Industrial i Ohio ICP purchases former Kmart distribution center in Ohio Industrial Commercial Properties recently acquired 541 Perkins Jones Road in Warren, Ohio, a 1.4-million-square-foot former Kmart distribution center.
Industrial N Illinois Venture One fund acquires 83,000-SF Northbrook industrial building 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 an 83,828-square-foot industrial building located at 2855 Shermer Road in Northbrook, Illinois. The single-tenant building was 100 percent leased at acquisition.
Industrial X Missouri Colliers: St. Louis industrial rents hit 13-year high Vacancies are down, new construction up and rents on the rise. That’s the good news from the first quarter 2019 St. Louis industrial report recently released by Colliers International.
Industrial i Ohio ICP acquires former Sears distribution center in Ohio Industrial Commercial Properties LLC recently acquired the 570,000-square-foot former Sears distribution center at 4400 S. Hamilton Road in Groveport, Ohio. The center sits on 42.8 acres.
Industrial N Illinois CBRE represents Hackman Capital in sale of refrigerated distribution facility CBRE recently represented Hackman Capital Partners in the sale of a 188,000-square-foot refrigerated distribution property at 4801 S. California Avenue in Chicago for an undisclosed amount.
Industrial O Indiana Can the Opportunity Zone program bring new life to NWI Indiana community? During the last 30 years, Moorestown, New Jersey-based IMPACT Environmental has helped to revitalize more than 48 million square feet of commercial sites in the United States. The company specializes in brownfield redevelopment work, cleaning up abandoned industrial sites and transforming them into new uses.
Industrial N Illinois Chicago the top market as U.S. industrial sales volume climbs to $55 billion Over the past year, investors spent $55 billion on U.S. industrial warehouse and distribution space in 46 key markets. Perhaps not surprising, Chicago was the beneficiary of the largest sum of investment volume, raking in more than $6 billion.
Industrial V Michigan CBRE closes 124,000-square-foot lease in Detroit market CBRE recently represented ownership in a 124,564-square-foot lease to Beaumont Health at 41965 Ecorse Road in Belleville, Michigan, in the Detroit market.
Industrial N Illinois NKF represents Logistics Property Co. in 28-acre land acquisition Newmark Knight Frank (NKF) successfully represented Logistics Property Company, LLC (LPC) in its acquisition of a 28-acre site at the entrance of Brewster Creek Business Park in Bartlett, Illinois. LPC will develop the parcel into two distribution facilities totaling 414,000 square feet.
Industrial N Illinois Avison Young negotiates 291,728-SF industrial lease on behalf of IDI Logistics Avison Young negotiated a 291,728-square-foot industrial lease at Rock Run Business Park, Building 14, in Joliet, Illinois, in the I-80 Corridor. Accuride Corporation, a global manufacturer of premium automotive parts, will consolidate two of its Chicago area facilities into the new building, which was completed in the fourth quarter of 2018.
Industrial i Ohio NKF closes 52,000-square-foot industrial lease in Ohio business park Newmark Knight Frank has arranged a new 52,500-square-foot lease to Benchmark Industrial Inc. at the Central Park of Gahanna, 870 Claycraft Road in Gahanna, Ohio. Central Park of Gahanna is a 262,500-square-foot spec warehouse currently under construction.
Industrial N Illinois Industrial Outdoor Ventures doubles in size with new hires Schaumburg, Illinois-based Industrial Outdoor Ventures (IOV), a real estate investment company focused exclusively on the acquisition, development and redevelopment of industrial services facilities, has hired five new staff members: Anthony DeLaurentis, James Georgalas, Eric Johnson, Ray Michaelsen and Tina Torossian.
Industrial N Illinois Value Industrial Partners acquires 274,000-SF, 14-building flex/industrial complex Value Industrial Partners purchased Bowling Green Center, a 14-building office, flex and industrial complex totaling 274,000 square feet. Located at 245 W. Roosevelt Road in West Chicago, Illinois, the property was 90 percent leased at the time of acquisition.
Industrial N Illinois Brown Commercial Group negotiates five industrial transactions in west suburbs Brown Commercial Group negotiated four leases and one sale, totaling 26,360 square feet, in the western and northwestern suburbs of Chicago. Each of the transactions included a business that was expanding.
Industrial N Illinois The I-80 Corridor lags in big box leases Chicago has seen a spate of large, spec industrial facilities tilt up in the past year. Now they’re leasing up. While big box projects throughout the region have begun to find users, the situation is a bit slower in the I-80/Joliet Corridor.
Industrial N Illinois Colliers arranges sale of three industrial properties for redevelopment Colliers International I Chicago’s Chris Volkert represented two private sellers in the sale of three, single-story industrial properties in Skokie, Illinois. Panattoni acquired the properties, which include a 78,101-square-foot building at 7515 Linder Avenue, a 35,000-square-foot building at 7555 Linder Avenue and a 44,000-square-foot building at 7520 Long Avenue.
Industrial N Illinois PREMIER Design + Build Group breaks ground on Sterling Bay warehouse project PREMIER Design + Build Group broke ground yesterday on a 153,000-square foot speculative warehouse for Chicago-based developer Sterling Bay. Located at 1035 S. Frontage Road in Darien, Illinois the development is due to be completed and ready for occupancy by November 2019.
Industrial N Illinois Prologis launches community workforce initiative in Chicago Prologis, Inc. has partnered with the Quad County Urban League on its “Propel by Prologis” job-readiness program. This collaboration is part of the Prologis Community Workforce Initiative (CWI) and the company’s commitment to expand work-based learning opportunities for those interested in careers in logistics, distribution and transportation.
Industrial O Indiana Colliers: Industrial vacancy rates hit all-time low in Indianapolis The Indianapolis industrial market set yet another record during the first quarter of this year when its vacancy rate hit an all-time low. It’s more evidence that the industrial sector continues to boom across the Midwest.
Industrial v Wisconsin Colliers closes big industrial lease renewal in Wisconsin Menasha Packaging Company renewed 113,778 square feet of industrial space at 6185 S. Ace Industrial Drive in Cudahy, Wisconsin.