CenterPoint Props. announces lease on 142,447 s/f facility
Franklin Park, IL — CenterPoint Properties announced a long-term lease agreement with Tax Air Freight for 10700 Waveland Ave., Franklin Park in the O’Hare submarket. Tax Air Freight will lease 55,251 s/f of the 142,447 s/f facility and is the third of three tenants in the building, bringing the facility’s occupancy to 100%. Tom Rodeno of Colliers represented Tax Air Freight in the transaction, as Jim Estus of Colliers represented CenterPoint.
"This location provides us easy transportation access to the highway and airport, and the ability to add office space and docks," said Mark Zeidler, president and CEO of Tax Air Freight. "With the trailer storage and parking, CenterPoint was able to accommodate our need for space and growth, helping us to better serve our customers." Tax Air Freight offers transportation trucking services throughout the Greater Midwest as well as nationwide logistics solutions through its Flyer Logistics service team. The company chose this location because of its strategic proximity to Chicago O’Hare Airport. Located on an 8.23-acre site, the building offers immediate access to I-294 and is in close proximity to Chicago’s O’Hare International Airport. Tax Air’s facility features include 3,500 s/f of office space, 23 dock positions, 27 trailer stalls and room for 14 truck-parking stalls. Tax Air Freight’s lease will commence in March 2016. “CenterPoint has had a relationship with Tax Air Freight in other markets in the past. We are happy to continue to build our relationship by providing the company with a solution for their air transportation needs,” said Ed Harrington, senior vice president of development at CenterPoint.