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.

  • PAINE WETZEL / TCN SELLS 4.551 ACRES TO DEVELOPER FOR REDEVELOPMENT PROJECT

  • THIRD QUARTER 2016 DEAL SPOTLIGHT PW GLOBAL CORPORATE SERVICES

  • PAINE WETZEL / TCN SELLS 96,500 SQUARE FOOT INDUSTRIAL BUILDING FOR ADAPTIVE RE-USE PROJECT

    (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 Worldwide

    Paine 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

    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. 

  • 2016 IMPACT AWARD FINALISTS

  • 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.

  • FIRST QUARTER 2016 DEAL SPOTLIGHT - PW GLOBAL CORPORATE SERVICES

     

  • 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 names its 2015 top producers

     

    2015 Top Producers

     

    Paine/Wetzel Associates, TCN has honored Curt Stanton, SIOR and Jeff Blake, SIOR as their 2015 Top Producers.

    Stanton, a principal of the firm and 30-year veteran, completed 45 transactions in 16 states and 7 countries in 2015. He was also honored in 2015 by SIOR for his exemplary performance on behalf of his clients.

    Blake, senior vice president, has been awarded Top Producer honors multiple times in his career at Paine Wetzel.  Known for his tenacious representation of his clients, Blake’s 2015 was highlighted by a 140,000-square-foot lease on behalf of Space Center, Inc. in Aurora, Illinois, and the $20 million lease with M&R Printing Equipment in Roselle, Illinois.

     

    The firm has also honored Emily Dretzka, Phil Reiff, Terry Lync and Phil Reiff Sr. with awards of distinguish for exemplary performance.

    CLICK HERE FOR THE ORIGINAL ARTICLE

  • PW'S Q4 2015 INDUSTRIAL MARKET OVERVIEW

    CLICK HERE FOR FULL REPORT

  • PW Represents M & R Printing Equipment in 106,892 SF in Glen Ellyn, IL

  • TCN Worldwide’s State of the Market: Central Region, 4th Quarter 2015 | by Hugh F. Kelly, PhD, CRE

    CLICK HERE TO READ MORE

     

  • CASE STUDY ~ Tinley Park, IL

    Our client was leasing approximately 13,000 square feet of space in a multi-tenant flex building with a lease expiration in December 2014. The client had outgrown their location and needed to double their space quickly. PW was engaged to assist in either finding another suitable property with the adequate space requirement, or produce a method in which to expand within their existing building.

  • September 2015, PAINE/WETZEL’S CORPORATE TEAM SOLD 31,000 SF INDUSTRIAL BUILDING IN ITALY

    Paine/Wetzel is pleased to announce that Principal, Curt Stanton and Senior Associate, Patrick Fitzgerald along with Antonio Campagnoli from IL Punto Real Estate Advisor, completed the sale of 31,000 square feet at Lainate, cadastral sheet 12, Milan, Italy to Wilmil on behalf of their client, Emerson Industrial Automation Italy
  • 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.