August 2012

NAI Hiffman represents two in south suburban lease renewals

As seen in the Daily Herald Business Ledger
Also mentioned in RE Journals

Also mentioned in REBusiness Online

Also mentioned in Real Estate BISNOW

Also mentioned in Heartland Real Estate Business

NAI Hiffman recently represented two companies with lease renewals on properties in Joliet and Alsip. The firm represented Ryan Companies in a lease renewal with Acer America Corporation for 275,860 square feet of industrial space at Laraway Crossings Business Park in Joliet. The space is part of a 374,460-square-foot facility at 251 Laraway Road, situated on 32.43 acres and includes 4,900 square feet of office space, 40 exterior docks, and 30-foot clear ceiling height.

Steve Connolly, SIOR, executive vice president, and Eric Tresslar, executive vice president, of NAI Hiffman’s industrial services group represented Ryan Companies in the transaction. Jim Herbst of Interstate Tenant represented Acer.

NAI Hiffman also represented DCT Industrial Trust in a long-term lease renewal with Plastipak Packaging, Inc. for 204,586 square feet in Alsip. The facility, at 12301-12325 South Laramie Ave., includes 4,500 square feet of office space, 24 exterior docks, with active rail service. Connolly represented DCT in the transaction.

Denver based DCT Industrial Trust is a real estate company specializing in the acquisition, development, leasing and management of bulk distribution and light industrial properties located in high-volume distribution markets in the United States and Mexico.

Recent Blog Posts

Brokerage
News
Thought Leadership
CPE Executive Council: Tenant Expectation Trends
July 2025

CPE Executive Council: Tenant Expectation Trends

News
Property Management
Research
Thought Leadership
Managing The Modern Class CBD Building: Costs, Challenges and the Role of Property Managers
July 2025

Managing The Modern Class CBD Building: Costs, Challenges and the Role of Property Mana...

Brokerage
Capital Markets
News
Thought Leadership
CRE Debt Distress Lingers as Office Delinquency Rate Hits New Record
July 2025

CRE Debt Distress Lingers as Office Delinquency Rate Hits New Record