Industrial O Indiana Opus brings commerce company to Indianapolis industrial development The Opus Group announced that Greenpointe Logistics Center, a speculative industrial development in Indianapolis, has been fully leased to VMInnovations, Inc. (VMI), an electronic commerce company. The company will occupy the entire 496,416-square-foot development.
Industrial O Indiana HSA signs 68,000-square-foot lease at industrial facility in Indiana HSA Commercial Real Estate has signed a 68,175-square-foot lease with LifeNet Health at its Gateway V distribution center at 845 Airtech Parkway in Plainfield, Indiana. The 262,758-square-foot Gateway V warehouse, which is being developed on a speculative basis, is scheduled to deliver this month.
Industrial N Illinois Principle Construction completes new manufacturing space for MLE Inc. Principle Construction Corp. recently completed a 63,578-square-foot manufacturing and office facility for MLE Inc., a company that specializes in brand services including store openings, expansions, remodels, retrofits, re-openings, as well as roll outs of major marketing campaigns, signage, graphics fixtures and more.
Industrial N Illinois Venture One fund acquires three properties totaling 124,206 square feet Venture One Real Estate—through its acquisition fund, VK Industrial IV, LP, a partnership between Venture One and Kovitz Investment Group—has closed on the acquisition of 1515 Louis Avenue and 1300 Morse Avenue in Elk Grove Village, Illinois and 7500 Natchez Avenue in Niles, Illinois.
Industrial i Ohio CBRE closes 238,000 square feet of leases at Ohio industrial park CBRE has facilitated 238,202 square feet of leases in West Chester, Ohio, at the Jacquemin Logistics Center.
Industrial O Indiana Avison Young: Record-setting industrial activity hitting Indianapolis The Indianapolis market remains an attractive one to developers as 2019 moves into its second month. How attractive? A recent report from Avison Young says that developers have a record-setting 7.5 million square feet of industrial space in the pipeline for the Indianapolis area today.
Industrial N Illinois No end in sight for speculative industrial From this time last year until now, unemployment in Chicago is down and the number of construction jobs are up. The market downturn that many fear hasn’t yet reared its head. All of which means the historic run of speculative development in Chicago continues apace.
Industrial v Wisconsin Zilber closes 489,000-square-foot industrial lease in Wisconsin Zilber Property Group has secured a long-term lease with Generac Power Systems, Inc., a manufacturer of backup power generation products, to occupy 100 percent of the 489,219-square-foot industrial facility at 2900 Beloit Avenue in Janesville, Wisconsin.
Industrial X Missouri NorthPoint building 7-million-square-foot industrial park in St. Louis market NorthPoint Development has announced plans for a new 600-acre, 7-million-square-foot institutional quality industrial park in Pontoon Beach, Illinois, in the St. Louis market. Gateway TradePort will begin taking shape this March when crews break ground on the park’s lead building, Gateway TradePort 1, a 540,000-square-foot building set to deliver in early fourth quarter of this year.
Industrial W Minnesota CBRE sells technology park in Minnesota CBRE Capital Markets sold Plymouth Technology Park, a three-building, 78,558-square-foot industrial tech park in Plymouth, Minnesota, to PF Properties.
Industrial N Illinois Lee & Associates negotiates long-term industrial lease in Elk Grove Village Lee & Associates has closed a $6 million lease transaction for a 101,536-square-foot industrial building located at 2567 Greenleaf Avenue in Elk Grove Village, Illinois.
Industrial V Michigan Colliers Detroit adds industrial specialist Paul Gyarmati has joined Colliers International Detroit as vice president in the company’s industrial division.
Industrial N Illinois Logistics firms’ love affair with Chicago still going strong Conventional wisdom holds that logistics firms not only want to be in Chicago, they need to be in Chicago. The area provides access to the nation’s third largest market as well as airports, highways and intermodal facilities that can help broaden their reach.
Industrial X Missouri Cushman & Wakefield sells 596 acres of industrial land near St. Louis Cushman & Wakefield represented Landmark Development in its sale of 596 acres of developable, industrial land in the St. Louis market to Kansas City-based NorthPoint Development.
Industrial N Illinois Ram Tool to open a branch in Chicago Birmingham, Alabama-based Ram Tool Construction Supply Co. has opened a new greenfield branch in the Greater Chicago Area. Located at 5 Greenwood Avenue in Romeoville, Illinois, the store is Ram Tool’s first branch in the state.
Industrial N Illinois Logistics Property Co. acquires large infill site in Chicago Logistics Property Company, LLC (LPC) has acquired 6.4 acres of land on Chicago’s Southwest Side. Located in the McKinley Park neighborhood, one mile from I-55 and two miles from I-94, the project is only 6.5 miles from the Loop, offering true one-hour delivery to downtown Chicago.
Industrial N Illinois Lee & Associates brokers trio of industrial transactions in DuPage County Lee & Associates has brokered three industrial transactions in DuPage County, Illinois. The deals included a sale in Addison, Illinois and two leases in Hanover Park, Illinois.
Industrial N Illinois NKF represents Tigerflex in Elk Grove Village sale Newmark Knight Frank (NKF) recently represented property owner Tigerflex Corporation in the sale of 801 Estes Avenue in Elk Grove Village, Illinois. Diesel Radiator Company acquired the 59,206-square-foot manufacturing facility for an undisclosed amount.
Industrial X Missouri EDC helps Lee's Summit company expand printing capabilities Bennett Packaging in Lee’s Summitt, Missouri, one of the largest independently-owned corrugated packaging companies in the United State, has completed installation of its second high-speed, state-of-the-art digital printing press. The $4 million capital investment was made possible through a Chapter 100 Industrial Development Bond agreement.
Industrial Midwest U.S. industrial market just wrapped its busiest five-year period ever The year-end reports have been coming in, covering markets throughout the Midwest. And the news is always the same: 2018 was a record-breaking year for the industrial sector. Most impressively? It looks like 2019 will be more of the same