Newmark Grubb Knight Frank (NGKF) announced today it has successfully advised and represented long-time client, LeSaint Logistics, LLC in the strategic renewal of its 94,584-square-foot lease at 868 W. Crossroads Parkway in Romeoville, Illinois.
Founded in 1983, LeSaint Logistics, LLC is a third-party logistics provider, developing customized, knowledge-based, and integrated supply chain solutions for customers from a wide range of industries. With more than 15 facilities across the United States, LeSaint offers comprehensive logistics services from warehousing, transportation and fulfillment to inventory management, dedicated contract carriage, hazardous materials management and value-added services. NGKF has represented LeSaint since 2006.
LeSaint has been a tenant at 868 W. Crossroads since 2009. The firm selected NGKF’s Senior Managing Directors Corey B. Chase, Josh Young, SIOR, and Associate Kyle A. McKechnie, to review and advise on its current lease terms. In addition, Chase, Young and McKechnie assisted in the firm’s financial analysis, market education and negotiations. The building owner, Prologis, was self-represented in the transaction.
“868 W. Crossroads Parkway is a Class A distribution space within Prologis Park 55, offering an ideal location directly off of Interstate 55,” said Chase. “It’s a great fit for LeSaint and we are pleased to have arranged this renewal on its behalf.”
Located in Prologis Park 55, a distribution-oriented, Class A business park, 868 W. Crossroads Parkway is a 651,248-square-foot industrial building. The property features 30’ clear ceiling height, six exterior docks as well as an ESFR sprinkler system.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NGKF’s 14,100 professionals operate from more than 400 offices in established and emerging property markets on six continents.
With roots dating back to 1929, NGKF’s strong foundation makes it one of the most trusted names in commercial real estate. NGKF’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
NGKF is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit http://www.bgcpartners.com/.