S&C Electric Company, LSL Industries Lease 376,503 SF at Dermody's Glenview Logistics Campus

Dermody announced two new leases totaling 376,503 square feet at The Logistics Campus in Glenview, Illinois, a Class A logistics development just north of O'Hare International Airport. S&C Electric Company fully leased Building 5, a 295,278-square-foot facility, and LSL Industries, LLC leased 81,225 square feet of Building 4, the firm announced on Oct. 6.

Colliers represented Dermody in both transactions. Cushman & Wakefield represented S&C Electric Company, and CBRE represented LSL Industries.

Lease Details at The Logistics Campus

The Logistics Campus is located at 3075 Sanders Road in Glenview. The two leases cover 100% of Building 5 and approximately half of Building 4, which totals 162,553 square feet and is located at 2551 Protection Parkway.

When complete, the campus will total 3,238,548 square feet of Class A logistics space across a planned 10-building development. Phase I comprises more than 1.2 million square feet across five buildings, all of which are LEED Silver certified, according to Dermody. Phase II consists of 77 acres of fully entitled, shovel-ready land that can accommodate build-to-suit projects or land sales for a variety of building sizes and layouts.

Three spaces remain available for occupancy, ranging from 66,000 square feet to 160,000 square feet.

Tenants: S&C Electric Company and LSL Industries

S&C Electric Company is a Chicago-based global provider of equipment and services for electric power systems. Dermody said the company has spent more than a century working in electricity distribution, offering technologies intended to improve resilience, reliability, and visibility and control across the distribution grid.

LSL Industries is an Illinois-based manufacturer of disposable medical devices, surgical procedure kits, and hospital supplies. Its move to The Logistics Campus is expected to improve distribution efficiency and storage capacity while allowing the company to consolidate operations and reduce costs over time, according to Dermody.

"The Logistics Campus provides our company with a modern, purpose-built space that matches our operational needs with scalability for future growth," said Adrian Kimber, CEO of LSL Industries. "We expect to employ more than 250 people at the facility, creating a positive impact on the local economy through job creation and increased business activity."

"We welcome LSL Industries and S&C Electric Company to The Logistics Campus," said Neal Driscoll, Midwest Region Partner at Dermody. "With state-of-the-art specifications designed for ease of occupancy and unmatched access to I-294 and O'Hare International Airport, The Logistics Campus is well positioned to support both companies' long-term operational and logistics needs."

Brokerage Teams

Suzanne Serino, Johnathan Kohn and Christopher Volkert of Colliers represented Dermody. Sally Macoicz, Matthew Saddler and Christopher Johnke of Cushman & Wakefield represented S&C Electric Company. Sam Badger and David Prell of CBRE represented LSL Industries.

Location and Labor Pool

The campus sits in one of Chicago's most active industrial submarkets and offers access to a labor pool of more than 774,000 within a 10-mile radius. It is positioned with access to I-294 and O'Hare.

Chicago Industrial Market Context

The leases come as the Chicago industrial market shows positive absorption but variation by submarket and building size. Cresa reported more than 3.79 million square feet of net absorption in the first quarter, with total vacancy at 5.51% and direct vacancy at 5.07%. Average asking rent rose $0.20 to $9.33 per square foot, and about 2.3 million square feet was delivered during the quarter.

Other brokerage reports show differing metro-wide figures, reflecting differences in methodology and geographic coverage. Cushman & Wakefield reported 4.8% industrial vacancy in the second quarter, with average asking rent of $7.55 per square foot, 5.9 million square feet delivered in the first half of 2026 and 13.5 million square feet under construction. JLL reported second-quarter vacancy of 4.5% and total availability of 8.5%. Newmark reported first-quarter vacancy of 5.3%.

The O'Hare area has outperformed much of the broader suburban market. A July 2026 report citing Lee & Associates placed broader suburban industrial vacancy near 8.5% to 9%, compared with approximately 5.4% to 5.5% in O'Hare. Cresa's first-quarter data showed the O'Hare submarket with inventory of approximately 101.9 million square feet, vacancy of 4.70% and average asking rent of $11.34 per square foot, along with negative quarterly absorption.

Chicago experienced a wave of speculative construction after 2021. Cushman & Wakefield reported that 63.9 million square feet of speculative space had been delivered since 2022 as of the first quarter, with 21.0 million square feet still vacant. New development has slowed, with Cresa reporting 15.3 million square feet under construction, close to the lowest level since the first quarter of 2018.

Outlook for The Logistics Campus

With Building 5 fully leased and Building 4 about half leased, Dermody has three remaining spaces to lease in Phase I, while Phase II land remains available for build-to-suit or land sale arrangements.

Sources

Dermody, "Dermody Announces Two New Leases at The Logistics Campus," https://dermody.com/news/dermody-announces-two-new-leases-at-the-logistics-campus/