CenterPoint Properties Announces Long-Term Lease on 303,061 SF at CenterPoint Intermodal Center - Joliet, IL

CenterPoint Properties is proud to announce it has signed a long-term lease with International Transload Logistics Inc. (ITL) for 3801 CenterPoint Way, Joliet, Illinois within the CenterPoint Intermodal Center (CIC). ITL will lease 303,061 SF of the 485,476 SF facility through 2022. John Cash and David Haigh of NAI Hiffman represented ITL in the transaction; CenterPoint was represented by Dan Leahy and Adam Roth of NAI Hiffman.

"The Joliet location offers the connectivity and flexibility our company needs to best serve our diverse client base," said John Roetter, one of the founders of ITL. "Having worked with us for a number of years, CenterPoint was able to understand our current and future business needs, and help pursue a strategy to accommodate them."

International Transload Logistics, Inc., which specializes in domestic and international logistics and full service warehousing, has been a CenterPoint tenant since 2010, and will relocate its current facilities at the CIC - Elwood to the larger, available space at CIC-Joliet.

The state-of-the-art building is located in the heart of the park, less than one mile from the Union Pacific Joliet Intermodal Terminal, and offers immediate access to I-55 and I-80. The facility includes 42 dock doors (expandable), 97 truck parking positions, and dual access onto CIC-Joliet's private road. ITL’s new lease will begin in July 2015.

"CenterPoint is pleased to work with ITL again to lease this strategically located space. We believe this new location will play a vital role in helping ITL sustain its competitive edge and expand its operations this year and beyond," said Brian McKiernan, Senior Vice President of Development at CenterPoint Properties.

Source: CenterPoint Properties

Mentioned in Crains 

 

Insulation Fabricators renews 152,462 SF lease in Hammond, Indiana

Source: Loopnet

Source: Loopnet

NAI Hiffman represented Insulation Fabricators, Inc. (IFI) in its lease renewal for 152,462 square feet of industrial space at 2501 W 165th Street in Hammond, Indiana. The space is located within the American Business Center, a 762,528-square-foot industrial facility, just south of I-90. Family owned and operated since 1979, IFI, a leading fabricator and distributor of thermal and acoustical insulation products, is headquartered in Hammond with additional distribution facilities in Holland, Ohio; Clarksville, Tennessee; and Nitro, West Virginia.

Chris Gary, senior vice president with NAI Hiffman’s industrial services group, represented Insulation Fabricators in the transaction.

Mentioned in RE Journals

Two office leases completed at One Oakbrook Terrace

NAI Hiffman represented ownership in two leases totaling nearly 6,000 square-feet of office space at One Oakbrook Terrace in Oakbrook Terrace, Illinois.

Private wealth advisory practice, Ameriprise Financial, renewed its lease for 4,016 square-feet. Sierra Pacific Mortgage Company signed a new lease for 1,977 square-feet.

One Oakbrook Terrace’s institutional owner has recently upgraded the building with significant capital improvements to the asset including a new food service and tenant lounge, a new conference facility, and most recently, updated elevator cabs and  lobby. Brian Edgerton, vice president with NAI Hiffman’s office services group, represented ownership in both transactions. Patrick Elwood of CBRE represented Sierra Pacific.

Source: RE Journals

CenterPoint Announces Built-to-Suit Wheeled Storage Yard at CenterPoint Intermodal Center – Joliet, IL

CenterPoint Properties is proud to announce the development of an 8.67-acre build-to-suit wheeled storage yard for California Multimodal, LLC (“CMI”), a full service 3PL that provides warehousing and trucking services nationwide, at CenterPoint Intermodal Center – Joliet. Adam Roth of NAI Hiffman worked diligently with CenterPoint on the transaction.

"We're thrilled to welcome another new tenant to CIC-Joliet, and fortunate to provide an ideal location that aligns so well with CMI's supply chain operations," remarked Brian McKiernan, Senior Vice President of Development for CenterPoint. "We're confident that this partnership will not only benefit CMI's presence and capabilities in the Midwest, but also contribute to CIC-Joliet's sustained growth."

The CMI wheeled storage yard will be equipped with secure perimeter fencing, 40 block heater receptacles, and a 2,500 SF stand-alone office building. The new facility will provide CMI with the region's most competitive drayage rates and immediate access to the Union Pacific Joliet and Burlington Northern Santa Fe Intermodal Terminals, facilitating more efficient distribution of domestic and international cargo. Construction of the facility is expected to be complete by fall 2015.

"We're excited to partner with CenterPoint and kickoff operations at CIC-Joliet," remarked Joe Berni, Vice President at California Multimodal, LLC. "The park's transportation infrastructure and logistics features will be valuable in streamlining our internal processes, and better servicing our existing and future clients."

New supporting infrastructure, proximity to two intermodal parks and the interstate system, and access to a strong local labor pool are only a few of the benefits to locating within CIC-Joliet. For more information about CenterPoint Intermodal Center – Joliet and available space, visit http://www.centerpoint-intermodal.com/index.html.

Source: CenterPoint Properties
Mentioned in: The Herald News

Dave Petersen on AM560/The Answer

Last weekend, NAI Hiffman's CEO, Dave Petersen, was featured on AM560/The Answer in its “Playmakers – Get Down to Business” radio show. In the interview, Dave discusses his background, NAI Hiffman's services, what sets the firm apart from its competition, and his vision for the future of the company.

Listen to the show using the audio player below.