Midwest
Distribution Realty, EverWest Plan Chicago-Area Spec Warehouse
The industrial property will contain nearly 200,000 square feet in Chicago’s O’Hare submarket. JLL’s Sam Durkin and Dominic Carbonari will market the asset.
601W Cos. Buys Chicago’s Sullivan Center Office Space for $176M
JLL’s Capital Markets group handled the sale and arranged acquisition financing for the New York City-based company, which purchased the property from a joint venture of KKR and Madison Capital.
601W Cos. Welcomes New Tenant at Chicago’s Aon Center
The Telos Group represented the landlord in closing a lease with Kemper Corp. for two floors. This marks the first major deal since the tower’s renovation started.
Cleveland-Cliffs Breaks Ground on $700M Toledo Plant
The facility is scheduled to start operation by the summer of 2020 and create 130 new jobs. Construction of the project, situated at the Ironville Terminal in the Port of Toledo, is expected to generate an additional 1,200 jobs.
Chicago, Airlines Ink $8.5B Expansion at O’Hare
The deal marks the largest capital expansion in the airport’s history, as well as the first major terminal improvement project in 25 years.
CubeSmart To Open in Chicago
The 65,000-square-foot facility is situated in Chicago’s commercial and retail corridor, alongside Touhy Avenue. CubeSmart will manage the property on behalf of the owner, Bloomfield Capital.
High Street Realty Buys Chicago Industrial Portfolio for $86M
JLL’s Capital Markets team facilitated the transaction, which included 11 institutional-quality, value-add properties totaling nearly 1.2 million square feet.
Packard Hospitality to Renovate, Reflag IL Hotel
Springfield’s State House Inn is situated two blocks north of the Capitol and is anticipated to open for business in September.
Panattoni Breaks Ground on 815 KSF Warehouse in TN
The build-to-suit facility, which is fully preleased to Dorman Products, is scheduled for completion by the end of the year.
Ventas Taps New EVP Office, President of Lillibridge Healthcare
Peter Bulgarelli will lead the company’s integrated 25 million-square-foot ambulatory medical office building and university-based life science portfolio.