(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.
(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.