Paine/Wetzel is pleased to announce that Phil Reiff , Sr, Senior Vice President and Phil Reiff, Jr. Associate of the firm have completed a 14,163 square foot industrial sale at 1463 Lunt Avenue in Elk Grove Village, Illinois.
VK Industrial I, LP, has purchased the office/warehouse facility as an investment. Located within the Centex Industrial Park in Elk Grove, the 18’8” clear height building is currently 100% leased to GP Logistics and features and new roof. VK Industrial I, LP, is an acquisition fund of Venture One Real Estate, LLC and has acquired 700,000 square feet of industrial
property in the Chicago market since opening in September of 2010.
Phil Reiff, Sr., Senior Vice President and Phil Reiff, Jr., Associate of Paine/Wetzel represented the seller, Theydon Enterprises, LLC, in the transaction.
Paine/Wetzel headquartered in Chicago, is a full-service real estate firm providing comprehensive brokerage services to investors, users and owners of commercial, office and industrial properties.
Paine/Wetzel is pleased to announce that the team of Whit Heitman, Principal; Samuel Badger, Senior Vice President; and Brad Weiner, Vice President has completed four industrial transactions in Chicago and Wisconsin.
RV Imports, a food distributor, has purchased a 60,096 square foot industrial building located at 13825 West Laurel Drive in Lake Forest, Illinois to accommodate the company’s expansion. Situated on 3.5 acres, the facility is divided into a 41,050 square foot unit and a 19,046 square foot unit. Features of the overall building include 8,080 square feet of office space, two exterior docks, one interior dock, one drive-in door and parking for 96 cars. The property benefits from easy access to Skokie Highway, I-94 and Route 176. Whit Heitman, Principal; Samuel Badger, Senior Vice President; and Brad Weiner, Vice President of Paine/Wetzel represented the buyer in the transaction. Ryan Bain, Keith Puritz, Brett Kroner and Zachary Graham of CB Richard Ellis worked on behalf of the seller, Duke Realty.
Benchmark Products has leased 30,754 square feet of space located at 1665 Waukegan Road in Waukegan, Illinois for the expansion and relocation of the company’s operations already in Waukegan. Benchmark supplies products for critical manufacturing environments and chose this location due to the growth potential available in the building as well as the nice business park setting and close proximity to the expressway. Whit Heitman, Principal; Samuel Badger, Senior Vice President; and Brad Weiner, Vice President of Paine/Wetzel represented both the tenant and the landlord, Prudential, in the transaction.
Kim & Scott’s Gourmet Pretzels has renewed their lease on 20,000 square feet of space located at 2107 West Carroll Avenue in Chicago. Kim & Scott’s Gourmet Pretzels was founded in 1995 by husband and wife team Kim and Scott Holstein. The company makes all natural, twisted by hand soft pretzels in a nut-free bakery. The pretzels can be found in the frozen grocery aisles of Jewel, Kroger, SuperTarget and Whole Foods. Whit Heitman, Principal; Samuel Badger, Senior Vice President; and Brad Weiner, Vice President of Paine/Wetzel represented both the tenant and the landlord, Superior Partners, in the transaction.
Bucher Hydrolics has renewed their lease on 18,000 square feet of industrial space at 9900 58th Place in Kenosha, Wisconsin. The company is an international leading provider of innovative hydraulic drive and control technologies for mobile and industrial hydraulic applications. Whit Heitman, Principal; Samuel Badger, Senior Vice President; and Brad Weiner, Vice President of Paine/Wetzel represented both the tenant and the building owner, Flyst Technologies, in the transaction.
Paine/Wetzel headquartered in Chicago, is a full-service real estate firm providing comprehensive brokerage services to investors, users and owners of commercial, office and industrial properties.
Paine/Wetzel ONCOR International is pleased to announce that the team of Gregory Wright, Senior Vice President and Adam Naparsteck, Associate has completed two industrial lease transactions in the suburbs of Chicago.
Vapor Power International, a manufacturer of boilers, packaged steam generators, thermal fluid heaters, and electric boilers, has renewed their lease on a 51,200 square foot industrial building located at 551 County Line Road in Franklin Park, IL. The company chose to stay in the building primarily due to the amenities such as cranes within the building as well as the excellent location. Gregory Wright, Senior Vice President and Adam Naparsteck, Associate of Paine/Wetzel ONCOR International represented the building owner, County Line Investors, LLC, in the transaction and Andy Corken of CBRE worked on behalf of the tenant.
Premier Pottery Imports has leased 12,000 square feet of space within a 54,569 square foot building located at 421 N. Raddant in Batavia, IL. The wholesaler of pottery goods is expanding their operations and relocating from Forest Park to this newly renovated industrial building. The new space boasts a new showroom and has immediate expressway access. Gregory Wright, Senior Vice President and Adam Naparsteck, Associate of Paine/Wetzel ONCOR International represented the tenant in the transaction and Carrie Wagener along with Andrea Hauger of Owen Wagener & Co. worked on behalf of the building owner, Bulkema #19, LLC, in the transaction.
