News/Blog

Whether you are evaluating a single property or an entire real estate portfolio, PW has the resources you need to make informed and accurate decisions, ensuring the highest possible profit for your company.

In the complex and ever changing world of industrial real estate, our commitment to excellence is reflected in our continual investment in the human capital and the technology needed to gather accurate, comprehensive and current market data.

  • SECOND QUARTER 2016 DEAL SPOTLIGHT - PW GLOBAL CORPORATE SERVICES

    SECOND QUARTER 2016 DEAL SPOTLIGHT - PW GLOBAL CORPORATE SERVICES

  • Finding Space in a Tight Real Estate Market

    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 purchases 4-acre distribution site in Chicago for meat production

    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.

  • PAINE WETZEL / TCN’S TERRY LYNCH PULLS OFF A TRIPLE PLAY AT A 179,312 SF FACILITY IN CHICAGO

         (Chicago, IL) – Paine Wetzel – TCN Worldwide (PW) is pleased to announce that Vice President, Terry Lynch, represented J & J Trucking in the acquisition of a 179,312 SF building on 7.15 acres located at 5950 W. 51st Street in Chicago, Illinois.  Larry Goldwasser, Senior Director, Colin Green, Associate Director, and Matt Cowie, Associate of Cushman & Wakefield represented the Seller, Leggett & Platt Global Inc. (NYSE: LEG).  J & J Trucking will occupy a portion of the facility for their Intermodal Transportation, Truck and Trailer Repair, LTL and Warehousing Operations.  Terry Lynch has been retained to market the balance of the property for lease.  John Kurpiel, President of J & J Trucking, stated that"Terry understands our operational requirement and was able to find a facility in our ideal location.  The building is slightly larger than what we currently need, but Terry was able to help us find us a strong tenant that moved in only 10 days after we purchased the property, even though the property was not yet on the market for lease.  We could not be happier or more excited with our new location and our overall potential here.” 

         In a second transaction at the property, Paine/Wetzel’s Lynch represented J & J Trucking on signing their first tenant for 5950 W. 51st. The tenant, A. Lava and Sons, a Chicago Mattress and Bedding Manufacturer, will occupy approximately 38,000 SF. A. Lava and Sons was represented by Matt Rogatz of Chicago Industrial Real Estate LLC.

         In the third leg of this triple play, Paine/Wetzel’s Bill Kerrins, Senior Vice President, and Lynch, represented Leggett & Platt Global Inc. (NYSE: LEG) in relocating their offices from their long-time home on 51st street to the 9th and 10th floors at 205 W. Wacker Drive in Chicago, totaling 16,550 SF. Dan Persa of CBRE represented Accelerated Health Systems in the 10th floor sublease while the Landlord, Ameritus, was self-represented by Scott Sessa for space on the 9th floor.

     

     

  • PAINE/WETZEL / TCN WORLDWIDE REPRESENTS TENANT IN AN OFFICE RELOCATION TO DOWNTOWN CHICAGO

     

          

    (Chicago, IL) – Paine Wetzel – TCN Worldwide (PW) is pleased to announce that Senior Vice President, Bill Kerrins along with Vice President, Terry Lynch, represented Leggett & Platt Global Inc. (NYSE: LEG) in relocating their offices from their long-time home at 5950 W. 51st Street to the 9th and 10th floors at 205 W. Wacker Drive in Chicago.  In total they will occupy 16,550 square feet, including the entire 10th floor which is a fully-furnished sublease from Accelerated Health Systems.  Dan Persa of CBRE represented Accelerated Health Systems in the 10th floor sublease while the Landlord, Ameritus, was represented in-house by Scott Sessa regarding the 9th floor lease.

    The new office location in the CBD of Chicago offers Leggett and Platt Inc. employees and clients easy access to public transit, lodging, business services, cultural events, and many other amenities.

    205 Wacker is an art deco designed office building constructed in 1928.  The 25 story, 263,000 square foot building was also awarded an Energy Star label in 2015 for its operating efficiency.  Building Amenities include indoor car parking, fitness center, and bike storage.

  • Gerald Sullivan of Paine Wetzel Represents Private Seller in 5,000 SF Transaction in Addison, Illinois

  • Chicago’s Paine/Wetzel TCN Worldwide: Putting clients first leads to 40-plus years of success

    Chicago-based commercial real estate brokerage Paine/Wetzel TCN Worldwide celebrated its 40th anniversary in 2015. Succeeding for four decades in easy business is a challenge. Thriving in commercial real estate for that long is truly a feat. Midwest Real Estate News recently spoke with Jeffrey Girling, managing vice president, about what has made Paine/Wetzel so successful for so long.

    Why do you think Paine/Wetzel has been able to succeed for four decades? What are some of the steps that the company has taken to continue to grow its business?

    CLICK HERE TO VIEW FULL ARTICLE 

     

  • Al Schulman - 2015 Hall of Fame

    CLICK HERE TO VIEW ARTICLE

     

  • Paine Wetzel’s Terry Lynch on flying planes and how he traveled alone for a year with only a backpack

    Terry Lynch learned to fly airplanes before he learned how to drive. That’s because his family has always had a history with aviation. His grandfather was once a pilot who started the first business of what is now Midway Airport, in 1928, and later, Lynch’s father took over the business in the 70s. His brothers also got involved in the field and now have their own pilot’s licenses. Interestingly, one of them married his flight instructor and the other went on to write three books on Chicago aviation. 

