John F. Cash, EVP, and David Haigh, associate, with NAIHiffman's Industrial Services Group, represented Roman in the sale.Mark Moran, EVP, and Daniel Wilkins, associate, also with NAIHiffman, represented CenterPoint Properties in the transaction.


"We initially structured it as a short-term lease, and Romanwanted the flexibility to potentially buy it depending on how itwent and how they were able to function in the building," Moransays. "We did the option to purchase to accommodate them. They hadowned their own building in Addison previously, and when theydownsized and moved to this building, they wanted to control thereal estate themselves."


Roman was previously paying about $4 per sf, net, for the space,with a three-year lease term. Under the rent-to-own lease, Romanhad to purchase the building before the end of the second year,Moran says. The Central DuPage building was built in the late1980s, Moran says. He says the area has coalesced into an infillmarket. "It's all built out and there are no large tracks of vacantland. The companies that are there have a reason to be there,because it's close to Interstate 355 or because of the employeebase in the area," Roman says.

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