New 10-Year Lease for Nearly 700,000 Square-Foot Facility
CHATTANOOGA, TN–April 26, 2011 (James Street Media Services)–JDK Real Estate, LLC, a member of the Kenco Family of Companies, has signed a lease with Chattem, Inc., the U.S. Consumer Healthcare Division of sanofi-aventis, for 689,450 square feet of warehouse space in Chattanooga, TN. Chattem has taken occupancy of the facility.
JDK was represented in this transaction by Jones Lang LaSalle’s Columbus, Ohio and Memphis, Tennessee offices, while Chattem was represented by JM Zell Partners of Washington, D.C.
About JDK Real Estate, LLC
JDK Real Estate, LLC specializes in leasing, site selection analysis and tenant improvement consulting. The company owns approximately five million square feet of warehouse space in the United States. JDK services include contract negotiations, site optimization and selection, facility management, warehouse design, retrofitting for specialty needs, construction management, lease administration and aggressive space management. Learn more at www.jdkrealestategroup.com.
About The Kenco Family of Companies
Kenco's core competencies include not only logistics services but also transportation, real estate management and material handling equipment. The Kenco Family of Companies includes Kenco Logistic Services, Kenco Transportation, Kenco Toyota-Lift, Kenco Management Services, and JDK Real Estate. Learn more at www.kencogroup.com.