NAI Hiffman’s Larry Much recently represented Ideal in its new lease with Silver Beauty for 177,413 square feet of industrial space at 5800 W. 51st St. on Chicago’s southwest side.
Ideal, a privately-held manufacturer that specializes in point-of-purchase merchandise displays, will use the space as an additional distribution warehouse, choosing the location for its close proximity to the company’s existing headquarters at 4800 S. Austin Ave.
“Ideal is growing very quickly and we continually invest in new infrastructure to be the best possible combination of service, price and quality,” said Ideal COO Yale Eisen. “By increasing our warehousing space, we have the flexibility to accelerate our growth by further increasing our core facility’s engineering and manufacturing capacity.”
Prior to Ideal’s lease, Graham Packaging, a manufacturer of blow-molded plastic containers, occupied 350,000 square feet at the complex. Graham Packaging needed to consolidate its operations and was searching for a tenant to sublease some of its space.
“The lease-buyout between Ideal and Graham Packaging was a success that greatly benefited both sides in this transaction,” Much said.
Much, executive vice president with NAI Hiffman’s industrial services group, represented Ideal in the new transaction. Sally Macoicz of Cushman & Wakefield represented Silver Beauty.
