Industrial

WAUKEGAN, ILL. — Crownhill Packaging Ltd. has leased 45,000 square feet of industrial space at 1696 S. Lakeside Dr. in Waukegan. Crownhill, a Canada-based distribution company, is entering the United States market with this new location. The facility features four loading docks, 2,000 square feet of office space, 24-foot clear ceiling heights and an ESFR sprinkler system. Steve Sullivan of NAI Hiffman represented the tenant; Whit Heitman, Samuel Badger and Jason Weinhaus of Paine/Wetzel•ONCOR International represented the landlord, Five Crowns Capital, in the transaction.

FacebookTwitterLinkedinEmail

WILLOWBROOK, ILL. — Walsroder Packaging has renewed its lease for 43,681 square feet of industrial space at 7330 S. Madison St. in Willowbrook. The tenant specializes in the sale and distribution of sausage casings. Terms of the lease were not disclosed. Adam Haefner and Victor Deboer of Darwin Realty & Development represented the tenant; Bill Waliewski provided in-house representation for the landlord, Morgan Realty Partners.

FacebookTwitterLinkedinEmail

ROCKY HILL, CONN. — Colliers Dow & Condon has arranged a 115,000-square-foot lease renewal in Rocky Hill. Cleary Millwork will continue to occupy 115,000 square feet of space at 235 Dividend Rd. Philip Gagnon of Colliers represented Cleary in lease negotiations. Mark Duclos of Sentry Commercial represented the landlord, Bussmann Associates. Terms of the lease were not disclosed.

FacebookTwitterLinkedinEmail

ELGIN, ILL. — Ryan Cos. US has completed the disposition of a 100,294-square-foot industrial building, which is located within Randall Crossings Business Park in Elgin. Siegle Investments acquired the property, which is fully leased by Boston-based Iron Mountain. Located at 2755 Alft Lane, the property features 5 percent office space, eight exterior docks (expandable to 22), two drive-in doors, 30-foot clear ceiling heights and an ESFR sprinkler system. Ken Franzese and John Cassidy of Lee & Associates represented the seller. Financial terms of the transaction were not released.

FacebookTwitterLinkedinEmail

MILWAUKEE — Lombard, Ill.-based Avgeris & Associates has purchased a 172,000-square-foot manufacturing facility in Milwaukee for an undisclosed price. As part of the sale/leaseback transaction, Avgeris negotiated a 20-year lease with the current tenant, an undisclosed Milwaukee-based company. Sam Dickman of The Dickman Company represented the tenant in the transaction. The lender was Chicago-based Metropolitan Capital Bank.

FacebookTwitterLinkedinEmail

EL PASO, TEXAS — ProLogis has leased 354,000 square feet of distribution space in El Paso to CEVA Logistics. The supply chain company will occupy space within Vista Del Sol Industrial Center III, which is located on Loma Verde Drive near El Paso International Airport. Terms of the lease were not disclosed. CEVA now occupies approximately 4.9 million square feet of ProLogis distribution space across North America and Europe.

FacebookTwitterLinkedinEmail

REDLANDS, CALIF. — BlackRock has sold the Pioneer Industrial Center, a 390,780-square-foot Class A warehouse and distribution building located at 9425 Nevada St. in Redlands, to Sares-Regis Group. Financial terms were not disclosed. Cushman & Wakefield’s Jeffrey Cole, Chuck Belden and Ed Hernandez represented both the buyer and seller. Built in 2007, Pioneer Industrial Center is 52 percent leased to Sleep Innovations, a national bedding manufacturer.

FacebookTwitterLinkedinEmail