12%
14%
-800.0
-300.0
200.0
700.0
1,200.0
Q3 2013 Q3 2014 Q3 2015 Q3 2016 Q3 2017
Net Absorption Vacancy rate
NetAbsorption
(inthousandsSF)
VacancyRate
KEY STATISTICS
INDUSTRIAL BASE: 95,447,122
VACANCY RATE: 10.89%
YTD NEW SF DELIVERED: 3,404,844
SF UNDER CONSTRUCTION: 1,825,612
Q3 NET ABSORPTION: -690,117
YTD NET ABSORPTION: 2,048,930
VACANCY RATE
AVAILABLE SQUARE FEET BY CITY
Joliet
64%
Channahon
17%
Elwood
9%
TinleyPark
2%
New Lenox
2%Others
6%
Joliet Channahon Elwood Tinley Park New Lenox Others
0%
2%
4%
6%
8%
10%
12%
14%
-100.0
400.0
900.0
1,400.0
1,900.0
2,400.0
2,900.0
3,400.0
Q3 2013 Q3 2014 Q3 2015 Q3 2016 Q3 2017
Net Absorption Vacancy rate
NetAbsorption
(inthousandsSF)
VacancyRate
KEY STATISTICS
INDUSTRIAL BASE: 83,886,861
VACANCY RATE: 6.37%
YTD NEW SF DELIVERED: 5,826,839
SF UNDER CONSTRUCTION: 5,607,374
Q3 NET ABSORPTION: 290,888
YTD NET ABSORPTION: 3,679,059
VACANCY RATE

5. 55
355
I-55 CORRIDOR
Woodridge
Lockport
Lemont
Crest
Hill
Bolingbrook
Romeoville
Plainfield
Willowbrook
RECENT LEASE TRANSACTIONS
50,000 SF +
I-55 & I-80 CORRIDORS
BOLINGBROOK
Size Location Tenant Landlord
206,711 SF 700 Gateway Dr RJW Transport Prologis
57,447 SF 400 Crossroads Pkwy IFCO Systems First Industrial
269,591 SF 550 W. North Frontage Menasha TA Realty
164,354 SF 800 S. Weber Rd La-Z-Boy ML Realty
352,338 SF 150 E Crossroads Pkwy Samsung Liberty
126,450 SF 2 Gateway Ct Unipart Duke
182,875 SF 990 Veterans Pkwy Olum Choc. Co. F. Greek Dev
58,720 SF 850-880 Remington Crane Nuclear AEW Capital
55 80
80
355
JOLIET/
I-80 CORRIDOR
Tinley
Park
Shorewood
New Lenox
Morris
Mokena
Minooka
Manhattan
Joliet
Homer
Glen
Frankfort
Elwood
Channahon
ROMEOVILLE
Size Location Tenant Landlord
716,318 SF 1401-1465 Normantown Kimberly Clark Heitman
339,043 SF 860 W Crossroads Pkwy LeSaint Logistics Prologis
61,506 SF 208 S Pinnacle Dr DS Smith Hillwood
LOCKPORT
Size Location Tenant Landlord
100,949 SF 14555 S Gougar Rd Atosa ML Realty
CREST HILL
Size Location Tenant Landlord
438,150 SF 16824 Enterprise Dr Amazon Ridgeline/Cabot
TINLEY PARK
Size Location Tenant Landlord
915,643 SF 18801 Oak Park Ave M Block & Son’s Hillwood
JOLIET
Size Location Tenant Landlord
72,235 SF 3401 S Chicago St Saddle Creek Corp DCT
116,301 SF 4100 Rock Creek Blvd Ecolab First Industrial
192,390 SF 1695-1701 Crossroads Kellogg’s Teachers Ins.
64,239 SF 2700 McDonough Jeep Transport Avgeris
206,211 SF 3300 Corporate Dr G&D Logistics JLL Income Trust
SHOREWOOD
Size Location Tenant Landlord
212,562 SF 21450 SW Frontage Rd Xpedient Clarion
106,573 SF 21450 SW Frontage Rd ShorewoodLiquidators Clarion
ELWOOD
Size Location Tenant Landlord
1,022,554 SF 21705 W Mississippi St DSC Logistics Liberty
624,370 SF 21561 Mississippi St Clearwater Paper CenterPoint
237,200 SF 26634 S Walton Dr Clearwater Paper CenterPoint
WOODRIDGE
Size Location Tenant Landlord
74,234 SF 1401 Davey Rd Samuel Strapping Prologis
50,000 SF 10305 Argonne Dr Gifts For You, LLC Sitex Group
JEFFREY A. GALANTE
PRINCIPAL
773-355-3007
jgalante@lee-associates.com
TERRY M. GRAPENTHIN
PRINCIPAL
773-355-3042
tgrape@lee-associates.com
RYAN J. EARLEY
SENIOR ASSOCIATE
773-355-3020
rearley@lee-associates.com
CAROLINE A. DELL
MARKETING | ASSOCIATE
773-355-3035
cdell@lee-associates.com

6. 9450 W. Bryn Mawr Avenue, Suite 550 | Rosemont, IL 60018 | 773-355-3000 | www.lee-associates.com
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is submitted to
errors, omissions, change of price, rental or other conditions prior to sale, lease or financing or withdrawal without notice. No liability of any kind is to be imposed on the broker herein.
JEFFREY A. GALANTE
Principal
jgalante@lee-associates.com
D 773.355.3007
TERRY M. GRAPENTHIN
Principal
tgrape@lee-associates.com
D 773.355.3042
RYAN J. EARLEY
Senior Associate
rearley@lee-associates.com
D 773.355.3020
CAROLINE A. DELL
Marketing | Associate
cdell@lee-associates.com
D 773.355.3035
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are individually owned by the shareholders of that office, thus encouraging an entrepreneurial spirit and
allowing more freedom and creativity to make real estate transactions work.
EXPLOSIVE GROWTH
Since its inception there has been an explosive growth of Lee & Associates offices throughout the country and
now in Vancouver, British Columbia, making it one of the largest and fastest growing commercial real estate
organizations in North America.
HOW CAN WE HELP YOU?
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