Industrial N Illinois
ML Realty Partners announces 372k SF building lease

ML Realty Partners announces 372k SF building lease

ML Realty Partners has leased a 371,994 square foot distribution facility to Kane is Able, Inc. at Heritage Crossing, 14630 South 147th Court in Lockport, Illinois. Kane is Able, a 3PL warehousing, transportation and supply chain logistics company, chose Heritage Crossing for this location due to many features including visibility along I-355 and the 36-foot clear height of the facility.

Industrial N Illinois
Jim McGill;CA Ventures

CA Ventures launches $500M industrial division, appoints key executive

Chicago-based CA Ventures announced an expansion of the firm’s global, multi-sector platform through the launch of CA Industrial, a new division that will pursue speculative development and acquisition opportunities throughout the U.S. Leading CA’s expansion in the sector will be CA chief development officer Sean Spellman and Jim McGill, a 24-year industrial real estate veteran who has joined the team as executive vice president of CA Industrial.

Industrial N Illinois
German manufacturer moves North American HQ to North Central Illinois

German manufacturer moves North American HQ to North Central Illinois

Fliegl, the largest manufacturer of agricultural trailers worldwide, has relocated its North American headquarter operations from Elkhart, Wisconsin to Utica, Illinois to serve dealers more efficiently. This is a central location at the Interstate 80-39 Corridor of North Central Illinois. Sharon Stead, of the Illinois European Office, and Erik Brejla of the Illinois Department of Commerce were instrumental in assisting Fliegl with their relocation.

Industrial N Illinois
Romeoville industrial building sells for $8.9 million

Romeoville industrial building sells for $8.9 million

Lee & Associates has closed an $8.9 million sale transaction for a 111,353-square-foot industrial building located at 101 Paragon Drive in Romeoville, Illinois. Jeff Galante and Terry Grapenthin, principals of Lee & Associates’ Illinois office, represented the buyer, Lakeview Realty Investors. Cushman & Wakefield represented the seller, Opus Development Company.