Midwest
Center Core Buys Chicago-Area Office Campus
HFF closed on the transaction of Corporetum Office Campus VI, a two-building asset located West of Chicago in Lisle, Ill. It also secured a financing loan of $9.5 million for the buyer.
GATX Moves to Chicago’s Willis Tower
NKF’s Vice Chairman Melissa Copley negotiated the 90,000-square-foot lease at Chicago’s iconic tower. The tenant will relocate its global headquarters from 222 W. Adams St.
Flex-N-Gate Adds Office Space Near Detroit
The company signed a five-year lease for 24,165 square feet of office space within the Liberty Place corporate campus in Sterling Heights, Mich.
Sealy Acquires 650 KSF Ohio Distribution Facility
The owner, Exel Inc., sold the property to Sealy in a $40 million deal, marking the second time in three months the property changed hands.
Allianz Secures Naming Rights for MLS Stadium
The owners of the Minnesota United FC soccer team have chosen the global life insurance giant—which has local roots in the state—as the sponsor for the new $200 million arena in St. Paul.
Development Boom Tempers Chicago Rent Growth
The city is preparing to receive a record level of new deliveries, with more than 8,000 units expected to come online this year, Yardi Matrix data shows.
Chicago PNC Bank Changes Hands for $4 Million
The buyer, a Canadian investment group, paid almost full price for the 7,500-square foot asset located in North Side Chicago. Marcus & Millichap negotiated the transaction on behalf of both parties involved.
Irvine Leases 300 KSF+ of Office Space in Downtown Chicago
More than 20 lease agreements were inked at three Chicago trophy towers: One North Wacker, 300 North LaSalle and 71 South Wacker.
CBRE Secures $27M Loan for Minneapolis Hotel
The developer plans to build in downtown Minneapolis as part of a block of development that includes an apartment tower, brewery and its own new headquarters.
WPG to Revamp Indiana Mall
Washington Prime Group intends to spend $17 million on the transformation of Markland Mall into a hybrid shopping center, which incorporates both enclosed and open air spaces.