Industrial X Missouri Holland Construction renovating Mack service center in Missouri Holland Construction Services is working on a 12,000-square-foot renovation to house a new Mack Truck Service Center for Vanguard Truck Centers. The new service center will be located at 940 Harmsted Court in St. Charles, Missouri.
Industrial N Illinois Construction is underway on Rochelle cold storage facility Americold, a temperature-controlled supply chain firm based in Atlanta, is close to delivering a 14-story cold storage facility in Rochelle, Illinois. The 183,000-square-foot building, which will contain a series of temperature-controlled rooms and be serviced by an automated storage and retrieval system, should be operational by late 2018.
Industrial N Illinois Chicago’s near Southwest Side continues to attract last-mile activity Last week, the Chicago Plan Commission approved a plan by Hilco Redevelopment Partners to construct a 1-million-square-foot distribution center in the Little Village neighborhood. The new project joins a slate of other projects as developers attempt to meet demand for last-mile capabilities close to the CBD.
Industrial X Missouri IMPACT Strategies taking on tenant improvements at Missouri business park IMPACT Strategies has been selected by KP Development to oversee the tenant improvements of a 78,000-square-foot space within a 170,000-square-foot warehouse for the relocation of BASF’s agricultural services division in Fenton, Missouri.
Industrial Midwest Investcorp purchases 56-property industrial portfolio for $300 million Investcorp’s U.S.-based real estate team recently acquired its largest U.S. warehouse portfolio, totaling approximately 4.5 million square feet and including 56 industrial properties across seven metropolitan markets, for a total purchase price of approximately $300 million.
Industrial O Indiana MonoSol celebrates ground-breaking of $72 million plant in Northwest Indiana MonoSol broke ground Sept. 12 for its new plant in Lebanon, Indiana.
Industrial Midwest The key to attracting development? Communities need to tackle the labor problem Developers face a common problem: It’s a challenge to find enough skilled labor to build industrial facilities, office towers and medical office buildings. And when that labor is available? It’s expensive.
Industrial N Illinois Dayton Street Partners acquires infill industrial building in Chicago Chicago-based Dayton Street Partners has closed on its acquisition of a 42,000-square-foot industrial building on 1.75 acres located at 2501 West Fulton in Chicago. Formerly owner occupied, the building was 100 percent vacant at acquisition. The seller was Keystone and the sale price was $2.8 million.
Industrial N Illinois NAI Hiffman represents JBS Warehouse with expansion into 380,000 SF NAI Hiffman’s Jeff Fischer has secured an expansion for JBS Logistics & Warehousing, Inc. with owner Liberty Property Trust. JBS will now occupy the complete 382,430 square feet of industrial space within 999 Bilter Road in Aurora, Illinois.
Industrial N Illinois Conor Commercial, Globe Corp JV sells Elgin industrial building for $30M Conor Commercial Real Estate, along with joint venture partner Globe Corporation, has closed a $29.85-million sale transaction to Cabot Properties for Northwest Pointe II. The 385,372-square-foot industrial building is located on a 22-acre parcel near the intersection of Galvin and Higgins Roads within the Northwest Corporate Park in Elgin, Illinois.
Industrial O Indiana Finding creative solutions to industrial's labor shortage The Indianapolis industrial market is finishing its 25th consecutive quarter of positive absorption, fueled by demand from e-commerce, consumer goods and general distribution businesses. As the region’s strong business climate and central Midwest location continues to attract tenants, there are growing concerns about how the labor shortage could affect the market for the balance of 2018 and into 2019.
Industrial N Illinois NAI Hiffman represents Gateway Industrial Properties in new Central DuPage lease With the help of NAI Hiffman, Gateway Industrial Properties—a Blackstone portfolio company that leases, operates and manages high-quality, well-located industrial assets—has secured a new tenant for its 86,135-square-foot industrial space at 2350 W. Pinehurst Boulevard in Addison, Illinois. This transaction brings the property to 100 percent occupancy.
Industrial N Illinois West Chicago warehouse sells for $3 million Lee & Associates has closed a sale transaction for a 51,200-square-foot industrial building located at 1100 Commerce Drive in West Chicago, Illinois. The asset, constructed in 2002, sold for $3 million.
Industrial N Illinois Brown Commercial completes 32K SF industrial building sale in Lake County Brown Commercial Group has completed the sale of a 32,000-square-foot building at 28W206 W. Commercial Avenue in Lake Barrington, Illinois, in Chicago’s northwest suburban market. The buyer, PEGA LLC, will use 10,000 square feet of the building for its own industrial business, while leasing the remaining 22,000 square feet to an existing tenant.
Industrial O Indiana Indianapolis' Bradley Company hires industrial specialist Adam Stephenson has joined Indianapolis’ Bradley Company as a commercial real estate broker specializing in industrial real estate.
Industrial N Illinois Can the white-hot industrial market survive an onslaught of new construction? The industrial asset class has been on fire for the last three years across the nation, and specifically in the Chicago market. But is the market in danger of oversupply?
Industrial N Illinois Venture One fund acquires Lake Forest, Illinois industrial building Venture One Real Estate—through its acquisition fund, VK Industrial IV, LP, a partnership between Venture One and Kovitz Investment Group—has closed on the acquisition of a 61,251-square-foot industrial building located at 13825 W.Laurel Drive in Lake Forest, Illinois. The building is 68 percent leased to one tenant.
Industrial N Illinois Avison Young named exclusive listing agent for industrial portfolio as O’Hare submarket continues to be hot Avison Young was recently awarded the exclusive sale listing for a 211,254-square-foot industrial portfolio at 1900-2000 Carboy Drive in Mount Prospect, Illinois, just north of O’Hare International Airport. The two-building, multi-tenant portfolio is currently 90 percent leased.
Industrial V Michigan Colliers finds new home for 3D printing company in Michigan 3DX Technologies, a 3D printing company, purchased the former Steelcase Employee Sales Facility at 904 36th St. in Grand Rapids with the assistance of Colliers International|West Michigan.
Industrial N Illinois Venture One fund adds to its Chicagoland portfolio with two acquisitions Venture One Real Estate—through its acquisition fund, VK Industrial IV, LP, a partnership between Venture One and Kovitz Investment Group—has closed on the acquisition of a 160,012-square-foot, two-building industrial portfolio. The properties are located at 1020 Frontenac Road in Naperville and 1850 Greenleaf Avenue in Elk Grove Village, Illinois.