Industrial v Wisconsin Building boom in Southeast Wisconsin Kenosha County, Wisconsin is one of the smallest industrial submarkets in the Chicago metro area. Its 249 properties, as of Q4 2018, are second to last in inventory count, as is its total square footage of 33,569,560 square feet. But that’s about to change as no area had more square footage under construction at the close of 2018.
Industrial N Illinois Value Industrial Partners acquires Romeoville industrial property Value Industrial Partners, a full-service real estate operator based in Elmhurst, Illinois, announced its recent acquisition of 641 Forestwood Drive in Romeoville, Illinois. Terms of the transaction were not disclosed.
Industrial v Wisconsin Ashley Capital building 438,000-square-foot industrial facility in Wisconsin Ashley Capital is building a 438,000-square-foot cross-dock speculative industrial building at 11201 Enterprise Way in Sturtevant, Wisconsin. This is the second building to be built at Enterprise Business Park.
Industrial O Indiana Commercial In-Sites helps close 285,000-square-foot industrial sale in Indiana Adam Karras of Commercial In-Sites, LLC represented the seller of 2700 E. 5th Ave. in Gary, Indiana, in the sale a 285,000-square-foot industrial building to Alliance Steel Corporation.
Industrial O Indiana Zacher Company closes 33,000-square-foot industrial lease in Indiana John Adams and Steve Zacher of the Zacher Company represented the landlord, Dwyer Instruments, Inc., in the lease of 33,600 square feet of industrial space at 367 W. 1st St. in South Whitley, Indiana.
Industrial N Illinois Brown Commercial Group completes 33,262 SF of leases, sales in Chicago suburbs Brown Commercial Group has completed industrial transactions totaling 33,262 square feet in Chicago’s west and northwest suburbs. The transactions, in Bartlett, Franklin Park, Palatine and Schaumburg, Illinois, illustrate user demand for well-located facilities around the market.
Industrial N Illinois Manufacturer extends lease at Bedford Park Corporate Center Newmark Knight Frank (NKF) secured a 270,789-square-foot lease extension within Bedford Park Corporate Center at 5139 W. 73rd Street in Bedford Park, Illinois. NKF executive managing director Geoffrey Kasselman, SIOR, LEED AP and associate Chris Hill arranged the lease extension on behalf of Assemblers, Inc.
Industrial N Illinois Industrial forecast: Some overbuilding won’t block the path ahead in 2019 The size of the crowds at last week’s Chicago Commercial Real Estate conference illustrate the fact that the CRE industry and this market are on great footing going into the new year. One sector in particular, industrial, drew a great amount of interest as the breakout session had a packed house.
Industrial v Wisconsin Founders 3 helps close 37,000-square-foot industrial lease in Wisconsin Titan, Inc., a designer and manufacturer of custom-engineered test and assembly systems, has leased 37,762 square feet at 1340 Grandview Parkway in Sturtevant, Wisconsin.
Industrial N Illinois Lee & Associates of Illinois negotiates $4.3 million industrial sale Lee & Associates has closed a $4.3 million sale transaction for a 228,586-square-foot industrial building located on nine acres at 2525 Armitage Avenue in Melrose Park, Illinois. Ryan Kehoe, vice president, and John Sharpe, principal, of Lee & Associates’ Illinois office, represented the seller. Cushman & Wakefield represented the buyer, a user/investor.
Industrial W Minnesota CBRE sells two-property industrial portfolio in Minnesota CBRE Capital Markets has arranged the sale of the two-property Minneapolis Care-Plus Logistics portfolio.
Industrial N Illinois Podolsky Circle represents buyer in Crystal Lake acquisition Podolsky Circle CORFAC International announced the sale and financing of 300 Millennium Drive in Crystal Lake, Illinois. The fully-leased property was sold by a local investor for $8,050,000 to MR Michigan, LLC.
Industrial N Illinois Cushman & Wakefield secures 2018’s largest industrial lease in City of Chicago at Marina Crossings Cushman & Wakefield represented landlord Marina Crossings Owner, LLC, a joint venture between MAT Limited Partnership and institutional investors advised by J.P. Morgan Asset Management, in securing its first tenant at 2075 W. 43rd Street. First Logistics, an Illinois-based 3PL, will expand from their current facility in Alsip, Illinois to immediately occupy 331,059 square feet of the largest speculative industrial building in the city of Chicago’s since 1905.
Industrial N Illinois ODW Logistics leases entire 343k SF industrial property in suburban Chicago Transwestern brokered a 343,410-square-foot industrial building lease for ODW Logistics, Inc. at 5300 Proviso Drive in Melrose Park, Illinois. Senior vice president John Joyce, CCIM, represented the landlord, TSP Melrose Park LLC in the deal.
Industrial W Minnesota Opus wraps work on 86,000-square-foot industrial building in Saint Paul The Opus Group has completed work on an 86,632-square-foot industrial building in the Saint Paul Port Authority’s Beacon Bluff Business Center in Saint Paul, Minnesota. Terracon Consultants Inc., a multi-disciplinary engineering consulting firm, will occupy 15,300 square feet of the building beginning early this year.
Industrial v Wisconsin Dickman sells 23,000-square-foot industrial building in Milwaukee The Dickman Company, Inc./CORFAC International closed the sale of a 23,100-square-foot industrial building at 5800 W. Douglas Ave. in Milwaukee, Wisconsin.
Industrial N Illinois Logistics Property Co. acquires 102 acres in Country Club Hills, Illinois Logistics Property Company, LLC (LPC), a Chicago-based logistics real estate platform focused on the acquisition, development and management of state-of-the-art logistics properties in key North American markets, acquired 102 acres of land in Country Club Hills, Illinois. Located at the convergence of I-57 and I-80, the project provides excellent access to two highly trafficked thoroughfares serving Chicago and the Midwest.
Industrial X Missouri Stan Johnson Company closes $10 million distribution center sale in St. Louis Stan Johnson Company has completed the sale of an Ashley Furniture Distribution Center in St. Louis for $10 million to New York-based One Liberty Properties, Inc., a publicly traded REIT.
Industrial N Illinois New Continuum Data Centers scoops up West Chicago data center IT infrastructure service provider New Continuum Holdings Corporation, which operates New Continuum Data Center, has acquired a flagship mission critical data center, located at 603 Discovery Drive in West Chicago, Illinois. The facility, which was officially acquired in late December, was originally purpose-built as a data center by the previous owner. Post Road Group provided the senior debt financing for this transaction.
Industrial N Illinois PREMIER completes tenant improvement for Agility Logistics PREMIER Design + Build Group has wrapped up construction on the Agility Logistics tenant improvement, just three months after completing shell construction for Bridge Development Partners. The firm leased the space last May within Bridge Point Franklin Park Building I, 10501 Franklin Avenue, Franklin Park, Illinois.