X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

(Read more on the industrial market.)

BATAVIA, IL-Ball Corp., with corporate headquarters in Broomfield, CO, is expanding its space by 99,200 sf at 121 N. Raddant Rd. The corporation now leases 243,200 sf, which it uses for warehousing and distribution of food and beverage containers, says Don Schoenheider, vice president and city manager for Liberty Property Trust. Liberty owns the building.

Ball’s plastic container group leases the space in the building for distribution of finished products such as squeeze-bottles for Heinz ketchup and mustard, and containers for Arizona Iced Tea, Schoenheider says. Alcan Packaging’s plastic division had leased the space for about five years and was purchased by Ball Corp last year. Ball was able to expand after PPG Industries moved from the building to a newly constructed build-to suit building at 801 Bilter Rd. in Aurora.

The length of the lease is “three to five years,” Schoenheider says. The asking rate for the building is $3.95 per sf net. The building is now 100% occupied with the other tenant being Valley Fire Protection Systems, a sprinkler contractor, he says.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.