CRE Midwest

Lee & Associates announce March transactions

650_S_SCHMIDT
650 S. Schmidt

Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has completed a lease for a 180,417-square-foot industrial space located at 1401 N. Cicero in Chicago.

Lee & Associates of IL completes a 180,417 SF industrial lease on behalf of LBP Manufacturing CHICAGO, Ill. —March 30, 2015—Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has completed a lease for a 180,417-square-foot industrial space located at 1401 N. Cicero in Chicago. Principal, Brian Vanosky, Senior Associate Jay Farnam and Associate Tim McCahill of Lee Illinois represented the tenant, LBP Manufacturing, a manufacturer of consumer-preferred, sustainable, on-the-go packaging. The landlord, ML Realty Partners, was represented by Larry Goldwasser and Colin Green of Cushman and Wakefield.

Lee & Associates of IL completes a 56,049 SF industrial lease on behalf of Great Lakes Technologies in Elgin ELGIN, Ill. —March 30, 2015—Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has completed a six year lease for a 56,049-square-foot industrial pace located at 2750 Alft Lane in Elgin. Principals, John Cassidy and Kenneth Franzese represented the tenant, Great Lakes Technologies, a quality consumer power tools and products source for homeowners and professional. The landlord, TA Realty, represented themselves.

Lee & Associates of IL represent Apna Foods Inc. in the purchase of 16,250 SF industrial building ADDISON, Ill.—March 30, 2015— Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has closed a 16,250-square-foot industrial building located at 360 S. Lombard in Addison, Ill. Jay Farnam, senior associate of Lee & Associates’ Illinois office, represented the buyer, Apna Foods, Inc. John Hamilton of CBRE represented the seller, Jaken Company.

Lee & Associates completes an office lease in Libertyville on behalf of Granite Gear, LLC LIBERTYVILLE, Ill. —March 30, 2015—Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has completed a lease for a 5,212-square-foot office space located at 950 Technology Way in Libertyville. Senior Vice President, Mike Plumb of Lee & Associates of Illinois represented the tenant, Granite Gear, LLC, an award-winning manufacturer of cutting edge outdoor and lifestyle products. The landlord, EverWest Real Estate Partners was represented by Jason Streepy and Jason Wurtz of NAI Hiffman.

Lee & Associates completes 34,596 SF industrial lease on behalf of ELAN Industries in Bolingbrook CHICAGO, Ill. —March 30, 2015—Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has completed a lease for a 34,596-square-foot industrial space located at 650 Schmidt Road in Bolingbrook. Principals, Jeff Galante and Terry Grapenthin of Lee & Associates of Illinois represented the tenant ELAN Industries, a design and builder of electronic controls for original equipment manufacturers. The landlord, ML Realty Partners, was also represented by Lee & Associates of Illinois.

Lee & Associates of IL negotiate sale of a 196,000 SF crane served facility on a 14 acre site in Gary, Ind. GARY, Ind.—March 30, 2015— Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has closed a $2.2 million sales transaction for a 196,000 SF industrial building located at 4000 E. 7th Ave. in Gary, Ind. Walter Murphy, principal of Lee & Associates’ Illinois office, represented the seller, Four C Holdings, LLC. Ed Wabick of Paine Wetzel represented the buyer, RJRJ, LLC.

Lee & Associates of IL complete sale of 52,000 SF industrial building in Burr Ridge BURR RIDGE, Ill.—March 30, 2015— Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has closed a $4.150 million sales transaction for a 52,000-square-foot truck terminal industrial building located at 7545 S. Madison in Burr Ridge. Justin Fierz, principal, Brian Vanosky, principal and Tim McCahill, associate of Lee & Associates’ Illinois office, represented the seller, RAB Properties, Inc. Kip Hennelly of Patrick Commercial Real Estate represented the buyer.