Industrial N Illinois The robot uprising: Warehouses to intensify automation efforts Staying competitive in the on-demand economy is difficult enough, and labor shortages only exacerbate this pressure. As e-commerce companies look for the next edge, most are eager to install more automated processes into their warehouses in the next five years—even if they are unsure of how to go about that.
Industrial N Illinois SEDCO Capital purchases FedEx distribution center in Niles SEDCO Capital, a Saudi Arabian Asset Manager, has purchased a FedEx Ground-leased distribution facility in Niles, Illinois, a northern suburb of Chicago. The property was purchased via a separate account managed by ElmTree Funds, LLC, a real estate private equity firm based in St. Louis.
Industrial Q Kentucky Dermody acquires 17 acres for future warehouse near Louisville airport Dermody Properties has acquired 17.1 acres near the Louisville Muhammad Ali International Airport (SDF) from the Louisville Renaissance Zone Corporation. The site is located in the Renaissance South Business Park, which was created by the LRZC on 680 acres of land located within two miles of SDF, two interstate highways and a major rail line.
Industrial N Illinois Brian Carroll joins JLL Chicago's industrial team JLL announced the addition of commercial real estate expert Brian Carroll to its Chicago industrial team. Carroll has dedicated nearly 30 years serving the Chicago industrial market.
Industrial N Illinois Brown Commercial Group negotiates 30,227-SF industrial sale Brown Commercial Group negotiated a 30,227-square-foot industrial building sale in Chicago’s western suburbs. Senior broker Jim Pietrarosso represented Foderaro Investment Partnership Corp. in selling the building at 31w222 W. Bartlett Road in Bartlett, Illinois. Financial terms were not disclosed.
Industrial N Illinois Machine tool distributor Yamazen relocating to seven-acre Elk Grove Village property CBRE recently represented National Roofing Contractors Association in the sale of a vacant, seven-acre site at the Northwest Point Office Park in Elk Grove Village, Illinois to Yamazen, Inc. Yamazen will relocate its headquarters to the new location, 111 Northwest Point Boulevard.
Industrial N Illinois Stormwater detention: The new convention There is one unifying concern on every industrial project that goes up in Chicago, whether it be a redeveloped infill warehouse or a new million-square-foot logistics center: water. Every site must include stormwater mitigation into the design to meet strict environmental regulations.
Industrial v Wisconsin Lee & Associates sells 196,000-square-foot industrial building in Wisconsin Lee & Associates has closed a sale transaction in LakeView Corporate Park for a 196,400-square-foot industrial building at 10550 86th Ave. in Pleasant Prairie, Wisconsin.
Industrial N Illinois Lee & Associates of Illinois negotiates industrial lease in West Chicago Lee & Associates has closed a lease transaction for a 8,162-square-foot industrial suite located at 770 Hawthorne Lane in West Chicago, Illinois. Terms of the transaction were not disclosed.
Industrial N Illinois CTL Global inks lease on new 248,000-SF facility in Elmhurst CTL Global, a Chicago-based logistics and fulfillment company, will be expanding into a 248,000-square-foot warehouse/distribution facility, located at 1000 N. County Line Road in Elmhurst, Illinois. Colliers International represented the property owner, Black Creek Group and CTL was represented by Cresa.
Industrial i Ohio Cushman & Wakefield helps wholesale supplier expand Sandusky HQ Cushman & Wakefield|CRESCO professional Brian Smith represented wholesale supplier K&K Interiors in the acquisition of the industrial building at 4101 Venice Road in Sandusky, Ohio. Founded and headquartered in Sandusky, K&K is one of the country’s largest wholesale suppliers.
Industrial N Illinois Venture One fund snaps up 82,000-SF 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 the acquisition of a 82,242-square-foot, two-building industrial portfolio located at 1200 Karl Court and 1210 Karl Court in Wauconda, Illinois. Both properties were vacant at acquisition.
Industrial N Illinois Colliers brokers sale of 8-acre Elk Grove Village site for future spec warehouse Colliers International | Chicago has brokered the sale of an 8.28-acre site located at 550 Devon Avenue in Elk Grove Village, Illinois. Colliers’ Tom Rodeno and Jonathon Kohn represented the seller, Terry Bolger, as well as the buyer, CA Ventures, in the transaction. The deal marks CA Ventures’ first foray into the Chicago industrial real estate market.
Industrial p Tennessee STREAM closes $7 million sale of Nashville warehouse STREAM Capital Partners, LLC recently represented a Nashville-area seller in the $7.7 million sale of a short-term leased warehouse in the Nashville metropolitan area.
Industrial N Illinois CBRE to market rebranded industrial project, Elion Logistics Park 55 Elion Partners has retained CBRE as the exclusive listing agent for Elion Logistics Park 55 (ELP 55), a 2,500-acre, rail-served industrial park. Located 40 miles southwest of Chicago in Wilmington, Illinois, ELP 55 offers three miles of frontage and a complete interchange on I-55, rail service via BNSF’s Transcontinental Mainline and potential for more than 30 million square feet of product.
Industrial O Indiana Stan Johnson Company closes $7 million industrial sale in Indianapolis Stan Johnson Company recently completed the sale of a single-tenant industrial facility in Indianapolis. Leased to EnerDel, the 95,940-square-foot Class-A manufacturing building is located at 8740 Hague Road.
Industrial N Illinois Pharma Logistics breaks ground on new Libertyville location Pharmaceutical distributor Pharma Logistics broke ground on a new facility on North Butterfield Road in Libertyville, Illinois. Principle Construction is serving as the general contractor on the project and Harris Architects provided design services. Construction on the building is expected to be completed in early 2020.
Industrial Midwest STREAM Capital Partners closes sasle of Midwest food production facilities STREAM Capital Partners, LLC, recently arranged the sale and leaseback of four refrigerated, food production and distribution facilities in Boston and the Midwest.
Industrial N Illinois STREAM Capital Partners executed two sale-leasebacks totaling $49M STREAM Capital Partners, LLC has arranged two sale and leaseback transactions. The first was a four-property portfolio of refrigerated, food production and distribution facilities in Boston and the Midwest. STREAM also handled the sale-leaseback of a 240,000-square-foot industrial packaging facility in west suburban Chicago.
Industrial v Wisconsin Silgan to fill 525,000 square feet at Zilber spec industrial building in Kenosha Silgan Containers has signed a lease to occupy 525,000 square feet at Zilber Property Group’s recently completed speculative industrial facility in Kenosha, Wisconsin. Silgan will occupy the entire Zilber Industrial 1 building at Kenosha Corporate Park for its manufacturing and distribution operations.