Podolsky Represents Menards in Third Local Transaction
Home Improvement Giant Purchases 17.48 acres in Melrose Park, IL
Steven H. Tick, SIOR, Principal at Podolsky Northstar CORFAC International, has represented Menard, Inc. in the purchase of 17.48 acres of land in Melrose Park, IL.
The 17.48 acres, situated along W. North Avenue between Hawthorne and Cornell Avenues, was previously owned by three separate private entities. Menards will demolish the current mix of industrial and office buildings on the sites and use the land to build a 263,701-square-foot retail store and a 47,652-square-foot warehouse.
This is the 3rd transaction Tick has completed for Menard, Inc. over the past 12 years. He previously represented the company in the purchase of 26 acres in Chicago.
Menards, a family-owned company started in 1960, is headquartered in Eau Claire, Wisconsin and has 270 home improvement stores located in Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, Wisconsin and Wyoming.
“This new Melrose Park location will help Menards better serve their customer base,” stated Tick.