Archive | Chicago Industrial Properties

Avison Young: Chicago industrial market full of “renewed vigor”

February 16, 2017 Renewed vigor. Those are the words that Avision Young used to describe the Chicago industrial market at the end of the fourth quarter of 2016. And that's a description sure to please the CRE professionals who work this market. Read more...

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E-commerce and the growth of regional distribution hubs

February 16, 2017 E-commerce has been one of the main drivers of industrial activity in the Chicago market in recent years. Led by several large users, the e-commerce industry has been responsible for absorbing large quantities of space, driving rental rates and spurring significant levels of new construction. Read more...

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Marcus & Millichap names senior managing director in Chicago office

February 16, 2017 Marcus & Millichap has named Joshua Jandris of the firm’s Chicago O’Hare office as a senior managing director of investments. Read more...

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Meridian Design Build wraps construction on 67,000-square-foot industrial facility in Bartlett

February 16, 2017 Meridian Design Build recently completed a 67,080-square-foot build-to-suit industrial facility for Traffic Control & Protection in Bartlett, Illinois. Read more...

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Southeast Wisconsin industrial market not just attracting tenants from Illinois

February 14, 2017 The story is an old one: Illinois end users are fleeing the state and crossing the border into Southeast Wisconsin to find more affordable warehouse and distribution center space. But a pair of brokers – one from Chicago and one from Milwaukee – dispute this narrative. Read more...

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Opus’ Kurucz: Overbuilding not an issue in Chicago industrial market

February 13, 2017 Opus Group is making a big investment in Chicago’s Interstate-55 corridor, building a 111,345-square-foot speculative industrial building in the Paragon Business Park in suburban Romeoville. Read more...

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The Opus Group brings 112,000-square-foot spec industrial warehouse, office building to Bolingbrook

February 10, 2017 The Opus Group recently completed construction on 1325 Remington, a 112,049-square-foot warehouse and office building in Bolingbrook, Illinois. Additionally, Opus announced that Computershare, a global provider of financial and shareholder communication services, has signed a long-term lease agreement as the building’s first tenant, leasing 44,357 square feet of the space. Read more...

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Avison Young marketing 93,000-square-foot industrial portfolio in Northbrook

February 09, 2017 Avison Young has been awarded the exclusive sale listing for a 93,059-square-foot, two-building industrial portfolio in Northbrook, Illinois, part of Chicago’s north suburban market. Read more...

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SIOR’s Chicago chapter awards five scholarships

February 09, 2017 The Chicago Chapter of the Society of Industrial and Office Realtors and the SIOR Foundation has awarded five scholarships for the academic year of 2015-2016 totaling $15,000. Each of the five students received a scholarship of $3,000. Read more...

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Numbers from Real Capital Markets prove one thing: CRE had a boom year in 2016

February 09, 2017 How strong a year was 2016 for commercial real estate? The numbers from Real Capital Markets, a global marketplace for buying and selling commercial real estate, say that last year was a record-breaker for the industry. Read more...

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Beyond supply and demand: Macro-economics and industrial in 2017

February 08, 2017 Supply and demand, on the surface, are two simple factors that together influence industrial real estate pricing for sales and leases, and shape the new development landscape. But once you scratch the surface, there’s a lot more to the market than meets the eye. Read more...

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The road to closing: Navigating 2017’s twists and turns

February 07, 2017 Sometimes, “the good ole’ days” are right now. For commercial mortgage borrowers, it’s likely that conditions are better now than they will be for several years. Read more...

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Newmark Grubb Knight Frank closes 95,000-square-foot industrial deal in Quad Cities

February 07, 2017 Jeffrey Miller, senior managing director in Newmark Grubb Knight Frank’s Chicago office recently arranged the purchase of 500 36th St. in East Moline, Illinois, on behalf of an undisclosed buyer, a regional repeat client of NGKF. The acquisition of the Quad Cities-area manufacturing facility is valued at more than $5 million. Read more...

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Chicago industrial veterans form Industrial Outdoor Ventures

February 07, 2017 Chicago-based industrial real estate veterans Tom Barbera, JD Salazar and Joe Voet have officially launched Industrial Outdoor Ventures, a real estate investment company specializing in the acquisition, development and re-development of Industrial Service Facilities. Read more...

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NAI Hiffman closes 72,000-square-foot industrial lease in Chicago Heights

February 06, 2017 Thanks to the help of NAI Hiffman, Innovative Logistics Group has signed a new least at 480 E. Lincoln Highway in Chicago Heights, Illinois. Read more...

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Illinois’ IMPACT Strategies hires director of development and construction services

February 06, 2017 Construction management firm IMPACT Strategies, based in Fairview, Illinois, recently hired Nick Walker as director of development and construction services. Read more...

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Opus Group to build 111,000-square-foot industrial facility in Romeoville

February 06, 2017 The Opus Group will build a 111,345-square-foot speculative industrial development located in the Interstate-55 industrial corridor in Romeoville, Illinois. This will be the second and final phase of its project at the Paragon Business Park after successfully building and selling two other speculative industrial developments in 2016. Read more...

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Lee & Associates brokers 202,000-square-foot industrial lease in Waukegan

February 03, 2017 Lee & Associates negotiated a new lease in a 202,177-square-foot industrial facility at 3600 Sunset Ave. in Waukegan, Illinois. Read more...

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Chicago’s Alpha Capital CRE hires managing director

February 03, 2017 Chicago-based Alpha Alternatives, a nationwide commercial real estate capital markets firm, has announced a rebranding and name change to Alpha Capital CRE. Alpha has transitioned away from fund-placement services to focus solely on commercial mortgage banking. Read more...

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GLP buys 448,000 square feet of distribution facilities in Chicago market

February 02, 2017 GLP recently acquired 448,000 square feet of distribution facilities in Chicago in a pair of transactions. The company spent $33 million to purchase the buildings, each from an institutional owner. Read more...

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