Del Monte Inks 10-Year Renewal at Calumet Business Center
NAI Hiffman arranged a 10-year lease renewal for Del Monte Fresh Produce at 9860-80 S. Dorchester Ave., a 48,000-square-foot warehouse within the Calumet Business Center in the South Side’s Cottage Grove Heights neighborhood. Del Monte signed the original lease in 1999.
EVP Chris Gary represented Austin, TX-based landlord Glen Una Properties in the transaction, which will include Glen Una adding four docks to the warehouse. The property is part of the 12-building, two-million-square-foot Calumet Business Center industrial park, also owned by Glen Una.
“Calumet Business Center is a truly one-of-a-kind business park, with strong ‘stickiness’ of tenants that need either rail service or support local manufacturing processes,” said Gary, who represented Ashley Capital in the sale of Calumet Business Center to Glen Una in 2017. “As a testament to the enduring value of this space, Del Monte has been here for 20 years and has committed to 10 more.”
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).