Avison Young news: Find out the latest industry happenings
Quarterly and topical research insights to help your business gain competitive edge in commercial real estate.
Avison Young brokers sale of 43,453 square-foot building on behalf of family-owned manufacturerFebruary 22, 2022
Naperville allows for manufacturing expansion
Chicago, IL– Avison Young announced today that it has negotiated the sale of 43,453 square-feet (sf) of industrial space on behalf of Royal Envelope located at 1500 Shore Rd. in Naperville, IL.
Royal Envelope, the buyer, was represented by Avison Young’s Zeke Rowan, Adam Haefner, and Martin Mikaitas, all based in the firm’s Chicago office.
The seller was TradeLane Properties.
“The building in Naperville fit all the needs of our client and provided some perks that will benefit their operation in the long run,” said Rowan. “We’re seeing many manufacturers outgrow their current facilities. This company has a long history of relationships and continues to grow which resulted in the need of more expansion,” added Haefner.
Founded in 1978, Royal Envelope is a family-owned envelope manufacturing and lithography company. Royal Envelope specializes in meeting unique customer needs from design to state-of-the-art printing, die-cutting, folding and gluing, customized solutions and specialty envelopes which are considered the strength of their business.
“We were taught that successful companies are built with a long-term approach in mind. This is true for investments in people, vendors, and clients,” said Mike Pusatera, President of Royal Envelope. “Rarely does a company stay in business when the focus is the short-term. We wanted a facility that would provide that same longevity.”
Avison Young creates real economic, social and environmental value as a global real estate advisor, powered by people. As a private company, our clients collaborate with an empowered partner who is invested in their success. Our integrated talent realizes the full potential of real estate by using global intelligence platforms that provide clients with insights and advantage. Together, we can create healthy, productive workplaces for employees, cities that are centers for prosperity for their citizens, and built spaces and places that create a net benefit to the economy, the environment and the community.
Avison Young is a 2021 winner of the Canada' s Best Managed Companies Platinum Club designation, having retained its Best Managed designation for 10 consecutive years.
For more information:
- Download property photo: 1500 Shore Road, Naperville, IL
- Jéntill Neal, Media Relations, Midwest: +1.312.796.0380