Colliers’ Patrick Turner, Tom Rodeno and Joe Connor successfully arranged the sale-leaseback of RT Group Logistics’ 49,793-square-foot Industrial Service Facility located at 700 Chase Ave. in Elk Grove, IL to an undisclosed buyer. The trucking company signed a lease to remain at the property which includes a truck maintenance facility with parking for 40+ trailers on its 4.2 acre site; serving as a mission critical maintenance facility and parking hub for the company.
The central location of this industrial service facility in Elk Grove provides it with easy access to U.S supply chain infrastructure including I-90 and I-390 as well as O’Hare International Airport – making it highly desirable despite an uncertain capital markets environment that still sees significant demand for well located infill properties with heavy outside storage and trailer parking according to Turner’s statement regarding this transaction.. The new owner plans several improvements when tenant’s lease expires in three years time.
