Industrial V Michigan Reichle Klein Group closes $1.5 million industrial sale in Michigan Reichle Klein Group recently sold a $1.5 million industrial building in Monroe, Michigan.
Industrial N Illinois Transwestern sells 178,500-SF industrial building in O'Hare submarket Transwestern Development Co. (TDC) has sold a 178,516-square-foot industrial property on behalf of TDC Franklin Park Partners I LLC, a partnership with one of Transwestern Investment Group’s (TIG) accounts. The building, which is located at 9100 Belmont Avenue in Franklin Park, Illinois, was acquired by a global real estate investment manager.
Industrial N Illinois Duke Realty delivers new 154,000-SF warehouse in O'Hare submarket Duke Realty has completed a new, 154,000-square-foot logistics property at 901 Chase Avenue in Elk Grove Village, Illinois. The building, which was built on a speculative basis, is located in the high-demand O’Hare submarket near the north cargo gate of the airport and within minutes of the I-90 and I-290/355 interchanges.
Industrial N Illinois Chicago takes fourth spot in global data center study Chicago has long served as an important hub in the nation’s infrastructure, a pinch point through which air, road and rail all flow through to move goods about the country. Now it’s been recognized as a pivotal juncture for a different kind of transportation: the movement of ones and zeroes.
Industrial O Indiana Avison Young brokers 353,000-square-foot industrial building in Indiana Avison Young has negotiated the sale of a 353,000-square-foot industrial facility at 7901 W. 21st St. in Indianapolis. The property is fully leased to Venture Logistics, LLC and Iron Mountain Inc.
Industrial v Wisconsin Barry Company closes 102,000-square-foot Rust-Oleum lease in Wisconsin The Barry Company closed a 102,000-square-foot lease of industrial space at 10100 Jelly Belly Lane in Pleasant Prairie, Wisconsin.
Industrial N Illinois Cushman & Wakefield reps e-commerce fulfillment firm in flagship lease Cushman & Wakefield has represented ShipFusion Inc. in its 381,600 square foot lease at 365 E. North Avenue in Carol Stream, Illinois. The location will be home to the company’s new U.S. flagship operation. ShipFusion provides proprietary inventory management software and a wide range of fulfillment services including freight, insurance, returns and custom workflows.
Industrial N Illinois Brown Commercial Group brokers two building sales in suburban Chicago Brown Commercial Group partner, Mike Antonelli, represented the sellers of two industrial buildings on Winthrop Avenue in Addison, Illinois. Both of the assets were owned by business owners who had recently sold the businesses they had operated out of the buildings.
Industrial N Illinois Spec please! Users flock to speculative space to close out 2019 Of the speculative industrial space developed in the Chicago market during this cycle, more than 70 percent of it is now leased. And this figure only continues to rise, suggesting that supply is not yet outpacing demand.
Industrial i Ohio Stan Johnson Company closes $16 million industrial sale in Ohio Stan Johnson Company has completed the sale of a single-tenant industrial property in Findlay, Ohio. The 402,604-square-foot distribution warehouse is fully leased to American Plastics and is located at 14801 County Road 212.
Industrial i Ohio CT Realty buys 382 acres of industrial land in Columbus CT Realty has expanded its nationwide logistics portfolio with the purchase of 382 acres of industrial land in Columbus, Ohio, for the development of 5.7 million square feet of large-scale warehouse and distribution space.
Industrial N Illinois Three food-related tenants commit to Heart of Chicago industrial building Lee & Associates negotiated three lease transactions totaling 70,814 square feet at 2420 S. Wood Street in Chicago. The newly constructed 156,000-square-foot building is located adjacent to the Chicago International Produce Market in the city’s Heart of Chicago neighborhood. All three tenants have ties to the food industry.
Industrial N Illinois Elk Grove Technology Park lands 15 MW data center T5 Data Centers, a provider of mission-critical development, facilities management and construction services, announced the purchase of a 164,000-square-foot data center shell in Brennan Investment Group’s Elk Grove Technology Park in Elk Grove Village, Illinois. The facility will provide 103,000 square feet of white space and 15.4 critical megawatts of power capacity.
Industrial i Ohio Industrial Property Brokers reps sales of 32,000-square-foot industrial building Industrial Property Brokers has facilitated the purchase of a 32,200-square-foot industrial building in Sabina, Ohio. The city is in Clinton County about 40 miles east of Dayton and 53 miles from Columbus.
Industrial N Illinois Industrial Insider: The cold supply chain Industrial real estate professionals are experiencing increased growth and global demand for fresh fruits, vegetables, meats, seafood and dairy, as well as pharmaceutical and chemical products. The “cold supply chain” plays an integral role in the successful implementation of meeting the increased demands.
Industrial i Ohio Industrial Property Brokers closes sale of steel-processing plant in Ohio Industrial Property Brokers principal Tim Echemann and colleague Ronald J. Jurgenson, along with a senior vice president with Toledo, Ohio-based Reichle|Klein Group represented the sellers of a 157,000-square-foot steel-processing plan in Pioneer, Ohio. Pioneer is about 64 miles east of Toledo.
Industrial N Illinois Lee & Associates of Illinois brokers pair of DuPage County industrial deals Lee & Associates has brokered two industrial transactions in DuPage County.
Industrial N Illinois Marcus & Millichap facilitates sale of Itasca industrial building Marcus & Millichap closed the sale of 1431 Harmony Court, a 7,068-square-foot industrial property located in Itasca, Illinois, according to Steven D. Weinstock, regional manager and first vice president of the firm’s Chicago Oak Brook office. The asset sold for $515,000.
Industrial Q Kentucky Hunt Midwest expands to Louisville market with spec industrial facility Kansas City-based Hunt Midwest has expanded to the Louisville industrial market with the development of Blankenbaker Logistics Center, a new speculative industrial building in Blankenbaker Station, a Class-A mixed-use business park in eastern Jefferson County, Kentucy.
Industrial N Illinois Exeter acquires 193,000-SF Lombard industrial building Colliers International | Chicago arranged the acquisition of a 193,000-square-foot industrial building located at 100 Progress Road in Lombard, Illinois. Exeter Property Group was the buyer while the seller was a private investor. Colliers’ David Bercu represented both sides in the transaction. The purchase price was not disclosed.