October 17, 2011 The industrial vacancy rate declined for the fifth consecutive quarter as the Chicago market recorded 2.2 million square feet of positive absorption in the third quarter, according to research from NAI Hiffman. Read more...
October 14, 2011 IDI has announced a string of recent leases in the I-88 corridor with firms such as JBS Logistics and hhgregg that totals more than 670,000 square feet. Read more...
September 26, 2011 On average, transportation costs are typically eight to ten times the cost of real estate and in most scenarios, transportation is the true “driver” behind real estate decisions. With higher fuel costs, decaying infrastructure and fewer truck drivers on the horizon, migration to rail is absolute. Read more...
September 13, 2011 The Missner Group has been selected for a 22,000-square-foot build-out for Catalyst Exhibits’ at the company’s new 145,000 square foot warehouse/office/production location in Pleasant Prairie, Wis. Catalyst Exhibits is slated to move from Crystal Lake, Ill. to southeast Wisconsin due to an attractive State of Wisconsin incentive package. Read more...
September 07, 2011 Third-party logistics provider Saddle Creek Corporation has signed a lease for 415,800-square-feet of distribution space at the CenterPoint Intermodal Center in Elwood, Ill. Saddle Creek will take occupancy in the third quarter of 2011, moving into the 1,182,788-square-foot, 32-foot clear ceiling building already partially occupied by tenants Cypress Medical and Logistics Team. Read more...
September 01, 2011 Electronics service center GCR Corp has purchased a 220,000-square-foot industrial facility from Japanese electronics company JVC America in a transaction valued at just over $6.2 million. Read more...
August 24, 2011 NAI Hiffman has recently completed a slew of retail and office leases in the western suburbs, totaling more than 84,000 square feet. Read more...
August 16, 2011 ARCO/Murray National Construction Company, Inc has completed an 98,000-square-foot warehouse build-out for Sony Music Holdings at 365 Crossings Rd. in Bolingbrook, Ill on behalf of Chris Zivalich of NAI Hiffman. Read more...
July 26, 2011 Muktanand Foods has completed a lease for office and warehouse space in Bensenville, Ill. Podolsky Northstar CORFAC International completed the tenant representation assignment. Read more...
July 19, 2011 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. Read more...
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