Chicago
West Loop Self-Storage Assets Trade for $14M
The sale of the buildings, totaling 60,000 square feet, was mediated by SVN Chicago Commercial. Extra Space Storage occupies all three structures.
Cush & Wake Tapped to Market Chicago Industrial Park
The first building in Cherry Hill Business Park, an upcoming 500-acre industrial development in Joliet and New Lenox, Ill., is slated for delivery later this year.
Illinois Bone & Joint Institute Embarks on Renovation Project
The Missner Group will conduct the improvement works at the healthcare facility. The 2,900-square-foot space expansion will include a new physical therapy gym, private therapy suites, a modernized reception area and upgraded bathroom facility.
Opus Finalizes MC Machinery’s HQ
Construction at the new 175,000-square-foot corporate campus in Elk Grove Village, Ill. began last year in April. The facility offers a variety of spaces designed for office, showroom and warehouse use.
Marcus & Millichap’s IPA Taps National Director
Kenneth Szady has been involved in more than $9 billion in office, industrial and other property investment transactions. He previously held positions at NGKF, Cushman & Wakefield, Trammell Crow Co. and JLL.
Avison Young to Market Chicago Industrial Portfolio
The four buildings are located on a contiguous 10.3-acre site in Mount Prospect, Ill., and offer a total of 190,000 square feet of warehouse space.
Chicago CBD Asset Changes Ownership After 22 Years
Baum Realty Group brokered the sale of a boutique, mixed-use building at 6-8 S. Clark St., which has been under Wendy’s ownership since 1995.
Ivanhoé Cambridge JV Buys Chicago Office Tower
The company and its partner, Callahan Capital Properties, paid $145 million to acquire the 576,000-square-foot high-rise at 125 S. Wacker Drive in the city’s West Loop neighborhood.
Chicago’s Molto Properties Welcomes New VP
Kevin Scott will be responsible for finding investment opportunities and executing industrial real estate developments in the Chicago area.
Bridge, Premier Team Up to Build Distribution Facilities
The two buildings which will replace Schiller Park’s former bakery are slated for completion by the end of this year’s second quarter.