Industrial X Missouri Melton Machine moving into 367,000-square-foot home in Missouri Melton Machine & Control Company, a manufacturer of automated welding systems, will celebrate its 50th anniversary early next year when it moves into a new headquarters and manufacturing facility in Washington, Missouri.
Industrial N Illinois Brown Commercial Group helps dry foods distributor double its space in Wood Dale Brown Commercial Group represented All American Nut and Candy Corp. in its lease of 24,923 square feet at 255 Beinoris Drive in Wood Dale, Illinois. The dry food products warehousing and distribution company is doubling its space from its previous location in Bensenville, Illinois.
Industrial N Illinois Lee & Associates of Illinois negotiates $2.6M industrial sale in Lake County Lee & Associates has closed a $2.6 million sale transaction for a 55,276-square-foot industrial building located at 3300 16th Street in Zion, Illinois. Located on nearly 3.5 acres of land, the 24-foot clear, precast building has seven loading docks, one drive-in door and parking for 74 cars.
Industrial V Michigan Stan Johnson closes $14 million sale of industrial park in Michigan Stan Johnson Company has completed the sale of Waretech Industrial Park, a multi-tenant industrial building at 7075 S. Dort Highway in Grand Blanc, Michigan.
Industrial N Illinois Bridge Development Partners acquires site for second phase of Bridge Point Downers Grove Bridge Development Partners has acquired a 10.87-acre property at 4110 Finley Road in Downers Grove, Illinois, which will serve as the home for an extension of its Class-A industrial campus, Bridge Point Downers Grove. Bridge acquired the property from the same undisclosed developer as it did its neighboring site, and will construct a brand-new, 133,443-square-foot industrial facility by late Summer 2020.
Industrial N Illinois Flat no more: Demand picks up in the I-55 corridor Throughout 2017 and 2018, industrial activity in the I-55 corridor was relatively flat. The situation is much different so far this year, with nearly 2 million square feet of absorption in the submarket last quarter alone—the greatest quarterly demand in more than three years.
Industrial L Iowa Stan Johnson Company sells four-building industrial portfolio in Iowa Stan Johnson Company has completed the sale of a four-building industrial portfolio across three rural Iowa markets. Located at 408 and 411 Maplewood Avenue in Williamsburg, Iowa; 403 S. 8th St. in Montezuma, Iowa; and 1951 A Avenue in Victor, Iowa, the portfolio totaled nearly 684,000 square feet and was leased to a subsidiary of Magna International Inc.
Industrial N Illinois Meridian to construct Chicago spec project for NorthPoint Development Meridian Design Build recently started construction on a 358,879-square-foot, multi-tenant industrial spec building for NorthPoint Development in Chicago. The new facility will be located on a redeveloped 31-acre site at 12144 S. Avenue O in the city’s Hegewisch neighborhood.
Industrial i Ohio Levelan Partners building spec warehouse in Ohio community A private investment group in a joint venture with Levelan Partners has commenced construction on a 150,000-square-foot speculative warehouse building in Streetsboro, Ohio.
Industrial N Illinois Colliers arranges 551,000-SF, full-building sublease for Follett Corp. Colliers International | Chicago’s Christopher Volkert, SIOR and Brian Kling represented Follett Corporation in a three-year, 551,200-square-foot, full-building sublease to Wholesale Interiors at 2805 Duke Parkway in Aurora, Illinois. It is one of the Chicago area’s largest industrial lease transactions to date.
Industrial N Illinois Logistics Property Co. acquires 15-acre site in Addison, Illinois Logistics Property Company, LLC (LPC) has acquired 15.09 acres of land in Addison, Illinois in DuPage County. The centrally located logistics distribution hub, dubbed Swift & Lake, sits on the southeast corner of Swift Road and Lake Street—25 miles northwest of downtown Chicago,a quarter-mile from the I-355 four-way interchange and less than two miles from I-290.
Industrial i Ohio Pizzuti brings Columbus industrial building to full occupancy The Pizzuti Companies and its partner, USAA Real Estate, have announced a new lease at CreekSide XVIII in Columbus, Ohio, bringing the multi-tenant industrial building to full occupancy.
Industrial Q Kentucky MK Asset closes big deal in Louisville MK Asset Brokerage, a Chicago-based commercial real estate investment, brokerage and advisory firm, has completed transactions totaling about 500,000 square feet in Riverside, California, and Louisville, Kentucky. The value of the transactions exceeded $25 million in aggregate lease expense.
Industrial N Illinois Duke Realty leases up Lockport industrial facility The Chicago office of Duke Realty has signed a lease with 48forty Solutions, a pallet management company, for 83,720 square feet at 16508 S. John Lane Crossing in Lockport, Illinois. With this lease, Duke Realty’s three Lockport buildings, which total 802,284 square feet, are 100 percent leased.
Industrial N Illinois Westmount Realty Capital hires seasoned property manager in Chicago Commercial real estate development and investment management firm Westmount Realty Capital, LLC has hired John Humphrey as senior property manager—Chicago. Humphrey brings over 23 years of commercial real estate asset and property management experience to Westmount and will oversee the company’s Chicago-area industrial portfolio of 4.675 million square feet.
Industrial N Illinois Net lease and industrial: Two strong sectors that perform well together Throughout this record-long period of economic growth, there have been two asset classes that have performed particularly well: industrial and net lease. For investors, the two combined can yield interesting results.
Industrial N Illinois Avison Young to market 73,000 SF O’Hare industrial building Avison Young has been awarded the exclusive sale listing for a 73,249 square foot industrial flex building at 800-820 Thorndale Avenue in Bensenville, Illinois. Located on just under six acres in the O’Hare submarket, the multi-tenant building is 82 percent leased.
Industrial N Illinois NAI Hiffman reps Ketone Partners in land sale to GP Transco for future HQ NAI Hiffman represented Ketone Partners in the sale of 22.5 acres of land in Joliet, Illinois. The buyer, logistics firm GP Transco, plans to develop the site and relocate from Darien, Illinois into its new, state-of-the-art, 40,000-square-foot headquarters by Spring of 2020.
Industrial X Missouri Jones Development acquires 311,000-square-foot distribution facility in Kansas Sumner Investment LLC, a local partnership arranged by Jones Development, recently acquired a distribution and manufacturing facility in Johnson County, Kansas. The facility sits on 17.71 acres in the New Century AirCenter with close access to Interstate-35.
Industrial i Ohio Reichle Klein closes 66,000-square-foot industrial lease in Toledo Reichle Klein Group recently arranged a five-year, five-month industrial lease in Toledo, Ohio.