Lee & Associates, one of the largest national commercial real estate providers in North America, has negotiated a long-term lease transaction for a 73,592-square-foot industrial space located at 2200 Sullivan Road in Aurora, IL.
Michael Plumb, principal at Lee & Associates’ Illinois office, represented the tenant, Green Bay Packaging, Inc. (GBP) and their Coated Products Division. Noel Liston and Nick Krejci of Core Industrial Realty represented the owner, Panattoni.
“As a native of Green Bay, WI it was an honor to represent Green Bay Packaging, Inc., long regarded as one of Wisconsin’s top blue chip companies and a leader in the North America’s corrugated packaging industry,” Plumb said. “We were able to take advantage of the changing industrial market dynamics by identifying a largely vacant new building and negotiating highly favorable terms that align with today’s second-generation space.”
According to Plumb, the availability of power and infrastructure like transformers and switchgear continues to be a driver in absorption for both new construction and second-generation industrial space.
About Lee & Associates
Lee & Associates offers an array of real estate services tailored to meet the needs of the company’s clients, including commercial real estate brokerage, integrated services, and construction services. Established in 1979, Lee & Associates is now an international firm with offices throughout the United States and Canada. Our professionals regularly collaborate to make sure they are providing their clients with the most advanced, up-to-date market technology and information. For the latest news from Lee & Associates, visit lee-associates.com or follow us on Facebook, LinkedIn, Twitter and Link, our company blog. For more Lee & Associates of Illinois happenings, connect with us on LinkedIn, Twitter and Instagram.