Rosemont, IL

Colliers Bennett & Kahnweiler Inc. (Colliers B&K) received the Industrial Transaction of the Year and Industrial Investment Transaction of the Year awards given by the National Association of Industrial and Office Properties at the 22nd annual Awards for Excellence ceremony. The event took place at the Sheraton Chicago Hotel and Towers November 9, 2009.

Industrial Transaction of the Year
The Colliers B&K team of Vernon F. Schultz, SIOR, Executive Vice President and Michael L. Senner, SIOR, Senior Vice President, represented Kronos Foods in a purchase, 20-year sale/leaseback and redevelopment of the former 207,000-square-foot U.S. Food Services building in Glendale Heights, Illinois. Kronos Foods sought to consolidate four separate facilities – meat processing, bakery, cold storage and distribution – into one location and chose Colliers B&K to perform a detailed multi-property, multi-state search for a building that encompasses their various requirements. Schultz and Senner assisted Kronos Foods in selecting United Insulated Structures Corporation to create the processing, baking and freezer requirement.  Michael Sedjo and Patrick McCourt of CB Richard Ellis represented the seller.

Industrial Investment Transaction of the Year
Jeffrey B. Devine, Steven C. Disse, Jeffrey F. Kahan, Principals, and David J. Egan, Senior Associate, members of Colliers Bennett & Kahnweiler’s Investment Services Group represented an anonymous seller in the sale of a 1,243,663-SF three-building portfolio in Addison and Lake Bluff, Illinois and Pleasant Prairie, Wisconsin.  This unique $42.4 million transaction completed during an unstable market satisfied the seller’s business needs as well as the buyer’s to acquire industrial properties at an appealing rate in less than six months.

Colliers B&K’s other award nominees were:

INDUSTRIAL INVESTMENT TRANSACTION OF THE YEAR
Michaels Chicago Distribution Center, New Lenox
693,185 Square Feet
Jeffrey F. Kahan, Principal
Steven C. Disse, Principal
Jeffrey B. Devine, Principal
David J. Egan, Senior Associate
Client: ING Clarion

DOWNTOWN OFFICE TRANSACTION OF THE YEAR
233 S. Wacker Drive, Chicago
217,410 Square Feet
Bob Chodos, Principal
Stephen M. Levitas, Executive Vice President
Client: Schiff Hardin LP

NAIOP, the Commercial Real Estate Development Association, is the leading organization for developers, owners and related professionals in office, industrial and mixed-use real estate. Each year, the Chicago Chapter of NAIOP recognizes outstanding achievement in industrial and office real estate in the Chicagoland area.

About Colliers International

Colliers International is a global affiliation of independently owned commercial real estate firms. The organization's 12,700 employees span the world in 294 offices in 61 countries. On a worldwide basis, Colliers manages 1.1 billion square feet, and has revenue of $US 1.6 billion.

Contact Information

Aimee Course

Director of Marketing and Communications

Colliers Bennett & Kahnweiler

847-698-8243

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