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MidwestIndustrial

Paine/Wetzel brokers two industrial deals

Staff Writer April 5, 2017
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Paine/Wetzel · ONCOR International has announced that the team of Gregory Wright, senior vice president and Adam Naparsteck, associate has completed two industrial lease transactions in the suburbs of Chicago.

Vapor Power International, a manufacturer of boilers, packaged steam generators, thermal fluid heaters, and electric boilers, has renewed their lease on a 51,200-square-foot industrial building located at 551 County Line Road in Franklin Park, Ill. The company chose to stay in the building primarily due to the amenities such as cranes within the building as well as the excellent location. Wright and Naparsteck represented the building owner, County Line Investors, LLC, in the transaction and Andy Corken of CBRE worked on behalf of the tenant.

Premier Pottery Imports has leased 12,000 square feet of space within a 54,569-square-foot building located at 421 N. Raddant in Batavia, Ill. The wholesaler of pottery goods is expanding their operations and relocating from Forest Park to this newly renovated industrial building. The new space boasts a new showroom and has immediate expressway access. Wright and  Naparsteck represented the tenant in the transaction and Carrie Wagener along with Andrea Hauger of Owen Wagener & Co. worked on behalf of the building owner, Bulkema #19, LLC, in the transaction.

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