Industrial Midwest

Industrial recovery continues on strength of large deals

A steady recovery continued in the Chicago industrial market during the second quarter as vacancy dipped 20 basis points on the strength of numerous big deals. But as medium-sized firms still struggle and vacancy remains elevated from historical norms, the market is still far from healthy, reports NAI Hiffman’s second quarter analysis.

Industrial Midwest

JLL closes $240M sale of industrial portfolio

Jones Lang LaSalle has announced that the firm’s Capital Markets Group has closed the sale of a 19-building portfolio of core industrial distribution facilities for Pinchal & Company, in partnership with American National Insurance Company (ANICO) and ANTAC, a wholly owned subsidiary of ANICO.

Industrial Midwest

HSA represents Midwest Warehouse in two leases totaling over 578,000 SF

Tim Thompson, executive vice president and managing director of the Industrial Brokerage division, and Brad Borkowski, broker, HSA Commercial Real Estate, represented Midwest Warehouse & Distribution System, in a lease for the entire 404,052-square-foot building, at 555 St. James Gate, Bolingbrook, Ill. and a 174,178-square-foot lease renewal at 500 Country Club Drive, Bensenville, Ill.