The team of Brian Netzky, Michael Morgan and James Herbst found three alternatives for United States Can, but the property was sold to CenterPoint Properties Trust rather than owner/user, which the tenant had feared. Matt Mullarkey handled the purchase, as well as lease negotiations with United States Can, on behalf of the Oak Brook, IL-based REIT.
Although a purchase price was not available, a $1.825-million mortgage was placed on the property.
United States Can makes metal containers used in the paint, aerosol and plastics industries. About half of the one-gallon paint drums sold in the US are produced by the company.
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