News
Darwin REALTY/CORFAC INTERNATIONAL NEGOTIATES LEASE RENEWAL AND EXPANSION AT ALSIP BUILDING
(Elmhurst, Illinois – May 14, 2021) – Darwin Realty/CORFAC International Associates Todd Hendricks and Sam Lepore represented Welbic IV Alsip 12500, LLC, the building owner, in its negotiation of a lease renewal and expansion at 12500 S. Lombard in Alsip. Welbic IV Alsip 12500, LLC is one of a number of real estate ventures in which Speedwagon Properties is a Partner.
GenCorr Packaging renewed its existing lease of 40,924 square feet and added more than 29,000 square feet, bringing its total square footage to 70,500 within the 86,200 square foot building. Avison Young’s Chris Lydon and Zeke Rowan represented the tenant.
“The building is a well-located manufacturing space with heavy power and a large office which was important to GenCorr,” Lydon says. “They have seen a recent uptick in business and are confident business will continue to grow post-COVID.”
This is GenCorr’s second expansion within the property. The building has 20-foot clear height ceilings, twelve interior docks, and four drive-in doors. Built in 1979, the 12500 Lombard Lane has ample parking and space for outdoor storage. The building location is one (1) mile from full interchange onto I-294, allowing GenCorr to get its products into the city and across the country easily.