Midwest
CT Kicks Off $125M Industrial Project in Chicago
The development, Interchange 55 Logistics Park, will occupy a recently purchased 112-acre parcel, and upon completion, will add 1.3 million square feet of industrial space to the local market.
KBS Snags $88M Minneapolis Office Tower
Base Management disposed of the 523,000-square-foot Marquette Plaza, which is situated on an expansive 1.5-acre park, the largest green space in the city’s CBD.
Marcus & Millichap Completes Sale of U Storage OK
The firm represented both the seller and the buyer in the sale of the 134,318-square-foot self-storage facility, located in Edmond, a suburb of Oklahoma City.
Chicago’s Historic Wrigley Building Could Be Up for Sale
The owners, a group that includes Zeller Realty and BDT Capital Partners, have something to chew on, since the iconic Mag Mile office property may fetch more than $200 million.
Continental Partners Secures Financing for Chicago Industrial Asset
The buyer plans to reposition the Hudson Motor Building into a Class A, mixed-use property which is expected to include retail and office space.
KAI Renovates 4 St. Louis Retail Assets
The four buildings in the greater metro area have now reopened as Art Van Furniture stores, following $3.5 million in renovation work.
Ridge Acquires 11 Acres in Chicago for Spec Industrial Project
The company will break ground on the 178,516-square-foot O’Hare Gateway Logistics Center in mid-2018, with a scheduled delivery for the end of the year.
Majestic Signs 1st Tenant for WI Development
CTDI will move into more than 160,000 square feet of the distribution center, which opened in late 2016. The firm plans to hire 150 new employees in the space.
HFF Arranges $39M Loan for Chicago Hotel
The company represented the borrower, an affiliate of Arbor Lodging Partners, for the acquisition of a 398-key hotel in the Schaumburg suburb of Chicago.
Hyatt Hotels Appoints CCO
Mark Vondrasek joined the company in September 2017 as executive vice president, having previously served Starwood for almost 15 years.