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Avison Young brokers sale of 43,453 square-foot building on behalf of family-owned manufacturerFebruary 22, 2022
Naperville allows for manufacturing expansion
Chicago, IL– Avison Young announced today that it has negotiated the sale of 43,453 square-feet (sf) of industrial space on behalf of Royal Envelope located at 1500 Shore Rd. in Naperville, IL.
Royal Envelope, the buyer, was represented by Avison Young’s Zeke Rowan, Adam Haefner, and Martin Mikaitas, all based in the firm’s Chicago office.
The seller was TradeLane Properties.
“The building in Naperville fit all the needs of our client and provided some perks that will benefit their operation in the long run,” said Rowan. “We’re seeing many manufacturers outgrow their current facilities. This company has a long history of relationships and continues to grow which resulted in the need of more expansion,” added Haefner.
Founded in 1978, Royal Envelope is a family-owned envelope manufacturing and lithography company. Royal Envelope specializes in meeting unique customer needs from design to state-of-the-art printing, die-cutting, folding and gluing, customized solutions and specialty envelopes which are considered the strength of their business.
“We were taught that successful companies are built with a long-term approach in mind. This is true for investments in people, vendors, and clients,” said Mike Pusatera, President of Royal Envelope. “Rarely does a company stay in business when the focus is the short-term. We wanted a facility that would provide that same longevity.”
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For more information:
- Download property photo: 1500 Shore Road, Naperville, IL
- Jéntill Neal, Media Relations, Midwest: +1.312.796.0380