Chicago
OPI Pays $550M for Pair of Office Buildings
Located in Chicago and Atlanta, the Class A properties feature blue-chip tenant rosters.
KBS Begins $22M Renovation of Chicago Skyscraper
The revamp of the mixed-use tower will include indoor and outdoor amenities, as well as the addition of 90,000 square feet of spec office suite space.
Lion Electric Selects Metro Chicago for Manufacturing Site
Lion Electric’s facility will be the largest in the U.S. to produce zero-emission medium-duty and heavy-duty vehicles.
Distribution Realty JV Plans 2 Chicago Industrial Projects
The spec buildings will rise at a master-planned campus along the I-88 corridor in Aurora, Ill.
Top 5 Industrial Transactions
Of the more than $8 billion in industrial deals closed in the first three months of the year, the largest were concentrated around gateway markets, CommercialEdge data shows.
Aligned Breaks Ground on Chicago Data Center Campus
The 18-acre hyperscale facility in the suburb of Northlake will benefit from recently enacted tax breaks.
Industrial Realty Buys 1.5 MSF Chicago-Area Site
The developer will transform Caterpillar’s former home in Rockdale, Ill., into a multi-tenant, multipurpose industrial facility.
Element Critical’s Chicago Data Centers Land $72M Refi
The two facilities, which last traded in 2019, were originally constructed in 1982.
400 KSF Chicago Lab Building Tops Out
The project in the Fulton Market neighborhood is on track for early 2022 completion as local demand for life science space outpaces supply.
ML Realty Plans Major Chicago-Area Industrial Project
The development will feature coveted 40-foot clear heights in the O’Hare submarket, which accounted for one-third of the city’s leasing activity in the fourth quarter of 2020.