Job growth, logistics demand push industrial sector
The surge from e-commerce is more than enough to bolster the industrial real estate sector. But a boost in employment among manufacturing, transportation and related…
Romeoville
Chicago’s downtown office market outpaces the ‘burbs
The Chicago metro area added 63,000 jobs between February 2018 and 2019, according to the U.S. Bureau of Labor Statistics—a 1.4 percent increase. As many…
Lee & Associates negotiates another industrial lease in Romeoville
Lee & Associates has closed a lease transaction at 101 Paragon Drive in Romeoville, Illinois. Chemtech Services, a manufacturer of high vacuum distillation equipment, will…
The I-80 Corridor lags in big box leases
Chicago has seen a spate of large, spec industrial facilities tilt up in the past year. Now they're leasing up. While big box projects throughout…
Duke Realty building 543,780-SF spec warehouse in I-55 submarket
The Chicago office of Duke Realty is building a new, 543,780-square-foot spec bulk warehouse in Romeoville, Illinois. The building, which is known as Airport Logistics…
Lee & Associates of Illinois negotiates industrial lease in Romeoville
Lee & Associates has closed a lease transaction for a 22,265-square-foot industrial space located at 101 Paragon Drive in Romeoville, Illinois.
Cushman & Wakefield completes 1.5 MSF of leasing in I-55 Corridor
Acting as tenant and landlord representative, respectively, Cushman & Wakefield closed on ten transactions across the I-55 Corridor in the first quarter of 2019, totaling…
Black Creek Group expands Chicago-area industrial footprint
Black Creek Group, a Denver-based real estate investment manager and development firm, acquired industrial properties in three strategic submarkets of the Greater Chicago area: I-55…
Ram Tool to open a branch in Chicago
Birmingham, Alabama-based Ram Tool Construction Supply Co. has opened a new greenfield branch in the Greater Chicago Area. Located at 5 Greenwood Avenue in Romeoville,…
Value Industrial Partners acquires Romeoville industrial property
Value Industrial Partners, a full-service real estate operator based in Elmhurst, Illinois, announced its recent acquisition of 641 Forestwood Drive in Romeoville, Illinois. Terms of the…