NAI Hiffman recently represented Resource Plastics in a long-term lease for 170,563 square feet of industrial space at 5623 W. 115th St. in Alsip with KTR Capital Partners.
The 399,511-square-foot industrial property has been recently redeveloped by KTR Capital to attract new tenants. Resource Plastics, a plastic recycling, manufacturing and raw material distribution company, is relocating from Blue Island. After a comprehensive search, the firm chose the Alsip location based on its proximity to customers and employees, rail service and heavy electrical distribution to the property.
Steve Connolly, executive vice president with NAI Hiffman’s industrial services group, represented Resource Plastics in the transaction. Pete Roberson and Larry Johnson of CBRE represented KTR Capital Partners.