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March 2012

Paine/Wetzel/TCN Worldwide completes two lease transactions in Lemont

Paine/Wetzel/TCN Worldwide has completed two lease transactions within 101 Corporate Center in Lemont.
Package Containers Inc., a company that manufacturers paper bags, poly bags and wire tires for the supermarket, produce and merchandising industries, has leased a 22,320-square-foot space in the 98,811-square-foot 101 Corporate Center at 20W267 101st St.  The company is relocating from their Burr Ridge facility and chose this location because of the easy access to I-55 and close proximity to I-294 and I-355.  They will also make use of the 2,400-square-foot office space, two interior docks, heavy power and ample parking area. Gerald Sullivan, principal of Paine/Wetzel/TCN Worldwide represented the landlord, Manulife Financial, in the transaction.  John Whitehead, associate of NAI Hiffman’s Industrial Service Group, represented the tenant.

Also within 101 Corporate Center, Phoenix Inks & Coatings has leased 17,033 square feet of space. The company, which focuses on refilling printer ink cartridges, printer ink supplies and commercial printing inks, is relocating from their Naperville location and chose the facility because of the I-55 access, two interior docks, 3,274 square feet of office space and 600 amps of provided power. Sullivan represented the landlord, Manulife Financial, in the transaction.  David Friedland, principal of Newmark Knight Frank, represented the tenant.

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