COLLIERS BENNETT & KAHNWEILER ARRANGES 150,249-SQUARE-FOOT INDUSTRIAL LEASE

BOLINGBROOK, ILL. — Saratoga Food Specialties has signed a lease for 150,249 square feet of industrial space located at 771 W. Crossroads Parkway in Bolingbrook. Corum Real Estate Group owns the 269,662-square-foot facility that was recently completed within the Crossroads Lakes Business Park. The transaction was valued at approximately $7 million. The pre-cast building features 30-foot clear ceiling heights, an ESFR sprinkler system and eight exterior docks. Saratoga Food Specialties’ space includes a 15,000-square-foot office component and a 20,000-square-foot production/lab area. The company, which is relocating from its former facility in Elmhurst, Ill., is expected to take occupancy at the building this spring. David Bercu in the Industrial Services Group of Colliers Bennett & Kahnweiler represented Corum Real Estate Group; John Schwarze of Epic/Savage Realty Partners represented Saratoga Specialties in negotiations. Additional terms of the lease were not disclosed.