Princeton, N.J. NAI Global said Wednesday that NAI member firms in Dallas and St. Louis combined to represent The Sherwin-Williams Co. in the renewal and extension of its largest leased facility, a 1.2 million-sq.-ft. regional distribution center in Effingham, Ill.
Thomas Lynn, president of corporate services at NAI Robert Lynn, Dallas, negotiated the lease after an exhaustive process during which build-to-suits in several surrounding cities in Illinois and Indiana were considered. Lynn was able to secure facility improvements and economic incentives that will net Sherwin-Williams multi-million-dollar savings over the term of the lease. The transaction has an aggregate value in excess of $20 million. The three-building complex is owned by a private out-of-state investor.