PRESS RELEASE: Wabick Of Paine/Wetzel TCN Worldwide Completes Major Industrial Transactions In The Midwest

CHICAGO - Paine/Wetzel TCN Worldwide is pleased to announce that Ed Wabick, Principal of the firm has completed a number of transactions totaling more than 90 acres of land along with 128,000 square feet of sales and leases in Illinois and Indiana.

MZG, LLC has purchased 50 acres at 300 W. 151st Street in East Chicago, Indiana and expects to develop the site making it ready for build-to-suits ranging from 50,000 -350,000 square feet, primarily geared toward steel and manufacturing companies. The rail-served site benefits from an excellent northwest Indiana location with immediate access to the expressway system and all of the incentives Indiana offers businesses.  Wabick represented the buyer in the transaction and Conor Mullady of Jones Lang LaSalle worked on behalf of the seller, Union Tank Car Company.

Dunnet Bay Construction is expanding their operations from Illinois and has purchased an 18.5 acre land site located at 6100 Woodmar Ave in Hammond, Indiana. The company chose the property due to its excellent location near expressways and being able to lower their operating cost by moving to Indiana. The site is served by the Indiana Harbor Belt Railroad and sits within the Hammond Enterprise Zone. The company was started in 1990 and specializes in the construction of bridges and infrastructure. Dunnet Bay has steadily grown in the heavy/highway marketplace awarding them many accolades for their work. Wabick along with Jeff Brant of Brant Companies represented the seller, Artim Properties in the transaction. Howard Cyrus of Cyrus Realtors worked on behalf of the buyer. 

C.R. England has acquired a 42,830 square foot industrial building at 17201 S. State Street in South Holland, Illinois. Already a tenant in the building, the company is expanding their operations and has purchased the entire facility situated on 33.5 acres.  C. R. England is the nation's largest refrigerated trucking company and for the last 90 years has specialized in moving temperature sensitive freight.The secured building features 8,000 square feet of office space, 24 doors and close proximity to I-80/94 and I-294. Wabick represented the seller, FJCCO, LLC, in the transaction. The buyer was not represented.

MAC Medical Supply Company has leased 67,680 square feet of space within a 650,000 square foot industrial building located at 9200 Calumet Avenue within the Lake Business Center in Munster, Indiana. The company, a certified Women’s Business Enterprise, is a worldwide distributor of cutting edge medical supplies. MAC is relocating their operations from Tinley Park, IL primarily due to the overall lower business cost in Indiana. Built in 1956, the building space features four docks, 20’ clear ceiling height, 2,500 square feet of office space, along with new lighting and heating. Wabick and Adam Karras, Senior Associate of Paine/Wetzel / TCN Worldwide represented the landlord, Simborg Development, in the transaction. Karras also worked on behalf of the tenant.

Kitchen RMM, LLC has leased 9,000 square feet of space at 2600 West 35th Street in Chicago, Illinois.  The catering company chose this building for their expansion and relocation, due to the great location with I-55 visibility, easy access to expressways and close proximity to downtown Chicago and Midway Airport. As the site of the former Campbell Soup Co. plant and built in 1930, the 680,000 square foot multi-tenant facility offers modern warehouse space, office and commercial loft space. Other features of the 26' clear, single story warehouse includes truck docks, drive-in capability, large open bays, and heavy (redundant) power. Wabick represented the landlord, Chicago Business Center, LLC in the transaction. Beverly Hayes of Chicago Industrial Real Estate worked on behalf of the tenant.

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.


TAGS: Investment