The tenant is Genlabs Inc., one of the region's largest manufacturers and distributors of cleaning products. The 11-year lease is valued at $7.5 million, according to a CIP marketing pro involved in the transaction.
Genlab's new space is at 5650 Schaever Ave. The building is inside CIP's Schaefer Industrial Park.
CIP Real Estate's in-house leasing team represented both Genlabs and CIP in the transaction.
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