Corporate Center now filled

PARK RIDGE - Nicolson, Porter & List announced on Tuesday that DFS Inc., has signed a 62,598-square-foot lease at 355 Corporate Center building No. 2 in Lockport. The 228,690-square-foot spec building is now at 100 percent occupancy. Panattoni Development recently started on Phase II of the project, breaking ground on a 300,158-square-foot building scheduled for completion in spring 2017.

"We continue to be pleased with how quickly we filled Phase I - leasing over 500,000 square feet of new space ahead of our most aggressive projections," said Jason Rosenberg, Partner at Panattoni Development. "We're excited to deliver Phase II and continue to capitalize on the strong tenant demand we're seeing in the I-355 corridor."

Mark Barbato and Adam Stokes of Nicolson, Porter & List represented Panattoni in the transaction.

Panattoni, an active developer in the I-55 corridor, expanded its presence to the I-355 corridor with the 50-acre 355 Corporate Center, working with joint venture partner PCCP. Phase I consisted of two speculative light industrial buildings, each of which was fully leased shortly after the completion of construction. UPS leased the first building in its entirety immediately upon completion, and Illinois Industrial Tool took 166,092 square feet in the second building in August.

The 355 Corporate Center is located less than one mile from a full interchange at 159th and I-355, seven miles from I-55 and five miles from I-80. It can accommodate additional development for build-to-suit or additional spec development. Buildings at the park feature 32-foot clear heights, ESFR sprinkler systems and over a half mile of highway frontage on I-355.