More than 200 results for “contract”
Net Lease N Illinois

Morton, IL net-leased property sells for $1.3M

Marcus & Millichap facilitated the sale of Enterprise Truck Rental Ground Lease, a 3,034-square foot net-leased property located in Morton, Illinois, according to Steven D. Weinstock, regional manager and first vice president of the firm’s Chicago Oak Brook office. The asset sold for $1,365,000.

Retail N Illinois

Marcus & Millichap arranges $4M sale of Chicago retail property

Marcus & Millichap closed the sale of Park Shops, a grocery-anchored center with 47,069 square feet of retail space located at 6400 W. 63rd Street in Chicago. The grocer, Fair Share Super Market, had been operating at the location for 27 years and recently extended for 10 years. The property was under contract within 14 days of going to mar…

Industrial N Illinois

Batavia spec industrial property leases up

Nick Eboli and James Planey, SIOR of Lee & Associates recently closed out leasing contracts for all 137,000 square feet of a new, spec industrial building at 1200-1270 Douglas Road in Batavia, Illinois. The building, built by Morgan / Harbour Construction for a local owner/developer, was completed in February 2018.

Multifamily N Illinois

Did Chicago just deep-six deconversions?

| Matt Baker

Chicago’s City Council has passed a resolution to increase the voting threshold on condo deconversions. Now, any building looking to switch from condo to rental will need the assent of 85 percent of the condo owners, instead of the 75 percent threshold that previously held true.

CRE N Illinois

Building a case for design-build

| Matt Baker

There’s been a revision of late to the process of designing and constructing commercial properties. And it’s almost a return to form, as the design-build method that has been gaining traction emulates the days of the Master Builder.

CRE N Illinois

Related Midwest begins construction on Wells-Wentworth Connector at The 78

Related Midwest has begun work on the Wells-Wentworth Connector, the long-anticipated link that will connect downtown to Chinatown by way of The 78, the developer’s vibrant, mixed-use community along the Chicago River. Part of the first phase of the development, the infrastructure work will provide additional thoroughfare for drivers and sa…