CenterPoint Signs Lease with Luxor, Prime Logistics Destination in Gurnee, Illinois
Posted By Staff Writers On June 26, 2019 @ 8:00 am
OAK BROOK, IL – CenterPoint Properties is proud to announce an 88-month lease with Luxor Workspaces, LLC for a 190,380-square-foot speculative facility located at 1001 Tri-State Parkway in Gurnee, Illinois. This building will provide Luxor with additional warehouse space, as they have outgrown their current facilities due to an increase in consumer demand.
“We selected CenterPoint as a strategic partner for this space because of their deep understanding of design for modern warehousing and logistics,” said Paul Roche, President at Luxor.
Luxor, a division of EBSCO Industries, manufactures a range of furniture and products for education, business, healthcare and industrial uses. They currently operate in Waukegan, Illinois, with offices and 30,000 square feet of warehouse space, and in Birmingham, Alabama, with 150,000 square feet of warehouse space. The Waukegan warehouse operations will be relocated to Gurnee, and the Waukegan facility will be built out to expand Luxor’s office needs.
The Gurnee facility, which is expected to be completed in September 2019, is located on a 9.88-acre site and includes 7,000 square feet of office space. Additional building features include 36ʹ clear height, 19 trailer stalls, 195 auto parking stalls, 20 docks, LED lighting and an ESFR sprinkler system.
“The location of this Class-A facility is a prime logistics destination,” said Brian McKiernan, CenterPoint Senior Vice President of Development. “It’s just 30 minutes from O’Hare International Airport and easily accessible via the four-way interchange at Grand Avenue/Route 132 and I-94.”
Matt Yang, CenterPoint Manager of Development Transactions, said, “We’re glad we could provide this logistics solution for Luxor. This is an exceptional warehouse facility that has been built from the ground up and is being customized to meet their expansion needs.”
CBRE represented both Luxor and CenterPoint in the transaction.
About CenterPoint Properties
CenterPoint is an industrial real estate company made up of dedicated thinkers, innovators and leaders with the creativity and know-how to tackle the industry’s toughest challenges. And it’s those kinds of problems—the delicate, the complex, the seemingly-impossible—that we relish most. Because with an agile team, substantial access to capital and industry-leading expertise, those are exactly the kinds of problems we’re built to solve. For more information on CenterPoint Properties, visit centerpoint.com, follow @CenterPointProp on Twitter or engage with us on LinkedIn.