Archive | Chicago Industrial Properties

JLL Property Income Trust buys Aurora Distribution Center for approximately $27 million

May 24, 2016 This is its second industrial acquisition in this market in the past six months, and the eighteenth property investment it has made in the industrial sector over the last three years. Read more...

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Perkins Manufacturing continues to expand, leases 75,000 square feet of industrial space in Bolingbrook

May 24, 2016 This marks the third move for Perkin’s in the last nine years due to continued growth of the company. Perkins expanded out of a 14,000-square-foot facility at 423 E. Elm Avenue in LaGrange, Illinois. Read more...

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AIRE turns the big 6-0: Chicago chapter announces how it plans to celebrate the major milestone

May 23, 2016 According to Prost, there are a number of ways AIRE will commemorate its 60th anniversary. A slightly modified logo has been created to highlight the milestone. Reflections of the industry’s rich and colorful history as well as perspectives on the future of the industry are being planned Read more...

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Transwestern brokers 248,545 square feet in industrial leases in Waukegan, Illinois

May 23, 2016 Horizons Window Fashions, a manufacturer of specialty, customized and innovative window fashions, executed a long-term lease for 128,296 square feet at two adjacent properties in the Amhurst Lakes Business Center. Read more...

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NAI Hiffman completes two leases in I-55 Corridor totaling 267,885 square feet

May 23, 2016 NAI Hiffman represented Sun Life Assurance Company of Canada recently in a 259,744-square-foot lease renewal with WestRock Converting Company at 365 Crossing Rd. in Bolingbrook, Illinois. Read more...

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Clear Height Properties, Diamond Realty acquire 35,530-square-foot industrial property in Suburban Chicago

May 20, 2016 The duo plans to make extensive base building improvements to the property including new energy efficient lights, resurfacing the parking lot, replacing the roof, new HVAC systems and renovating the office. Read more...

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Erica Rogers joins Avison Young Chicago office as VP

May 19, 2016 She will assist with landlord representation services in the Midwest and nationally. Read more...

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Doug Kinney joins Bentall Kennedy’s Chicago office as an executive VP

May 19, 2016 Doug Kinney has joined Bentall Kennedy as executive vice president of Client Relations and Product Development. Read more...

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Molto Properties seeks to glam up existing industrial facility in Niles into class A distribution center

May 17, 2016 Molto Properties has acquired MFRI, Inc.'s 8-acre industrial facility at 7720 Lehigh Avenue in Niles, Illinois. Read more...

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Food ingredient distributor gets new 678,000-square-foot home near I-55 for its new 3PL services

May 17, 2016 A 678,000-square-foot build-to-suit facility at RidgePort Logistics Center officially has a new owner. A family-owned national food ingredient distributor now owns and plans to occupy the new state-of-the-art property that sits on approximately 36 acres in Wilmington, Illinois. Read more...

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3PL expands North American operations with new 54,260-square-foot lease in Elk Grove Village

May 17, 2016 Lee & Associates recently negotiated a new lease transaction for 54,260 square feet of industrial space in a 198,196-square-foot building, at the Chancellory Business Park, 2551 Allan Drive, in Elk Grove Village. Read more...

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Industrial organizations AIRE and SIOR gear up to host joint luncheon next week on economic outlook and monetary policy

May 17, 2016 The Association of Industrial Real Estate (AIRE) and the Chicago chapter of the Society of Industrial and Office Realtors (SIOR) will come together May 24 to host a joint luncheon program, "The Economic Outlook and Monetary Policy." Read more...

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Will rising interest rates slow commercial real estate deals? Execs are worried

May 17, 2016 Commercial real estate leaders are confident in the strength of the commercial real estate market. But they're also realistic enough to recognize that all commercial sectors will face their own challenges in the coming months. And they’re especially worried that rising interest rates could put the brakes on what has been such steady commercial real estate activity during the last two-plus years. Read more...

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EEA promotes Chris Keppner, Tom Petermann to principals

May 15, 2016 Keppner joined EEA in 2013 as the Chicago operations manager and Petermann joined EEA in 2013 as a senior project manager. Read more...

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Rich Hamilton to lead Cushman & Wakefield’s 3PL speciality practice

May 13, 2016 Rich Hamilton has joined Cushman & Wakefield as managing director and head of the commercial real estate services firm’s newly formed 3PL Logistics Specialty Practice Group. Read more...

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Brenda Crisp takes on new role to lead CBRE’s Industrial Asset Services in the Americas

May 12, 2016 CBRE Group, Inc. has hired Brenda Crisp as managing director of Industrial & Logistics Asset Services for the Americas. Read more...

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E-commerce continues to drive demand in U.S. industrial market, according to Avison Young report

May 12, 2016 E-commerce continues to drive the industrial market across the United States, forcing owners and occupiers to adapt to consumers' increasing desires to order products one day and have them show up on their front porches in 48 hours. That's one of the key takeaways from Avison Young's Spring 2016 North America and U.K. industrial market report. Read more...

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Associated Bank’s Schmidt: People matter when it comes to commercial financing

May 12, 2016 Midwest Real Estate News spoke with Paul Schmidt, head of commercial real estate in the Minneapolis office of Associated Bank, about what it takes for investors and developers to qualify for commercial financing today. The key, Schmidt says, is the people behind the financing requests. Read more...

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PREMIER Design + Build Group, LLC promotes Ron Nelsen to SVP of field operations

May 11, 2016 He has more than 20 years of experience and 100 projects to his credit, and was one of the first two employees hired when the company opened its doors in 2004. Read more...

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Chicago office of Newmark Grubb Knight Frank adds VP of brokerage operations and recruiting

May 11, 2016 Tad Laws has joined the Chicago office of Newmark Grubb Knight Frank as vice president of brokerage operations and recruiting. He will work alongside Michael Sheinkop, president of brokerage services, on the firm's national recruiting, training and collaborative sales management efforts. Read more...

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