Regions
CBRE Arranges Office Lease for Illinois Labor Union
Local 881 United Food and Commercial Workers plans to move its headquarters from Rosemont, Ill. to a new space of 18,890 square feet in Des Plaines, Ill., in early 2019.
Edsal Sandusky Buys 168 KSF Chicago Warehouse
Cushman & Wakefield represented the buyer, the property’s anchor tenant, while Avison Young’s Principal John Moysey worked on behalf of the property owner.
Alexander & Baldwin Expands Hawaii Industrial Portfolio
The five buildings, part of an industrial campus located in Kailua-Kona, were 94 percent occupied at the time of the transaction.
Passco Creates Corporate Marketing VP Role
With more than a decade of commercial real estate experience, Stacy Stemen will oversee all aspects of marketing, public relations, special events, conferences and business development for the firm.
Mane USA Finds New Home in NJ
The French fragrance and flavor firm acquired a 102,000-square-foot building in Parsippany, N.J. from Prism Capital Partners and The Davis Cos. The firm plans to relocate there from its headquarters in Wayne, N.J.
JCR Capital Launches Fourth Fund
Fund IV will focus on middle-market properties valued at $50 million or less in the multifamily, industrial and office sectors, as well as some retail.
Hilton Adds Global Head of Full-Service Brands
Prior to joining the company, David Marr worked for Starwood, being responsible for revitalization efforts for the Sheraton flag, as well as for the launch of Tribute Portfolio.
Terreno Nabs $25M South Bay Industrial Asset
The 114,000-square-foot building in Gardena, Calif., is managed by CBRE and is fully leased to one tenant, GOH Express.
Friedman Brokers Sale of 2 Illinois Office Buildings
The properties total 53,226 square feet of space and are located in the Eastern East/West Corridor submarket, less than 20 miles from Chicago’s CBD.
Life Storage Buys Two California Facilities
The self-storage properties in the Antelope Valley region of Los Angeles County include roughly 1,390 units and 182 RV storage spaces. Both facilities have freeway visibility.