Chicago
NKF Facilitates 2 Chicago-Area Leases for K2 Express
One of the long-term agreements represents a renewal and expansion lease at a multi-tenant, Prologis-owned building in Franklin Park, Ill. The other deal concerns an adjacent four-acre land parcel.
Chicago’s Legal Sector Contracting Office Space
Since 2016, approximately 70 percent of the large Chicago law firms that completed lease transactions downsized, according to 2018 CBRE research. Senior Vice President David Mahoney talked with CPE about the impact of this trend on the metro’s office market.
Community Healthcare Acquires 4 MOBs in Suburban Chicago
Avison Young negotiated the four-building portfolio deal on behalf of the seller, a partnership of physicians associated with Joliet Oncology-Hematology Associates.
Chicago’s Industrial Corridor Renaissance
The North Branch Industrial Corridor is part of local authorities’ Industrial Corridor Modernization Initiative, a multi-year effort to review the city’s designated industrial areas. Baker Development Corp. Principal Dan Slack spoke to CPE about how the rezoning impacts development along the Chicago River.
CBRE Brokers First Chicago-Area Lease for iHerb
The 257,344-square-foot distribution center is located in Elgin, Ill., and adds to the other facilities that the retailer occupies in California, Kentucky and Pennsylvania.
HSA Commercial Sells IL Warehouse
The 218,500-square-foot facility represents the first phase of the Delany Commerce Center and is fully leased to Eagle Foods and Trifinity Partners.
Eldorado Resorts to Add Chicagoland Casino to Growing Portfolio
The company plans to buy the Grand Victoria Casino in Elgin, Ill., a gambling venue with more than 1,000 slot machines, 30 table games and a poker room.
Plymouth Adds 2 Warehouses to IL Portfolio
The two single-tenant, Class B industrial buildings are located in Elgin and Arlington Heights and cost the buyer $15.7 million.
90 North Makes Promotions at Chicago Office
Martin Ahern and Jay Pacelli, two associate vice presidents with the company, will occupy full vice president positions within the investment and transactions teams.
NAI Hiffman Secures Anchor Tenant for Chicago Retail Center
Living Fresh Market leased approximately 70,000 square feet at Forest Park Plaza in Forest Park, Ill., bringing the shopping center to a 95 percent occupancy.