Chicago
Cushman & Wakefield Negotiates Chicago Lease for Publicis
The new agreement includes a 50,000-square-foot expansion for the advertising company, whose office in the Central Loop now spans 681,545 square feet.
Skender Breaks Ground on Hyatt House Hotel in Chicago
Sterling Bay is developing the project at 105 N. May St., which will be the first extended-stay lodging property in the city’s Fulton Market neighborhood.
NAI Hiffman Brokers Industrial Lease in Chicago’s Central DuPage
The tenant of the 74,678-square-foot property is Christian Art Gift, a manufacturer of religious books and gifts, which has been occupying the building since 2012.
CBRE Facilitates Chicago Retail Lease
Senior Vice President Joe Parrott represented the management of Marshfield Plaza, a 452,935-square-foot shopping center located in the city’s South Side.
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.