NAI Hiffman Completes 154,000-SF Industrial Lease, Filling Warehouse in Bloomingdale, IL

Bloomingdale Corporate Center, Bloomingdale, IL

OAKBROOK TERRACE, IL, Nov. 4, 2019 — NAI Hiffman, the largest independent real estate services firm in the Midwest, today announced it represented Target Marketing Systems in a 154,000-square-foot lease at 270 Madsen Drive in the Bloomingdale Corporate Center, an industrial business park in Bloomingdale, Ill.

The company, an importer and wholesale distributor of furniture products, will expand and relocate its U.S. headquarters to the building, vacating its current 101,000-square-foot space in nearby Carol Stream.

Mark Moran

Mark Moran, executive vice president of NAI Hiffman, represented Target Marketing Systems in the transaction, which fills the entire property. Jones Lang LaSalle represented the owner, Barings Real Estate Advisers.

           

“Target Marketing Systems sought a second, overflow location, but after we completed a comprehensive review of its business operations, we advised the company of the cost savings and efficiencies gained by a complete relocation and expansion into one new space at Bloomingdale Corporate Center,” said Moran.

 “The scheduled tariff increases are a major concern for our distributor clients that are importing goods from China, so part of our strategy is to help them offset future expenses with long-term planning that streamlines operations to save money.”

 CONTACTS:

 Patty Cronin, pcronin@taylorjohnson.com, (312) 267-4513

Gretchen Muller, gmuller@taylorjohnson.com, (312) 952-4802

www.hiffman.com

First Release of Luxury Residences at The Village at Tamarack in Tamarack, Idaho

The Village at Tamarack signage

TAMARACK, Idaho, Nov. 4, 2019  – Tamarack Resort today announced the public release of its first luxury residences in The Village at Tamarack, the epitome of ski-in/ski-out living at the newest mountain village in the west. 

In celebration of the opening of the ski mountain and the new Wildwood chairlift, The Village is offering a First In Program to early buyers through December 15 that includes preferred pricing and a family season ski pass.  

 Kyle A. Mowitz

“The anticipation for The Village residences has been building over the summer and fall as the heart of the resort nears completion,” said Kyle Mowitz, Tamarack Resort managing partner.

 “We were pleased to see the support from our current residents who were offered the opportunity to purchase prior to the public release. 

"With construction nearly complete for Phase I, our newest homeowners will be able to start enjoying their residences this ski

season.”

At the base of the mountain, The Village at Tamarack features six buildings surrounding a center plaza with a total of 47,000 square feet of commercial space for restaurants, coffee shops, wine bars and a market, as well as guest services, resort operations and a real estate office. Heated, underground parking is located under the entire property.

The 56 Phase 1 luxury condominium residences scheduled for completion winter 2019/2020 range from 480-square-foot studios to 2,427-square-foot three-bedroom penthouses. Prices begin at $349,000 for the fully furnished properties.

The Village at Tamarack Residences are offered by Tamarack Realty, the resort’s exclusive on-site brokerage. To schedule a Hard Hat Tour contact Tamarack Realty at 208.325.1001 or RealEstate@TamarackRealty.com or, visit https://villageattamarack.com.

Media Contact:

Gloria Miller

208-310-6740

www.tamarackidaho.com

gloriamiller@redskypr.com

Voit Real Estate Services and Lee & Associates Direct the $7.78 Million Lease of a 156,694-SF Industrial Building in Redlands, CA

156,694-SF industrial building, Redlands, CA

Redlands, CA, Nov. 4, 2019 – Voit Real Estate Services is proud to announce that Walt Chenoweth, Executive Vice President & Partner, in the Voit Ontario office and Herrick Johnson, Senior Vice President with Lee & Associates in Riverside, successfully directed the $7,780,288 lease of a 156,694 square-foot industrial building in Redlands, on behalf of the Owner, Cabot Properties, based out of Boston, MA.

Walt Chenoweth

The Tenant, TrakMotive, based out of Redlands, will use this property to expand their automotive parts business, according to Chenoweth.  

“Walt and I worked hard to bring forth a lease opportunity for our client prior to the completion of the building’s construction,” according to Johnson.  “We are pleased we were able to accomplish this task approximately 30 days prior to completion for our client Cabot Properties.”

The property is located at 1675 W. Park Avenue in Redlands.

About Voit Real Estate Services

Voit Real Estate Services is a privately held, broker owned Southern California commercial real estate firm that provides strategic property solutions tailored to clients' needs.
 

Herrick Johnson

Throughout its 45+ year history, the firm has developed, managed and acquired more than 64 million square feet, managed $1.4 billion in construction projects and completed in excess of $50 billion in brokerage transactions encompassing more than 47,500 brokerage deals. 

Voit’s unmatched expertise in Southern California brokerage, investment advisory, financial analysis, and market research enable the firm to provide clients with forward looking strategies that create value for a wide range of assets and portfolios.

 Further information is available at www.voitco.com.  

 Contacts:

Walt Chenoweth

Voit Real Estate Services
909-545-8007
wchenoweth@voitco.com

Jessamyn J. Wilkinson | Director of Marketing

Voit Real Estate Services

2020 Main Street, Suite 100 | Irvine, CA 92614

T (949) 263-5314 | C (949) 929-7147

jwilkinson@voitco.com | www.voitco.com

Voit Real Estate Services, Broker License # 01991785