Business

Darwin brokers two leases in Elgin

Posted February 25, 2016 12:00 am

Daily Herald staff report

ELGIN - Darwin Realty announced two new leases totaling 291,000 square feet on behalf of DCT Industrial within DCT Business Center Elgin.

Darwin Principal Noel S. Liston and Associate Brendan J. Sheahan represented DCT in two long-term lease transactions to an international manufacturing company, one a 150,550 square-foot facility at 305-325 Corporate Drive, and the other a 140,970 square foot space at 350-370 River Ridge Road

The manufacturing company was represented by Mike Fonda of Avison Young and Jimmy Cohoat of Summit Realty Group.

Elmhurst-based Darwin Realty worked closely with DCT Industrial in underwriting the acquisition and represented DCT in the purchase of the 1 million SF portfolio in 2013. Subsequently, Liston and Sheahan have worked diligently along with the DCT team to complete 10 new leases since the acquisition, working to bring the park toward 100 percent occupancy.

Article Comments

Article Comments

Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the "flag" link in the lower-right corner of the comment box. To find our more, read our FAQ.