Chicago – March 3, 2021 – CBRE has arranged a long-term lease extension for Radial, a bpost group company and a leader in omnichannel commerce technology and operations, at their suburban Chicago distribution center. Located at 715 Theodore Court in Romeoville, Illinois, the 421,361 sq. ft. facility enjoys easy access to Interstate-55.
CBRE’s Paul Diederich, Todd Lippman, Traci Payette, and Stephanie Park represented Radial in the transaction.
“With industrial demand starting to outpace supply, well located distribution centers in core markets are becoming mission critical assets instead of just strategic advantages,” said Paul Diederich, a Senior Vice President in CBRE’s Chicago office. “This lease was a successful collaboration with ownership that allowed Radial to both advance operations and lower operating expenses through building improvements, empowering them to meet growing omnichannel consumer demand.”
According to a recent CBRE report, the Far Southwest Suburbs submarket boasts the 4th largest inventory of industrial space in the Chicago metro area at 92,958,363 sq. ft. as of Q4 2020.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2020 revenue). The company has more than 100,000 employees serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
