Packaging company Tegrant Corp. expanded its offices by about a third, to 44,153 square feet, as part of a renewal of its lease at 3930 Venture Drive, Arlington Heights. Tegrant will take 2,800 additional square feet right away and another 8,700 square feet in November, says Michael Flynn, an executive vice-president at Oakbrook Terrace-based NAI Hiffman, which represented the building owner, Oakbrook Terrace-based real estate investment firm Premises Management. Tegrant is increasing its space in part to accommodate the company’s Protexic division, which makes protective packaging and moved from Pennsylvania. The building is east of State Route 53 between Lake Cook and Dundee roads. Grubb & Ellis Co. represented DeKalb-based Tegrant.
Source: ChicagoRealEstateDaily.com