CORFAC News

Contact:
Michael Millar
(312) 644.7211
mmillar@rejournals.com 

Chicago, IL (January 2, 2013) – Steven H. Tick, SIOR, Principal at Podolsky Northstar CORFAC International, has represented Menard, Inc. in the purchase of 17.48 acres of land in Melrose Park, IL.

The 17.48 acres, situated along W. North Avenue between Hawthorne and Cornell Avenues, was previously owned by three separate private entities.  Menards will demolish the current mix of industrial and office buildings on the sites and use the land to build a 263,701-square-foot retail store and a 47,652-square-foot warehouse.

This is the 3rd transaction Tick has completed for Menard, Inc. over the past 12 years.  He previously represented the company in the purchase of 26 acres in Chicago. Menards, a family-owned company started in 1960, is headquartered in Eau Claire, Wisconsin and has 270 home improvement stores located in Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, Wisconsin and Wyoming.

“This new Melrose Park location will help Menards better serve their customer base,” stated Tick.

About CORFAC International
CORFAC International (Corporate Facility Advisors) is distinguished by the way it manages multi-market commercial real estate assignments on behalf of corporate entities and privately owned companies. Founded in 1989, U.S.-based CORFAC is comprised of privately held entrepreneurial firms with expertise in office, industrial and retail real estate leasing and investment sales, multifamily property acquisitions and dispositions, property management and corporate services in North America, with coverage in South America provided by Panama-based Latin American Corporate Property Services. A Principal Member of FIABCI – the International Real Estate Federation with global affiliates in Europe and Asia, CORFAC International offers commercial real estate services with market reach in 65 countries worldwide. In recent years, CORFAC firms have averaged 10,000 completed transactions annually encompassing nearly 100 million square feet and valued at more than $6 billion. For more information on CORFAC, contact 703.532.6160 or visit www.corfac.com.