More than 200 results for “lease expansion”
Industrial N Illinois

NKF completes two long-term leases for K2 Express

Newmark Knight Frank (NKF) represented and advised K2 Express, Inc. in completing two long-term leases in Chicago’s O’Hare submarket. The first transaction was a renewal and expansion in Franklin Park, Illinois, and the second was a new, long-term lease for a neighboring, four-acre trailer yard.

Office N Illinois

The central business district, decentralized

| Matt Baker

It wasn’t that long ago that Chicago’s central business district was confined to the Loop. Over the years, office space has crept outward, spilling over the banks of the river to the north and to the west. So just what is it that entices corporations to move out to the fringes of the CBD?

Industrial p Tennessee

Nashville industrial market hot as ever

| Dan Rafter

Nashville is hot. Forbes ranked the Tennessee city seventh on its list of the 25 fastest-growing cities in the country. And its unemployment rate? That's down to 2.4 percent. It's little wonder, then, that the city's industrial market is soaring.

Office N Illinois

Arjo Inc. expands in Addison

Arjo Inc. (formerly ArjoHuntleigh NA) has recommitted to the Chicago suburbs with a 62,000-square-foot, long-term lease restructuring for its North American headquarters at 2349 W. Lake Street in Addison. The lease includes an 18,000-square-foot expansion and Arjo now has the entire second floor of Meadows Corporate Center I, a 41 percent i…

Retail N Illinois

New restaurant concept coming to Chicago River

Lettuce Entertain You Enterprises has signed a lease for more than 38,000 square feet of retail space at 321 North Clark Street, a Class A office building undergoing a major renovation in Chicago’s River North. The project came about as a joint venture between Hines, Diversified Real Estate Capital and American Realty Advisors.

Industrial N Illinois

CT begins development on $125M logistics park

Newport Beach, CA-based CT has begun development on a two-building, 1.34 million-square-foot logistics project in the Chicago suburb of Romeoville, IL. The $125 million development, Interchange 55 Logistics Park, is slated for a year-end completion. CT acquired the underlying 112-acre parcel back in December, represented by Adam Roth, Dan L…

CRE N Illinois

First phase of science and tech park fully leased; second phase announced

One year after its acquisition by Chicago-based American Landmark Properties, the Illinois Science + Technology Park (ISTP) is fully leased following two lease extensions and expansions by long-time tenants Vetter Pharma International USA and Charles River Laboratories International as well as a new lease with Northwestern University. The r…

Office N Illinois

Sterling Bay completes $510M deal for Groupon headquarters

Completing a deal that was first announced last December, Chicago-based real-estate developer Sterling Bay has acquired the approximately 1.65-million-square-foot 600 W. Chicago Avenue from Sam Zell’s REIT, Equity Commonwealth. Formerly a Montgomery Ward catalog warehouse, the building is now home to more than a dozen office tenants, anchor…