ROSEMONT, IL- – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, represented KTR Capital in the lease of 138,000 square feet of warehouse/distribution space at 513 Express Center Drive in Chicago to the United States Postal Service. Matthe
w Mulvihill (middle left photo) and Brian Carroll, (middle right photo) senior vice presidents in the Industrial Group, facilitated the transaction.
The lease represents an expansion for the USPS in O’Hare Express Center, (top right photo) where the entity now leases over 300,000 square feet. The park is located on a land lease from the City of Chicago for O’Hare International Airport, which gives USPS direct access to the airfield without going onto pubic roads.
“The location is ideal for the post office due to its proximity to the airport,” said Mulvihill. “The direct access to O’Hare was also an excellent selling point.”
Connected to the airport’s southeast end off of Irving Park Road, the building was bought by KTR in 2007 and leased to the USPS on a month-to-month basis until it signed a longer-term lease. The post office uses the facility for mail forwarding, sorting and distribution.
Contact: Erin Mays, Ph: 312.698.6735. erin.mays@grubbellis.com
w Mulvihill (middle left photo) and Brian Carroll, (middle right photo) senior vice presidents in the Industrial Group, facilitated the transaction.The lease represents an expansion for the USPS in O’Hare Express Center, (top right photo) where the entity now leases over 300,000 square feet. The park is located on a land lease from the City of Chicago for O’Hare International Airport, which gives USPS direct access to the airfield without going onto pubic roads.
“The location is ideal for the post office due to its proximity to the airport,” said Mulvihill. “The direct access to O’Hare was also an excellent selling point.”
Connected to the airport’s southeast end off of Irving Park Road, the building was bought by KTR in 2007 and leased to the USPS on a month-to-month basis until it signed a longer-term lease. The post office uses the facility for mail forwarding, sorting and distribution.
Contact: Erin Mays, Ph: 312.698.6735. erin.mays@grubbellis.com
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