Industrial X Missouri

Niagara Bottling to open production facility in Kansas City

Niagara Bottling, LLC, a family-owned manufacturer headquartered in Ontario, Canada, will open a new production facility in Kansas City, Missouri. The company will create nearly 50 jobs and invest about $68 million in a 420,000-square-foot plant under construction near the CenterPoint-Kansas City Southern Intermodal Center at the southwest corner of U.S. Highway 71 and M150.

Industrial N Illinois
Colliers arranges sale of 42-acre Elgin land for future site of spec industrial

Colliers arranges sale of 42-acre Elgin land for future site of spec industrial

Colliers International | Chicago’s Brian Kling and Reed Adler represented national developer Crow Holdings Industrial (CHI) in partnership with the California State Teachers’ Retirement System (CalSTRS) in its purchase of a 42-acre land site at 2600 Mason Road in Elgin, Illinois from an undisclosed seller. CHI will break ground in early July on Park 90 Elgin, a new three-building speculative industrial development totaling 638,000 square feet.

Industrial N Illinois
CenterPoint names Podolsky Circle exclusive leasing agent for 1 MSF industrial facility

CenterPoint names Podolsky Circle exclusive leasing agent for 1 MSF industrial facility

Podolsky Circle CORFAC International has been appointed as the exclusive leasing agent for the 992,462-square-foot industrial facility located at 900 Knell Road in Montgomery, Illinois. Podolsky Circle principal Adam Tarantur, CCIM, principal Steven Tick, SIOR and associate Austin Vanderstappen will lead the brokerage team on behalf of the owner, CenterPoint Properties.

Industrial N Illinois
180 North Meadow Road, Addison, Illinois, part of the approximately 3 million sqare feet of industrial space in IPT’s Chicago metro portfolio.

Prologis to acquire Industrial Property Trust in $4B deal

Logistics real estate giant Prologis, Inc. has signed a definitive merger agreement to acquire Industrial Property Trust Inc. (IPT). Prologis will acquire IPT's wholly owned real estate assets for approximately $3.99 billion in a cash transaction, including the assumption and repayment of debt. The transaction is expected to close by the first quarter of 2020 at the latest, following approval of IPT stockholders and other customary closing conditions.

Industrial N Illinois
Acer computer service center expands by over 50,000 SF in Lockport

Acer computer service center expands by over 50,000 SF in Lockport

The Chicago office of Duke Realty has signed a lease with Acer Service Corporation, a repair and service provider for Acer computer products, for an additional 50,570 square feet in its building located at 16508 S. John Lane Crossing in Lockport, Illinois. Acer’s expansion, coming just 16 months after its initial, 166,024-square-foot lease, the 300,494-square-foot building, known as Lockport 16508, is 72 percent occupied.