Industrial N Illinois
Midwest Industrial Funds acquires headquarters facility in Downers Grove

Midwest Industrial Funds acquires headquarters facility in Downers Grove

An affiliated entity of Midwest Industrial Funds recently purchased a 51,860-square-foot headquarters, light‐manufacturing and distribution building located at 5101 Thatcher Road in Downers Grove, Illinois. The high-image, precast concrete and brick building was originally constructed in 1989 and expanded in 2011. Midwest Industrial Funds and the tenant, National Technologies, executed a long‐term lease for the property in conjunction with Midwest Industrial closing on the property.

Industrial N Illinois
Batavia spec industrial property leases up

Batavia spec industrial property leases up

Nick Eboli and James Planey, SIOR of Lee & Associates recently closed out leasing contracts for all 137,000 square feet of a new, spec industrial building at 1200-1270 Douglas Road in Batavia, Illinois. The building, built by Morgan / Harbour Construction for a local owner/developer, was completed in February 2018.

Industrial N Illinois
Keeping up with constant change

Keeping up with constant change

In today’s innovate or die commercial real estate market, it can be difficult to keep pace with constant change. The rate at which change takes place is consistently accelerating, so put on your seatbelt—there’s no breather from industry changes in sight.

Industrial N Illinois
The rising value of close-in distribution space

The rising value of close-in distribution space

Once thought of largely as opportunities for conversion to residential lofts and open offices, the close-in urban warehouse is having a resurgence in popularity. Accelerating growth of e-commerce and rising demand from consumers for next-day delivery has highlighted the need for companies to locate warehouses and distribution centers close to densely populated city centers.

Industrial N Illinois
Michael Podboy;CA Industrial

CA Industrial appoints CRE veteran Michael Podboy as president

Chicago-based CA Industrial, the industrial investment and development division of CA Ventures, has appointed Michael Podboy, a veteran of the commercial real estate industry who has overseen more than $750 million in development, as president for the division. Podboy will build on the success of CA Industrial, launched in July 2018 with a goal of investing $500 million in speculative industrial development and acquisition opportunities throughout the U.S. over the next five years.

Industrial N Illinois
Mark Levy;Hilco Redevelopment Partners

Industrial vet, Mark Levy, joins Hilco Redevelopment Partners

Hilco Redevelopment Partners, a unit of Hilco Global, announced that Mark Levy has joined its real estate redevelopment team as executive vice president – industrial acquisitions. He will be responsible for expanding the acquisition team and strategy, with a focus on continuing to source and complete industrial redevelopment transactions throughout North America within Hilco’s real estate redevelopment operating company.