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Newmark is pleased to announce that Brian Carroll, executive managing director in the firm’s Chicago office, represented and advised K2 Express, Inc. in completing two long-term leases, including a renewal and expansion in Franklin Park, Illinois, and a new, long-term lease for a neighboring, four-acre trailer yard.
Founded in 2001, K2 Express is a freight shipping and trucking company. The firm signed a 91,859-square-foot renewal and expansion at 10800-10900 Belmont Avenue in Franklin Park. The space features 17 exterior docks, 48 trailer stalls and 8,000 square-feet of office space and is part of a 600,000-square-foot, multi-tenant building owned by Prologis. Carroll represented K2 Express in the transaction, while Scott Gibbel negotiated on behalf of Prologis. Cushman Wakefield is the landlord’s agent.
In addition, K2 Express signed a long-term lease for a four-acre, fenced and paved 90-stall trailer yard neighboring the property on Charles Street. Carroll represented K2 Express in the lease, while Newmark Vice Chairmen Steve Levitas and Bob Chodos represented ownership (Hill Mechanical).
“We are pleased to have assisted K2 Express in re-assessing its strategy and expanding its footprint within 10800-10900 Belmont and within the O’Hare industrial market,” said Carroll. “The additional nearby trailer yard is ideal for our client, and we are pleased to have arranged both leases on their behalf.”
About Newmark
Newmark (“Newmark”), operated by Newmark Group, Inc. (“Newmark”), is one of the world’s leading commercial real estate advisory firms. Newmark has over 4,600 employees in over 120 offices. Together with London-based partner Knight Frank and independently-owned offices, Newmark’s 15,000 professionals operate from more than 400 offices in established and emerging property markets on six continents. With roots dating back to 1929, Newmark’s strong foundation makes it one of the most trusted names in commercial real estate. We offer a complete suite of services and products for both owners and occupiers across the entire commercial real estate industry.
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