High Street Buys 262,500-SF Warehouse in Crest Hill

November 8, 2011

As seen in Costar

NAI Hiffman Brokers Sale of Logistics Center
By Eric Tilden

Michael Tenteris and Jeff Fischer of NAI Hiffman brokered the deal on behalf of High Street Equity Advisors.High Street Equity Advisors, a Boston-based investment firm, purchased a 262,500-square-foot I-55 Logistics Center building in Crest Hill, IL, from the Qualified Intermediary Land Trust of Southern Illinois for $11.6 million or $44 per square foot.

The warehouse at 21511 Division St. was built in 2006 and is leased out on a long-term basis to Goglanian Bakeries Inc. The property is on 13 acres and includes 50 exterior docks and four drive-in doors.

Posted by NAI Hiffman | Filed Under Industrial, Logistics 

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 

CenterPoint signs big BTS lease

March 29, 2010

A chemical manufacturer is the first to stake a claim at CenterPoint Intermodal Center-Joliet, CenterPoint Properties’ newest logistics center/intermodal facility just two miles north of CIC-Elwood (home of BNSF Logistics Park-Chicago). Construction is underway on a 217,712-square-foot build-to-suit lease for Northfield, Ill.-based Stepan Co.

Stepan recently signed the long-term lease on a 16.48-acre site in Joliet with CenterPoint, the developer of the building. FCL Builders is the contractor on the project. This building “kicks off with the park,” said Dan Leahy, executive vice president and partner of NAI Hiffman, and CenterPoint’s representative in the lease transaction. “Centerpoint will have the ability to build around 20 million square feet within CIC-Joliet. It’s the first of many future buildings.” Read more at REJournals.com…

Posted by NAI Hiffman | Filed Under Dan Leahy, General Business, Industrial, Logistics 

Changes within the warehousing and distribution model

December 8, 2009

By Daniel P. Leahy, SIOR
NAI Hiffman/NAI Global Logistics

LEAHY PORTRAIT 2003The warehousing and distribution industry is taking bold steps to respond to the changing economic and business circumstances we have experienced over the last several months. Demands to reduce overcapacity, improve speed from source to shelf, satisfy concerned stakeholders and comply with emerging regulations are being met with fundamental operational changes. These changes include the increased use of intermodal, maximizing information technology, green warehousing, and logistics outsourcing.

According to Commerce Department figures, retail sales improved 2.7% in August compared to a decline of 0.2% in July. It is too early to say that we are out of this downturn; however ocean trade, a key market indicator, is also making some positive traction. According to the monthly Port Tracker report by the National Retail Federation and IHS Global Insight, U.S. ports handled 1.04 million TEUs (20-foot equivalent units) in May 2009, the most recent month for which data is available. This is a 5% increase from April but down 20% from April 2008. The forecast for the first half of 2009 is 6.5 million TEUs, compared with 7.5 million that passed through the first half of 2008. While these improvements are promising, the economic recovery has a long way to go and will need to build strength through job gains, rising consumer confidence, improved housing market and retail sales in order to turn the tide.

For real estate practitioners, the silver lining during these tough times is discovering the new companies, business operations, trade lanes and industries that are emerging. Read more

Posted by NAI Hiffman | Filed Under Dan Leahy, Industrial, Logistics, Media Coverage 

NAI Hiffman’s Team of Leahy, Roth Wins Industrial Brokers of the Year

March 12, 2009

Industrial Brokers of the Year

On March 11, in front of 1500 commercial real estate industry executives, NAI Hiffman’s Daniel P. Leahy, SIOR and Adam D. Roth, CCIM were awarded the prestigious Industrial Brokers of the Year Award.  This prestigious award was bestowed on Dan and Adam at the 21st Annual Greater Chicago Food Depository charitable banquet.

The purpose of the award is to recognize and acknowledge the most prominent Industrial Brokerage Team of the year as determined by industry peers. It should be noted that Dan has been the beneficiary of this distinct honor in the past, making him one of only a few individuals to have won more than once.

Click here to read more details from Crain’s Chicago Business.

Click here to read more details from the Sun-Times.

Posted by NAI Hiffman | Filed Under Awards and Honors, Dan Leahy, General Business, Industrial, Logistics, Media Coverage