Industrial c Nebraska Lund Company industrial pro earns CCIM designation Denny Sciscoe, director of industrial services for Cushman & Wakefield/The Lund Company in Omaha, Nebraska, recently received the Certified Commercial Investment Member designation from CCIM Institute. Sciscoe was awarded his designation during the organization’s global conference in San Diego on Oct. 11-16.
Industrial N Illinois Industrial Insider: The importance of six sigma process in the supply chain As the supply chain continues to become more complicated as the result of globalization and business models that are in transition (i.e. getting goods to the consumer as quickly as possible), companies have been focusing on the most effective ways to ensure the best process results.
Industrial N Illinois PREMIER Design + Build Group breaks ground on Itasca industrial/retail development PREMIER Design + Build Group has broken ground on a mixed-use, 48-acre development in northwest suburban Itasca, Illinois. The Bridge Point Itasca project for client Bridge Development Partners will feature three new industrial buildings totaling 741,621 square feet. In addition to the industrial buildings, Bridge Point Itasca will include more than seven acres of land newly zoned for retail use. PREMIER is providing design-build services on the project.
Industrial N Illinois Conor Commercial completes spec industrial development in Elgin Conor Commercial Real Estate and partner, Globe Corporation, have completed Northwest Pointe III, a two-building industrial project with a combined 349,080 square feet of speculative space. The design-build team of McShane Construction Company and Ware Malcomb provided the comprehensive design and construction services for Northwest Pointe III.
Industrial N Illinois Duke Realty's 154,000-SF spec warehouse in O’Hare submarket nearing completion Duke Realty is nearly finished constructing a new, 154,512-square-foot warehouse on an 8.15-acre site at 901 Chase Avenue in Elk Grove Village, Illinois. The LEED-certified spec building will be located in the high-demand O’Hare submarket near the north cargo gate of the airport and within minutes of the I-90 and I-290/355 interchanges.
Industrial W Minnesota Founders Properties purchases pair of manufacturing facilities in Minnesota Founders Properties, L.L.C. purchased two industrial manufacturing facilities in Rogers and Brooklyn Park, Minnesota, marking the fourth acquisition in the company’s newly launched Income Fund V, which focuses on stable, core and core+ industrial and office properties throughout the United States.
Industrial N Illinois Marcus & Millichap arranges sale of Rockford self-storage facility Marcus & Millichap closed the sale of a two-property self-storage portfolio, consisting of 100,623-square feet in Rockford, Illinois, according to Steven D. Weinstock, regional manager and first vice president of the firm’s Chicago Oak Brook office. The sites are located approximately 1.5 miles from one another at 3231 and 4850 N. Main Street in Rockford. Terms of the transaction were not disclosed.
Industrial N Illinois Activity and demand hold steady at O’Hare Through the third quarter of 2019, robust demand has continued to drive activity in Chicago’s overall industrial market. In the O’Hare area, the need for logistical, flex, as well as manufacturing space is keeping the submarket active.
Industrial N Illinois Westmount, Stockbridge JV acquires 1.7-MSF Chicagoland industrial portfolio Westmount Realty Capital and Stockbridge have partnered to acquire a 1.7 million-square-foot light industrial portfolio in the Chicago region. Stockbridge acquired the portfolio on behalf of the firm’s Value Fund III, a closed-end value-add vehicle. The portfolio includes 38 buildings in some of Chicago’s most sought-after submarkets including O’Hare, Lake County and Elgin. With this acquisition, Westmount now has more than 6.3 million square feet of industrial space in Chicagoland.
Industrial N Illinois Industrial sentiment stays strong as we sail into 2020 There are strong headwinds that may turn the bull real estate market bear, such as a decelerating economy and a simmering trade war. But a new sentiment survey suggests that the industrial sector is riding a separate current that should propel it beyond any slowdown in the overall market.
Industrial N Illinois Target takes full occupancy of Rock Creek Logistics Center in Joliet Minneapolis-based retailer, Target Corporation, has leased the entirety of Rock Creek Logistics Center in Joliet, Illinois. The Opus Group developed the 1.2 million-square-foot industrial logistics facility in the southwestern suburb of Chicago. Target plans to move into the property in November.
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 Marcus & Millichap arranges sale of Bloomington, IL self-storage facility Marcus & Millichap facilitated the sale of U-Lock-It Mini Storage, a 553-unit self-storage facility located in Bloomington, Illinois, according to Steven D. Weinstock, regional manager and first vice president of the firm’s Chicago Oak Brook office. Terms of the transaction were not disclosed.
Industrial O Indiana Sturges Property Group closes several deals in Fort Wayne area Andrew Eckert of Sturges Property Group recently represented the Seller, Gregory Bolin, in the sale of a 1,308-square-foot commercial building on 0.6 acres at 1655 N. Wells St. in Fort Wayne, Indiana.
Industrial N Illinois Darwin Realty reps tenant and landlord in 174,178-SF Bensenville lease Darwin Realty facilitated a lease between Axis Warehouse Management and CenterPoint Properties for the third party logistics company’s new, 174,178-square-foot space at 500 Country Club Drive in Bensenville, Illinois.
Industrial P Kansas NorthPoint starts work on largest spec industrial facility in Kansas NorthPoint Development has broken ground on a new distribution center at Logistics Park Kansas City in Edgerton, Kansas. The property, Inland Port VII, will encompass 952,956 square feet of industrial space at the southeast corner of 185th and Waverly Road. Upon completion in April 2020, Inland VII will be the largest spec industrial building ever built in the state of Kansas.
Industrial N Illinois Chicago's transportation and logistics space still a national leader For the 180+ attendees at last Friday’s annual Transportation and Logistics Conference, there was a lot of information to take in on the most dynamic sector in one of the most active markets. The speakers at the conference—the 16th one hosted by Chicago Industrial Properties—covered a lot of ground during the morning event.
Industrial N Illinois TradeLane Properties acquires 250,000-SF warehouse in Bridgeview, IL TradeLane Properties has closed on the acquisition of TLP Bridgeview Logistics Center, a 254,425-square-foot industrial building on 20+ acres located at 7557-7575 S. 78th Avenue, Bridgeview, Illinois. Steve Connolly, Larry Much and Drew Bulson of NAI Hiffman brokered the deal and Greenberg Traurig, LLP, CIBC Bank USA and Fidelity National Title further assisted in this transaction.
Industrial Midwest Cushman & Wakefield: Industrial market setting all kinds of records The U.S. industrial market is on pace to absorb more than 200 million square feet of space for the sixth consecutive year, according to the latest research from Cushman & Wakefield.
Industrial v Wisconsin Dickman Company closes 25,000-square-foot industrial lease in Wisconsin The Dickman Company, Inc./CORFAC International closed a lease between landlord House 10, LLC and tenant Hanes Companies for 25,000 square feet of industrial/office space at W130 N8675 Old Orchard Road in Menomonee Falls, Wisconsin.