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Paine/Wetzel/TCN Closes 2 Industrial Deals

KENOSHA, WI - Paine/Wetzel/TCN Worldwide has completed two industrial transactions totaling over 135,000 square feet in Wisconsin and Illinois.

By Chip Barnett, Chip Barnett | Updated on February 05, 2013

   KENOSHA, WI – Paine/Wetzel/TCN Worldwide has completed two industrial transactions totaling over 135,000 square feet in Wisconsin and Illinois.

   Principal Whit Heitman, Senior Vice President Samuel Badger and Vice President Brad Weiner of the firm completed the sale and the lease.     EMCO Chemical Distributions purchased a 64,690 SF manufacturing and distribution facility located at 4909 70th Ave, in Kenosha, WI, to accommodate the company’s expansion.     Headquartered in North Chicago, EMCO chose the location primarily due the large 10.88 acre site allowing for future expansion.  Other benefits include close proximity to I-94 and the IL-WI border and  9,660 SF of office space.    Paine/Wetzel/TCN Worldwide represented the seller, Venture One Real Estate LLC and Mike Prost of  Lee & Associates worked on behalf of the buyer.     Separately, Ludlow Manufacturing leased 72,150 SF in a 195,000 SF industrial facility at 3821-31 Hawthorn Court in Waukegan, IL.    The company that services OEM manufacturers with their fabrication needs, is expanding and relocating from Gurnee, IL. Ludlow chose this building primarily due to its expansive size and its location. Features include over 6,000 SF of office space and parking for 226 cars including trailer spots.     Paine/Wetzel/TCN Worldwide represented Ludlow in the transaction and Zacharia Graham of CBRE worked on behalf of the building owner, John Daley & Associates.    Paine/Wetzel/TCN Worldwide, headquartered in Chicago, is a full-service real estate firm.

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