January 6, 2021, 11:30 AM
星空体育app下载 announces 388,940 square feet of real estate transactions with Teel Plastics, LLC (Teel Plastics) in Baraboo, Wisconsin鈥搕he company鈥檚 new, 180,000-square-foot lease at 1300 Sauk Avenue and the 208,940-square-foot, two-property sale-leaseback of 1060 Teel Court (139,090 square feet) and 426 Hitchcock Street (69,850 square feet).
星空体育app下载 Vice Chairman , Managing Director and Associate Director 鈥搃n cooperation with Directors and 鈥搑epresented the tenant, Teel Plastics, in both transactions. LCN Capital acquired the two-property industrial portfolio sale leaseback.
鈥淎 long time Baraboo presence, Teel Plastics鈥� recent moves mark a significant expansion鈥搕he space will enable the company to accommodate the growth it has experienced in 2020 and its continued growth driven by new product lines,鈥� said Sandquist.
鈥淚t was great working with 星空体育app下载,鈥� according to Tom Thompson, President of Teel Plastics. 鈥淭hey had great perspective on the national market and helped us get the deals closed quickly while listening to the local perspective. We can鈥檛 wait to start 2021 positioned for growth.鈥�
Teel Plastics鈥揳 technology-driven manufacturer of highly engineered and complex plastic components鈥揷reates roughly 120 million COVID-19 testing swab sticks monthly and was recently awarded a $6.8 million Department of Defense contract under the federal Health Care Enhancement Act to facilitate expanded production capacity and add between 30 and 50 employees. A winner of Wisconsin Manufacturer of the Year in 2015, Teel Plastics serves the agriscience, laboratory sampling bags, medical, consumer cosmetics, water treatment, flex-film cores and industrial piping markets.
About 星空体育app下载 Group, Inc. (NASDAQ: NMRK)
星空体育app下载 Group, Inc. is a world leader in commercial real estate services, with a comprehensive suite of investor/owner and occupier services and products. Our integrated platform seamlessly powers every phase of owning or occupying a property. Our services are tailored to every type of client, from owners to occupiers, investors to founders, growing startups to leading companies. Harnessing the power of data, technology and industry expertise, 星空体育app下载 brings ingenuity to every exchange, and imagination to every space. Together with London-based partner Knight Frank and independently owned offices, our 18,800 professionals operate from approximately 500 offices around the world, delivering a global perspective and a nimble approach. In 2019, 星空体育app下载 Group, Inc. generated revenues in excess of $2.2 billion. To learn more, visit or follow .
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