Paine/Wetzel ONCOR International Inc., headquartered in Chicago, is a full-service real estate firm providing comprehensive brokerage services to investors, users and owners of commercial, office and industrial properties.
Paine/Wetzel ONCOR International is pleased to announce that Whit Heitman, Principal and Samuel Badger, Senior Vice President of the firm have completed the lease of a 102,300 square foot industrial building located at 4005 Haworth Parkway in McDonough, Georgia.
The Visual Pak Companies is a contract packaging solutions provider. The company chose the building primarily because of its central location and close proximity to existing clients, as well as, expansion capabilities and loading amenities.
Whit Heitman, Principal of Paine/Wetzel ONCOR International along with Bill Dorn of Atlanta-based Hughes Commercial Real Estate worked on behalf of the tenant in the transaction and the building owner, Becknell Properties, was not represented.
Paine/Wetzel ONCOR International Inc., headquartered in Chicago, is a full-service real estate firm providing comprehensive brokerage services to investors, users and owners of commercial, office and industrial properties.
Paine/Wetzel ONCOR International is pleased to announce that Brad Weiner, Vice President of the firm has completed the sale of a 168,350 square foot industrial building to Key Foods Services in Chicago, Illinois.
Key Foods Services has purchased the property located at 4130 S. Morgan Street within the Stockyards Industrial Park to accommodate the company’s expansion. This facility will provide needed space for the wholesale food supplier in addition to their other location at 620 W 24th Place in Chicago. Key Foods Services chose this location primarily due to its central location within the Stockyards Industrial Park, immediate access to I-94 and I-55 as well as close proximity to Midway Airport. Features of the 21’ clear facility include 10,000 square feet office space, nine docks and parking for 250 cars.
Brad Weiner, Vice President of Paine/Wetzel ONCOR International along with George Maragos of CB Richard Ellis represented the seller, Morse Automotive, in the transaction and Sally Macoicz of Cushman and Wakefield worked on behalf of the buyer.
Paine/Wetzel ONCOR International Inc., headquartered in Chicago,
is a full-service real estate firm providing comprehensive brokerage
services to investors, users and owners of commercial, office and
industrial properties.
Paine/Wetzel ONCOR International is pleased to announce that Edward Wabick, Principal; Jerry Sullivan, Principal; and Brandon Wright, Associate of the firm have completed the sale of an over 350,000 square foot industrial building to G&W Electric Co. in Bolingbrook, Illinois.
G&W Electric Co., a manufacturer and distributor of high voltage electrical distribution equipment, is relocating their corporate headquarters from Blue Island, Illinois to this over 350,000 square foot industrial building located at 305 Crossroads Parkway in Bolingbrook. G&W intends to modify the existing facility to suit their manufacturing processes for medium and high voltage electrical equipment as well as establishing their world headquarters at this site.
“The Village of Bolingbrook is very excited to see such a high quality company locate their new corporate headquarters to the area and bring approximately 320 jobs,” stated Wabick. “G&W primarily chose the building due to its location with easy expressway access, close proximity to several amenities including hotels, restaurants, O’Hare International Airport, Midway Airport as well as the city of Chicago.”
Founded in 1905, G&W Electric is a global leader in providing innovative solutions to the electric power industry. Their product offerings include load and fault interrupting switchgear, automatic circuit reclosers, SCADA and distribution automation products, cable terminations, cable joints and high current limiting system protection devices. The company combines cutting-edge design and manufacturing technology with world-class ISO certified quality systems to provide customized solutions for customers.
Edward Wabick, Principal and Brandon Wright, Associate of Paine/Wetzel ONCOR International represented the buyer, G&W Electric, in the transaction and Jerry Sullivan, Principal of Paine/Wetzel ONCOR International worked on behalf of the seller, Prudential Real Estate Investors.
Paine/Wetzel ONCOR International Inc., headquartered in Chicago, is a full-service real estate firm providing comprehensive brokerage services to investors, users and owners of commercial, office and industrial properties.
Paine/Wetzel ONCOR International is pleased to announce that it has completed two industrial sale transactions in Aurora, Illinois and Pleasant Prairie, Wisconsin.
