Archive for March, 2009

(Crystal Lake, Illinois) – Glashaus, Inc., a privately owned company with offices in Germany as well, is the North American distributor of WECK glass blocks and other glass construction materials. J. Weck GmBH & Co., under the Glashaus local name, recently restructured and signed a renewal for 15,073 square feet of warehouse and office space in Crystal Lake, Illinois at 450 E. Congress Parkway.

The multi-tenant warehouse was built in 1995 and is situated in the heart of the McHenry County Industrial submarket. The building consists of a total of 118,400 square feet and features 24’ ceiling heights, 24 exterior loading docks, 5 drive-in doors and 170 car parking. It also has excellent access to local US Highway 14, IL Routes 176 and 31, as well as low McHenry County taxes.

Marat Safir, President of Taurus Realty Partners, represented Glashaus in the lease transaction. The building ownership consists of a partnership of Cobalt Industrial REIT and USAA Real Estate Company, both based out of Texas. Ownership was represented by Tyler Hardy of CB Richard Ellis.

“Upon review of the market and nearby options, the existing facility presented the most viable alternative. We were able to avoid business disruptions and negotiate competitive economic terms during a challenging time within our client’s industry,” commented Safir.