Transwestern negotiates 430k s.f. lease renewal
Transwestern Chicago recently represented tenant Advertising Resources Inc. in a 430,000-square-foot long-term lease renewal at 11601 and 11701 South Central Avenue in Alsip, Ill.
Advertising Resources Inc. (ARI) specializes in integrative marketing production and packaging, offering fully integrated services from design to packaging to processing. The two connected buildings in Alsip provide ARI with both office and warehouse/distribution space including refrigerated storage, conditioned storage, shipping/receiving doors and truckloads.
“Working with two landlords to structure lease extensions was complicated, with each ownership group presenting unique challenges despite the two properties being connected. In the end, we were able to successfully negotiate and achieve the best results for ARI,” said Fred Freeman, a broker with Transwestern in a release.
Transwestern’s Fred Freeman, Randy Koch and Mitch Rothstein represented the tenant in the transaction.
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