Archive | September, 2011

Unilever sells industrial properties to Village of Franklin Park

September 19, 2011 The Village of Franklin Park, a community with over 18,000 residents just Northwest of the City of Chicago, has purchased a two-building industrial complex totaling 284,000 square feet (sf) on 13.46 acres at 9353 and 9451 West Belmont Avenue in Franklin Park, Ill. Read more...

Chicago Industrial Properties, Illinois Real Estate Journal Comments (3)

Essex Realty announces two multifamily sales

September 19, 2011 Essex Realty Group, Inc. has completed two sales in the Chicago area totaling $2.26 million. Read more...

Illinois Real Estate Journal Comments (0)

Minnesota’s Stahl Construction opens Iowa location

September 15, 2011 St. Louis Park, Minn.-based Stahl Construction Co. recently opened a new office in metropolitan Des Moines. The company also hired four new employees at the firm’s Minneapolis-area headquarters. The moves allow the general contracting and construction management firm to better serve $150 million in new projects now under way in Iowa, Nebraska and Minnesota. Read more...

Midwest Real Estate News, Minnesota Real Estate Journal, News Comments (1)

Two new retailers fill space left behind by Circuit City at Indiana retail center

September 15, 2011 Two new anchors have signed on at the Greenwood Point Retail Center in Greenwood, Ind. These moves fill the space left behind when consumer-electronics retailer Circuit City vacated the retail center managed by the Broadbent Company. Read more...

Midwest Real Estate News, News Comments (1)

Grubb & Ellis helps trust purchase 116-unit apartment complex in Kansas

September 14, 2011 Orozco Capital Trust has purchased the 116-unit Shawnee Lakes Apartments in Topeka, Kan., for $4.2 million. The seller was Shawnee Lake Apartments, L.P. out of Wichita. Read more...

Midwest Real Estate News, News Comments (1)

State Farm to move into key building at Indianapolis office park

September 14, 2011 State Farm will take over 88,408 square feet at an office building within the Keystone at the Crossing office complex in Indianapolis. Read more...

Midwest Real Estate News, News Comments (1)

Lee & Associates closes $2M sale at industrial park

September 14, 2011 The Illinois office of Lee & Associates has closed on the $2 million sale of a 319,589-square-foot industrial park in Michigan City, Ind. Lee & Associates of Illinois represented the seller, XMH Corp. 1 (formerly known as Hartmarx Corporation), in the transaction. Read more...

Chicago Industrial Properties, Illinois Real Estate Journal Comments (0)

Groundbreaking held for Winpak Packaging in Sauk Village

September 13, 2011 A groundbreaking was recently held 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. Read more...

Chicago Industrial Properties, Home Column Comments (0)

Missner Group selected for Catalyst build-out in Wisconsin

September 13, 2011 The Missner Group has been selected for a 22,000-square-foot build-out for Catalyst Exhibits’ at the company’s new 145,000 square foot warehouse/office/production location in Pleasant Prairie, Wis. Catalyst Exhibits is slated to move from Crystal Lake, Ill. to southeast Wisconsin due to an attractive State of Wisconsin incentive package. Read more...

Chicago Industrial Properties Comments (0)

Panama Canal expansion could bring shift in distribution patterns

September 13, 2011 Just when supply chain experts thought they had it all figured out, the revamped and expanded Panama Canal opening in 2014 will raise a lot of questions and potentially change current shipping patterns for many large-scale distributors. Read more...

Chicago Industrial Properties Comments (6)