CenterPoint Announces New Development in Pleasant Prairie, WI
Posted By Staff Writers On February 3, 2014 @ 5:37 pm
OAK BROOK, IL – CenterPoint Properties is pleased to announce the completion of a 471,360 SF built-to-suit facility on 26 acres for Ta Chen International, Inc., in LakeView Corporate Park. Ta Chen will transition from their current CenterPoint facility in Gurnee, IL to occupy the new development located at 109th Street, Pleasant Prairie, WI, which offers unique features such as additional steel to hold cranes, a larger operating space, and a heavy floor that the global importer requires.
Ta Chen entered a 15-year lease term on the property, which features cross-loaded drive-thru ability, 14 cranes with up to a 25-ton weight capacity each, reinforced floors, expandable 11-space trailer and 116-space car parking, 36’ clear height and 80’ bays, in addition to a 10,400 SF office space. The company, a leading distributor of stainless, aluminum and nickel alloy coils, sheets, plates, long products, tubes and PVFs, plans to have 61 employees at the facility, which will be its new Midwest distribution center.
“After nine years and one addition to their current facility, Ta Chen needed a more efficient and larger facility,” remarked Edward Harrington, senior vice president of development at CenterPoint Properties. “We are pleased to be able to solve Ta Chen’s growing real estate needs and relocate them to a facility that is twice as large as their current one. They now have a facility that provides them the capability to run their business efficiently from a state-of-the-art CenterPoint Property.”
The specialized features of the building and centralized location with direct access to I-94 in the Southeast Wisconsin submarket, positions Ta Chen to distribute their products throughout the Midwest and across a wide array of customers, reducing cost and time of delivery.
Cornerstone Architects provided the architectural services for the facility, while FCL Builders served as the general contractor for the project. Sam Badger and Whit Heitman of Cushman & Wakefield represented CenterPoint Properties, while Nathan Anderson and Darren Butler of NAI Brannen Goddard represented Ta Chen on the long-term lease transaction.
“We were confident that relocating to the state-of-the-art CenterPoint facility would provide all of the technological and physical requirements a specialized metals-importing company requires,” stated vice president of Ta Chen International, Inc., Fred Nummela. “CenterPoint delivered the facility on-time and on-budget, streamlining the transition process from our existing facility to the new building, without interruptions, enabling us to meet our customers’ demands.”
About CenterPoint Properties
CenterPoint Properties is focused on the development, acquisition and management of industrial property and transportation infrastructure that enhances business and government supply chain efficiency. The company invests in major coastal and inland port logistics markets anchoring North America’s principal freight lanes. CenterPoint‘s portfolio includes 45.5 million square feet and 6,000 acres under development in the company’s integrated intermodal industrial parks. For more information on CenterPoint Properties, visit www.centerpoint.com or follow @centerpointprop on Twitter.
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