Archive | Chicago Industrial Properties

AIRE panelists affirm O’Hare industrial market is gateway to the world

June 23, 2016 Offering a new twist at its regular meeting, the Association of Industrial Real Estate Brokers included CH Robinson, a freight forwarder and a prominent user of industrial space in the O’Hare market in a panel discussion. Read more...

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JLL names Kathryn Ditmars general counsel for the Americas Region

June 23, 2016 Ditmars is also the Americas Ethics Officer, providing ethics training and working with the Global Ethics Officer community to further develop JLL’s ethics and compliance program. Read more...

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Ivan Baker moves up to CEO of Economic Development Corp. of North Central Illinois

June 23, 2016 Currently serving as director of Economic Development for Tinley Park, Baker will direct marketing and development efforts for business parks, industrial parks, and major commercial districts in Bureau, La Salle and Putnam Counties in his new role. Read more...

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Construction on new 145,200-square-foot HQ for food manufacturer now underway at Union Pointe

June 21, 2016 The new facility represents the latest development at Conor Commercial Real Estate's industrial business park located at the northeast quadrant of I-355 and I-55. Read more...

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Chiquita Fresh North America signs 35,000-square-foot lease at Heritage Crossing

June 20, 2016 Situated directly at the I-355 and 143rd Street interchange, this is now ML Realty Partners' eighth industrial tenant to lease space at Heritage Crossing since the park’s inception. Read more...

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Lincoln Property Company acquires a three-building industrial portfolio from Molto Properties

June 20, 2016 The portfolio consists of 1485 Normantown in Romeoville, 1055 Remington Veterans in Bolingbrook and 49 N. Paragon in Romeoville, which are comprised of 189,662; 116,000; and 45,000 square feet. Read more...

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Fremont International Trading renews 20,369-square-foot industrial lease at Northwest Business Park

June 20, 2016 Lee & Associates negotiated a lease renewal in Northwest Business Park I at 2800 Galvin Drive in Elgin. Fremont International Trading (FIT) leased a total of 20,369 square feet of industrial space in the 117,000 square foot facility. Read more...

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Porreca Freight leases warehouse, office space in Elk Grove Village

June 20, 2016 Darwin Realty completed a new lease on a 58,627-square-foot warehouse and office space for Porreca Freight at 1850 Greenleaf Avenue in Elk Grove Village, Illinois. Read more...

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Peak Construction awarded three-building project in Bloomingdale for IDI Gazeley

June 20, 2016 All three speculative buildings, which measure 70,650; 154,000; and 51,600 square feet, are being developed by IDI Gazeley for Cornerstone Real Estate Advisers acting on behalf of an institutional client. Read more...

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Transwestern completes 225,000 square feet of industrial transactions in Chicago’s western suburbs

June 20, 2016 Transwestern recently brokered six industrial transactions totaling 225,750 square feet in Chicago’s western suburbs. The deals include four leases and two sales and range in size from 26,000 to 58,000 square feet. Read more...

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The John Buck Company’s 28th Annual Spring Fling marked a record year for its Foundation

June 17, 2016 It was a full house at The John Buck Company’s 2016 summer kick-off event, the 28th Annual Spring Fling. Approximately 2,600 guests attended the industry mixer, which is put on by the firm’s charitable arm, The John Buck Company Foundation. Read more...

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CREW Network CEO Gail Ayers to retire at year-end

June 17, 2016 Commercial Real Estate Women (CREW) Network announced that Chief Executive Officer and CREW Network Foundation President, Gail Ayers, will retire at the end of 2016 after 11 years of service to CREW Network and more than 25 years as an organizational leader. Read more...

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The best advice your father gave you? Industry pros tell-all

June 16, 2016 It’s a legacy; something a father (or mother) passes along to a son or daughter. It can be more impactful than a financial inheritance; more powerful than the best education a parents’ money can buy. Read more...

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Anna Urquiza joins CBRE’s Valuation & Advisory Services group in new role

June 16, 2016 In this role, she will implement and drive the global quality and risk management strategy for the Valuation and Advisory Services (VAS) business line throughout the Americas, based in Chicago. Read more...

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Brown Commercial Group hires James Pietrarosso as senior associate

June 16, 2016 In his role with Brown Commercial group, he is active in investment sales, acquisitions, dispositions, and tenant and landlord representation throughout the suburban market. Read more...

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No Hesitation: Investment in Rockford region made strategic sense for global aerospace leader

June 14, 2016 Ninety miles northwest of Chicago lies the city of Rockford, the hub of a region of opportunity now building on its legacy of expertise to position itself as a world leader in innovative aerospace technology and leading-edge precision manufacturing. Read more...

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Avison Young negotiates sale of 73,246-square-foot industrial facility in O’Hare market

June 14, 2016 The building is 100 percent leased to a strong roster of stabilized tenants. Among the tenants are Gogo LLC, an in-flight aviation technology company; Pharmerica, a healthcare supplier; Leman USA, a global transportation and logistics firm; and Black and Decker, a global tool manufacturer. These four tenants account for 75 percent of the building’s occupancy. Read more...

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Construction on the 20-acre Bloomingdale Corporate Center now underway with NGKF named leasing agent

June 14, 2016 Three weeks after IDI Gazeley broke ground on the new 20-acre, 276,250-square-foot Bloomingdale Corporate Center in Bloomingdale, Newmark Grubb Knight Frank announced it has been retained as the exclusive leasing agent for the industrial business park. Read more...

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Venture One’s Yorkbrook Business Park in Lombard close to reaching full occupancy

June 14, 2016 Cushman & Wakefield recently completed 22 transactions of new office and industrial leases and renewals at the site totaling 191,453 square feet. This now brings the 18-building, 736,000-square-foot portfolio, made up of 12 industrial and six flex office properties, to approximately 94 percent occupied. Read more...

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Hamilton Partners acquires 14 acres in Wheeling with plans to build speculative facility

June 14, 2016 The developer plans to build a 134,593-square-foot speculative industrial facility at the site, which is located in northeast Cook County, just south of Lake Cook Road and approximately three miles west of I-94 and I-294. Read more...

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