Paine/Wetzel/TCN Worldwide is pleased to announce that Whit Heitman, Principal; Sam Badger, Senior Vice President; and Brad Weiner, Vice President have completed five industrial transactions in Chicago, Waukegan, Skokie and Wheeling, IL.
Decorative Container, Inc., a full service silk-screen printer and packaging distributor, has purchased a 38,000 square foot building located at 6935-39 W. 62nd Street in Chicago. Decorative Container is relocating within the Chicago area and chose this facility as a new location for their operations due to the size of the building, its amenities, and the excellent location. Whit Heitman, Principal, Sam Badger, Senior Vice President and Brad Weiner, Vice President of Paine/Wetzel/TCN Worldwide represented the buyer in the transaction. Jeffrey Locascio worked on behalf of the seller, Newmark Knight Frank.
Turner Acceptance Corporation, a company who has been offering auto loans to Independent Used Car Dealers since 1973, has leased a 40,816 square feet at 4900 Howard in Skokie, IL. Due to the expansion of the company, it has signed a long term lease and is relocating from a smaller facility in Evanston, IL. The company chose this facility due to the associated parking area and the larger office space. Whit Heitman, Principal, Sam Badger, Senior Vice President and Brad Weiner, Vice President of Paine/Wetzel/TCN Worldwide represented the landlord, Walker Partners, LLC. Baum Reality represented the tenant.
POWERVAR, Inc., a global provider of power protection,is expanding their operations and has leased 32,000 square feet of additional space at 1605 Waukegan Road in Waukegan, IL. The company chose the facility due to the proximity of their headquarters. Features of the building include 28’ clear ceiling height, three docks, ample warehouse space, ESFR and A/C throughout. Whit Heitman, Principal, Sam Badger, Senior Vice President and Brad Weiner, Vice President of Paine/Wetzel/TCN Worldwide represented the building owner, Prudential, in the transaction.
Alliance Disaster Kleenup, a company specializing in commercial, industrial, and residential water, fire, mold, contents, or storm damage repairs and reconstruction , has leased 14,032 square feet within in a 31,241 square foot building at 574 Wheeling Road in Wheeling, IL. To accommodate the expansion of their operations, the company is relocating from their 609 Landwehr Road, Northbrook, IL location and chose this facility due to the excellent exposure it will receive on Route 83. Whit Heitman, Principal; Sam Badger, Senior Vice President; and Brad Weiner, Vice President of Paine/Wetzel/TCN Worldwide represented the landlord and Cindy Dixon of The Dixon Group represented the tenant in the transaction.