NAI Hiffman vice presidents Lawrence R. Much, SIOR, and C.L. Botthof, Jr. along with associate Eric A. Tresslar represented Remington Leasing, LLC, a private investment firm. Colliers, Bennett & Kahnweiler, Inc. principal Gregory J. Pacelli, SIOR and senior vice president Jack H. Rosenberg, SIOR, represented Northern Builders, Inc. NAI Hiffman also will serve as exclusive leasing agent.
In the fourth quarter of 2001, General Motors signed a lease on a 404,000-sf build-to-suit at 1355 Remington Rd., another Carlow Corporate Center building developed by Northern Builders. Pacelli and Rosenberg also represented Northern Builders while Gilbertson and David Prioletti of CB Richard Ellis represented GM. General Motors relocated parts distribution operations from west suburban Broadview.
Also, Times Square Real Estate Investors and Corum Real Estate Group is developing 1 million sf of space in the 86-acre Crossroads Lakes Business Park, including a 700,000-sf speculative facility. "The Bolingbrook area is among the most desirable and active leasing markets for distribution in the country," says Corum Real Estate Group president V. Michael Komppa.
Meanwhile, cable management products manufacturer and distributor HellermannTyton is moving into a 100,369-sf facility in Catellus Development Corp.'s Internationale Centre West. The company is relocating from west suburban Hinsdale. Construction was done by Itasca, IL-based FCL Builders, Inc.
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