MV Transportation Signs 58,000 SF Lease in Chicago
Deal Represents Significant Local Growth for Company
Dallas, TX-based MV Transportation, Inc., the largest private provider of paratransit services and the largest privately-owned passenger transportation contracting firm based in the United States, has signed a lease for 58,000 square feet at 3301 West Pershing Avenue in Chicago, IL.
Corey B. Chase, Principal at the Riverwoods, IL-based Podolsky|Circle CORFAC International, represented the tenant in this new lease transaction. The landlord, 3301 Burnham, LLC, was represented by Dave Peluso of Chicago-based Urban Investment Research Corp.
3301 West Pershing Avenue, located in Chicago’s historic Stockyards Business Park area, was designed by Daniel Burnham. MV Transportation, Inc.’s new space includes 2,000 square feet of office space, 25-foot ceiling heights, 75 employee parking spaces and 18 loading docks.
The company’s five-year lease also includes a 2-acre, fenced-in parking lot for MV Transportation’s local fleet of paratransit and multimodal transport vehicles. The total value of the lease topped $1.74 million.
This lease represents significant local growth for the company. Chase has represented MV Transportation in multiple in-state and out-of-state transactions in the past, including three local leases totaling 90,000 square feet in the summer of 2013.