News
Noel S. Liston of Darwin Realty Represents Multiple Buyers and Tenants in Chicagoland Market
Recent Transactions Totaling Over 940,000 Square Feet
(Elmhurst, Illinois) – Darwin Realty announces that Principal Noel S. Liston has recently completed several transactions totaling more than 940,000 square feet. Mr. Liston, who has 20 years of commercial real estate industry experience, is Darwin’s Director of Brokerage Services.
757,120 SF Build-To-Suit / Long Term Lease in Huntley
Mr. Liston represented Weber-Stephen Products LLC in their long-term, single-occupancy build-to-suit lease of 757,120 square feet of bulk industrial distribution space. The new Duke Realty-developed facility is situated on 73 acres of land in Huntley, Illinois, immediately north of Interstate 90 and the new 4-way interchange at Route 47. The build-to-suit distribution center will feature 32-foot clear ceiling heights, 7,000 square feet of finished office space, 150 exterior loading docks and 193 trailer spaces on site. The remaining land can accommodate future growth of 405,000 square feet which would bring the total building to 1,162,720 square feet. Developer and landlord Duke Realty was represented by Ryan O’Leary, Vice President-Leasing & Development, for Duke Realty.
40,900 SF Sale in Elgin
Mr. Liston along with Darwin Associate Brendan Sheahan represented Sitex Group in the sale of 40,900 square feet located at 1700 Big Timber Road in Elgin, Illinois. The facility was sold to Multifilm Packaging Corporation, an existing Elgin business that is a manufacturer of packaging for the food, beverage, and confectionery industries, will expand operations with a new packaging line operation at the 1700 Big Timber Road facility. The recently renovated building features include 5,000 square feet of office, 24-foot clear ceilings, 12 exterior loading docks and heavy power. Renovation improvements to the building by Sitex Group include a new office area and energy efficient lighting throughout the building. Multifilm Packaging Corporation was also represented by Mr. Liston.
55,520 SF Lease in DCT Business Center Elgin
Mr. Liston and Mr. Sheahan represented DCT Industrial in their lease of 55,520 square feet at 200-220 Corporate Drive in DCT Business Center in Elgin, Illinois, to Rational Cooking Systems Incorporated. The space features 4,600 square feet of office, 24-foot clear ceilings, 14 exterior docks and 1 grade-level door. Rational, which is headquartered in Schaumburg, Illinois, is relocating its Elk Grove Village, Illinois, facility to the Elgin site and was represented by JLL’s Dominic Carbonari. Rational is an inventor and R&D company specializing in the foodservice equipment industry. DCT Industrial, a national owner of distribution and warehouse facilities, owns 4.7 million square feet in the Chicago area.
41,312 SF Sale in West Chicago
Mr. Liston and Mr. Sheahan also represented a private partnership in their sale of a 41,312 square foot building located at 1295 Helena Drive, West Chicago, Illinois. PJ Spring Company, which is relocating from their existing headquarters and manufacturing facility in West Chicago, was represented by Mr. Sheahan of Darwin. PJ Spring is a manufacturer and distributor of wire springs.
44,158 SF Build-to-Suit / Sale in Oakview Corporate Park
Mr. Liston represented King Shan in their build-to-suit for purchase of a 44,158 square foot facility in Oakview Corporate Park in West Dundee, Illinois. The park and facility are being developed and constructed by Opus Design Build, part of the Opus Group. The new facility will feature 24-foot clear ceilings, 1,550 square feet of office, 3 exterior loading docks and 2 drive-in doors. The facility will be constructed on a 2.4-acre site in Oakview Corporate Park located immediately adjacent to King Shan’s existing 35,000 square foot facility that Opus developed for King Shan in 2010. King Shan is a steel wire and metal fabrication products manufacturer headquartered in Taipei, Taiwan. Mr. Liston is the exclusive brokerage representative of Oakview Corporate Park.