Newmark Grubb Knight Frank (NGKF) announced today that it has successfully arranged three industrial lease transactions totaling 131,065 square feet on behalf of Good News Publishers, Zilber Property Group and Caldic USA Inc. Led by Adam Marshall, SIOR, CCIM, senior managing director, and Mark Deady, CCIM, director, all three recent transactions were completed in the fourth quarter of 2016.
In the first transaction, NGKF arranged a long-term, 46,365-square-foot lease renewal on behalf of Good News Publishers at 320 West Army Trail Road in Carol Stream, Illinois. Founded in 2013, Good News Publishers is a newspaper publishing company that also operates under the name Crossway Publishing. The team negotiated directly with the private owner of the property.
NGKF’s Marshall and Deady arranged a 42,521-square-foot lease to ComEd on behalf of the landlord, Zilber Property Group, at 1333 Davis Road in Elgin, Illinois. Randy Olczyk of Chicagoland Commercial Real Estate represented ComEd in the transaction.
In the third transaction, NGKF’s Marshall and Deady represented Caldic USA Inc. in a 42,179-square-foot lease renewal at 2425 Alft Lane in Elgin, Illinois. Founded in 1970, Caldic USA Inc. is a distributor and manufacturer within the chemical and food market. The firm signed a long term extension of its lease at its Elgin facility, which is used for production and distribution. The team represented Caldic USA, Inc. in the lease negotiations while Exeter Property Group, the landlord, was self-represented by Jason DeFilippis.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank (NGKF) is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NGKF’s 14,100 professionals operate from more than 400 offices in established and emerging property markets on six continents.
With roots dating back to 1929, NGKF’s strong foundation makes it one of the most trusted names in commercial real estate. NGKF’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
NGKF is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit http://www.bgcpartners.com/.