Industrial N Illinois
A new, 879,040-square-foot speculative facility in the Bailly Ridge Corporate Center in Monee, Illinois is the largest construction start this quarter. It is being developed by a joint venture of DeBartolo Development, Location Finders International Real Estate and Canyon Partners Real Estate.

Chicago construction starts increase dramatically

Is the dearth of new supply during the third quarter of 2018—the lowest quarterly total since 2015—a sign of a downturn? According to the latest research update from Colliers International, it’s much more likely to be the calm before the storm as construction starts increased dramatically this quarter.

Industrial N Illinois
Midwest Industrial Funds acquires flagship U.S. manufacturing facility

Midwest Industrial Funds acquires flagship U.S. manufacturing facility

Midwest Industrial Funds recently purchased a 73,000-square-foot manufacturing building on 4.47 acres located at 2555 Decade Court in Elgin, Illinois. The high image, precast concrete and glass building, which was constructed in 2000, features 24-foot clear ceilings, four interior loading docks, two grade-level doors and 103 car parking spots. The building will serve as the first North American manufacturing plant for Faber‐Castell Cosmetics, headquartered in Stein, Germany.

Industrial N Illinois
Entre Commercial represents Exeter Property Group in Lake Zurich purchase

Entre Commercial represents Exeter Property Group in Lake Zurich purchase

Entre Commercial Realty represented Exeter Property Group in their purchase of a 122,048-square-foot, highly visible facility in Lake Zurich from 1300 Rose Road LLC, on behalf of Powernail. The seller, a manufacturer of tools, fasteners and accessories for the construction trade, will be leasing back approximately 65 percent of the facility on a long-term lease, while the remaining portion of the building has another tenant in place.

Industrial N Illinois
Concept Laboratories signs 120k SF lease near Midway Airport

Concept Laboratories signs 120k SF lease near Midway Airport

Colliers International I Chicago’s principal, Mike Senner, and vice president, Ned Frank, have arranged a 119,388-square-foot lease at 4920 S. Central Ave. in Chicago for Concept Laboratories Inc. The innovative designers and manufacturers of personal care and household products will move from 83,091 square feet at 4404 W. Ann Lurie Place in Chicago when the lease commences in February 2019.