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TMCNet:  CTI Industries Enters into Lease for Expanded Facilities in Lake Zurich, Ill. [Professional Services Close - Up]

[September 28, 2012]

CTI Industries Enters into Lease for Expanded Facilities in Lake Zurich, Ill. [Professional Services Close - Up]

(Professional Services Close - Up Via Acquire Media NewsEdge) CTI Industries Corp., a manufacturer and marketer of home storage pouches and systems, foil balloons, latex balloons, novelty items and printed and laminated films, announced that the company has entered into a four and one-half year lease of expanded facilities for its warehouse, fulfillment and operations functions.


In a release, the Company said the facility, encompassing approximately 116,000 square feet of warehouse and office space is located in Lake Zurich, Ill., approximately six miles from its principal plant and offices in Lake Barrington, Ill. The facility will replace current warehouse locations comprising about 55,000 square feet with lease terms expiring on Dec. 31.

The newly-leased facility will provide additional warehouse space to accommodate increased inventory levels and fulfillment activities related both to CTI's consumer storage product lines and its novelty balloon product lines. CTI will also conduct balloon inflation operations at the facility and will utilize the office areas for customer service, fulfillment and warehouse management operations.

((Comments on this story may be sent to newsdesk@closeupmedia.com)) (c) 2012 ProQuest Information and Learning Company; All Rights Reserved.

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