Adam Roth: Rail is the Future and Chicago is on the Right Track

June 2, 2011

As Reported by Mark Thomton in REjournals.com on May 25, 2011 

Adam Roth has worked in the distribution and logistics industry from almost every angle imaginary. From working as a third-shift dock supervisor in a small Midwestern market while employed by a logistics company, to dealing with C-suite executives as a member of NAI Hiffman’s Industrial Services Group, he can honestly say that he has worked on both sides of the equation.

As the cost of fuel prices go, so does the industry. Roth works extensively at the CenterPoint Intermodal Center in Joliet and Elwood and he recently explained to Mark Thomton, editor of the Illinois Real Estate Journal, why rail is going to play an increasing role in distribution operations and why Chicago is perfectly situated to capitalize on it for the foreseeable future.

How did you get started in commercial real estate?

Before getting into commercial real estate I was in the logistics industry for just over 10 years. I was transferred to Chicago while I was working at a 3PL. Two close friends of mine, unsolicited, mentioned that I would be good at real estate. Read more

Posted by NAI Hiffman | Filed Under Adam Roth, Industrial, Logistics, Media Coverage, O'Hare International Airport 

DEVICOR MEDICAL PRODUCTS OPENS OFFICES IN SIX CITIES WORLDWIDE

April 14, 2011

NAI Hiffman assists new medical products developer in securing office leases globally

Adam Roth, CCIM, SIOR

Chicago, IL (April 14, 2011) – Cincinnati, Ohio-based Devicor Medical Products, Inc. has signed leases totaling over 40,000 square feet of office space in six cities worldwide with assistance from NAI Hiffman and five other NAI Global member firms on three continents. NAI Hiffman’s Adam Roth, CCIM, SIOR, served as the coordinating broker for their global expansion. The newly created company commenced their operations less than one year ago, identifying six cities where they required office space for their local sales force. The leases signed to date total over $6 million in transaction value.

The latest lease was signed with assistance from Hideki Tsuchiya and Akiko Takatsugi with NAI Japan in Chiyoda-ku Tokyo, where Devicor Medical leased 2,404 square feet of space at 1-8-3 Marunouchi in a building owned by Mori Trust.

The company’s headquarters, which are located in the Cincinnati area, opened for business in June of 2010. The 29,891-square-foot office is in a 150,000 square foot building at 300 E-Business Way in Sharonville, Ohio. Andrew Kahn with NAI Bergman represented Devicor in the transaction locally.

Jon Salkin, executive vice president of corporate development and strategy with Devicor Medical Products, said “NAI provided market insight with local brokers who made the execution of our multiple market requirements a focused, deliberate process.” He added, “the result was a speedy rollout of our new company within budget and on time for our people on the ground.”

Devicor’s Paris office lease commenced in January 2011. Mickael Jones of NAI France assisted in identifying the 3,154-square-foot space located at 1 rue Camille Desmoulins in Issy les Moulineaux, a suburb situated just southwest of the city’s 15th arrondissement.

Also opening in January was Devicor’s Hamburg 1,000-square-foot office, located at Suedportal 3 in Norderstaedt, Germany. Martin Hoeppler with NAI apollo assisened with the transaction locally.

 Devicor also recently completed leases in Rome, Italy and Seoul, Korea.

Posted by NAI Hiffman | Filed Under Adam Roth, Corporate Solutions, General Business, Logistics, Media Coverage, Medical, NAI Global, Office, Press Releases 

Sappi renews with 225k SF direct lease in Bedford Park

April 12, 2011

REJournals.com, Staff Writer

Sappi Paper, 6558 W 73rd Street, Bedford Park, IL

UGL Services, a division of UGL Limited has announced that Sappi Fine Paper North America, a global paper products manufacturer and supplier, has inked a 225,000-square-foot lease for industrial warehouse space at 6558 W. 73rd Street in Bedford Park, Ill.

William Strey, vice president of the UGL Services industrial group in Chicago, and Dirk Hrobsky, UGL Services executive vice president in New York City, represented Sappi in negotiations for a long-term lease for space inside this 309,479-square-foot rail-served warehouse near the I-55 Industrial Corridor. Adam Roth, vice president of NAI Hiffman, represented the landlord, the Mirvac Industrial Trust. Mirvac has 64 industrial assets in the Chicago region.

This is the first direct lease between Sappi and Mirvac in the Chicago market. Prior to this time, Sappi had a sublease arrangement with another tenant at its current location, a 3PL service provider to the retail industry, the Nexus Distribution Group. As the expiration date approached, Sappi engaged UGL Services to conduct a market survey and analysis of alternative industrial space for possible relocation. The team looked at sites in close-by Bridgeview and in Alsip, but in the end opted to remain in place. The direct lease agreement has helped to minimize Sappi’s business operating risk and it has resulted in a significant decrease in their occupancy costs.

According to Bill Strey, “we looked at several possible alternative locations. However, the current building’s amenities and location, along with aggressive economic terms, worked well for Sappi’s long term business plan.”

Final terms of the lease agreement were not divulged.

Posted by NAI Hiffman | Filed Under Adam Roth, General Business, Industrial, Lease, Media Coverage