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NAI Hiffman Negotiates 700,200 SF Deal with World Kitchen

In a continuing relationship with Rosemont-based World Kitchen, NAI Hiffman represented the tenant in a restructured and extended lease at 5800 Industrial Drive in Monee, Ill. The new agreement provides flexibility for the tenant’s future expansion of the 700,200-square-foot distribution center, and a lease extension with more favorable economic terms reflective of today’s market conditions. This modern, high-cube industrial building, developed in 2000 as a build-to-suit, is owned by Griffin Capital.

The transaction team of Michael Flynn, Art Burrows, senior vice president and Tim Buss, have now completed nearly 2,000,000-square-feet of office and industrial space transactions with World Kitchen since 2003.

Source: REJournals.com

Property managers set to shine

Suburban office, industrial show signs of improvement