Finance N Illinois
Inland Bank and Trust closes $10M Loan for Logistics Property Co.'s McKinley Park industrial development

Inland Bank and Trust closes $10M Loan for Logistics Property Co.'s McKinley Park industrial development

Inland Bank and Trust and Logistics Property Company (LPC) have closed on a $10 million construction loan for the development of LPC’s 3711 S. Ashland Avenue logistics center. The project is situated at the northeast corner of Ashland Avenue and 38th Street in Chicago’s McKinley Park neighborhood, which LPC acquired last January, and will culminate in a 137,992-square-foot speculative logistics building.

Industrial N Illinois
Avison Young negotiates 118,000-SF industrial lease extension and expansion

Avison Young negotiates 118,000-SF industrial lease extension and expansion

Avison Young negotiated a lease extension and expansion for MBX Systems within its headquarters facility located at 1200 Technology Way in Libertyville, Illinois. The high-tech hardware production and distribution company has leased 84,000 square feet at the building since 2012, and plans to build and lease an additional 34,000 square feet in the building, bringing its total space to 118,000 square feet.

CRE N Illinois
Jim Jobes;Ghafari Associates

Jim Jobes, AIA promoted to EVP in Ghafari's Chicago office

Global architecture, interior design, engineering, process design and construction services firm, Ghafari Associates, announced the promotion of Jim Jobes, AIA to executive vice president and business unit leader of its Chicago division. In his elevated role, he will lead the Chicago office’s operations and strategic development.

CRE N Illinois

TLC Engineering Solutions acquires Gage Consulting Engineers

TLC Engineering Solutions, Inc. has acquired Gage Consulting Engineers, expanding the firm’s presence and capabilities to Gage’s Oak Brook, Illinois location. Gage’s expertise in health care, education, municipal and commercial building engineering complements TLC’s major market sectors, expanding TLC’s geographic markets.

Retail N Illinois
North Wells Capital and Urban Innovations welcome Fairgrounds Coffee & Tea to 306 W. Erie

North Wells Capital and Urban Innovations welcome Fairgrounds Coffee & Tea to 306 W. Erie

North Wells Capital and Urban Innovations announced that Fairgrounds Coffee & Tea has signed a long-term lease for 2,623 square feet of ground-floor retail space at 306 W. Erie Street, a development currently under construction in Chicago’s thriving River North neighborhood. This will be the coffee shop’s seventh location in the Chicago area with other locations to follow.

Multifamily N Illinois
Luxury apartment tower begins pre-leasing in Chicago's Printer's Row

Luxury apartment tower begins pre-leasing in Chicago's Printer's Row

CMK Companies, Greystar Real Estate Partners and RL Accelerated announced that pre-leasing of units has begun at 717 South Clark Street, the future Imprint Apartment Homes. Located along Chicago’s South Loop, on the historic Printer’s Row, the 349-unit high-rise apartment building offers a variety of luxurious floor plans ranging from 478-square-foot studios to 3,276-square-foot four-bedroom penthouses.

Retail N Illinois
Christy David;InvenTrust Properties

InvenTrust promotes Christy David to chief investment officer

InvenTrust Properties Corp., a retail REIT based in Downers Grove, IIIinois, announced that Christy David, executive vice president, general counsel and corporate secretary has been promoted to the role of chief investment officer effective immediately. She will be responsible for leading the company’s transactions team, managing all property level acquisitions and dispositions, executing on portfolio strategy and continue to serve as general counsel and corporate secretary.