July 17, 2020
Chicago-based HSA Commercial Real Estate and New York-based Clarion Partners LLC signed a 381,874-square-foot, long-term lease with Kenco Logistics Services at the Heartland Corporate Center, a 757,880-square-foot warehouse development in Shorewood, IL.
The lease brings the property to 100% occupancy. Kenco, one of the nation’s largest privately held third-party logistics firms, will take occupancy in December.
“Despite the headwinds in the economy as a result of the pandemic, industrial leasing activity has remained really strong for well-located distribution centers as businesses and consumers have come to expect same-day or expedited delivery for everything they order – now more than ever,” said Robert Smietana, CEO of HSA Commercial Real Estate.
The lease with Kenco is the second executed at the Shorewood property, following a 375,000-square-foot lease with Des Plaines, IL-based DSC Logistics last November.
Colliers International’s David Bercu and Matthew Stauber represented ownership. Cushman & Wakefield’s Sean Henrick represented the tenant.
For comments, questions or concerns, please contact Paul Bubny