FOR IMMEDIATE RELEASE

 

Contact:

John Dobroski

+1 312 9351881

john.dobroski@cbre.com

 

Strong leasing and sales activity in I-88 Submarket Continues

 

Chicago, IL – January 21, 2014 – CBRE announced Senior Vice President   Dave Prioletti completed three deals totaling 203,500 SF at 140 Ambassador Drive in Naperville, IL in last two months  bringing the property to 100% occupancy. This activity suggests a further strengthening within the I88 industrial submarket. 

 

  • Sabic/Polymershapes renewed its lease of approximately 89,000 SF.  Sabic/Polymershapes is one of the largest distributor of plastic sheet, rod, tube, film, and associated products; with an over 70 year history. CBRE’s  John Humphrey with Dave Prioletti represented ownership  Cabot Acquisition LLC in the long term lease renewal.

 

  • iGPS leased approximately 83,650 SF for over 4 years.  iGPS supplies 100% recyclable plastic pallets and integrated technologies to big box grocery retailers. James Estus of Colliers International represented  iGPS and CBRE’s Dave Prioletti represented building ownership in the transaction .

 

  • Target Decorated Apparel recast and renewed its occupancy of 30,000 SF which brought the property to 100 % occupancy.  Target is an apparel decorator with services that include screen-printed and embroidered apparel and accessories as well as full service packaging and fulfillment services.

         

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2012 revenue). The Company has approximately 37,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com






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