Industrial N Illinois
Principle Construction expands space for flooring distributor

Principle Construction expands space for flooring distributor

Principle Construction Corp. has completed a 10,500-square-foot office expansion for flooring distributor All Tile, Inc. at 855 Wood Dale Avenue in Wood Dale, Illinois. The construction added space to both sides of All Tile’s existing office areas. Also included in the expansion was a 2,107 square foot showroom, 800 square foot tool room and upgrades to all electrical, HVAC and fire alarm systems.

Industrial N Illinois
710-854 Foster Avenue, Bensenville, Illinois.

Colliers represents buyer of 666,079 SF industrial portfolio

Colliers International | Chicago’s Patrick Turner, Tom Rodeno and Matthew Stauber represented Clear Height Properties in the purchase of a five-building, 666,079-square-foot, industrial portfolio in metro Chicago from American Landmark Properties. At the time of sale, the buildings were 85 percent leased to a roster of 77 tenants including Advocate Health, Amazon and Crawford Murphy & Tilly.

Industrial N Illinois
Industrial infill still driving activity in Chicago market

Industrial infill still driving activity in Chicago market

Nationally and in Chicago, developers are turning to construction, innovation and technology to meet tenant demand for industrial product. According to Avison Young’s Q1 2018 market overview, the U.S. industrial market, all 12 billion square feet of it, ended the first-quarter of 2018 with an impressive five percent vacancy rate overall.

Industrial N Illinois
A bitcoin mining operation, housed in an industrial facility.

Off the chain: how blockchain and cryptocurrency are changing commercial real estate

Blockchain and cryptocurrencies, like bitcoin, are fundamentally changing how money changes hands. As their potential goes mainstream, it’s possible that commercial real estate may be among the top industries disrupted—in both the way we transact, and in the usage of surplus space. Picture an all-digital transaction closing, from deeds to funds and title filings. Picture a world without old-school tax stamps, and where wire transfers become the dinosaurs of electronic fund transfers.

Industrial N Illinois
Colliers arranges 78k SF warehouse lease in Mt. Prospect

Colliers arranges 78k SF warehouse lease in Mt. Prospect

Colliers International I Chicago’s Tom Rodeno and Matthew Stauber represented Clarion Partners in a 78,700-square-foot lease to TEI Logistics LLC in Briarwood Business Park, located at 1400 Algonquin Road in Mt. Prospect, Illinois. The El Paso, Texas-based company will make the move in June 2018 from Wood Dale where it currently occupies 61,780 square feet at 101 Mark Street.