144 results for “Joliet”
Retail N Illinois

New Lenox shopping center sells for $4.6 million

Marcus & Millichap closed the sale of Bluestone Commons, a 36,025-square-foot retail property located in New Lenox, Illinois, according to Steven D. Weinstock, regional manager of the firm’s Chicago Oak Brook office. After procuring multiple offers, the asset sold to a Canadian real estate firm for $4,600,000.

Industrial N Illinois

Industrial Outdoor Ventures doubles in size with new hires

Schaumburg, Illinois-based Industrial Outdoor Ventures (IOV), a real estate investment company focused exclusively on the acquisition, development and redevelopment of industrial services facilities, has hired five new staff members: Anthony DeLaurentis, James Georgalas, Eric Johnson, Ray Michaelsen and Tina Torossian.

Industrial N Illinois

The I-80 Corridor lags in big box leases

| Matt Baker

Chicago has seen a spate of large, spec industrial facilities tilt up in the past year. Now they’re leasing up. While big box projects throughout the region have begun to find users, the situation is a bit slower in the I-80/Joliet Corridor.

Multifamily N Illinois

Eight-unit Joliet apartment building sells for $475,000

Marcus & Millichap announced the sale of an eight-unit apartment property located in Joliet, Illinois, according to Steven D. Weinstock, regional manager of the firm’s Chicago Oak Brook office. The asset sold for $475,000. Adam Fortino, a senior associate in Marcus & Millichap’s Chicago Oak Brook office, represented both the seller and buyer.

Industrial N Illinois

Seven-property Chicago industrial portfolio sells for $38M

A seven-property industrial portfolio totaling 447,059 square feet recently sold in the Chicago MSA for $38 million. Holliday Fenoglio Fowler, L.P. (HFF) marketed the portfolio for the seller, Globe Corporation. A Chicago-based private equity sponsor, Green Door Capital, purchased the assets in part via a partnership with Citimark, Inc., a …

Industrial N Illinois

As Chicago industrial expands, investors target familiar areas

| Matt Baker

The Chicago logistics industry remains on stable footing as steadily growing wages and accelerating household formation are driving demand for more e-commerce-driven warehouse space. And according to Marcus & Millichap’s second half 2018 industrial research market report, developers looking to expand Chicago’s 1 billion-plus square-foot inv…

Industrial N Illinois

Chicago construction starts increase dramatically

| Matt Baker

Is the dearth of new supply during the third quarter of 2018—the lowest quarterly total since 2015—a sign of a downturn? According to the latest research update from Colliers International, it’s much more likely to be the calm before the storm as construction starts increased dramatically this quarter.

Office N Illinois

Wight & Company earns AIA award for work on Will County courthouse

Wight & Company’s vision for a new courthouse in Chicago’s suburbs has been recognized by the American Institute of Architects’ Academy of Architecture for Justice. The design for the Will County Courthouse is one of 15 recipients nationally of the 2018 Justice Facilities Review (JFR) awards program, and one of only four to receive a Citati…