Industrial N Illinois
Cushman & Wakefield secures 2018’s largest industrial lease in City of Chicago at Marina Crossings

Cushman & Wakefield secures 2018’s largest industrial lease in City of Chicago at Marina Crossings

Cushman & Wakefield represented landlord Marina Crossings Owner, LLC, a joint venture between MAT Limited Partnership and institutional investors advised by J.P. Morgan Asset Management, in securing its first tenant at 2075 W. 43rd Street. First Logistics, an Illinois-based 3PL, will expand from their current facility in Alsip, Illinois to immediately occupy 331,059 square feet of the largest speculative industrial building in the city of Chicago’s since 1905.

Industrial N Illinois
Logistics Property Co. acquires 102 acres in Country Club Hills, Illinois

Logistics Property Co. acquires 102 acres in Country Club Hills, Illinois

Logistics Property Company, LLC (LPC), a Chicago-based logistics real estate platform focused on the acquisition, development and management of state-of-the-art logistics properties in key North American markets, acquired 102 acres of land in Country Club Hills, Illinois. Located at the convergence of I-57 and I-80, the project provides excellent access to two highly trafficked thoroughfares serving Chicago and the Midwest.

Industrial N Illinois
New Continuum Data Centers scoops up West Chicago data center

New Continuum Data Centers scoops up West Chicago data center

IT infrastructure service provider New Continuum Holdings Corporation, which operates New Continuum Data Center, has acquired a flagship mission critical data center, located at 603 Discovery Drive in West Chicago, Illinois. The facility, which was officially acquired in late December, was originally purpose-built as a data center by the previous owner. Post Road Group provided the senior debt financing for this transaction.

Industrial N Illinois
Where real estate intersects with technology

Where real estate intersects with technology

The importance of location to real estate is so profound, it’s usually thrice repeated. The opposite is true of our second world, the digital realm that overlays the physical, where one’s setting is mostly irrelevant. That’s why there is a growing need to merge the two, to find that place where property and technology can interface.

Industrial N Illinois
Midwest Industrial Funds acquires 218k SF property in McHenry

Midwest Industrial Funds acquires 218k SF property in McHenry

Midwest Industrial Funds recently purchased a 218,064-square-foot manufacturing and distribution building in McHenry, Illinois. Located on 20 acres at 1301 Ridgeview Drive, the building was originally developed as a manufacturing and distribution facility for Motorola and was vacant at the time of acquisition. Suzanne Serino of Colliers International represented the seller on the sale.

Industrial N Illinois
Holidays create new wrinkle for retailers: Reverse logistics

Holidays create new wrinkle for retailers: Reverse logistics

One defense of brick-and-mortar retail holds that for some goods, consumers need to hold the product in their hands or try them on. But as e-tailers have streamlined return procedures, even more shoppers are moving to online, opting to instead send unwanted items back. Thus the e-commerce disruption continues to unfold as reverse logistics becomes a trend, particularly after the holidays.

Industrial N Illinois
Industrial and logistics outlook for 2019

Industrial and logistics outlook for 2019

The country’s industrial and logistics (I&L) sector performed extremely well throughout 2018, impelled by strong market fundamentals, growth in consumer spending, business inventories and industrial production. According to CBRE’s 2019 U.S. Real Estate Market Outlook, investors, developers and users can expect more of the same in 2019.

Industrial N Illinois
Bridge Development plans first spec industrial facility in Bedford Park in over a decade

Bridge Development plans first spec industrial facility in Bedford Park in over a decade

Bridge Development Partners, LLC has acquired a former perfume manufacturing facility in Bedford Park, Illinois, with plans to immediately demolish the existing structure and construct a 219,267-square-foot, state-of-the-art distribution center called Bridge Point Bedford Park. It will be the first newly-constructed speculative industrial facility developed in the Bedford Park submarket in more than a decade.

Industrial N Illinois
Brennan Investment Group’s Elk Grove Technology Park.

Short supply to continue for Chicago's suburban industrial market

There are no signs of slowing down for industrial assets in Chicago’s suburban submarkets heading into 2019, with tenant activity driving considerable absorption and construction starts. And as demand outpaces supply, these users continue to find space shortages in many parts of Chicago, according to a new report from Brown Commercial Group, based in Elk Grove Village, Illinois.