Industrial N Illinois Bridge Development Partners promotes Steve Groetsema to COO Bridge Development Partners, LLC, announced that Steve Groetsema of the company’s Chicago office has been promoted to chief operating officer. In his elevated role, Groetsema will support Bridge’s continued national and international industrial real estate portfolio expansion, in addition to enhancing the company’s internal infrastructure and processes that drive its acquisition, development and property management operations.
Industrial N Illinois Chicago industrial activity up by 30% The Chicago area remains a key industrial hub and target for investors, with the market experiencing a 30.4 percent increase in industrial sales activity year-over-year, through February 2019. Like many markets around the country, portfolio sales volume contributed to Chicago’s industrial velocity.
Industrial i Ohio National real estate developer CRG opens office in Columbus CRG, a national real estate developer, has opened a new office in Columbus, Ohio.
Industrial N Illinois Data center vacancy down in Chicago as users turn to new space The Chicago data center market vacancy stood at 10.7 percent for the second half of 2018, down from 11.2 percent in the first half of the year. However, newly delivered product and decelerating leasing velocity led to vacancy increasing 180 basis points year-over-year.
Industrial N Illinois Colliers arranges $2.45M sale of Arlington Heights warehouse Colliers International | Chicago’s Kelly Joyce, CCIM, and Suzanne Serino represented a private investor in the sale of 2605 Clearbrook Drive in Arlington Heights, Illinois. The asking price for the 46,920-square-foot industrial warehouse facility was $2.45 million.
Industrial N Illinois Black Creek Group expands Chicago-area industrial footprint Black Creek Group, a Denver-based real estate investment manager and development firm, acquired industrial properties in three strategic submarkets of the Greater Chicago area: I-55 Corridor, I-90 Elgin Corridor and Lake County.
Industrial v Wisconsin Colliers International closes three deals in Milwaukee market Colliers International Wisconsin recently closed several deals in the Milwaukee market.
Industrial i Ohio Reichle Klein Group closes 119,000-square-foot industrial lease in Toledo Reichle Klein Group recently closed a four-year, five-month industrial lease in Toledo, Ohio.
Industrial N Illinois Peak Construction to renovate manufacturing facility in Chicago suburbs Peak Construction Corporation has been awarded the renovation of Senju America Inc.’s solder manufacturing facility in Wheeling, Illinois. The Japanese company, which produces solder powder and paste for the automotive and electronics industries, will move from their current location in Mundelein, Illinois.
Industrial N Illinois Brown Commercial Group completes over 17,000 SF in west suburban transactions Brown Commercial Group has completed four leases and a sale transaction totaling 17,511 square feet in Chicago’s western suburbs. Each transaction involved businesses expanding into infill space in a tightening industrial real estate market.
Industrial X Missouri CBRE adds to St. Louis industrial team CBRE has added John Frith to the St. Louis Industrial team as an associate broker, specializing in agency assignments and occupier representation.
Industrial N Illinois Online grocery and last mile growth continue to drive food space usage The growth in fresh and organic food products and last mile delivery is fueling significant demand for industrial space in Chicago and across the country. As a central location for food production, warehousing and distribution since the 1800s, Chicago continues to attract a diverse range of manufacturers, distributors and food ingredient companies.
Industrial N Illinois Principle Construction wraps up spec warehouse project for Seefried Properties Principle Construction Corp. completed a speculative warehouse construction project for Seefried Industrial Properties at 2001 Arthur Avenue in Elk Grove Village, Illinois. The owner will be doing business as CH Realty VII/I Chicago Lunt, LLC. The project is a 79,205-square-foot building with 75,245 square feet of warehouse space and 3,960 square feet of office.
Industrial P Kansas Pair of tenants move into Opus spec building near Kansas City Gateway Classic Cars and Lanter Delivery Systems, Inc. are the first tenants in Opus Development Group’s recently completed speculative warehouse and distribution building at 56 Commerce Center in Olathe, Kansas. Gateway Classic Cars and Lanter moved into 56 Commerce Center earlier this year and now occupy more than 85,000 square feet in the 230,000-square-foot industrial building.
Industrial i Ohio Peak Construction to build 400,000-square-foot industrial building in Ohio Peak Construction Corporation was awarded a third build-to-suit project by Scannell Properties in Ohio. The 400,000-square-foot facility in Twinsburg, Ohio, has been designed for O’Reilly Auto Parts.
Industrial V Michigan EVP with Grand Rapids' office of Colliers earns key sales award John Kuiper, executive vice president of Colliers International|West Michigan in Grand Rapids Michigan, was inducted into the 2018 Colliers International Everest Club for his performance in the region’s industrial sector, Colliers announced today.
Industrial V Michigan Oxford sells 7,500-square-foot flex industrial space in Michigan Oxford Commercial has closed the sale of 1260 Rickett Road in Brighton, Michigan. The 7,500-square-foot flex industrial space was 100 percent occupied by RAND Construction and Mutual Electric at the time of the sale.
Industrial N Illinois Pepperidge Farm leases over 87,000 SF at Lockport's Heritage Crossing Pepperidge Farm, Incorporated has leased 87,602 square feet at Heritage Crossing, 15901 W. 147th Street in Lockport, Illinois. Jason West and Brian Borget of Cushman & Wakefield represented Pepperidge Farm; Dan Leahy, Mark Moran and John Whitehead of NAI Hiffman represented ML Realty Partners in the transaction.
Industrial N Illinois Lee & Associates of Illinois negotiates industrial lease in Bedford Park Lee & Associates has closed a lease transaction for a 134,852-square-foot industrial space located at 5025 W. 73rd Street, Suite A in Bedford Park, Illinois.
Industrial i Ohio CBRE closes 800,000-square-foot industrial lease in Columbus Quaker Distributing, with the assistance of CBRE, has signed a 60-month lease at a distribution facility near Rickenbacker International Airport in Columbus, Ohio.