ARLINGTON HEIGHTS – Entree Business Realty LLC accomplished a long-term sublease settlement for Rockford Programs on a facility at 5795 Logistics Parkway in Rockford.
This 38,000-square-foot facility was constructed in 2012 as a build-to-suit for an aerospace agency below a long-term lease settlement, however was decommissioned after a company acquisition of the tenant in 2017. The ability options 19,000 sq. toes of absolutely furnished, excessive picture workplace house and 19,000 sq. toes of manufacturing/warehouse house with 24-foot ceilings. The property options over 100 automobile parking and a big land web site for future growth.
Rockford Programs plans so as to add an extra 20 staff as a part of the relocation. Entree represented Rockford Programs all through the location choice course of, negotiation of the sublease settlement, and together with its incentives guide the procurement of EDGE credit from the state of Illinois in addition to reinstatement of a property tax incentive that had lapsed on the property as a result of current emptiness.
Entre’s Dan Benassi, SIOR, and Mike Deserto represented Rockford Programs, whereas JLL’s Kurt Kittner represented the sublessor within the transaction.