Industrial N Illinois
Weld-Cote leases 48,487 SF in Niles

Weld-Cote leases 48,487 SF in Niles

Cushman & Wakefield represented tenant Weld-Cote as well as owner Molto Properties in a 48,487-square-foot, long-term lease at Molto’s 7720 N. Lehigh Avenue development in Niles, Illinois. Cushman & Wakefield executive directors Brett Kroner and Keith Puritz, managing director Eric Fischer and director Steve Stone were the sole brokers in the transaction.

Industrial N Illinois
Where Chicago is headed: A Q&A with Colliers’ Jim Carris

Where Chicago is headed: A Q&A with Colliers’ Jim Carris

Industry veteran Jim Carris recently joined Colliers International as executive managing director and market leader for the firm’s operations in Chicago. Carris brings to his new role over 25 years of experience in all sectors of commercial real estate, making him a prime candidate to probe for answers about the state of the Chicago economy, and where he sees the variety of real estate opportunities headed.

Industrial N Illinois
2131 Maxim Drive in Rockdale, Illinois. The 4.33-acre site is currently fully leased to NPL Construction.

Industrial Outdoor Ventures secures $65M loan

Industrial Outdoor Ventures (IOV) has entered into a $65 million secured revolving credit agreement with a syndicate of banks led by CIBC. The credit facility allows IOV to expand its existing holdings to $100 million plus in assets, which the company expects to achieve over the next six months.

Industrial N Illinois
Timber Hill completes $2.8M renovation of Stickney industrial property

Timber Hill completes $2.8M renovation of Stickney industrial property

Chicago-based Timber Hill Group, a private equity firm specializing in the acquisition and development of logistics related industrial real estate, has completed a six-month, $2.8 million redevelopment of a cross-dock and maintenance facility located at 5000 W. 39th Street in Stickney, Illinois. Simultaneously, Delta Logistics, Inc., which signed a full facility lease earlier this year, has relocated to the modernized property.

Industrial N Illinois
Lee & Associates of Illinois negotiates lease in Central Kane submarket

Lee & Associates of Illinois negotiates lease in Central Kane submarket

Lee & Associates has closed a lease transaction for a 75,539-square-foot industrial suite located at 1701 W. Hawthorne Lane in West Chicago, Illinois. Michael J. Androwich Jr., principal, and Nick Eboli, senior vice president, of Lee & Associates’ Illinois office, represented the tenant, MAPEI Corporation, an international manufacturer of adhesives, sealants and other chemical products for the building industry.