Intsel likely will start occupying the space this summer or early fall, Mark Ulrich, director of leasing for the local office of Chicago-based First Industrial, tells GlobeSt.com. Intsel signed a 10-year lease for the space.
Bill Thompson, a broker with CB Richard Ellis, represented Intsel. The company is taking the space in its present "as is" condition, but Intsel plans to upgrade existing cranes inside of the industrial building, as well as install as many as three exterior "craneways" on the yard to the north of the building. "3811 Joliet has been our biggest vacancy for Quite some time and we are very pleased to fill the building with a single tenant on a long-term lease," Ulrich says.
Intsel replaces the cryogenics division of Chart Industries. The division of the Cleveland-based company vacated the space in August 2003. Chart Industries is a global supplier of standard and custom engineered products and systems serving low-temperature and cryogenic applications. Triple S Steel, the parent of Intsel Steel West, recently purchased R&S Steel, based in Henderson, CO.
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