Wednesday, April 24, 2024
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Lee & Associates

IllinoisIndustrialLeasing ActivityLee & AssociatesMidwest

Sunset Healthcare Solutions Signs 54,153 SF Industrial Lease in Elgin, Illinois

by Kristin Harlow

ELGIN, ILL. — Sunset Healthcare Solutions has signed a 54,153-square-foot industrial lease at 2725 Alft Lane in Elgin. The lease brings the 108,307-square-foot building to full occupancy. Kenneth Franzese and John Cassidy of Lee & Associates represented the landlord, a private partnership. David Haigh of NAI Hiffman represented Sunset Healthcare Solutions, which is a national manufacturer and distributor of medical respiratory equipment for hospitals and private homes. The company is relocating from Bloomingdale.

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IllinoisLeasing ActivityLee & AssociatesMidwestRetail

iCode Signs 2,262 SF Retail Lease in Naperville, Illinois

by Kristin Harlow

NAPERVILLE, ILL. — iCode, an after-school program for kids focused on coding activities and STEM education, has signed a 2,262-square-foot retail lease at 632 Amersale Drive in the Chicago suburb of Naperville. Chad Littleton of Morrow Hill represented the tenant, while Michael Petrik and Rick Scardino of Lee & Associates represented the landlord, Jones Family Naperville LLC. STEM stands for science, technology, engineering and mathematics.

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AcquisitionsIndustrialLee & AssociatesTexas

Lee & Associates Negotiates Sale of 20-Acre Industrial Development Site in Valley View, Texas

by Taylor Williams

VALLEY VIEW, TEXAS — Lee & Associates has negotiated the sale of a 20-acre industrial development site in Valley View, about 50 miles north of Fort Worth. The site has frontage along I-35. Jarrett Huge and Alex Wilson of Lee & Associates represented the undisclosed seller in the transaction. The buyer, which also requested anonymity, plans to develop an RV parking facility at the site.

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AcquisitionsIllinoisIndustrialLee & AssociatesMidwest

Lee & Associates Negotiates Sales of Three Industrial Buildings in Suburban Chicago

by Kristin Harlow

ST. CHARLES AND WEST CHICAGO, ILL. — Lee & Associates has negotiated the sales of three industrial buildings in the Fox Valley submarket of suburban Chicago. In the first transaction, the brokerage firm’s Andrew Block and Michael Plumb represented HFI Manufacturing in its $7.3 million purchase of a 60,196-square-foot property located at 3925 Stern Ave. in St. Charles. The duo also represented HFI in the sale of its 48,130-square-foot building at 1100 Carolina Drive in West Chicago. HFI is expanding and needed a larger facility for its stainless-steel manufacturing operations. The buyer of 1100 Carolina Drive was Paclantic Naturals LLC. In the third transaction, Andrew Block and Nick Eboli of Lee & Associates represented Eaglestone in the sale of a 19,888-square-foot property located at 3705 Swenson Ave. in St. Charles. A private buyer purchased the facility for $2.1 million. Eaglestone, a manufacturer of conveyor systems for the food processing and packaging industries, has expanded its operations into a larger 85,000-square-foot building at 1560 Frontenac Road in nearby Naperville. Block and Eboli also assisted Eaglestone in securing the new location.

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AcquisitionsIndustrialLee & AssociatesTexas

Lee & Associates Brokers Sale of 10-Acre Industrial Development Site in South Dallas

by Taylor Williams

DALLAS — Lee & Associates has brokered the sale of a 10-acre industrial development site comprising two parcels at 4225 and 4551 Cedardale Drive in South Dallas. Alex Wilson and Jarrett Huge of Lee & Associates represented the buyer, LDSR Real Property, which plans to construct an industrial service facility on the site. The name and representative of the seller were not disclosed.

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IndustrialLeasing ActivityLee & AssociatesTexas

Lee & Associates Negotiates 8,710 SF Lease at Industrial Flex Complex in Richardson, Texas

by Taylor Williams

RICHARDSON, TEXAS — Lee & Associates has negotiated an 8,710-square-foot lease at Arapaho Place, a 151,728-square-foot industrial flex complex located in the northeastern Dallas suburb of Richardson. Jessica Reinhardt, George Tanghongs and Ally Tanghongs of Lee & Associates represented the landlord, an entity doing business as Dallas North Industrial LLC, in the lease negotiations. Nathaniel Barrett of White Rock Realty represented the tenant, Indian software developer Incresol Inc.

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IndustrialLeasing ActivityLee & AssociatesTexas

Lee & Associates Negotiates 5,500 SF Industrial Lease in South Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Lee & Associates has negotiated a 5,500-square-foot industrial lease in South Fort Worth. According to LoopNet Inc., the newly renovated building at 9727-9733 South Freeway was built in 1978 and totals 16,060 square feet. Taylor Stell and Schaefer Amos of Lee & Associates represented the landlord, Bleecker Partners, in the lease negotiations. The name and representative of the tenant were not disclosed.

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IllinoisIndustrialLeasing ActivityLee & AssociatesMidwest

Lee & Associates Negotiates Pair of Industrial Lease Renewals in Suburban Chicago

by Kristin Harlow

ITASCA AND ELMHURST, ILL. — Lee & Associates of Illinois has negotiated a pair of industrial lease renewals totaling 112,917 square feet in DuPage County. Jeff Janda and Mike Plumb of Lee & Associates represented tenant Atlas Wire in its lease of 54,690 square feet at 1601 Glenlake Ave. in Itasca. Building owner, Prologis, was self-represented. Janda also represented landlord DRA Advisors on a lease of 58,227 square feet at 951-953 Larch Ave. in Elmhurst. Kevin Segerson of CBRE represented the tenant, Closet Works.

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301-321-Herrod-Blvd.-South-Brunswick-New-Jersey
IndustrialLeasing ActivityLee & AssociatesNew JerseyNortheast

Lee & Associates Arranges 255,000 SF Industrial Sublease in South Brunswick, New Jersey

by Taylor Williams

SOUTH BRUNSWICK, N.J. — Lee & Associates has arranged a 255,000-square-foot industrial sublease in South Brunswick, about 50 miles south of New York City. According to LoopNet Inc., the 610,949-square-foot property at 301-321 Herrod Blvd. was built on 39.5 acres in 1998 and features a clear height of 27 feet and 119 parking spaces. Drew Maffey, Will Ziegler and Matt Esposito of Lee & Associates represented the subtenant, an undisclosed storage company, in the lease negotiations. Dave Saltzman, also with Lee & Associates, represented the sublandlord, which also requested anonymity.

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IllinoisIndustrialLeasing ActivityLee & AssociatesMidwest

Tru Vue Signs 299,200 SF Industrial Lease Renewal in McCook, Illinois

by Kristin Harlow

MCCOOK, ILL. — Tru Vue, a manufacturer of glazing products for the custom picture framing, museum, photography, technical glass and acrylic markets, has renewed its 299,200-square-foot industrial lease at 9400 W. 55th St. in McCook, an industrial suburb of Chicago. Fischer and Co. and Tom Condon of Lee & Associates represented the tenant. Terry Grapenthin and Ryan Earley of Lee & Associates represented the owner, High Street Logistics Properties.

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