Industrial N Illinois Logistics Property Co. acquires 15-acre site in Addison, Illinois Logistics Property Company, LLC (LPC) has acquired 15.09 acres of land in Addison, Illinois in DuPage County. The centrally located logistics distribution hub, dubbed Swift & Lake, sits on the southeast corner of Swift Road and Lake Street—25 miles northwest of downtown Chicago,a quarter-mile from the I-355 four-way interchange and less than two miles from I-290.
Industrial i Ohio Pizzuti brings Columbus industrial building to full occupancy The Pizzuti Companies and its partner, USAA Real Estate, have announced a new lease at CreekSide XVIII in Columbus, Ohio, bringing the multi-tenant industrial building to full occupancy.
Industrial Q Kentucky MK Asset closes big deal in Louisville MK Asset Brokerage, a Chicago-based commercial real estate investment, brokerage and advisory firm, has completed transactions totaling about 500,000 square feet in Riverside, California, and Louisville, Kentucky. The value of the transactions exceeded $25 million in aggregate lease expense.
Industrial N Illinois Duke Realty leases up Lockport industrial facility The Chicago office of Duke Realty has signed a lease with 48forty Solutions, a pallet management company, for 83,720 square feet at 16508 S. John Lane Crossing in Lockport, Illinois. With this lease, Duke Realty’s three Lockport buildings, which total 802,284 square feet, are 100 percent leased.
Industrial N Illinois Westmount Realty Capital hires seasoned property manager in Chicago Commercial real estate development and investment management firm Westmount Realty Capital, LLC has hired John Humphrey as senior property manager—Chicago. Humphrey brings over 23 years of commercial real estate asset and property management experience to Westmount and will oversee the company’s Chicago-area industrial portfolio of 4.675 million square feet.
Industrial N Illinois Net lease and industrial: Two strong sectors that perform well together Throughout this record-long period of economic growth, there have been two asset classes that have performed particularly well: industrial and net lease. For investors, the two combined can yield interesting results.
Industrial N Illinois Avison Young to market 73,000 SF O’Hare industrial building Avison Young has been awarded the exclusive sale listing for a 73,249 square foot industrial flex building at 800-820 Thorndale Avenue in Bensenville, Illinois. Located on just under six acres in the O’Hare submarket, the multi-tenant building is 82 percent leased.
Industrial N Illinois NAI Hiffman reps Ketone Partners in land sale to GP Transco for future HQ NAI Hiffman represented Ketone Partners in the sale of 22.5 acres of land in Joliet, Illinois. The buyer, logistics firm GP Transco, plans to develop the site and relocate from Darien, Illinois into its new, state-of-the-art, 40,000-square-foot headquarters by Spring of 2020.
Industrial X Missouri Jones Development acquires 311,000-square-foot distribution facility in Kansas Sumner Investment LLC, a local partnership arranged by Jones Development, recently acquired a distribution and manufacturing facility in Johnson County, Kansas. The facility sits on 17.71 acres in the New Century AirCenter with close access to Interstate-35.
Industrial i Ohio Reichle Klein closes 66,000-square-foot industrial lease in Toledo Reichle Klein Group recently arranged a five-year, five-month industrial lease in Toledo, Ohio.
Industrial N Illinois Brown Commercial reps Fox Valley Containers in 33,000-SF relocation and expansion Brown Commercial Group represented Fox Valley Containers, Inc. in moving its corporate headquarters to a 33,076-square-foot industrial space at 300 Exchange Drive in Crystal Lake, Illinois. The growing packaging and container company is expanding its space from a previous 20,000-square-foot location in East Dundee, Illinois.
Industrial X Missouri Opus starts construction on spec industrial project in St. Louis The Opus Group started construction on a speculative Class-A industrial development in St. Louis at Soulard Business Park. Construction on the 155,000-square-foot modern warehouse building is expected to be complete in the second quarter of 2020.
Industrial N Illinois Meridian breaks ground on Blue Heron build-to-suit Meridian Design Build recently broke ground on a 100,560-square-foot build-to-suit for Cathay Industries on a 6.79 acre site within Abbott Land & Investment’s Blue Heron Business Park in Bartlett, Illinois. Cathay Industries is a manufacturer of synthetic iron oxide pigments.
Industrial N Illinois Entre Commercial Realty closes two deals in northwest suburbs Entre Commercial Realty has finalized two separate leases in Chicago’s northwest suburbs. They include an industrial transaction in Crystal Lake, Illinois and an industrial/office flex transaction in Schaumburg, Illinois.
Industrial N Illinois Podolsky Circle represents MedEx Ambulance Service in long-term renewal Podolsky Circle CORFAC International successfully advised and represented MedEx Ambulance Service in a 17,080-square-foot, long-term lease renewal at 1001 S. Des Plaines Street in Chicago. The ambulance transportation provider, a certified Women Business Enterprise, provides medical transportation services to hundreds of healthcare facilities throughout the Chicago area.
Industrial O Indiana Avison Young: Demand keeps rising for Indianapolis industrial space Demand for new industrial space needs to slow eventually, right? Maybe. But in Indianapolis, at least, there’s no sign of that slowdown in sight.
Industrial i Ohio Reichle Klein Group closes $1.2 million industrial sale in Ohio Reichle Klein Group recently coordinated the $1.275 million sale of an industrial flex/office building in Maumee, Ohio.
Industrial N Illinois DuPage Business Center breaks ground in West Chicago Scannell Properties’ 555 Innovation Drive in DuPage Business Center officially broke ground last week. West Chicago Mayor Ruben Pineda, DuPage County Commissioner Peter DiCianni and representatives from Peak Construction Corporation, john greene Industrial, SpaceCo, IMEG and Scannell Properties attended the groundbreaking ceremony.
Industrial N Illinois Industry leader Mike Nelligan joins C&W industrial team Cushman & Wakefield has announced the addition of Mike Nelligan, an industry veteran of over 25 years, as senior director on the Chicago industrial brokerage team. Nelligan will work on both tenant representation and agency leasing out of the company’s Rosemont office, and will focus on the O’Hare and Central DuPage submarkets.
Industrial i Ohio Cushman & Wakefield closes 145,000-square-foot manufacturing lease in Ohio Cushman & Wakefield|CRESCO professional Robert Wetzel represented global manufacturer Consolidates Precision Products in the lease of a 145,000-square-foot advanced manufacturing facility in Euclid, Ohio, bringing more than 120 new manufacturing and engineering jobs to the city.