Industrial N Illinois Marcus & Millichap arranges sale of Bloomington, IL self-storage facility Marcus & Millichap facilitated the sale of U-Lock-It Mini Storage, a 553-unit self-storage facility located in Bloomington, Illinois, according to Steven D. Weinstock, regional manager and first vice president of the firm’s Chicago Oak Brook office. Terms of the transaction were not disclosed.
Industrial O Indiana Sturges Property Group closes several deals in Fort Wayne area Andrew Eckert of Sturges Property Group recently represented the Seller, Gregory Bolin, in the sale of a 1,308-square-foot commercial building on 0.6 acres at 1655 N. Wells St. in Fort Wayne, Indiana.
Industrial N Illinois Darwin Realty reps tenant and landlord in 174,178-SF Bensenville lease Darwin Realty facilitated a lease between Axis Warehouse Management and CenterPoint Properties for the third party logistics company’s new, 174,178-square-foot space at 500 Country Club Drive in Bensenville, Illinois.
Industrial P Kansas NorthPoint starts work on largest spec industrial facility in Kansas NorthPoint Development has broken ground on a new distribution center at Logistics Park Kansas City in Edgerton, Kansas. The property, Inland Port VII, will encompass 952,956 square feet of industrial space at the southeast corner of 185th and Waverly Road. Upon completion in April 2020, Inland VII will be the largest spec industrial building ever built in the state of Kansas.
Industrial N Illinois Chicago's transportation and logistics space still a national leader For the 180+ attendees at last Friday’s annual Transportation and Logistics Conference, there was a lot of information to take in on the most dynamic sector in one of the most active markets. The speakers at the conference—the 16th one hosted by Chicago Industrial Properties—covered a lot of ground during the morning event.
Industrial N Illinois TradeLane Properties acquires 250,000-SF warehouse in Bridgeview, IL TradeLane Properties has closed on the acquisition of TLP Bridgeview Logistics Center, a 254,425-square-foot industrial building on 20+ acres located at 7557-7575 S. 78th Avenue, Bridgeview, Illinois. Steve Connolly, Larry Much and Drew Bulson of NAI Hiffman brokered the deal and Greenberg Traurig, LLP, CIBC Bank USA and Fidelity National Title further assisted in this transaction.
Industrial Midwest Cushman & Wakefield: Industrial market setting all kinds of records The U.S. industrial market is on pace to absorb more than 200 million square feet of space for the sixth consecutive year, according to the latest research from Cushman & Wakefield.
Industrial v Wisconsin Dickman Company closes 25,000-square-foot industrial lease in Wisconsin The Dickman Company, Inc./CORFAC International closed a lease between landlord House 10, LLC and tenant Hanes Companies for 25,000 square feet of industrial/office space at W130 N8675 Old Orchard Road in Menomonee Falls, Wisconsin.
Industrial N Illinois Missner Group and Timber Hill Group parking facility in Melrose Park The Missner Group and Timber Hill Group have completed a new 12.5-acre overnight truck parking facility in Melrose Park, Illinois. The development is situated at 2100 N. 15th Avenue, along Armitage Avenue in the O’Hare Cook County submarket of Chicago.
Industrial V Michigan REDICO closes on partnership for Ann Arbor business park REDICO, a national, full-service real estate development and investment company, closed its partnership with the Avis Family on the Avis Farms South development in Ann Arbor, Michigan.
Industrial N Illinois Construction begins on final phase of Bridge Point North in Waukegan Bridge Development Partners and PREMIER Design + Build Group have officially broken ground on Phase III of the Bridge Point North project in Waukegan, Illinois. Phase III will consist of four new buildings, totaling 918,972 square feet, and will be the final addition to the 225-acre, master-planned Bridge Point North campus that Bridge has been actively developing since 2015.
Industrial N Illinois Venture One, USAA Real Estate break ground on spec infill logistics facility A joint venture between Venture One Real Estate and USAA Real Estate celebrated the groundbreaking of One North Ave, a 151,200-square-foot, infill logistics facility located at 1 North Avenue, in Glendale Heights, Illinois. The building is scheduled for delivery the second quarter of 2020.
Industrial i Ohio STREAM closes sales and leaseback of industrial facility in Cleveland STREAM Capital Partners, LLC has arranged the sale and leaseback of an industrial facility in Cleveland, Ohio.
Industrial P Kansas Newmark Grubb Zimmer closes sale of Overstock.com-occupied warehouse Newmark Grubb Zimmer’s president and chief executive officer Mark Long and managing director John Hassler closed the sale of a 517,391-square-foot industrial building in Kansas City, Kansas.
Industrial N Illinois TradeLane Properties hires Tim Hauert as director of construction TradeLane Properties has appointed Tim Hauert as director of construction. In this role, Hauert will oversee all aspects of redevelopment, tenant improvements, capital projects and development for TradeLane Properties’ growing portfolio.
Industrial N Illinois Colliers represents Pacific Surfaces in 40,000-SF lease in Elk Grove Village Colliers International | Chicago’s John D’Orazio represented India-based Pacific Surfaces LLC in its 40,000-square-foot lease at 1300 Mark Street in Elk Grove Village, Illinois. The granite distributor has maintained a sales office in Chicago for years but this is the firm’s first warehouse/distribution center in the U.S.
Industrial X Missouri NAI Hiffman closes sale-leaseback of Missouri manufacturing facilities NAI Hiffman completed a sale-leaseback transaction on behalf of Young Innovations, Inc., a global manufacturer and distributor of consumable dental supplies and equipment. The assets, which sold for $17.1 million, include the company’s 95,000-square-foot headquarters building at 2260 Wendt St. in Algonquin, Illinois, as well as the firm’s three manufacturing and distribution facilities totaling 117,400 square feet in Earth City, Missouri, a suburb of St. Louis.
Industrial N Illinois Chicago industrial market charges ahead It seems developers can’t bring industrial supply to market fast enough. Despite the incredible amount of activity, the Chicago-area vacancy rate declined yet again in the third quarter.
Industrial V Michigan Industrial absorption in Detroit doubles amount of two previous quarters The Detroit industrial market is showing no signs of a slowdown, according to the latest research from CBRE.
Industrial v Wisconsin Colliers brings industrial building in Wisconsin to full occupancy Mak Wood has renewed and expanded to 11,414 square feet of industrial space and MPI Coin has leased 8,533 square feet at 1235 Dakota Drive in Grafton, Wisconsin.