Former Portage Times Building Becomes New Home to ALA Industries
Portage, IN | December 6, 2018 | RMKK Properties d.b.a. ALA Industries Limited has purchased the former Times Building at 3410 Delta Drive, Portage, IN. The transaction of the 9,009 SF building was completed on November 19, 2018. ALA plans to take occupancy at the beginning of the new year.
Myles Rapchak, of Latitude Commercial, represented the buyer in the purchase. “This was a great move for ALA Industries Limited,” said Rapchak. “They were able to not only expand their footprint from their current Valparaiso location, but they were also able to purchase the building. These two factors give them room for growth as well as ownership rather than leasing where they formerly were. Overall, they were very happy with the transaction and are looking forward to the future in their new home.”
Aaron McDermott, CCIM also of Latitude Commercial represented The Times in the sale of the building. “The Times consolidated this location into their Munster and Valparaiso locations, as well as a larger distribution center,” said McDermott, “so this location had been underutilized for a number of years.“
Latitude Commercial provides commercial real estate services, such as purchasing, leasing and tenant representation throughout Northwest Indiana and the Chicago Suburbs.