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. Our research team tracks deals and market trends giving our associates the information they need to succeed.

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Review our case studies and latest news items to see the creative solutions we created for our clients.

Recent News/Blogs

02/24/2016 BROKERAGE, NEWS & EVENTS

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 

 

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12/11/2015 GLOBAL, NEWS & EVENTS, CASE STUDIES

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.

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12/11/2015 NEWS & EVENTS

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
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12/08/2015 GLOBAL

September 2015, PAINE/WETZEL’S CORPORATE TEAM LEASED 201,889 SF INDUSTRIAL BUILDING IN CHINO, 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 Closetmaid in 201,889 square feet at 5150 Edison Avenue, Chino, CA.

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10/22/2015 NEWS & EVENTS, BROKERAGE

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. 

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08/26/2015 NEWS & EVENTS

PAINE/WETZEL REPRESENTS TRUCKING COMPANY RENEWING SPACE

Paine/Wetzel TCN Worldwide (PW) is pleased to announce that Senior Vice President Phil Reiff, Sr., and Senior Associate Phil Reiff recently represented United Global Logistics in a lease renewal in Itasca.

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08/26/2015 NEWS & EVENTS, BROKERAGE

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.

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08/26/2015 NEWS & EVENTS, BROKERAGE

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.

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08/26/2015 NEWS & EVENTS, BROKERAGE

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. 

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08/26/2015 NEWS & EVENTS, BROKERAGE

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.

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08/26/2015 NEWS & EVENTS, BROKERAGE

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. 

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08/12/2015 GLOBAL, NEWS & EVENTS

PAINE/WETZEL’S CORPORATE TEAM SOLD 11,600 SQUARE FOOT INDUSTRIAL FACILITY IN MONCHENGLADBACH, GERMANY

July 2015

Paine/Wetzel is pleased to announce that Principal, Curt Stanton and Senior Associate, Patrick Fitzgerald along with Thorsten Wolf of Berendes & Partner, represented Emerson Network Power in the sale of an 11,600 square foot warehouse / office building to Yeti Air Gmbh.

 

 

 

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07/30/2015 GLOBAL, NEWS & EVENTS

PAINE/WETZEL’S CORPORATE TEAM NEGOTIATED 7-YEAR RENEWAL/EXPANSION IN ASHBURN, VA.

ASHBURN, VA

July 2015

Paine/Wetzel is pleased to announce that Principal, Curt Stanton and Senior Associate, Patrick Fitzgerald along with Casey Veatch of Veatch Commercial Real Estate, completed a 7-year renewal/expansion for Liebert Corporation who occupies 18,113 square feet in Ashburn, VA.

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07/24/2015 MARKET REPORTS, RESEARCH

PW's Q2 2015 Industrial Market Overview

The overall amount of vacant space in the Greater Chicagoland Industrial market continued

to decrease at the mid-year mark of 2015. An uptick in tenant demand during the second

quarter contributed to an improved rate of 7.82% of 1.2 billion square feet of industrial

inventory remaining vacant throughout Chicagoland, Northwest Indiana, and Southeast

Wisconsin. The vacancy rate of the Greater Chicago Metro market, excluding the

submarkets of Northwest Indiana and Southeast Wisconsin, fell fourteen basis points since

the previous quarter to 7.73%, the lowest level since the first quarter of 2007 when it

decreased to 7.68%.

View the Aritcle

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07/15/2015 BROKERAGE, GLOBAL, NEWS & EVENTS

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.

 

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07/13/2015 BROKERAGE, GLOBAL, NEWS & EVENTS

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.

 

 

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06/10/2015 BROKERAGE, GLOBAL, NEWS & EVENTS

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.

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06/10/2015 BROKERAGE, NEWS & EVENTS

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.

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05/14/2015 NEWS & EVENTS

DYNAMIC O’HARE INDUSTRIAL SUBMARKET REGAINS ITS BEAT ON DEVELOPMENT FRONT by Phil Reiff Jr.

Chicago’s 1.2 billion-square-foot industrial market has weathered the Great Recession and is now showing strong growth through expansion of the region’s traditional boundaries and by way of redevelopment in landlocked areas. At the center of this trend is O’Hare International Airport — sixth in the nation and 17th in the world in air cargo tonnage. All totaled, the O’Hare industrial submarket contains 103 million square foot of product. Since the vacancy rate peaked at approximately 13 percent in 2010, the O’Hare industrial submarket has rebounded in a big way. In fact, the submarket has recorded positive absorption every year since 2011. The vacancy ... Read more

04/23/2015 BROKERAGE, NEWS & EVENTS

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.

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Most Recent from brokerage

04/07/16

     (Chicago, IL) – Paine Wetzel – TCN Worldwide (PW) is pleased to announce that Vice President, Terry Lynch... Read more

Most Recent research

02/05/15

  At the start of this project, Emerson occupied approximately 27,800 square feet of office/assembly space in Hermina Towers located in... Read more