Industrial N Illinois Seefried to develop 72,000-SF spec warehouse in O'Hare submarket Seefried Industrial Properties, along with a long-standing European capital partner, have recently purchased a 3.9-acre site at 2100 S. Wolf Road in Des Plaines, Illinois. Seefried will develop a 72,000-square-foot, spec distribution facility on the property, which is located less than half a mile north of O’Hare Airport.
Multifamily N Illinois Interra Realty nets highest per-unit price for O'Hare multifamily portfolio sale Interra Realty brokered the $3.84 million sale of a four-building, 27-unit portfolio that includes assets on Chicago’s far Northwest Side and in the nearby suburb of Harwood Heights, Illinois. The price equated to $142,370 per unit, the highest to date per CoStar for the submarket, which is less than 10 miles from O’Hare International Airport.
Industrial N Illinois Industrial Insider: Current trends in industrial property construction With the construction of new industrial buildings currently in full swing, we thought it would be helpful to be aware of the latest trends in planning and implementing the development of a new spec and/or user facility.
CRE N Illinois City finalizes deal with Studio Gang-led team for $8.5B O'Hare expansion The city of Chicago has reportedly signed a contract with Studio ORD to implement an $8.5 billion expansion of O’Hare International Airport’s terminal space. Studio ORD is a joint venture led by Chicago-based Studio Gang along with Solomon Cordwell Buenz, STL Architects, Corgan Associates and Milhouse Engineering and Construction.
Office N Illinois Clear Height signs Danley's to office lease in O'Hare market Northbrook, Illinois-based custom garage builder, Danley’s, has completed a lease for 4,556 square feet of office space at 1400 S. Elmhurst Road in Elk Grove Village, Illinois, within the O’Hare submarket. Clear Height Properties has owned and managed since May 2018.
Industrial N Illinois Avison Young negotiates 25,000-SF industrial lease in Chicago’s O'Hare market Avison Young negotiated a 25,054-square-foot industrial lease at 1260 Lunt Avenue in Elk Grove Village, Illinois. The O’Hare submarket lease brings the 50,117-square-foot building to full occupancy.
Industrial N Illinois The Missner Group announces one new lease, two renewals in O'Hare submarket The Missner Group announced one new lease and two lease renewals, totaling close to 23,000 square feet for the first quarter of 2019. One renewal is for the firm’s Touhy Industrial Plaza, located at 500 E. Touhy Avenue in Des Plaines, Illinois. The new lease and second renewal is for their newly acquired property at 901-929 AEC Drive in Woo…
Industrial N Illinois ML Realty Partners acquires industrial property near O'Hare Patrick Shannon, senior vice president of ML Realty Partners, announced the acquisition of an industrial building at 701 Devon Avenue in Elk Grove Village, Illinois. The building is 218,000 square feet and features heavy power, 16 exterior docks and 24-foot clear height.
CRE N Illinois Studio Gang-led team chosen for $8.5B O'Hare expansion Chicago Mayor Rahm Emanuel announced today that Studio ORD has been selected to implement an $8.5 billion expansion of O’Hare International Airport’s terminal space. Studio ORD is a joint venture led by Chicago-based Studio Gang along with Solomon Cordwell Buenz, STL Architects, Corgan Associates and Milhouse Engineering and Construction.
CRE N Illinois Mortenson completes $105M facilities projects for United Airlines at O'Hare Using innovative construction technologies and Lean practices, Mortenson has completed three major new ground facilities for United Airlines at Chicago’s O’Hare International Airport. The $105 million, 180,000-square-foot project was turned over in less than a year to accommodate runway construction at the busy airport.
Industrial N Illinois Lee & Associates negotiates pair of industrial leases near O'Hare Lee & Associates of Illinois closed a long-term lease and a lease renewal in two separate industrial transactions. The properties, in Bensenville and Glendale Heights, Illinois, are located in Chicago’s North DuPage submarket, in close proximity to O’Hare International Airport.
CRE N Illinois Public insight sought on newly unveiled O’Hare terminal designs The cloak of secrecy surrounding the international competition to develop a new Global Terminal at Chicago’s O’Hare International Airport was lifted yesterday as the city of Chicago revealed five design concepts for the large-scale, $8.5 billion project.
Office N Illinois Colliers arranges 18,375 SF lease in Rosemont's One O'Hare Centre Colliers International | Chicago represented MDC Realty Advisors and Nicola Crosby Real Estate, owners of One O’Hare Centre, in its 18,375-square-foot lease to Duck Creek Technologies. The Boston-based software company will partially occupy the 5th floor of the 12-story, 380,360-square-foot, Class A office building located at 6250 N. River …
Office N Illinois Class A office space near O'Hare driving vacancy up Across the suburban Chicago market, office vacancy inched up in the third quarter as leasing velocity stalled, with only two new leases recorded greater than 50,000 square feet. This trend holds true in the O’Hare submarket, though the finer details paint a more complex image.
Office N Illinois Chicago missing out on HQ2 could be a mixed blessing With speculation leaning toward three cities other than Chicago as finalists for a potentially split Amazon HQ2, it apparently is time for Chicago’s city and civic officials, along with a handful of real estate developers and development sites, to forge ahead with Plan B.
Industrial N Illinois Avison Young negotiates 90k SF industrial lease near O’Hare Avison Young recently negotiated an 89,901-square-foot industrial lease at 1845 Tonne Road in Elk Grove Village, Illinois, illustrating the continued demand for well-located buildings in the O'Hare submarket. The new tenant, Cycle Logistics, a transportation and distribution company, is consolidating its warehouse and distribution space fro…
Industrial N Illinois Marshall Bennett, Chicago industrial real estate pioneer, dies at 97 Marshall Bennett, a pioneer in the Chicago commercial real estate scene who spearheaded the modern industrial park, has died at the age of 97.
Industrial N Illinois CBRE negotiates more than 234k SF of O'Hare industrial leases for Prologis CBRE recently completed four industrial leases on behalf of Prologis in Chicago’s O’Hare submarket for a combined 234,090 square feet. CBRE’s Kevin Segerson, Matt Mulvihill, Cal Payne and Philip DeBoer represented Prologis in the four transactions in Elk Grove Village, Illinois.
Industrial N Illinois Off-Market DHL facility sells in O'Hare submarket Matthews Real Estate Investment Services sold an off-market DHL facility in Chicago’s O’Hare submarket. Located at 10451 Waveland Avenue in Franklin Park, Illinois, the concrete, tilt-up construction building sold for $11.6 million.
Industrial N Illinois MK Asset Management acquires 87k SF industrial building in O'Hare submarket Avison Young has negotiated the acquisition of an 87,500-square-foot industrial building in Chicago’s O’Hare submarket on behalf of the buyer, MK Asset Management. The building is located at 11608 Copenhagen Court in Franklin Park, Illinois.