More than 200 results for “spec”
Industrial N Illinois

Duke Realty's Chicago team leases 860,296 SF in September

The Chicago office of Duke Realty Corporation signed five leases totaling 860,296 square feet in September in four of its properties. The transactions include two full-building leases of recently delivered spec buildings, a new lease and renewal that took another building to full occupancy and a new lease in another building.

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.

Net Lease N Illinois

The Fed gives net lease market a boost as cap rates shift down

| Matt Baker

Asking cap rates in the single-tenant, net lease investment sector descended for the second consecutive quarter. This phenomenon—which retail, industrial and office property types all experienced—was supported by a variety of economic factors including the Federal Reserve’s lowering of the interest rate.

Office N Illinois

The 'burbs are still an office draw

| Matt Baker

More than 150 people packed into the recently renovated atrium of President’s Plaza near O’Hare for the 4th annual State of the Suburban Office Conference, co-hosted by GlenStar. The dozen expert speakers on hand had much to say about the state of affairs for the office market outside the influence of downtown Chicago.

Industrial N Illinois

Chicago industrial snapshot: The I-80 corridor

| Matt Baker

Chicago’s I-80 corridor absorbed 1.5 million square feet net during the first half of 2019. However, the vast majority of that—1.3 million square feet—was recorded during the first quarter of the year with only one industrial lease signed in the second quarter.

Industrial N Illinois

Largest O'Hare spec industrial project breaks ground

Bridge Development Partners has broken ground on Bridge Point Itasca, a three-building, 741,000-square-foot industrial project slated for delivery mid-2020. Chris Nelson and Jeff Janda, SIOR, principals of Lee & Associates’ Illinois office, represent Bridge in the marketing of this project.