  • PAINE/WETZEL REPRESENTS GROWING INDUSTRIAL MANUFACTURER

    Paine/Wetzel TCN Worldwide (PW) is pleased to announce that Senior Vice President Phil Reiff, Sr. and Senior Associate Phil Reiff recently represented Oakley Industrial Machine in the 35,791-square-foot-lease at 1601 Lunt Avenue in Elk Grove Village.

  • PAINE/WETZEL TCN WORLDWIDE REPRESENTS TRUCKING COMPANY IN RELOCATION

    Paine/Wetzel TCN Worldwide (PW) is pleased to announce that Phil Reiff, Senior Associate of the firm, represented Ary Trucking LLC in a new lease of 9,088 square feet of space within the 65,000-square-foot building located at 2641-2645 Greenleaf in Elk Grove Village, Illinois.

  • PAINE/WETZEL/TCN WORLDWIDE TEAM REPRESENTS SELLER OF FRANKFORT BUILDING

    Paine/Wetzel TCN Worldwide (PW) is pleased to announce that Terry Lynch, Vice President along with Brian Wabick, Associate with the firm, represented the seller in their disposition of a 2,500-square-foot building located at 9210 Gulfstream Road in Frankfort, Illinois. 

  • PAINE/WETZEL TCN WORLDWIDE’S TEAM REPRESENTS BUILDING’S NEW LANDLORD IN LEASE TO RECYCLING COMPANY

    Paine/Wetzel TCN Worldwide (PW) is pleased to announce that Terry Lynch, Vice President, along with Jeff Girling, Managing Vice President of the firm, represented the building owner in the lease of  16,056 square feet of space to Tradebe Environmental Services. The lease is within a 28,600-square-foot building located at 1433 E. 83rd Street in Merrillville, Indiana.  Paine/Wetzel sold the half – empty building to the new landlord in December 2014.  With this new lease the building is now 100 percent leased less than 6 months after buying the building.

  • JERRY SULLIVAN OF PAINE/WETZEL TCN WORLDWIDE REPRESENTS SHEET METAL COMPANY IN SUBURBAN LEASE RENEWAL

    (Chicago, IL – May 2, 2015) - Paine/Wetzel TCN Worldwide (PW) is pleased to announce that that Jerry Sullivan, Principal with the firm, represented Sheet Metal Werks, Inc. in a lease renewal of 79,629 square feet at 455 Algonquin Road in Arlington Heights, Illinois. 

  • July 2015, PAINE/WETZEL’S CORPORATE TEAM SOLD INDUSTRIAL FACILITY IN GERMANY

    Germany

    Paine/Wetzel is pleased to announce that Principal, Curt Stanton and Senior Associate, Patrick Fitzgerald along with Michael Di Nicola of Beacon Property, completed a sale of 123,000 square feet at GlashuttenstraBe 1, 01623 Lommatzsch, Germany to Benzinger on behalf of their client, Knurr Electronics.

     

  • June 2015, PAINE/WETZEL’S CORPORATE TEAM SOLD 106,000 SF IN CIUDAD JUAREZ, MEXICO

    CIUDAD JUAREZ, MEXICO

     

    Paine/Wetzel is pleased to announce that Principal, Curt Stanton and Senior Associate, Patrick Fitzgerald along with Felix Tajada with The Alles Group Monterrey, completed a sale of 106,000 square feet at Avenida Henequen No 1330, Colonia Salvarcar, Ciudad Juarez to Inmuebles Torres Sur S.A.

     

     

  • May 2015, PAINE/WETZEL’S CORPORATE TEAM HAS COMPLETED TWO LEASE TRANSACTIONS IN CALIFORNIA

    Rancho Cucamonga, CA

     

     

     

     

     

     

     

     

     

     

     

     

     

    Paine/Wetzel is pleased to announce that Principal, Curt Stanton and Senior Associate, Patrick Fitzgerald along with Jack Whalen from Heger Industrial, completed a 5 year lease for 47,700 SF in Rancho Cucamonga, CA and a 5 year renewal for 35,172 SF in Paramount, CA on behalf of their client, Electrical Reliability Services and Instrument and Valve Services.

  • April 2015, PAINE/WETZEL’S CORPORATE TEAM HAS SOLD TWO INDUSTRIAL FACILITIES IN FRANCE

     89 rue Audibert et Lavittote, Patay France

     

     

    Paine/Wetzel is pleased to announce that Principal, Curt Stanton and Senior Associate, Patrick Fitzgerald along with Jean-Brice Eriau from DTZ, completed a sale of 125,000 square feet at 89 rue Audibert et Lavittote, Patay France to Mandelaure as well as a sale of 53,819 square feet at 2 Avenue Lionel Terray, Meyzieu, France to 6th SENS  on behalf of their client, Leroy Somer.

  • PAINE/WETZEL TCN WORLDWIDE’S JEFF BLAKE REPRESENTS LANDLORD IN NEW AURORA LEASE

    (Chicago, IL – April 13, 2015) - Paine/Wetzel TCN Worldwide (PW) is pleased to announce that Jeff Blake, Senior Vice President with the firm, represented Space Center Inc. in a new lease of 140,000 square feet in a 650,000-square- foot building at 2580 Prospect Court (Unit A) in Aurora, Illinois. The new tenant is International Paper.

  • PAINE/WETZEL TCN WORLDWIDE’S HILOH IZUMO REPRESENTS BUYER IN ELK GROVE VILLAGE INDUSTRIAL SALE

    (Chicago, IL – April 17, 2015) - Paine/Wetzel TCN Worldwide (PW) is pleased to announce that Hiloh Izumo, Vice President of the firm, represented Nichifu America, Inc. in its purchase of a 12,900-square-foot building at 2675-2677 American Lane in Elk Grove Village, IL.