The key to O’Hare’s potency: Tenant diversity
There are plenty of big box industrial properties surrounding O'Hare. But the Chicago metro's most active industrial submarket is defined by smaller, older infill product.…
O’Hare
Class A office space near O’Hare driving vacancy up
Across the suburban Chicago market, office vacancy inched up in the third quarter as leasing velocity stalled, with only two new leases recorded greater than…
Brown Commercial completes industrial sale in Chicago suburbs
Brown Commercial Group has completed the sale of a 12,000-square-foot industrial building at 1800 N. 15th Avenue in Melrose Park, Illinois. The property is on…
As Chicago industrial expands, investors target familiar areas
The Chicago logistics industry remains on stable footing as steadily growing wages and accelerating household formation are driving demand for more e-commerce-driven warehouse space. And…
Avison Young negotiates 90k SF industrial lease near O’Hare
Avison Young recently negotiated an 89,901-square-foot industrial lease at 1845 Tonne Road in Elk Grove Village, Illinois, illustrating the continued demand for well-located buildings in…
Morgan/Harbour completes two spec warehouses for CenterPoint Properties
Morgan/Harbour Construction has recently completed two speculative warehouse facilities at 10601-10701 Seymour Avenue in Franklin Park, Illinois. Totaling approximately 560,000 square feet, the buildings were…
O’Hare International Center sells, will undergo $5M capital improvement
Bridge Investment Group's office division acquired O'Hare International Center (“OIC"), a pair of nine-story, Class-A office towers adjacent to O'Hare International Airport in Rosemont, Illinois.…
Avison Young named exclusive listing agent for industrial portfolio as O’Hare submarket continues to be hot
Avison Young was recently awarded the exclusive sale listing for a 211,254-square-foot industrial portfolio at 1900-2000 Carboy Drive in Mount Prospect, Illinois, just north of O'Hare…
CBRE negotiates more than 234k SF of O’Hare industrial leases for Prologis
CBRE recently completed four industrial leases on behalf of Prologis in Chicago's O'Hare submarket for a combined 234,090 square feet. CBRE's Kevin Segerson, Matt Mulvihill,…
Off-Market DHL facility sells in O’Hare submarket
Matthews Real Estate Investment Services sold an off-market DHL facility in Chicago's O'Hare submarket. Located at 10451 Waveland Avenue in Franklin Park, Illinois, the concrete,…