NAI Hiffman represents AEK Equipment in Belvidere, Illinois warehouse relocation
OAKBROOK TERRACE, IL (December 13, 2016) – NAI Hiffman is proud to announce that Aaron Kendell Packaging Equipment (AEK), a newly combined global reach of Aaron Equipment Company Inc. and Kendell Equipment, signed a 4-year industrial lease at 3575 Morreim Drive in Belvidere, Illinois.
The company, a distributer of used packaging equipment, is relocating from its previous operations at 1010 Sesame Street in Franklin Park, Illinois, where it is expanding its shop.
“AEK occupied space around O’Hare for the past 12 years and was looking for a building with heavy floor load, cranes, high ceiling, and a flexible landlord, which this location was able to provide,” said Larry Much, SIOR, executive vice president of Industrial Services at NAI Hiffman, who represented AEK in the transaction.
The property features 4 cranes, 27-30’ clear ceiling height, 3,000 square feet of office space, wet sprinkler system, 2 exterior docks (expandable), 4 drive-in doors, 31 car parking, and heavy floors.
The landlord, Venture One, offered the ability to move in immediately along with the ability to purchase the property over time. In addition, the property’s lower operating costs and low tax base provided AEK an incentive to move to the new location.
“Venture One is providing AEK accommodation in all fronts and our decision to move to Belvidere,” said KC Christensen, president of AEK. “The Belvidere location is providing our firm flexibility, growth and expands our shop’s capability while being able to service our customers, which is critical to our business.”
NAI Hiffman Senior Vice President of Industrial Services, Bruce Granger, represented Venture One, alongside Shane Van Sickle of Landmark Development. In addition, Granger managed the listing of the property.
About NAI Hiffman
Comprised of over 150 real estate professionals, NAI Hiffman provides leasing, management and investment sales representation for owners and occupiers of commercial real estate in the Chicago metro market. It currently leases and manages a 54+ million SF portfolio of over 500 commercial properties throughout metropolitan Chicago, Northwest Indiana and Southeast Wisconsin. NAI Hiffman is the Chicago-area representative for NAI Global, the world’s largest managed network of real estate service providers, has more than 375 offices strategically located throughout North America, Latin America, Europe and Asia Pacific, with over 6,700 local market professionals, managing over 380 million square feet of property. For more information, please visit www.nainaihiffmandev.wpengine.com.
Mentioned in The Daily Herald