NAI Hiffman represents two in south suburban lease renewals
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NAI Hiffman recently represented two companies with lease renewals on properties in Joliet and Alsip. The firm represented Ryan Companies in a lease renewal with Acer America Corporation for 275,860 square feet of industrial space at Laraway Crossings Business Park in Joliet. The space is part of a 374,460-square-foot facility at 251 Laraway Road, situated on 32.43 acres and includes 4,900 square feet of office space, 40 exterior docks, and 30-foot clear ceiling height.
Steve Connolly, SIOR, executive vice president, and Eric Tresslar, executive vice president, of NAI Hiffman’s industrial services group represented Ryan Companies in the transaction. Jim Herbst of Interstate Tenant represented Acer.
NAI Hiffman also represented DCT Industrial Trust in a long-term lease renewal with Plastipak Packaging, Inc. for 204,586 square feet in Alsip. The facility, at 12301-12325 South Laramie Ave., includes 4,500 square feet of office space, 24 exterior docks, with active rail service. Connolly represented DCT in the transaction.
Denver based DCT Industrial Trust is a real estate company specializing in the acquisition, development, leasing and management of bulk distribution and light industrial properties located in high-volume distribution markets in the United States and Mexico.