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Groundbreaking Held For Winpak Manufacturing Facility In Sauk Village

CHICAGO, Ill. – A groundbreaking was held today for the Winpak Portion Packaging manufacturing facility in Dermody Properties’/ DP Partners’ LogistiCenter at Sauk Village, Ill. Participants included Mayor Lewis Towers of Sauk Village, Illinois State Representative Anthony DeLuca, and representatives from Winpak Portion Packaging, Dermody Properties/DP Partners and Principle Construction.

Winpak is a leading multi-national packaging company and currently operates a manufacturing facility in nearby South Chicago Heights, producing plastic cups and trays for food and beverages. Their new 267,000 square foot facility will be located on a 28-acre site at 1111 Winpak Way. Principle Construction has begun work on the project and will complete the building envelope by November 2011, and the facility will be complete by March 2012. The expansion will create 40 jobs once the facility is complete, with more jobs in the future based on Winpak’s plans to expand the facility to a full 600,000 square feet.

Winpak chose Dermody Properties’/ DP Partners’ LogistiCenter because of its proximity to Winpak’s South Chicago Heights facility and its strategic location. LogistiCenter at Sauk Village is a 325-acre Class A business park, bounded by Illinois state highway 394 on the east, Cottage Grove Avenue on the west, Sauk Trail on the south and the CN on the north. Located within the heavy industrial Calument Expressway Corridor, the park has immediate access to IL 394 and is within six miles of I-80/I-94, making it an ideal location for serving the tri-state area of Illinois, Indiana and Michigan.

The State of Illinois provided a $1.6 million business investment package to Winpak Portion Packaging to help fund the new state-of-the-art manufacturing facility, which complements the company’s $30 million investment for land, building and equipment. The office of Governor Pat Quinn, the Illinois Department of Commerce and Economic Opportunity (DCEO), and Mayor Lewis Towers’ office were all instrumental in facilitating this successful transaction.

John Atwell, COO of Dermody Properties/ DP Partners, worked closely with Winpak throughout the process. Justin Fierz and Brian Vanosky of Lee & Associates represented Winpak, and George Cibula of Darwin Realty represented DP. Principle Construction is the general contractor for the build-to-suit facility.

About Dermody Properties
Dermody Properties is a privately held national industrial real estate development company. It is the parent company of DP Partners. Founded and headquartered in Reno, Nev., it has regional offices in Portland, Ore., Philadelphia, Pa., and Chicago, Ill., as well as property holdings in Las Vegas, Nev., Harrisburg, Pa., Savannah, Ga., and southern New Jersey. Over the last three years, Dermody Properties/DP Partners has developed and purchased more than 4.5 million square feet and leased approximately 1 million square feet annually. Dermody Properties currently has more than 3.5 million square feet of industrial space that is 90 percent occupied, and is actively doing build to suits and joint ventures throughout the nation. To learn more about Dermody Properties visit www.Dermody.com.

About Winpak Portion Packaging, Inc.
Winpak Portion Packaging, Inc. is a leading multi-national packaging manufacturing company. Winpak has nine production facilities in Canada and the United States, offering customers global coverage and expertise. The North American business units assist customers throughout the United States, Canada, Latin America and the Pacific Rim countries primarily for the protection of perishable foods, beverages, and in health care applications.

About LogistiCenter at Sauk Village
Dermody Properties/DP Partners began developing LogistiCenter at Sauk Village in March of 2005.  Since then, Dermody Properties/DP Partners has developed three facilities totaling 1,531,630 square feet.  When completed, the 325-acre business park will accommodate approximately 5,000,000 square feet of high-cube distribution and manufacturing space and attract between 500 and 1,500 jobs to the region.
LogistiCenter at Sauk Village offers the maximum in facility flexibility. Build-to-suit buildings are custom designed to meet the most demanding specifications of users. Dermody Properties/DP Partners is also developing single- or multi-tenant speculative buildings for immediate occupancy. All facilities in the park are built to Class A quality specifications, designed to protect the investment of tenants, the owner/developer, and the Village of Sauk Village.