(Chicago, IL) – Paine Wetzel – TCN Worldwide (PW) is pleased to announce Principal Ed Wabick and Vice President Terry Lynch represented Dermody Properties in the disposition of an industrial building located at 4000 W. 40th in Pulaski. The Buyer, Uhaul, plans to convert the property into a self-storage facility.
Uhaul was attracted to the building due to its immediate proximity to the four-way interchange at I-55/Pulaski, parking lot, and they could take advantage of the high-cube section of the warehouse with 32’ ceilings. The property is also across the street from a new 10.5 acre retail development site.
About Paine Wetzel – TCN WorldwidePaine Wetzel TCN Worldwide (PW) is a corporate real estate firm headquartered in Chicago. Since 1975, PW brokers have specialized in the leasing and disposition of office and industrial properties. The firm offers specialists in investments, transactions, consulting and project management who possess an unrivaled depth of local market knowledge, supported by the latest in technology. For more information, please visit www.painewetzel.com.
SECOND QUARTER 2016 DEAL SPOTLIGHT - PW GLOBAL CORPORATE SERVICES
Too often, new or prospective clients tell us that they just can’t find space that works for their business, or they couldn’t come to terms on a real estate transaction. In a market where demand is high and available facilities are tough to find, it’s good to have an advocate on your side to put their resources and knowledge to use for you. Paine/Wetzel has several options and resources for our clients to consider. Some of these include:
· Off Market Opportunities. We maintain a proprietary database of spaces that may not be actively marketed, but may have space available. We can quickly and confidentially contact the market on behalf of a client to identify off market opportunities.
· Marketing and Business Development. Paine/Wetzel’s team consistently implements marketing campaigns to identify new space options for their clients. We will generate alternatives and quantify the opportunity, so clients and focus on their business instead of hunting for space.
· Personalized, Creative Strategies Real estate transactions are created. Seldom does the right space, at the right time with the right terms and conditions appear at a client’s door step without significant effort, maneuvering and negotiation. We offer creative solutions to overcome obstacles for clients.
Regardless of market conditions, talk to Paine/Wetzel and together we will formulate a customized solution to meet your real estate objectives.
El Cubano has purchased two buildings on a 4.1-acre site totaling 96,330 square feet at 5275 S. Archer and
4630 W. 53rd Street in Chicago, Illinois.