Industrial N Illinois
180 North Meadow Road, Addison, Illinois, part of the approximately 3 million sqare feet of industrial space in IPT’s Chicago metro portfolio.

Prologis to acquire Industrial Property Trust in $4B deal

Logistics real estate giant Prologis, Inc. has signed a definitive merger agreement to acquire Industrial Property Trust Inc. (IPT). Prologis will acquire IPT's wholly owned real estate assets for approximately $3.99 billion in a cash transaction, including the assumption and repayment of debt. The transaction is expected to close by the first quarter of 2020 at the latest, following approval of IPT stockholders and other customary closing conditions.

Industrial N Illinois
Acer computer service center expands by over 50,000 SF in Lockport

Acer computer service center expands by over 50,000 SF in Lockport

The Chicago office of Duke Realty has signed a lease with Acer Service Corporation, a repair and service provider for Acer computer products, for an additional 50,570 square feet in its building located at 16508 S. John Lane Crossing in Lockport, Illinois. Acer’s expansion, coming just 16 months after its initial, 166,024-square-foot lease, the 300,494-square-foot building, known as Lockport 16508, is 72 percent occupied.

Industrial N Illinois
Venture One fund acquires 78,862-SF Lombard, IL warehouse

Venture One fund acquires 78,862-SF Lombard, IL warehouse

Venture One Real Estate—through its acquisition fund, VK Industrial IV, LP, a partnership between Venture One and Kovitz Investment Group—has closed on the acquisition of a 78,862 square foot industrial building located at 1001-1043 N. Lombard Road in Lombard, Illinois. The multi-tenant building is currently 86 percent leased to eight tenants.