Chris Gary Leases “Randolph” to Fronius

September 1, 2011

by Robert Carr

PORTAGE, IN-Austrian-based Fronius USA LLC, a developer and manufacturer of battery charging systems, welding technology and solar electronics, has purchased the industrial facility here known as “the Randolph” for an undisclosed amount. The property will become the firm’s North American headquarters. The 399,500-square-foot facility is situated on 24 acres off Interstate 94 in the AmeriPlex at the Port business park. Fronius announced it intends to take occupancy of the space in the third quarter of 2012. NAI Hiffman‘s Chris Gary represented the seller of the property, Lincoln National Life Insurance Co., in the transaction. Jason West with Cushman & Wakefield represented Fronius. The Indiana Economic Development Corp. offered Fronius up to $4.3 million in performance-based tax credits based on the company’s job creation plans. The city of Portage will consider additional property tax abatement. The facility, which will be used to manufacture its products for the North American market, has 32-foot clear ceilings, 48 exterior dock doors with 24 future docks and parking for 70 trailers. Holladay Properties developed the site in 2008 as a speculative industrial building. Construction was completed in 2009 and the building has been vacant ever since.

Posted by NAI Hiffman | Filed Under Industrial, Lease

NAI Hiffman brokers deal for Contract Installations

September 1, 2011

as seen in REJournals.com

September 01, 2011 | Staff Writer

Contract Installations has signed a lease for 32,783 square feet of industrial space at 333 West Washington in Mundelein, Ill. The firm will relocate to the property, where it will take 100 percent of the building which includes 2,500 square feet of office space, 18-foot clear ceilings, two interior docks and one drive-in door. The new location also allows for multiple trailer parking.

Jeff Fischer, vice president and Eric Fischer, senior associate with NAI Hiffman’s industrial services group represented Contract Installations. Jack Rosenberg, Fred Regnery and Ned Frank with Colliers International represented Colony Realty Partners in the transaction.

Posted by NAI Hiffman | Filed Under Industrial, Lease

NAI Hiffman Facilitates Lease in Bolingbrook

June 8, 2011

As Reported by Robert Carr on GlobeSt.com on June 6, 2011

BOLINGBROOK, IL-Hanger Orthopedic Group Inc., has leased 44,671 square feet within Crossings Business Center, at 386 Internationale Dr. here. Additionally, Container and Pooling Solutions, Inc. has leased the remaining 33,154 square feet at 380 Internationale Dr., also within the center. The center consists of two buildings totaling 352,700 square feet of industrial space. The park, which features 30-foot clear heights, 81 exterior docks, 15 drive-in doors, significant auto parking and trailer storage, was developed by ML Realty Partners and HSA Commercial Real Estate. The center is 100% leased. Steve Connolly, Mark Moran and John Whitehead with NAI Hiffman represented the center. Tim Cahill and Dan Rasmussen with UGL Equis represented Hanger Orthopedic, and Jason West and Sean Henrick with Cushman & Wakefield represented Container and Pool Solutions.

Posted by NAI Hiffman | Filed Under General Business, Industrial, Lease, Media Coverage, Press Releases

NAI Hiffman Brokers Western Springs Medical Office Sale

May 12, 2011

As reported in REjournals.com on May 4, 2011

: Van Zandt

: Edgerton

WSMC Partners LLC has completed the purchase of the newly named Western Springs Medical Center, a former garden center located at 4700 Commonwealth Drive in Western Springs, Illinois. Read more

Posted by NAI Hiffman | Filed Under Lease, Medical, Office, Press Releases, Sale

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

Nutrition firm leases third Aurora space

January 10, 2011

Optimum Nutrition Inc., which makes supplement powders, leased just over 212,000 feet in an Aurora industrial building that will become its distribution center. The Aurora-based company is the first tenant in the building at 900 Bilter Road, which was developed on a speculative basis without any pre-construction leases. Optimum currently has a total of 260,000 square feet in two other Aurora facilities and will keep that space for manufacturing and offices, says David Friedland, a managing partner in the Rosemont office of Newmark Knight Frank Epic who represented the tenant. The company also has an opportunity to expand in the 463,636-square-foot building, which was completed in September and is part of the Liberty Business Center. The lease is long-term, according to Donald Schoenheider, a vice-president in the local office of the landlord, Malvern, Pa. -based Liberty Property Trust. He declines to provide further details. NAI Hiffman represented Liberty. Optimum is a unit of Ireland-based nutrition and cheese company Glanbia PLC.

Source: ChicagoRealEstateDaily.com

Posted by NAI Hiffman | Filed Under General Business, Industrial, Lease