LG Electronics USA Inc. renewed its 408,966-square-foot lease at 875 Crossroads Parkway, Romeoville, IL. The manufacturer of home appliances and electronics uses the facility as its Midwest distribution center.
Duke Realty Corp. delivered the 528,218-square-foot warehouse building in 2005 in Park 55. It is about 30 miles southeast of downtown Chicago. Exel Logistics occupies the remainder of space in the facility.
Jack H. Rosenberg and Frederick L. Regnery with Colliers Bennett & Kahnweiler Inc. (Colliers B&K) represented LG Electronics. Susan Bergdoll represented Duke, in-house.
"It was important to LG to remain in the facility due to its modern construction and location in the I-55 Corridor," said Regnery. "Recognizing this, Duke Realty worked with them collaboratively to structure a very favorable lease extension in line with current market conditions".