Lerner and David Friedland, partner with Epic RealtyPartners/TCN Worldwide, represented Domtar in the leasetransaction. Jeff Kapcheck and Brian Kling, both with ColliersBennett & Kahnweiler, represented building ownership in thetransaction.


Domtar will be consolidating five locations, primarilyfacilities in Canada and Illinois, in addition to a facilityelsewhere in the US, Lerner says. "They are consolidating toeverything under one roof, for the most part," he says. Domtarchose the Addison facility because of the size of the building andthe central location, Lerner says. The building also has railservice, which was a requirement of the paper manufacturer, and isnear a facility the company will be consolidating at 300 S.Mitchell in Addison. "Another nice thing of this facility is it wasalready built," he says. "They did not want to wait for a newfacility to be constructed (and) the building is expandable aswell." The asking lease rate for the building was $3.95 per sf net,Lerner tells GlobeSt.com. Incentives for the lease included a smalltenant improvement allowance and "aggressive" rates.


The building was acquired by American Realty Advisors, based inGlendale, CA, from Atlanta-based IDI in September 2007 as part of athree-building portfolio, according to a press release fromAmerican Realty Advisors at the time of the sale. The building hadpreviously been occupied by the Pampered Chef, Lerner says.

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