Steven Podolsky Achieves
Hat Trick for Longtime Clients
Podolsky|Circle Principal Closes Three Deals Outside of Chicago Market
Steven H. Podolsky, SIOR, has represented three separate longtime clients in out of state transactions. The transaction types – a purchase, a sale and a lease – are as varied as the companies with which Mr. Podolsky has fostered these 10-plus year relationships.
Approximately one-third of Mr. Podolsky’s business is done outside of the Chicago market. Utilizing his nationwide network of CORFAC and SIOR brokers, Mr. Podolsky is able to achieve the best results for his clients, no matter which side of a deal they’re on or where they operate.
These proficiencies are exemplified by Mr. Podolsky’s most recent transactions:
- Lake Cable, LLC purchased a property next door to their current facility in Elkhart, Indiana. This location was ideal for expansion without incurring expensive moving and startup costs. Over the past twelve years, Mr. Podolsky has provided advisory services to Lake Cable and its affiliated companies in six states (Illinois, Indiana, New York, Wisconsin, Florida and Texas) which have resulted in 15 purchase and lease transactions.
The newly-purchased 25,577 square foot industrial building sits on 2.07 acres at 910 Summa Drive, Elkhart, Indiana. Lake Cable will use it as a warehouse to store equipment and supplies to support its adjacent manufacturing operation.
Lake Cable, LLC, is a privately held wire and cable manufacturing company specializing in Instrumentation, Tray, Thermocouple, HVAC, Fire Alarm, Broadcast, Communication, Utility and custom made wire products.
- Carpet Cushions & Supplies (CC&S) sold their 30,933 square foot warehouse in Kansas City, Missouri. The building, located at 2015-21 Washington Street, was one of the company’s two Kansas City locations.
Mr. Podolsky has provided consultation services and market data for CC&S for approximately 10 years, assisting them in valuations and lease renewals of their facilities prior to this sale.
Carpet Cushions is one of the largest wholesale floor covering distributors of carpet cushions, installation supplies, and tools in the country. Their 20 Midwest branch locations in seven states service independent carpet and flooring installers, floor covering retailers and commercial floor covering contractors.
- Wurth Baer Supply Company (WBS) leased 9,600 square feet of industrial space in a 36,000 square foot building located at N28 W23240 Roundy Drive, Pewaukee, Wisconsin. Over a 20-plus year period, Mr. Podolsky has completed over 35 transactions with WBS in over a dozen states. An additional transaction in Minnesota is currently in negotiation.
Wurth Baer Supply is a specialty wholesale distributor to the woodworking industry offering an extensive inventory of decorative hardware, adhesive and abrasives, screws and fasteners, commercial tools, wood products, shop supplies and Formica laminate.