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Bauderer Packaging Leases Additional Space At 775 Belden Avenue In Addison

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LEASED
Michael (Mike) Plumb
Rick Morris
+ 1

Illinois

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Industrial28,769 SF
Leased
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Property Image
LEASED

Bauderer Packaging Leases Additional Space At 775 Belden Avenue In Addison

775 Belden Avenue Addison, IL 60101, USA

See Similar Deals
Industrial28,769 SF
Leased
Michael (Mike) Plumb
Rick Morris
+ 1
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Summary

ILLINOIS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:28769 SF
Transaction Type:Lease

A 28,769-square-foot lease expansion has fully occupied the 200,907-square-foot industrial property located at 775 Belden Avenue in Addison, IL. The property, owned by Link Logistics, is situated in the Addison market.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 775 Belden Avenue
  • Market: Addison
  • Square Footage: 28,769

The landlord, Luke Petherbridge from Link Logistics, oversaw the lease expansion. The tenant, Bauderer Packaging, was represented by Rick Morris of Cresa. On the landlord's side, Jeff Janda and Michael Plumb from Lee & Associates served as the representatives.

This lease expansion adds to the occupancy of the property, reaching its full capacity. It was a successful transaction facilitated by the brokerage firms involved, bringing together both the landlord and the tenant.

Players

Jeffrey (Jeff) Janda
25 deals$27.2M volume(847) 736-7338
BROKER

Michael (Mike) Plumb
Lee & Associates
11 deals$11.6M volume(847) 560-0481
BROKER


Link Logistics Real Estate
BROKERAGE

Luke Petherbridge
Link Logistics Real Estate
15 deals$1B volume
LANDLORD

Luke Petherbridge
15 deals$1B volume
LANDLORD

Details

LEASED
IMAGE: Michael Plumb, Luke Petherbridge, Rick Morris & Jeff Janda DATE: 09/11/2023 ADDRESS: 775 Belden Avenue MARKET: Addison ASSET TYPE: Industrial ~ SF: 28,769 LANDLORD: Link Logistics (@LinkLogisticsRE) - Luke Petherbridge TENANT: Bauderer Packaging LANDLORD'S REP: Jeff Janda & Michael Plumb - Lee & Associates (@leeassociatesre) TENANT'S REP: Rick Morris - Cresa (@CresaGlobal) NOTE: A 28,769-square-foot lease expansion at 775 Belden Avenue in Addison, IL, has fully occupied the 200,907-square-foot property. Lee & Associates of Illinois represented the landlord, Link Logistics, and Cresa represented the tenant, Bauderer Packaging.

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Deal Type
Effective Rent (Annual)

$1,649,021.72

Total Lease Value

$16,490,217.20

Net Landlord Cash Flow$1,649,021.72