Business Ledger news services
Thursday, September 17, 2015 9:49 AM
JOLIET – NAI Hiffman recently represented buyer Cadence Premier Logistics and seller, a joint venture partnership between Ryan Companies US, Inc. and ASB Real Estate Investments, in a transaction involving 44.54 acres in Joliet's Laraway Crossings.
Cadence Premier Logistics, of Alsip, purchased the site on the northeast corner of Route 53 and Laraway Road and plans to build a 121,000-square-foot building to house its corporate headquarters and warehouse space including light assembly of safety devices and a drop plant. The building will include 380 trailer spaces, a 66,000-square-foot area dedicated to truck maintenance and a diesel and compressed natural gas fueling station. The project is expected to be completed in early 2016.
John Whitehead, vice president with NAI Hiffman's industrial services group, represented Cadence Premier Logistics in the land purchase and subsequent build-to-suit. Eric Tresslar and Steve Connolly, both Executive Vice Presidents also with NAI Hiffman, represented Ryan Companies US, Inc. and ASB Real Estate Investments in the transaction.