Real Estate
Lee & Associates of IL Negotiates Lease Expansion/Renewal in Elgin, IL
The lease renewal and expansion at 300 Airport Road includes the tenant's current unit of 46K SF plus a 60K SF expansion, totaling 106K SF.
Rosemont, IL. — April 29, 2024 — Lee & Associates, one of the largest national commercial real estate providers, negotiated a 106,120-SF lease renewal and expansion at 300 Airport Road, Elgin, IL. The transaction includes the tenant’s current unit of 46,130 SF (Unit B) plus a 59,990-SF expansion (Unit A).
Kenneth Franzese, SIOR; John Cassidy, SIOR; and Jeff Janda, SIOR – all Principals at Lee & Associates, represented the building owner, LINK Logistics. Built in 2010, 300 Airport Road is a 176,799-SF building featuring 30’ clear ceiling heights. The property is also known as Fox River Business Center.
The tenant, UVA Distributors, a leading wine and spirits distributor, was represented by Mike Berkowitz of Entre Commercial.
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About Lee & Associates
Lee & Associates offers an array of real estate services tailored to meet the needs of the company’s clients, including commercial real estate brokerage, integrated services, and construction services. Established in 1979, Lee & Associates is now an international firm with offices throughout the United States and Canada. Our professionals regularly collaborate to make sure they are providing their clients with the most advanced, up-to-date market technology and information. For the latest news from Lee & Associates, visit lee-associates.com or follow us on Facebook, LinkedIn, Twitter and Link, our company blog.
