Entre brokers lease in Rockford
ARLINGTON HEIGHTS -- Entree Commercial Realty LLC completed a long-term sublease agreement for Rockford Systems on a facility at 5795 Logistics Parkway in Rockford.
This 38,000-square-foot facility was constructed in 2012 as a build-to-suit for an aerospace firm under a long-term lease agreement, but was decommissioned after a corporate acquisition of the tenant in 2017. The facility features 19,000 square feet of fully furnished, high image office space and 19,000 square feet of production/warehouse space with 24-foot ceilings. The property features over 100 car parking and a large land site for future expansion.
Rockford Systems plans to add an additional 20 employees as part of the relocation. Entree represented Rockford Systems throughout the site selection process, negotiation of the sublease agreement, and along with its incentives consultant the procurement of EDGE credits from the state of Illinois as well as reinstatement of a property tax incentive that had lapsed on the property due to the recent vacancy.
Entre's Dan Benassi, SIOR, and Mike Deserto represented Rockford Systems, while JLL's Kurt Kittner represented the sublessor in the transaction.