Illinois
Private Fund Divests NAPA Auto-Anchored Retail in Plainfield
Marcus & Millichap closed the sale of a NAPA Auto Parts-anchored retail center, located in Plainfield, IL. The sale price… Read more
First Phase of 26-Property Retail Sale Crosses Finish Line
Colliers’ Peter Block, along with Rachel Patten, arranged the sale of seven multi-tenant retail properties and one industrial building, part… Read more
Net-Leased Waukegan Offices Sell to Investment Partnership
CBRE arranged the sale of a 116,500-square-foot office building located at 2100 Norman Dr. in Waukegan, IL. The property is… Read more
Special Servicer Puts Joliet Mall Up for Sale
After the loss of two department stores, the pandemic and an $85-million debt default, the Louis Joliet Mall has hit… Read more
Stream Realty Entitles Its First Chicagoland Industrial Site
Stream Realty Partners has fully entitled its first industrial site in Chicagoland and will partner with Cushman & Wakefield to… Read more
Chicago Industrial Vacancies Post First Increase Since Q4 2020
Despite strongly positive net absorption and an uptick in new leasing volume, Chicago’s industrial vacancy rate increased during the first… Read more
Upscale Restaurant to Open at Wingspan’s Mount Prospect Apartments
Big Fish Hospitality will open an upscale restaurant called The Prospect at 20West, a new luxury apartment building at 20… Read more
Marcus & Millichap Closes Deal for Net-Leased Batavia Chipotle
Marcus & Millichap finalized the sale of a 2,350-square foot net-leased restaurant located in Batavia, Il. The asset sold for $2,050,000. Austin Weisenbeck,… Read more
EQT Exeter Picks Up Single-Tenant Distribution Center in SE Wisconsin
Colliers’ Jeff Devine and Steve Disse represented Janko Group, a 30-year-old real estate company that invest opportunistically across multiple product… Read more
Marcus & Millichap Closes Sale of Chicago Heights Portfolio
Marcus & Millichap arranged the sale of an 18-unit apartment building portfolio located in Chicago Heights, IL. The asset sold for $1,265,000. Eric Bell, executive… Read more
Cicero Apartments Find Buyer a Week After Listing
Monarch Realty Partners, a Chicago-based multifamily brokerage firm, has negotiated the $2.375-million sale of a 38-unit apartment building in Cicero,… Read more
Furniture Retailer Backfills Former Bed Bath & Beyond Space in Schaumburg
CBRE arranged a 70,737-square-foot retail anchor lease at 915 E Golf Rd in Schaumburg, IL. Steinhafels, a Milwaukee-based furniture and… Read more
Florida Investor Scores Deal for Franklin Park Warehouse
Marcus & Millichap closed the sale of 9900 Franklin Ave., a 85,800-square foot industrial property located in Franklin Park, IL. The sale price wasn’t disclosed.… Read more
Chicago and Rosemont Brokers Win National Recognition Week Awards from Transwestern
Transwestern Real Estate Services said Monday that five brokers based in the Chicago and Rosemont offices were recognized nationally for… Read more
Michigan Avenue Real Estate Launches New Property Management Brand
Michigan Avenue Real Estate Group and its property management subsidiary, GERAM Property Management, have launched a new property management brand,… Read more
Echo Real Estate Capital Adds Morton Grove MOB
Chicago-based Echo Real Estate Capital, Inc. has acquired a single-tenant medical office building leased to Advocate Health Care for an undisclosed sum.… Read more
Michael Madden Joins Cushman & Wakefield with Focus on Suburban Occupiers
Michael Madden has joined Cushman & Wakefield as director in the firm’s Occupier Services group. He joins Cushman & Wakefield… Read more
Marcus & Millichap Finalizes Sale of Hebron Industrial
Marcus & Millichap closed the sale of 11414 Maple Ave., an industrial property located in Hebron, IL. Terms of the sale were not… Read more
Chicago Industrial Transaction Volume Strong in Q1, Yet Sublease Space Ticks Upward
The fundamentals of Chicago’s industrial market remained steady in the first quarter of 2023 as the overall vacancy rate remained… Read more