February 2012

...

The Redevelopment Commission for the City of Valparaiso acquired the former Northcoast Distributors building at 705 Silhavy Rd. in Valparaiso, IN from Leetz Properties for $4 million, or about $33 per square foot.

The single-story, 123,000-square-foot industrial building was built in 1993 on 9.1 acres in the Porter County Industrial submarket.

Northcoast is currently building a new headquarters to total 215,630 square feet in Valparaiso. Expected completion of the new site is March 2012, which is when the company will move out of its current building, which it’s currently leasing from the city. Northcoast is staying in Valparaiso in part due to City tax abatement incentives.

Chris Gary from NAI Hiffman represented the seller.

Recent Blog Posts

Brokerage
News
NAI Hiffman
April 2020

Even The Toughest Development Sites May Yield To Patience

Brokerage
News
NAI Executives Report from the Front Lines of the Coronavirus
April 2020

NAI Executives Report from the Front Lines of the Coronavirus

Brokerage
News
Property Management
Checking In: On-site with NAI Hiffman Chief Engineer Luke Hannon
March 2020

Checking In: On-site with NAI Hiffman Chief Engineer Luke Hannon