Podolsky|Circle Locates Incentives for Client in Munster, Indiana
Tec-Air Inc. Expands, Relocates Corporate Headquarters Out Of Illinois
Tec-Air, Inc. (Tec Air) has completed a lease transaction for 127,600 square feet of space in Munster, Indiana. Corey B. Chase, Principal, represented Tec Air in the transaction.
Tec Air received a lucrative incentive package from the State of Indiana for moving to the new location. The company signed a long-term 15-year lease in a 924,400 sq. ft. multi-tenant building at 9200 Calumet Avenue in Munster, IN.
Tec Air is a designer and manufacturer of plastic air movement components and systems for the automotive, appliance, yard care, floor care, HVAC, refrigeration and climate control industries. The firm will use the space as its corporate headquarters and manufacturing facilities, relocating from their current facility at One Tec Air Avenue in Willow Springs, IL.
Chase, who specializes in obtaining governmental incentives for tenants, explained, “Although the Chicago market possesses prominent advantages – our robust infrastructure, for example – in some cases the multiple incentives offered by surrounding states such as Indiana are too valuable to ignore.”