Finance Net Leasing
Bissell to Take Industrial in Illinois
April 28, 2008

On behalf of Bissell Homecare, Inc., Binswanger is pleased to announce the completion of negotiations for a 500,000-square-foot, build-to-suit distribution facility to be developed by CenterPoint Properties and built on a 36-acre land parcel located in the CenterPoint Intermodal Center in Elwood, Ill. Slated for completion by the end of the year, the new building will serve as Bissell’s Midwest distribution center.

 
Recent Net Leasing Headlines
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NetLease Q&A: CB Richard Ellis' Sandquist Says Quality Deals, Sale-Leaseback Best Bets Now
In business parlance, doom usually comes paired with gloom, and the current state of the real estate market – even commercial sectors whose fundamentals aren’t that bad – inspires people to haul out that set of words. But not everyone sees things that way, least of all in the net lease business. Andrew Sandquist, senior vice president in the Oak Brook, Ill., office of CB Richard Ellis Inc., and a net lease investment specialist with the company’s investment properties group, points out that the pace of net lease investment sales may be slower than it once was, but that deals are getting done despite problems with the debt markets and the wider economy. In fact, problems with debt are spurring some pockets of activity in the business – particularly sale-leaseback transactions.