REIFF FATHER AND SON PAINE/WETZEL TCN WORLDWIDE TEAM
Paine/Wetzel TCN Worldwide is pleased to announce that Phil Reiff Sr., Senior Vice President and Phil Reiff, Jr., Associate of the firm have completed two leases, a sale, and a build-to-suit for industrial tenants in suburban Chicago.
Ross International, a reverse supply chain company, signed a 40,000 square foot lease within a 107,200 square foot building at 1239-1251 Mark Street in Elk Grove, Illinois. The company, which helps companies remove supplies from their buildings, is relocating and expanding from its previous location at 750 Pratt, also in Elk Grove. The new facility will feature 24’ clear height, three docks and one drive-in dock. Paine/Wetzel TCN Worldwide’s Reiff team represented Ross International in the transaction. CBRE’s Kevin Segerson represented the owner, Prologis.
The Reiff team also represented Schneider Graphics in a built-to-suit transaction at 885 Tesler Road in Lake Zurich, Illinois. The printing and graphics company is relocating from 200 Wilson Court in Bensenville, Illinois. Flex Construction will build the 21,000 square foot state-of-the-art printing facility. The owner in the transaction was represented by New London Associates. Schneider Graphics will move into its new space on March 1, 2014.
Delta Laboratories bought a new 20,090 square foot building at 1601 Lively in Elk Grove, Illinois. The building is on a 1.02-acre site and features 18’ ceiling clear height, two exterior docks, and one drive-in dock, expanding on Delta’s current space. Paine/Wetzel TCN Worldwide’s Reiff team represented both Delta Laboratories, a personal hygiene product manufacturer that makes lotions and shampoos, as well as the seller, Gamon International.
The Reiff team also represented Key Code Media, a digital media communication sales company, in a new 6,007 square foot lease at the Plumwood Tech Center, 1201 Wiley in Schaumburg, Illinois. This is a new location for the Burbank, CA-based company. Entre Commercial’s Dan Benassi represented the landlord, Exeter Property Group. Key Code Media will move into its new space on March 1, 2014.
Paine/Wetzel TCN Worldwide, headquartered in Chicago, is a full-service real estate firm providing comprehensive brokerage services to investors, users and owners of commercial, office and industrial properties.