Midwest
RBC Wealth Signs 310 KSF Office Lease
The company will move its employees into United Properties’ soon-to-be redesigned, 33-story tower located in downtown Minneapolis. The mixed-use project will include office space, a hotel and residential condos.
StorageMart Grows Footprint with MN Facility
The company has purchased a self-storage facility in Chaska, Minn. The property’s more than 500 storage units will also serve the communities of Shakopee.
Large Buildout Complete on 375 KSF Chicago Warehouse
Local company Principle Construction has finished substantial improvements for the tenant, which signed one of the largest recent industrial leases in the Chicago area.
Hertz Investment Snags Baltimore’s Wells Fargo Tower
Natixis provided a $29.3 million loan to the company, which used the financing to purchase the asset and fund tenant improvements and leasing commissions associated with the lease-up of the building.
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.