Duke Realty Secures Tenant for Chicago-Area Warehouse
Velky Brands will occupy half of the 2017-built speculative facility in Romeoville. Cushman & Wakefield represented the owner in this deal.
By Roxana Baiceanu
56 N. Paragon Drive in Romeoville, Ill.
E-commerce retailer Velky Brands has signed a 75,232-square-foot lease at Duke Realty Corp.’s facility within Paragon Business Park in Romeoville, Ill. The new contract brings the occupancy rate of the building to 50 percent. Duke completed the 150,000-square-foot warehouse last July.
The property, located at 56 N. Paragon Drive on a 9.2-acre lot, features 32-foot clear heights, 16 expandable exterior docks and two drive-in doors. The parking lot incorporates space for roughly 110 vehicles and 32 stalls for trailer parking. In addition, the facility offers ESFR fire sprinklers and LED lighting.
“This new building is ideally located for product distribution and order fulfillment because of its proximity and access to interstates 55, 80 and 355, providing convenient connections to the Chicago metro area, as well as the entire Midwest,” Susan Bergdoll, Duke Realty vice president of leasing and development, said in a prepared statement.
Cushman & Wakefield’s Executive Directors Sean Henrick and Jason West, together with Duke’s Leasing Representative Casey Baird, negotiated the lease on behalf of the landlord. Last month, Duke renewed another lease, with Electrolux, at its Minooka warehouse.
Image courtesy of Yardi Matrix
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