Hammond-based AM Stabilizers Corp. has acquired a vacant distribution facility from Valparaiso's redevelopment commission. A spokeswoman for Illinois-based realtor NAI Hiffman says the deal is valued at nearly $3 million. October 9, 2013
VALPARAISO, Ind. – The City of Valparaiso Redevelopment Commission recently sold a 123,000-square-foot manufacturing and distribution facility to AM Stabilizers Corporation, a global supplier of high-quality liquid and powder heat stabilizers. Chris Gary, vice president with NAI Hiffman's industrial services group, represented both sides of the transaction. The building, located at 705 Silhavy Road in Valparaiso, Indiana, was originally designed as a beverage distribution facility and retains features like heavy power, wide bays and a well-maintained floor with drains.
About NAI Hiffman
Comprised of over 130 real estate professionals, NAI Hiffman (www.hiffman.com) provides leasing, management and investment sales representation for owners and occupiers of commercial real estate in the Chicago metro market. It currently leases and manages a 56+ million SF portfolio of over 330 commercial properties throughout metropolitan Chicago and Northwest Indiana. NAI Hiffman is the Chicago-area representative for NAI Global, the world's largest managed network of real estate service providers, comprising 5,000 brokers in 325 offices serving over 50 countries throughout the world.
Source: NAI Hiffman