Industrial N Illinois
Libertyville building addition nets lease expansion for Midwest Industrial Funds

Libertyville building addition nets lease expansion for Midwest Industrial Funds

Midwest Industrial Funds recently completed a 118,000-square-foot lease extension and building expansion at 1200 Technology, Libertyville, Illinois. The existing 84,000-square-foot building and a new 34,000-square-foot addition were leased long term to MBX Systems who currently uses the property to house its headquarters, high tech production and distribution operations. MBX has been a tenant at the property since 2012.

Industrial N Illinois
NKF brokers sale-leaseback of 120,000-SF industrial property in Aurora

NKF brokers sale-leaseback of 120,000-SF industrial property in Aurora

Newmark Knight Frank (NKF) facilitated the sale-leaseback of 1175 S. Frontenac Street, an 120,000-square-foot industrial property in Aurora, Illinois. NKF senior managing directors Elise Couston, SIOR and Adam Marshall, SIOR, CCIM represented the seller, design studio Embossed Graphics, Inc. who will be leasing the property from the buyer, Exeter Property Group, a real estate investment manager.

Industrial N Illinois
Bridge Point Northlake, Northlake, Illinois.

Bridge, PGIM form $150M JV to acquire and develop cold storage properties across the U.S.

Bridge Development Partners and PGIM Real Estate, the global real estate investment management business of Prudential Financial, Inc., have launched a $150 million national cold storage investment program, targeting $400 million in assets. This programmatic joint venture will seek value-add returns through the development of Class A cold storage facilities, as well as the acquisition and repositioning of Class A/Class B cold storage developments across the country.

Industrial N Illinois
Dayton Street Partners signs Cofair Products to lease in Morton Grove

Dayton Street Partners signs Cofair Products to lease in Morton Grove

Dayton Street Partners has executed a lease at 6123 Monroe Court in Morton Grove, Illinois with Cofair Products, Inc. Cofair will occupy approximately 30,000 square feet of the warehouse/distribution facility which is located in the Eden’s industrial corridor. The new space represents an expansion and consolidation of the company’s three Skokie, Illinois, locations. The lease commences in February 2020.

Industrial N Illinois
Illinois' largest marijuana cultivation facility yields first harvest

Illinois' largest marijuana cultivation facility yields first harvest

Cresco Labs, a vertically integrated, multistate cannabis operator, has completed the first harvest from its expanded cultivation facility in Lincoln, Illinois. With the recent growth of the state’s medical market and adult-use legalization going live on January 1, 2020, Cresco has been scaling operations to be able to accommodate what is expected to be one of the largest cannabis markets in the country.

Industrial N Illinois
Self-storage site sells in Collinsville, IL

Self-storage site sells in Collinsville, IL

Marcus & Millichap facilitated the sale of Stowaway Self Storage, a 44,038-square-foot self-storage facility located in Collinsville, Illinois, according to Steven D. Weinstock, regional manager and first vice president of the firm’s Chicago Oak Brook office. Terms of the transaction were not disclosed.