Industrial i Ohio STREAM closes sales and leaseback of industrial facility in Cleveland STREAM Capital Partners, LLC has arranged the sale and leaseback of an industrial facility in Cleveland, Ohio.
Industrial P Kansas Newmark Grubb Zimmer closes sale of Overstock.com-occupied warehouse Newmark Grubb Zimmer’s president and chief executive officer Mark Long and managing director John Hassler closed the sale of a 517,391-square-foot industrial building in Kansas City, Kansas.
Industrial N Illinois TradeLane Properties hires Tim Hauert as director of construction TradeLane Properties has appointed Tim Hauert as director of construction. In this role, Hauert will oversee all aspects of redevelopment, tenant improvements, capital projects and development for TradeLane Properties’ growing portfolio.
Industrial N Illinois Colliers represents Pacific Surfaces in 40,000-SF lease in Elk Grove Village Colliers International | Chicago’s John D’Orazio represented India-based Pacific Surfaces LLC in its 40,000-square-foot lease at 1300 Mark Street in Elk Grove Village, Illinois. The granite distributor has maintained a sales office in Chicago for years but this is the firm’s first warehouse/distribution center in the U.S.
Industrial X Missouri NAI Hiffman closes sale-leaseback of Missouri manufacturing facilities NAI Hiffman completed a sale-leaseback transaction on behalf of Young Innovations, Inc., a global manufacturer and distributor of consumable dental supplies and equipment. The assets, which sold for $17.1 million, include the company’s 95,000-square-foot headquarters building at 2260 Wendt St. in Algonquin, Illinois, as well as the firm’s three manufacturing and distribution facilities totaling 117,400 square feet in Earth City, Missouri, a suburb of St. Louis.
Industrial N Illinois Chicago industrial market charges ahead It seems developers can’t bring industrial supply to market fast enough. Despite the incredible amount of activity, the Chicago-area vacancy rate declined yet again in the third quarter.
Industrial V Michigan Industrial absorption in Detroit doubles amount of two previous quarters The Detroit industrial market is showing no signs of a slowdown, according to the latest research from CBRE.
Industrial v Wisconsin Colliers brings industrial building in Wisconsin to full occupancy Mak Wood has renewed and expanded to 11,414 square feet of industrial space and MPI Coin has leased 8,533 square feet at 1235 Dakota Drive in Grafton, Wisconsin.
Industrial N Illinois Darwin Realty wraps up three Elgin industrial transactions Darwin Realty has completed a sale and two lease transactions in Elgin, Illinois. The industrial real estate deals totaled over 218,000 square feet.
Industrial v Wisconsin Seefried wraps shell construction of 88,000-square-foot industrial facility Seefried Industrial Properties in a partnership with James Campbell Company LLC has completed the shell of Franklin Business Center, a 88,667-square-foot warehouse distribution center in Franklin, Wisconsin. The facility is now available for tenant improvements and is being marketed to users ranging from 20,000 to 88,667 square feet.
Industrial N Illinois Construction begins on pair of spec industrial buildings in Elgin Meridian Design Build recently started construction on two speculative industrial buildings for Scannell Properties at 2451 Bath Road and 1755 Britannia Drive in Elgin, Illinois. The projects are located within Elgin’s west side industrial corridor, less than a mile from the four-way interchange at I-90 and Randall Road.
Industrial N Illinois Pizzuti Companies developing Romeoville logistics facility for Crate & Barrel The Pizzuti Companies has been selected to develop a build-to-suit, Class A industrial facility for Crate & Barrel in Romeoville, Illinois. The new logistics facility is being developed at Pinnacle Business Center, located in the heart of Chicago’s I-55 corridor, and the property is owned by an affiliate of Heitman LLC, a global real estate investment management firm.
Industrial N Illinois Avison Young listing 497,682K SF industrial portfolio that includes two Chicago-area properties A 497,682-square-foot industrial portfolio that includes properties in the Chicago metro, is on the market. Avison Young was awarded the exclusive sale listing for the portfolio, which is owned by GHP Group, Inc.
Industrial N Illinois Brown Commercial Group closes over 30,000 SF of industrial transactions Brown Commercial Group recently completed industrial transactions totaling 30,773 square feet throughout Chicago’s western suburbs.
Industrial N Illinois It’s a cold hard fact: Development costs are suppressing supply of cold storage As consumers grow more and more comfortable adding food to their online shopping carts, the cold storage warehouse is in ever more demand. Due to the cost and complexity of constructing these facilities, however, there’s a shortage of cold storage space.
Industrial i Ohio Pizzuti, PCCP break ground on pair of industrial buildings in Columbus The Pizzuti Companies and partner PCCP, LCC, have broken ground on two speculative industrial buildings totaling more than 500,000 square feet in the firm’s master-planned Rickenbacker West Industrial Center in Columbus, Ohio.
Industrial N Illinois Brown Commercial negotiates 22,000-SF suburban Chicago industrial building sale Brown Commercial Group partner, Mike Antonelli, represented both the buyer and the seller in the sale of a 22,596-square-foot building at 330 Fay Avenue in Addison, Illinois, in Chicago’s DuPage County submarket. Financial details were not disclosed.
Industrial N Illinois ML Realty Partners acquires 302,354-SF industrial building in I-55 corridor Brendan Hill, acquisition director of ML Realty Partners, announced the acquisition of a 302,354-square-foot industrial building at 999 Dalton Lane in Bolingbrook, Illinois. Jeff Devine and Steve Disse of Colliers International were the sole brokers involved in the transaction.
Industrial V Michigan CBRE closes 136,000-square-foot industrial sale in Michigan CBRE represented both the tenant and ownership in a 136,500-square-foot industrial lease at 10725 Harrison Road in Romulus, Michigan.
Industrial N Illinois Amazon to bring 500 jobs to Channahon with new, 1 MSF fulfillment center Amazon plans to open a fulfillment center in Channahon, Illinois, creating more than 500 new, full-time jobs. The project, developed by Venture One Real Estate, will add a new distribution center of over 1 million square feet in size—the sixth in Will County for the online retailer, after properties in Crest Hill, Joliet, Monee and Romeoville.