Trigon International has purchased a 75,203 square foot industrial building within the Meridian Business Campus located at 4000 Sussex Avenue in Aurora, Illinois to accommodate the company’s expansion and relocation of their operations from Bolingbrook, Illinois. Specializing in the manufacturing of precision machined components and assemblies, the company acquired this property primarily because of the immediate access to I-88 as well as the close proximity to restaurants, hotels, shopping and metra stop. Features of the 24’ clear property include 11,500 square feet of office space, four interior docks, two drive-in doors, heavy power, air conditioned warehouse and parking for 118 cars. Jerry Sullivan, Principal and Brandon Wright, Associate of Paine/Wetzel ONCOR International represented the buyer in the transaction and the seller, Duke Realty, was represented by Elise Couston, SIOR, Principal and William Kerrins, Senior Vice President of Paine/Wetzel ONCOR International.
Kirsan Engineering, a contract manufacturer of precision machined components, has purchased a 32,500 square foot industrial building within the LakeView Corporate Park located at 8201 100th Street in Pleasant Prairie, Wisconsin. The company is relocating its operations from Kenosha, Wisconsin and chose this facility primarily because of the location within the Park and the current infrastructure met their needs. Whit Heitman, Principal; Sam Badger, Senior Vice President and Brad Weiner, Vice President of Paine/Wetzel ONCOR International represented the buyer in the transaction and Ryan Kehoe of Grubb & Ellis worked on behalf of the seller, PPG Industries.
Paine/Wetzel ONCOR International Inc., headquartered in Chicago, is a full-service real estate firm providing comprehensive brokerage services to investors, users and owners of commercial, office and industrial properties.
Paine/Wetzel ONCOR International is pleased to announce that Elise A. Couston, SIOR, Principal of the firm has completed a 129,079 square foot lease at 2521-2601 Allen Drive in Elk Grove Village, Illinois.
Arrow Plastic Manufacturing Company has renewed their lease on 129,079 square feet of space within a 250,000 square foot industrial building in Elk Grove Village. The company chose to stay in this location due to its close proximity to the company’s corporate offices and their primary manufacturing facility.
Arrow Plastic Manufacturing Company – An American Company was founded in 1961. The company designs, manufactures and distributes high quality, affordable products in hydration, tabletop, kitchen, cleaning, garden, storage and juvenile specialty products. Arrow is a certified as an ISO 9001 company and their products have a “Long Service Life” making them environmentally sustainable.
Elise A. Couston, SIOR, Principal of Paine/Wetzel ONCOR International represented Arrow in the transaction and Pat McCourt and Chris Zukel of CBRE worked on behalf of the building owner, Chancellery Business Park LLC.
Paine/Wetzel ONCOR International Inc., headquartered in Chicago, is a full-service real estate firm providing comprehensive brokerage services to investors, users and owners of commercial, office and industrial properties.
Paine/Wetzel ONCOR International is pleased to announce that it has completed two industrial lease transactions in Chicago, IL.
Amigos Pallets has leased 11,000 square feet of space within the 80,000 square foot industrial building located at 2457 West Grand Avenue in Chicago. The company chose the building for their pallet storage business due to the excellent location. Features of the 18’ clear property include: two interior truck docks with plates, rear drive- in door, metal halide shoplighting and rear parking. Albert Schulman, CCIM, Senior Vice President of Paine/Wetzel ONCOR International represented Amigos Pallets in the transaction and Rodger Chenore, Senior Vice President, Jeff Girling, Vice President and Terence Lynch, Senior Associate of Paine/Wetzel ONCOR International, worked on behalf of the building owner, Shore Steel.
DZ Auto Care, Inc. has leased a 3,200 square foot building at 4632 W. Lawrence Avenue in Chicago as a new location for their auto service. The owner chose this elusive garage building with parking due to the excellent condition of the building and the location that is within blocks to I90/I-94. Albert Schulman, CCIM, Senior Vice President of Paine/Wetzel ONCOR International represented both the tenant and the landlord, 4632 W. Lawrence Ave. LLC, in the transaction.
Paine/Wetzel ONCOR International Inc., headquartered in Chicago, is a full-service real estate firm providing comprehensive brokerage services to investors, users and owners of commercial, office and industrial properties.
Paine/Wetzel ONCOR International is pleased to announce that Elise A. Couston, SIOR, Principal of the firm was recently inducted into the Midwest Commercial Real Estate Hall of Fame by Midwest Real Estate News.
Elise A. Couston, SIOR, was one of only 60 recipients within 13 Midwestern states to be inducted into the 2010 inaugural Hall of Fame by the reputable Midwest Real Estate News publication.
For her outstanding achievement and successful career, Elise was recognized as a strong player in the industry as well as an inspiration. “Elise is one of the sharpest people in commercial real estate,” said one of her peers. “It’s no surprise to me that she’s risen so far so fast in her industry. She’s an amazing talent. She just has a knack for this business.” Elise has completed lease and sale transaction exceeding $650 million throughout her career.
Paine/Wetzel ONCOR International Inc., headquartered in Chicago, is a full-service real estate firm providing comprehensive brokerage services to investors, users and owners of commercial, office and industrial properties.
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