Colliers Arranges Three Office Leases Totaling 290,925 SF in Roselle, Illinois

by Christina Cannon

ROSELLE, ILL. — Colliers International has arranged three leases totaling 290,925 square feet in Roselle, a northwest Chicago suburb, on behalf of a joint venture between Panattoni Development Co. and LaSalle Investment Management. Aquion Inc. signed a 91,049-square-foot, long-term lease for a property located at 101 Gary Ave. in Turnberry Lakes Business Park. Aquion will be relocating its world headquarters from 2080 Lunt in Elk Grove Village to the new facility. Todd Heine and Tom Curtis of Avison Young represented Aquion, a manufacturer and marketer of water treatment equipment and water quality solutions. RBI Bearing Inc. signed a 45,750-square-foot, long-term lease in the same building. Jonathan Kohn and John D’Orazio of Colliers International represented the tenant, a manufacturer of ball bearings, castings, mounted units and custom machine parts. Affordable Office Interiors leased a 154,126-square-foot building located at 501 Gary Ave. Mike Sedjo and Dan Bessey of CBRE represented the tenants. All three tenants are expected to move into their spaces during the first quarter of 2016. These completed deals will bring the five-building Turnberry Lakes Business Park to full occupancy.

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