PREFERRED FREEZER SERVICES SIGNS LEASE FOR BUILD-TO-SUIT WAREHOUSE

CHICAGO — New York-based KTR Capital Partners has leased a 175,000-square-foot build-to-suit warehouse in Chicago to Preferred Freezer Services. The transaction follows Preferred Freezer Services’ recent investment acquisition of the former Dominick’s distribution facility, which is situated adjacent to the build-to-suit property on West Ann Lurie Place. Situated on a 9.7-acre site, the storage building will include 57-foot clear ceiling heights with robotic picking technology and rail access. Construction of the LEED-certified facility began in late 2008, with completion scheduled for early 2010. Ware Malcomb Architects is designing the building on behalf of Preferred Freezer Services. Lawrence Much, Stephen Connolly and Irv Malik in the industrial services group of NAI Hiffman represented KTR Capital Partners in negotiations.