Industrial N Illinois Lee & Associates of Illinois brokers trio of industrial leases in DuPage market Lee & Associates has closed three lease transactions in DuPage County.
Industrial N Illinois The next frontier in industrial activity? It might be time to head south. Over the past 10 years—a time of renaissance for warehouse and distribution space—Chicago’s far South Side received less than 2 percent of the new industrial development that came to the wider metro. But the area’s prospects may be looking up.
Industrial N Illinois Krusinski Construction completes 86 Food Service facility in Chicago Krusinski Construction Company recently completed 86 Food Service’s new location at 1400 W. 43rd Street in Chicago. The wholesale food distributor has occupied 90,000 square feet within an existing 167,000-square-foot speculative warehouse previously built by Krusinski Construction.
Industrial N Illinois Industrial prices on the rise, but not in Chicago In markets throughout the U.S., industrial distribution and warehouse spaces valuation has risen over the past 12 months. The Chicago market, however, saw a moderate decline in pricing over that same time period.
CRE O Indiana Colliers' Cantu: Booming industrial, steady office keeping Indianapolis strong As executive vice president for capital markets in the Indianapolis office of Colliers International, Alex Cantu understands just how strong the commercial real estate market is in Indianapolis. We spoke to Cantu about this, focusing especially on the strength of the region’s booming industrial market and its steady office sector. Here is s…
CRE N Illinois Winners announced at the 2019 NAIOP Chicago Awards for Excellence On November 14th, NAIOP Chicago hosted the the 2019 Awards for Excellence at Navy Pier’s Grand Ballroom. The event, which drew nearly 1,000 industry leaders, recognized professionals, organizations and projects across numerous categories.
Industrial Midwest Prologis to acquire Liberty Property Trust for $12.6B Prologis and Liberty Property Trust have entered into a definitive merger agreement by which Prologis will acquire Liberty in an all-stock transaction, valued at approximately $12.6 billion, including the assumption of debt. The board of directors of Prologis and the board of trustees of Liberty have each unanimously approved the transaction.
Industrial N Illinois Avison Young to market 73,000 SF O’Hare industrial building Avison Young has been awarded the exclusive sale listing for a 73,249 square foot industrial flex building at 800-820 Thorndale Avenue in Bensenville, Illinois. Located on just under six acres in the O’Hare submarket, the multi-tenant building is 82 percent leased.
Industrial N Illinois Prologis to acquire Industrial Property Trust in $4B deal Logistics real estate giant Prologis, Inc. has signed a definitive merger agreement to acquire Industrial Property Trust Inc. (IPT). Prologis will acquire IPT's wholly owned real estate assets for approximately $3.99 billion in a cash transaction, including the assumption and repayment of debt. The transaction is expected to close by the fi…
CRE Midwest Four Midwest developments named as finalists for ULI Global Awards for Excellence Of the 19 developments from around the globe that have been selected as finalists for the Urban Land Institute’s (ULI) 2019 Global Awards for Excellence competition, four are located in the Midwest. Widely recognized as one of the real estate industry’s most prestigious honors, the Global Awards for Excellence recognize real estate projects…
Industrial N Illinois Prologis launches community workforce initiative in Chicago Prologis, Inc. has partnered with the Quad County Urban League on its “Propel by Prologis” job-readiness program. This collaboration is part of the Prologis Community Workforce Initiative (CWI) and the company’s commitment to expand work-based learning opportunities for those interested in careers in logistics, distribution and transportation.
CRE N Illinois CRE Future Leaders: Cal Payne A member of CBRE’s agency and occupier brokerage groups, Cal Payne advises clients in the leasing, acquisition and disposition of industrial facilities throughout North America. Since 2012, he and his team have completed over 300 transactions totaling more than 24 million square feet and valued at over $850 million.
Industrial N Illinois Cushman & Wakefield completes 1.5 MSF of leasing in I-55 Corridor Acting as tenant and landlord representative, respectively, Cushman & Wakefield closed on ten transactions across the I-55 Corridor in the first quarter of 2019, totaling more than 1.5 million square feet. Robust leasing activity and a 360-basis point year-over-year decrease point to strong demand for this Chicago submarket.
CRE N Illinois Lee & Associates of Illinois welcomes Brent De Noble Lee & Associates of Illinois recently hired long-time real estate veteran, Brent De Noble, who will serve as a senior vice president out of the firm’s Rosemont, Illinois office. He specializes in the disposition, acquisition and leasing of industrial properties, office buildings and land.
Industrial N Illinois No life support needed for Chicago's industrial market Industrial showed continued vigor in Chicago in 2018. In fact, activity in the asset class ended the year strong by just about every benchmark available, according to new research by Colliers International.
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.
Industrial N Illinois No end in sight for speculative industrial From this time last year until now, unemployment in Chicago is down and the number of construction jobs are up. The market downturn that many fear hasn’t yet reared its head. All of which means the historic run of speculative development in Chicago continues apace.
Industrial N Illinois Lee & Associates negotiates long-term industrial lease in Elk Grove Village Lee & Associates has closed a $6 million lease transaction for a 101,536-square-foot industrial building located at 2567 Greenleaf Avenue in Elk Grove Village, Illinois.
Industrial N Illinois Lee & Associates brokers trio of industrial transactions in DuPage County Lee & Associates has brokered three industrial transactions in DuPage County, Illinois. The deals included a sale in Addison, Illinois and two leases in Hanover Park, Illinois.
Industrial N Illinois Northern segment of Chicago MSA sees variegated industrial activity For the second quarter in a row, leasing velocity increased in Chicago’s overall industrial market, totaling 10.1 million square feet during the third quarter of 2018. According to a Research & Forecast Report by Colliers International, the northern submarkets had varying changes to absorption and vacancy, though mostly improved.