Comments Off on Darwin REALTY/CORFAC INTERNATIONAL REPRESENTS LANDLORD IN NEW LOGISTICS LEASE
(Elmhurst, Illinois – July 10, 2020) – Darwin Realty/CORFAC International Managing Broker George Cibula and Associate Todd Hendricks represented building owner Welbic III Racine 6200 LLC in a 115,823 square foot lease to Budd Van Lines. The building at 6200 Regency Drive in Racine, WI, is owned by the investment company co-owned by Cibula and Darwin Realty/CORFAC International’s Matthew Lewandowski. (more…)
Comments Off on Darwin REALTY REPRESENTS TENANT AND LANDLORD IN NEW 174,178 SQUARE FOOT LEASE
(Elmhurst, Illinois –October 28, 2019) – Darwin Realty is pleased to announce the firm facilitated a lease between Axis Warehouse Management and CenterPoint Properties for the third party logistics company’s new 174,178 square foot space at 500 Country Club Drive in Bensenville, Il. CenterPoint Properties’ Senior Vice President of Asset Management Danielle Radtke and their attorney Jerome Richman of Richmond Breslin, LLC supervised the transaction. Axis Warehouse executives Frank Pagone, Ed Louis and Daniel Goldberg, along with their attorney John Chitkowski of Chitkowski Law Offices, worked with the brokerage team. Darwin Realty President Rick Daly led the transaction, with assistance from Managing Broker George Cibula. (more…)
Comments Off on Darwin REALTY ANNOUNCES LEASE RENEWAL FOR CHICAGOLAND QUAD CITIES EXPRESS IN BRIDGEVIEW, ILLINOIS
Darwin Realty announced that Chicagoland Quad Cities Express has renewed their lease for a 412,405 square foot distribution compound in Bridgeview, Illinois.
Chicagoland Quad Cities is a 50-year-old third-party logistics and transportation company that specializes in warehousing and transportation services for many well-known companies. Chicagoland is a warehouse affiliate member of the National Association of Chemical Distributors. They also operate a food grade facility in Bolingbrook, Illinois. Between their Bridgeview and Bolingbrook locations, Chicagoland has 501,000 square feet of warehouse space in the Chicago-market.
Katie Michel, Sr. Vice President of Pritzker Realty Group negotiated the lease on behalf of ownership. Terri Wintermute, President, and Gary DiGrazia, Senior Vice President of Chicagoland Quad Cities Express negotiated the transaction on behalf of Chicagoland Quad Cities.
Adam Haefner, Director of Brokerage Services at Darwin Realty represented Pritzker Realty Group as their broker. George Cibula, SIOR, represented Chicagoland Quad Cities Express.
Comments Off on Darwin REALTY SELLS WEST SUBURBAN WAREHOUSE TO U-HAUL/AMERCO REAL ESTATE COMPANY
(Elmhurst, Illinois) – Darwin Realty is pleased to announce the firm’s Vice President Jeffrey Provenza and Managing Broker George Cibula represented the seller in the disposition of a 160,000 square foot warehouse facility located at 950 S. 25th Avenue in Bellwood, Illinois. In this transaction, 950 S. 25th Avenue LLC sold the building to U-Haul/AMERCO Real Estate Company for use as a truck rental and self-storage facility. This will represent an expansion for U-Haul/AMERCO who represented themselves in the transaction.
“This transaction takes an older industrial building and repurposes it to a higher and better use,” Cibula says. “As the market continues to tighten, we expect to see more reuse of outdated buildings such as this one.”
The building features 11,500 square feet of office space, 5,000 square feet of cooler space, 12.5-foot to 19.5-foot clear height ceilings, 14 exterior docks and two interior docks. U-Haul chose this site due to its proximity to I-290 and the large parking lot on the 8.3-acre site with truck parking. The new owner will take occupancy of the building in October.