Regions Midwest | Chicago
Sept 5, 2008
It took only a few months for Rivera Logistics, a distributor for Seoul, Korea-based Hankook Tires, to determine that it needed more elbow room at its new locale. Early spring found the company signing a five-year lease with HSA Commercial Real Estate to occupy 231,900 square feet at the industrial property at 1203 Bilter Rd. in Aurora, Ill, and now late summer has brought a change in the agreement. The company recently committed to the entire 294,800-square-foot building, expanding its months-old lease by 62,900 square feet. Developed just one year ago, 1203 Bilter Rd. is part of Aurora Distribution Center Phase II, a complex that includes the 125,000-square-foot building at 1207 Bilter Rd. Reviva was represented in the transaction by CRESA partners, while HSA turned to Colliers Bennett Kahnweiler.
It took only a few months for Rivera Logistics, a distributor for Seoul, Korea-based Hankook Tires, to determine that it needed more elbow room at its new locale. Early spring found the company signing a five-year lease with HSA Commercial Real Estate to occupy 231,900 square feet at the industrial property at 1203 Bilter Rd. in Aurora, Ill, and now late summer has brought a change in the agreement. The company recently committed to the entire 294,800-square-foot building, expanding its months-old lease by 62,900 square feet. Developed just one year ago, 1203 Bilter Rd. is part of Aurora Distribution Center Phase II, a complex that includes the 125,000-square-foot building at 1207 Bilter Rd. Reviva was represented in the transaction by CRESA partners, while HSA turned to Colliers Bennett Kahnweiler.
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