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AURORA, IL-Berry Plastics Corp., based in Evansville, IN, is expanding its lease to 233,000 sf at 999 Bilter Rd. The property is part of the Liberty Business Center, a joint venture between Liberty, headquartered in Mulvern, PA and New York Common Retirement Fund. The term of the lease was not disclosed except that it is a long-term lease.

Jeffrey Gittelman, Dan McGillicuddy and Kristian Bjorson, all with Staubach Co., represented Berry in the lease transaction. Dan Cawley, with Cawley Commercial, represented Liberty Property Trust in the transaction. In 2004, Tyco Plastics had signed a lease for 147,818 sf in the building for warehouse space, as previously reported by GlobeSt.com.

In April 2007, Berry merged with Covalence Specialty Materials Holding Corp., which was previously Tyco Plastics, according to a released statement from Berry on the merger. The company will use the expanded area for manufacturing. The Bilter Road facility will be a new manufacturing location for the corporation to accommodate growth, says Gittelman, SVP with Staubach. “This is increased demand for the customer base in this part of the country,” he says. The company has annual sales of $3 billion.

The building, which is on a 22-acre site near the Farnsworth Avenue exit for Interstate 88, was constructed in 2001 with 30-feet clear ceiling height and 40 truck parking spaces with the ability to add an additional 150 trailer spots, according to information on Liberty’s website. Berry will move into the expanded area this spring, Gittelman says.

The building is nearly 61% leased with Berry currently the only tenant in the 382,430-sf building. The average asking lease rate for the area is $4 per sf net, Gittelman says. Liberty acquired the building from CenterPoint Properties in June 2007. There are currently 1.3 million sf of industrial buildings in the 200-acre park. When the park is fully constructed, there is expected to be more than two million sf of industrial.

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