Industrial users in the driver’s seat, propel leasing, construction activity
It has now been two full quarters since the onset of COVID-19 in Chicago. The MSA’s unemployment topped out at more than 17 percent earlier…
Joliet
Some spec projects hit a lull, but industrial sector continues to surge ahead
It’s old news this far into the pandemic: the economic impacts of COVID-19 have passed over the industrial real estate sector and have in fact…
CBRE to market Compass Global Logistics Hub for NorthPoint Development in Chicago area
NorthPoint Development is set to launch Compass Global Logistics Hub in Joliet, Illinois.The $1.7 billion investment will create thousands of new jobs and deliver much-needed…
CenterPoint signs build-to-suit lease with TTX at Joliet intermodal
CenterPoint Properties has announced a build-to-suit lease for a distribution facility for TTX Company at 2400 CenterPoint Way in Joliet, Illinois. The lease at the…
Marcus & Millichap arranges sale of net-leased Panera Bread property in Joliet
Marcus & Millichap brokered the sale of a 5,077-square-foot Panera Bread retail property located in Joliet, Illinois, according to Steven D. Weinstock, regional manager and…
Lee & Associates of Illinois announces multiple industrial transactions
Lee & Associates recently brokered several industrial transactions in the Chicago metro area.
Records begone: Big Box industrial achieves new highs
During this impressive period of economic expansion, 2016 was a banner year for big box industrial absorption with 16.1 million square feet. Even as we…
New pot laws mean that industrial opportunities are bubbling up
As the calendar flips over from one decade to another, Illinois finds itself in a new era with the 2020 legalization of recreational cannabis. The…
Build-to-suit industrial reaches new peak for the cycle
Build-to-suit projects accounted for 4.6 million square feet of new industrial construction in the Chicago metro this past quarter. That figure is a record high…
Target takes full occupancy of Rock Creek Logistics Center in Joliet
Minneapolis-based retailer, Target Corporation, has leased the entirety of Rock Creek Logistics Center in Joliet, Illinois. The Opus Group developed the 1.2 million-square-foot industrial logistics…