Archive | Chicago Industrial Properties

Cushman & Wakefield completes 703,973-square-foot industrial building acquisition

April 17, 2014 Cushman & Wakefield, working with Paine/Wetzel TCN Worldwide, has completed the acquisition of 1300 Naperville Drive, a 703,973-square-foot industrial building in Romeoville. Buyer Magid Glove & Safety will consolidate two existing locations and relocate its primary manufacturing operations and headquarters to the site. Read more...

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Meridian starts work on Wheeling facility renovation

April 15, 2014 Meridian Design Build recently started work on the renovation an existing 147,006-square-foot industrial building in Wheeling to accommodate a state-of-the-art sorting and distribution center. The facility, being developed by Scannell Properties, is located near the Chicago Executive Airport. Read more...

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PREMIER Design + Build Group makes progress on 365,359-square-foot warehouse facility

April 15, 2014 Bridge Development Partners LLC selected PREMIER Design + Build Group LLC to construct a new 365,359-square-foot industrial facility, which has made significant progress since its 2013 groundbreaking. Read more...

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Foresite Realty Partners sells two flex/industrial buildings in Lockport

April 15, 2014 Foresite Realty Partners LLC has completed the sale of two flex/industrial buildings on 3.45 acres of land within Lockport Township. Read more...

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NorthMarq secures $10.2 million acquisition loan for warehouse

April 15, 2014 NorthMarq Capital has secured $10.2 million in acquisition financing for a 217,620-square-foot industrial property in Libertyville. Read more...

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Science Supply leases 3,200 square feet of warehouse space

April 15, 2014 Science Supply has leased 3,200 square feet of warehouse space located at 605 Country Club Drive in Bensenville. Read more...

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11th Annual CIP Industrial Summit to feature diversity of opinion on market recovery

April 15, 2014 News and events continue to tell the story of an improving industrial marketplace. Yet there still are varying opinions on how consistent and stable the marketplace really is. The organizers of the 11th Annual CIP Industrial Summit on April 24 believe that varying opinions and bullish outlooks make for interesting conference discussions. Read more...

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NAI Hiffman: 10 million SF under construction in improving industrial market

April 10, 2014 The Chicago-area industrial vacancy rate decreased by 10 basis points during the first quarter to 8.2 percent, a rate similar to what was witnessed during the highly active market of 2007, and 80 basis points below where it was a year ago. That’s according to NAI Hiffman’s First Quarter 2014 Market Peek, a sneak peek at the market statistics for the Chicago metropolitan industrial real estate market. Read more...

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I-39 Corridor benefitting from resurgence in U.S. manufacturing

April 08, 2014 In many ways, the I-39 Corridor’s success over the last year has been a reflection of a broader recovery in the U.S. manufacturing sector, says Eric Voyles, executive director of the Rockford-based I-39 Logistics Corridor Association and vice president of national business development for the Rockford Area Economic Development Council. Read more...

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Industrial market leaders to discuss recovery, forecast at CIP’s 11th Annual Summit

April 08, 2014 With an industrial vacancy rate that remains below 9 percent for the third consecutive quarter, recovery in the market is the talk of the industry. The market recovery will be the focus of discussions on Thursday, April 24 at the 11th Annual CIP Summit at the Crowne Plaza Hotel in Rosemont. Read more...

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