NAI Hiffman represents Cadence Premier Logistics in Joliet Build-to-Suit
NAI Hiffman represents Cadence Premier Logistics in Joliet build-to-suit
JOLIET, IL (September 16, 2015) – NAI Hiffman recently represented buyer, Cadence Premier Logistics, and seller, a joint venture partnership between Ryan Companies US, Inc. and ASB Real Estate Investments, in a transaction involving 44.54 acres in Joliet's Laraway Crossings.
Cadence Premier Logistics, currently located in Alsip, purchased the site located on the northeast corner of Route 53 and Laraway Road and plans to build a 121,000-square-foot building to house its corporate headquarters and warehouse space including light assembly of safety devices and a drop plant. The building will include 380 trailer spaces, a 66,000-square-foot area dedicated to truck maintenance and a diesel and compressed natural gas fueling station. The project is expected to be completed in early 2016.
John Whitehead, Vice President with NAI Hiffman's industrial services group, represented Cadence Premier Logistics in the land purchase and subsequent build-to-suit. Eric Tresslar and Steve Connolly, both Executive Vice Presidents also with NAI Hiffman, represented Ryan Companies US, Inc. and ASB Real Estate Investments in the transaction.
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 47+ 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, comprising 5,000 brokers in 400 offices serving over 55 countries throughout the world.