Industrial V Michigan Friedman sells 28,000-square-foot industrial building in Michigan Friedman Real Estate recently sold a 28,900-square-foot industrial building at 3000 Middlebelt Road in Inkster, Michigan.
Industrial N Illinois New logistics real estate platform, Logistics Property Co., launches in Chicago Logistics Property Company, LLC (LPC), a newly formed logistics real estate platform focused on the acquisition, development and management of modern logistics properties in key North American markets, today announced its launch. The management team of LPC has partnered with Macquarie Capital Real Estate Investments (MREI) on the formation of the platform.
Industrial i Ohio Industrial Property Brokers helps church find new space in Ohio Industrial Property Brokers principal Tim Echemann represented the seller and buyer of a 7,290-square-foot flex facility in Troy, Ohio. Gospel Community Church purchased the facility.
Industrial N Illinois IKEA celebrates grand opening of Midwest distribution center in Joliet IKEA, the world’s leading home furnishings retailer, opened the doors of its Midwest distribution center to serve the inventory needs of stores throughout the Midwestern U.S., as well as customer fulfillment of online orders. The 1.25-million-square-foot distribution center was built on a 72-acre property located at the Laraway Crossings Business Park, 48 miles southwest of Chicago. Gray Construction built the facility and acted as project designer.
Industrial c Nebraska R&R Realty Group celebrates ribbon-cutting for first warehouse in Omaha area R&R Realty Group cut the ribbon yesterday on its first building in the Omaha area. Warehouse 1, located at the intersections of Gold Coast Road and Highway 50, is the first warehouse to be completed within R&R Commerce Park in Sarpy County, Nebraska.
Industrial O Indiana Zacher Company negotiates 348,400-square-foot lease in Fort Wayne Steve Zacher of The Zacher Company represented both the landlord and tenant in the lease of 348,400 square feet of industrial space at 3405 Meyer Road in Fort Wayne, Indiana.
Industrial O Indiana Cushman & Wakefield handling leasing for new industrial building in Indiana Cushman & Wakefield announced that Westfield, Indiana, is gaining a large, speculative industrial building that Jackson Development will open in October of this year. Westfield Business Centre, 17001-17075 Oak Ridge Road, is 133,154 square feet, and the owner plans to build out the office and square footage of each unit to the design and specifications of the tenants.
Industrial N Illinois Why the cold shoulder for cold storage? The unprecedented growth of the industrial sector over the last decade has brought numerous changes to the real estate landscape. And with no signs of e-commerce letting up, one should expect investment and development of fulfillment/warehouse space to continue unabated for some time.
Industrial v Wisconsin The Dickman Company sells five parcels in Milwaukee The Dickman Company, Inc./CORFAC International recently closed the sale of five parcels consisting of 26,330 square feet on 6.59 acres at 4653 W. Electric Avenue, 4701A; 4701B W. Electric Avenue; and 4525 W. Burnham Avenue in Milwaukee.
Industrial N Illinois Dayton Street Partners acquires 172k SF flow-through facility in Alsip Dayton Street Partners (DSP), together with an institutional investor, has acquired a 172,000-square-foot, state-of-the-art cross-dock truck terminal at 12161 S. Central in Alsip, Illinois from Experior Transport, who will lease the facility for the next 15 years. Holliday Fenoglio Fowler (HFF) arranged the $31.5 million in capital for the purchase.
Industrial N Illinois Lee & Associates negotiates two North American HQ transactions Lee & Associates recently completed two transactions involving new North American headquarter facilities which will incorporate manufacturing/assembly into their new U.S. operations. In both transactions, the clients are moving a portion of their manufacturing/assembly operations from Europe to Illinois. The combination of the strong skilled U.S. workforce and vibrant economy was attractive to these companies.
Industrial N Illinois DuPage Airport Authority welcomes three new companies to DuPage Business Center Officials from the DuPage Airport Authority (DAA), along with NAI Hiffman, DuPage County and the City of West Chicago, hosted a celebratory groundbreaking ceremony Wednesday to mark three new developments at the 800-acre DuPage Business Center in West Chicago, bringing jobs and impactful economic development to the area.
Industrial N Illinois Meridian and Venture One begin construction on Chicago distribution facility Meridian Design Build recently commenced construction on a 174,536-square-foot, speculative, multi-tenant industrial facility for Venture One Real Estate and USAA Real Estate Company. Rockwell Logistics Center is being constructed on a redevelopment site strategically located at 2545 W. 24th Street in the Pilsen neighborhood, less than 1.5 miles from I-55 and within 5 miles of the Loop.
Industrial N Illinois Venture One adds more than 107k SF to its industrial portfolio Venture One Real Estate, through its acquisition fund, VK Industrial IV, LP, a partnership between Venture One and Kovitz Investment Group, has closed on two separate industrial transactions in the Chicago market: a 51,682-square-foot, two building acquisition in Mundelein and a 55,565 square foot building in Addison.
Industrial X Missouri Industrial market still thriving in St. Louis, but is a slowdown on the way? Like most big cities across the Midwest, St. Louis enjoys a thriving industrial market. But two industrial professionals working in this city agreed that this sector, while still strong, is in a bit of a slowdown today.
Industrial N Illinois Chicago construction starts increase dramatically Is the dearth of new supply during the third quarter of 2018—the lowest quarterly total since 2015—a sign of a downturn? According to the latest research update from Colliers International, it’s much more likely to be the calm before the storm as construction starts increased dramatically this quarter.
Industrial X Missouri Overstock.com to bring more than 100 jobs to Kansas City market Overstock.com, an online home goods and furniture retailer, will open a new distribution center in Kansas City, Kansas. The new facility, at 5300 Kansas Ave., will total 517,000 square feet.
Industrial O Indiana Bradley Company broker closes two industrial transactions in Fort Wayne Steve Chen with Bradley Company recently closed a pair of transactions in Fort Wayne, Indiana.
Industrial N Illinois Leasing momentum at Regent O’Hare continues with five transactions NAI Hiffman announced the completion of five transactions at the Regent O’Hare Business Center. NAI Hiffman vice president Terry Herlihy represented ownership of the Elk Grove Village, Illinois business park—a joint venture between Distribution Realty Group and EverWest Real Estate Investors—in the transactions totaling 78,847 square feet.
Industrial N Illinois Chicago positioned to capture new, large data center users Nationally, large cloud users are driving up demand and absorption of data centers. New supply within Chicago, the third-largest data center market in the country, has positioned the city to capture large, new users.