Lee & Associates represented both the owner and tenant in a 74,978-square-foot lease at 500 Crossing Drive in University Park, Illinois. With this transaction, the 150,000-square-foot industrial building constructed in 2006 is now 100 percent leased.
Brian Vanosky (Principal), Michael O’Leary (Senior Vice President) and Dylan Maher (Vice President) represented the landlord Mapletree while Jeff Galante SIOR (Principal) represented Alive Telecom for Lee & Associates of Illinois.
Vanosky expressed excitement about representing Mapletree on 150,000 square feet of transactions over 18 months: “The demand further supports I-80 corridor and University Park as an ideal location for manufacturing or distribution purposes.” Galante added that Alive Telecom’s lease allows them to strategically scale operations as they continue to grow.
