Industrial Midwest

Champion Realty completes 269k s.f. lease expansion

Champion Realty Advisors, LLC has completed a 269,590-square-foot lease on behalf of Ozburn-Hessey Logistics, LLC at 1150 115th Street, Bolingbrook, Ill. With the completion of this lease OHL now occupies the entire 453,090 square feet in the building. The IDI owned and developed building is located in the Bolingbrook Corporate Center West business park.

Industrial Midwest

Industrial market improving according to AIRE survey

Activity is generally improving in Chicago's industrial real estate market, but the recovery is expected to be gradual, according to a recent survey by the Association of Industrial Real Estate Brokers (AIRE). The periodic survey of the associations' 500 plus members showed that seven out of 10 thought improvement in activity by the end of the year would be only lackluster and that rental rates would remain flat throughout 2011.