Industrial v Wisconsin Zilber taking on pair of build-to-suit projects in Wisconsin Zilber Property Group signed a lease with Stabio North America to occupy about 110,500 square feet at Salem Business Park in Salem Lakes, Wisconsin, and another lease with Advent Tool and Manufacturing, Inc. to occupy about 25,000 square feet of a 50,000-square-foot industrial building in the same park.
Industrial N Illinois Brown Commercial Group brokers over 43,000 square feet of deals in Chicago suburbs Brown Commercial Group completed five transactions totaling 43,611 square feet in Chicago’s suburban industrial market. Senior broker Mason Hezner was involved in all transactions.
Industrial N Illinois Elmhurst industrial flex property sells for $5.4 million The COLOVOS | SOUPOS Group at RE/MAX Destiny represented the owner of a 74,844-square-foot industrial building on 3.49 acres located at 776 N. Oaklawn Avenue in Elmhurst, Illinois. Vickie C. Soupos represented the original owners, Fast Heat Inc. The asset received multiple offers and sold for $5,400,000 or 97 percent of asking price. The buyer was represented by Joe Bronson of NAI Hiffman.
Industrial i Ohio Cushman & Wakefield|CRESCO closes big industrial lease in Ohio Cushman & Wakefield|CRESCO completed a 139,920-square-foot industrial lease at 669 Sugar Lane in Elyria, Ohio.
Industrial N Illinois Matanky Realty Group sells 183,000-SF Back of the Yards industrial building Matanky Realty Group announced that senior vice president and director of brokerage, Terri Cox has closed on the sale of an 182,029-square-foot industrial building in Chicago’s Back of the Yards neighborhood. The property, situated on 5.32 acres at 1443 W. 41st Street, sold for an undisclosed price to an undisclosed buyer.
Industrial W Minnesota ACKERBERG acquires 75,000-square-foot industrial building in Minnesota ACKERBERG has acquired a 75,480-square-foot industrial building at 1140 Gervais Avenue, on the northeast quadrant of Interstate 35E and Highway 61 in Maplewood, Minnesota.
Industrial N Illinois Oversupply concerns are overblown Nearly 290 million square feet of industrial space came to market across the nation last year. A new report shows that these deliveries absorbed at strong rates, assuaging fears that the red-hot sector was in danger of overbuilding.
Industrial X Missouri JLL to manage five industrial properties in St. Louis JLL will manage five St. Louis-area industrial developments totaling nearly 1.5 million square feet valued at about $61 million.
Industrial N Illinois Lee & Associates of Illinois brokers trio of industrial leases in DuPage market Lee & Associates has closed three lease transactions in DuPage County.
Industrial v Wisconsin Transwestern sells industrial building in Milwaukee market Transwestern brokered the sale of a multi-tenant industrial building in South Milwaukee, Wisconsin. K Investment Property LLC purchased the property.
Industrial V Michigan L. Mason Capitani finds new home for aerospace company in Michigan L. Mason Capitani CORFAC International closed the sale of an industrial building at 19000 Fifteen Mile Road in Clinton Township, Michigan, to Alpha Precision Aerospace.
Industrial N Illinois Cushman & Wakefield brokers fulfillment facility lease for ShipFusion Cushman & Wakefield represented e-commerce fulfillment company ShipFusion Inc. in its new, 381,600-square-foot lease at 365 E. North Avenue, in suburban Carol Stream, Illinois. The location will be home to ShipFusion’s new U.S. flagship operation. The Chicago-based company provides proprietary inventory management software and a wide range of fulfillment services including freight, insurance, returns and custom workflows.
Industrial i Ohio Industrial specialist joins Signature Associates Zack Liber has joined the industrial division of Signature Associates’ Toledo, Ohio, office. Liber grew up in the logistics field, with his family owning a truck-parts company.
Industrial N Illinois A tale of two submarkets: The I-80 and I-55 corridors offer contrary messages Throughout this cycle, new construction of Class A industrial space has progressed apace, driven by high tenant demand. Though there was above-average absorption throughout the Chicago area last year, it’s two largest spec submarkets—the I-80 and I-55 corridors—presented clashing prospects.
Industrial X Missouri Newmark Grubb Zimmer closes seven-building disposition in Kansas City Newmark Grubb Zimmer closed the successful disposition of a seven-building industrial and flex portfolio near Front Street in Kansas City, Missouri’s Executive Park.
Industrial N Illinois Kudan Group brokers sale of 77,000-SF industrial building in West Humboldt Park Kudan Group president, Jarrett Fradin, and broker associate, Georg Simos, facilitated the sale of an industrial property located at 4430-44 W. Haddon Avenue in Chicago’s West Humboldt Park neighborhood. Terms of the transaction were not disclosed.
Industrial i Ohio NAI Hiffman brokers $16 million sale of manufacturing plant in Cincinnati NAI Hiffman brokered the $16.65 million sale of 8200 Broadwell Road, a 479,598-square-foot aerosol can manufacturing facility in Cincinnati. NAI Hiffman’s Capital Markets Group Executive Vice President Pat Sullivan and Vice President Ryan Chambers, and Newmark Knight Frank Executive Managing Director Si Pitstick, marketed the property on behalf of the owner, Leasco Management.
Industrial N Illinois Brown Commercial Group brokers trio of transactions in Chicago suburbs Brown Commercial Group negotiated two leases and one sale for a cumulative 32,733 square feet in Chicago’s western and northwestern suburbs. Each transaction involved an end user working to quickly expand its space through a new lease or acquisition.
Industrial c Nebraska LCN sells former Shopko distribution center near Omaha LCN Capital Partners sold the former 535,000-square-foot Shopko Distribution Center in Papillion, Nebraska, to Papillion Foods.
Industrial N Illinois Fully leased, multi-tenant industrial building trades hands in Bensenville Venture One Real Estate—through its acquisition fund, VK Industrial V, LP, a partnership between Venture One and Kovitz Investment Group—has closed on the acquisition of a 36,080-square-foot industrial building located at 236 William Street in Bensenville, Illinois. The multi-tenant building was fully leased at acquisition with a 14,068-square-foot unit coming available in September 2020.