In a $1.15 million transaction, Lake Cable LLC has purchased a 55,000-square-foot wire cable manufacturing building at 4430 Eastland Drive in Elkhart, Ind. Steven H. Podolsky, SIOR, principal of Podolsky Northstar CORFAC International, represented Lake Cable in the transaction. Podolsky was assisted in the transaction by Ross Miller, SIOR of FM Stone Commercial in Elkhart.
In addition to six leases, this marks the fourth acquisition Podolsky has completed for Lake Cable and its subsidiaries since he began representing the firm in 2003.
With this purchase, Lake Cable now owns 180,000 square feet and leases an additional 90,000 square feet in Elkhart and Valparaiso, apart from the 100,000 square feet at their corporate headquarters in Bensenville. They plan to use the newly purchased space to expand their manufacturing operations in Northern Indiana.
David Jolivette of Jolivette & Templar P.C. provided legal representation to Lake Cable. Timothy Weaver of Barnes & Thornburg L.P. represented the seller, CopperCon Realty LLC.
