Industrial N Illinois Avison Young negotiates 25,000-SF industrial lease in Chicago’s O'Hare market Avison Young negotiated a 25,054-square-foot industrial lease at 1260 Lunt Avenue in Elk Grove Village, Illinois. The O’Hare submarket lease brings the 50,117-square-foot building to full occupancy.
Industrial Midwest Food trucks, foosball tables and walking trails: In industrial, amenities matter On-site gyms, foosball tables, electric vehicle charging stations and cafeterias serving healthy food. These are all amenities that help companies attract the best office workers, right? Sure. But increasingly, they are also the type of amenities offered at warehouses and distribution centers.
Industrial v Wisconsin Zilber wraps development of pair of industrial facilities near Milwaukee Zilber Property Group compelted development of two speculative industrial facilities totaling more than 400,000 square feet in Germantown, Wisconsin, a northwest submarket of Milwaukee. The two facilities, each totaling about 200,000 square feet, will be constructed in the newly developed Germantown Gateway Corporate Park, which is anchored by a 706,000-square-foot distribution facility for Wauwatosa-based Briggs & Stratton Corporation.
Industrial X Missouri Colliers International closes several big deals in St. Louis market Colliers International recently closed several transactions in the St. Louis market.
Industrial P Kansas First tenants move into Opus' spec industrial facility in Kansas The Opus Group recently announced that Gateway Classic Cars and Lanter Delivery Systems, Inc. as the first tenants in the recently completed speculative warehouse and distribution building at 56 Commerce Center. Located in Olathe, Kan., Gateway Classic Cars and Lanter moved into 56 Commerce Center earlier this year and now occupy more than 85,000 square feet in the 230,000-square-foot industrial building.
Industrial X Missouri Kadean to handle build-out work for Kansas City industrial building Kadean Construction has been awarded the interior build-out for developer Trammell Crow Company of a new 202,800-square-foot building at KCI Intermodal BusinessCentre, a distribution and logistics park adjacent to Kansas City International Airport in Kansas City, Missouri.
Industrial N Illinois A potential market slowdown hasn’t dampened Chicago’s industrial sector yet With over 14,000 buildings and more than 1.1 billion square feet of real estate, Chicago has been one of the nation’s brightest spots for industrial activity during this cycle. The same held true last quarter, though the market may experience a slower pace as the year goes on.
Industrial N Illinois Old World Industries signs I-55 lease with Duke Realty for 354,400 SF The Chicago office of Duke Realty Corporation recently signed a lease with Old World Industries, an automotive and chemical company, to occupy all of Crossroads Parkway 605. Located at 605 West Crossroads Parkway in Bolingbrook, Illinois, the 354,400-square-foot building is one of 14 Duke Realty-owned buildings totaling 4.3 million square feet in the I-55 submarket.
Industrial v Wisconsin Hillwood acquires pair of logistics facilities in Wisconsin Hillwood has acquired two fully occupied logistics facilities totaling 338,000 square feet and 58 acres of vacant land that are part of Grandview Business Park in Yorkville, Wisconsin, in the Kenosha/Racine submarket of Chicago.
Industrial N Illinois The Missner Group announces one new lease, two renewals in O'Hare submarket The Missner Group announced one new lease and two lease renewals, totaling close to 23,000 square feet for the first quarter of 2019. One renewal is for the firm’s Touhy Industrial Plaza, located at 500 E. Touhy Avenue in Des Plaines, Illinois. The new lease and second renewal is for their newly acquired property at 901-929 AEC Drive in Wood Dale, Illinois.
Industrial N Illinois Transwestern Investment Group sells 100,000+ SF industrial portfolio Transwestern Investment Group (TIG) sold a 108,554-square-foot industrial portfolio on behalf of the Diversified International Partners Fund. Boston-based High Street Realty Co. acquired the two logistics facilities in Lake County, Illinois, for an undisclosed price. Michael Caprile, Ryan Bain and Zachary Graham of CBRE provided disposition services.
Industrial v Wisconsin Hillwood expands Midwest industrial portfolio with acquisition in Racine County Hillwood, a Perot company, has acquired two fully occupied logistics facilities totaling 338,000 square feet and 58 acres of vacant land that are part of Grandview Business Park in Yorkville, Wisconsin, in the Kenosha/Racine submarket of Chicago.
Industrial N Illinois Technology supplier expands and relocates with long-term lease Entre Commercial Realty has completed a lease of 34,229 square feet at 220 Exchange Drive within the Crystal Lake Business Center in Crystal Lake, Illinois. MDG Computer Services Inc. (d/b/a 5GStore.com)—a supplier of Wi-Fi, networking and cellular technology solutions—entered into a long-term lease where it will nearly quadruple in size to accommodate its growing business.
Industrial N Illinois Two Podolsky Circle brokers honored with CORFAC International awards CORFAC International announced the winners of the 2018 COR$TAR awards, celebrating firms and individuals with superlative success in serving multi-market clients through network transactions. Coming away with awards were two individuals from Des Plaines, Illinois-based Podolsky Circle/CORFAC International, Steve Podolsky, SIOR and Steve Tick, SIOR.
Industrial N Illinois Ridgeline Property Group to develop logistics center in Melrose Park Ridgeline Property Group will develop Chariot Logistics Center, a three-building, 623,000-square-foot industrial project, in Melrose Park, Illinois. Designed by Harris Architects and Kimley-Horn, the project will be constructed by Krusinski Construction with a scheduled completion of fourth quarter 2019.
Industrial N Illinois There’s no stopping the ever-growing warehouse If Gulliver were to travel through modern America’s real estate landscape, he might note the Lilliputian market share of the retail sector—and the corresponding Brobdingnagian nature of warehouse and logistic facilities. And it’s not just market share as industrial buildings themselves grow in size every year.
Industrial V Michigan L. Mason Capitani closes 16,000-square-foot industrial sale in Michigan L. Mason Capitani CORFAC International closed the sale of an industrial building at 51255 Oro Drive in Shelby Township, Michigan.
Industrial L Iowa R&R Realty celebrates opening of spec warehouse near Des Moines Leaders from R&R Realty Group and the Grimes Chamber of Commerce in Grimes, Iowa, last week cut the ribbon on Prairie III, the Des Moines metropolitan area’s newest speculative warehouse.
Industrial N Illinois ML Realty Partners acquires industrial property near O'Hare Patrick Shannon, senior vice president of ML Realty Partners, announced the acquisition of an industrial building at 701 Devon Avenue in Elk Grove Village, Illinois. The building is 218,000 square feet and features heavy power, 16 exterior docks and 24-foot clear height.
Industrial O Indiana Opus attracts first tenant to River Ridge Commerce Center near Louisville The Opus Group recently announced that Denso Products and Services Americas, Inc., an automotive parts manufacturer, has signed a lease for Opus’ completed industrial building in River Ridge Commerce Center in Jeffersonville, Indiana. Denso will occupy 311,483 square feet of the 426,450-square-foot industrial building.