Illinois
Heitman Acquires Majority Stake in Swedish Self-Storage Operator
Chicago-based Heitman has acquired a majority stake in Servistore, Sweden’s third–largest self–storage operator. The business has 31 sites in 14… Read more
Meyer Borgman Johnson Relocating HQ in Downtown Minneapolis
Transwestern Real Estate Services (TRS) announced that Meyer Borgman Johnson has signed a new, long-term lease to occupy the 20th… Read more
NAI Hiffman Brokers Industrial Lease in Carol Stream
NAI Hiffman has brokered a long-term lease at 220 Westgate Drive in Carol Stream, Illinois, with zero days of vacancy… Read more
Chicago/Midwest People & Company News, week of February 28, 2025
JLL has appointed Travis McCready as the Head of Industries, Leasing Advisory. In this new role, he now oversees brokerage… Read more
CBRE Secures Downers Grove Office Complex Lease
CBRE has arranged a new 46,187-square-foot lease at Corridors II, a Group RMC-owned office building within the Corridors office complex… Read more
Greenstone Partners Brokers Multi-Tenant Deal For $11.5M
Greenstone Partners has brokered the sale of 821 W. Eastman, a 23,150-square-foot multi-tenant property in Chicago’s Lincoln Park neighborhood, for… Read more
Old Second Expands Chicago Footprint in $197M Evergreen Acquisition
Old Second Bancorp has agreed to acquire Bancorp Financial, the parent company of Evergreen Bank Group, in a cash-and-stock transaction… Read more
Marcus & Millichap Brokers Sale of Arlington Heights Apartments
Marcus & Millichap has completed the sale of Dryden Apartments, a 100-unit property located in Arlington Heights, Illinois. Ryan D.… Read more
Bell Works Chicagoland Adds to Tenant Roster with Office, Retail Leases
Bell Works Chicagoland continues its leasing momentum with seven new businesses and one office space expansion. The recent additions include… Read more
Net-Leased Emeryville Data Center Comes to Market
Starboard CRE, reportedly the largest, independently owned commercial real estate firm in San Francisco, has listed 6440 Shellmound St. in… Read more
Clear Height Properties JV Acquires Light Industrial Building in Lisle
A joint venture partnership between Oak Brook, Illinois-based real estate investor Clear Height Properties and Harbert US Real Estate, an… Read more
Investor Buys 47-Unit Apartment Property in Northlake
Marcus & Millichap has completed the sale of a 47-unit apartment property located at 27, 36 and 43 King Arthur… Read more
Joann Fabrics to Close Remaining 36 Locations in Illinois
Joann Fabrics announced it would be closing more than 800 of its locations, weeks after announcing the closure of 500… Read more
Avatar Closes Bridge Loan on Ripon Industrial, Rocklin Parcel
Avatar Financial Group LLC has closed on a $7.4-million bridge loan secured by a multi-parcel industrial asset in Ripon and a… Read more
Edged Data Centers Opens New AI-Ready Data Center in Aurora
Edged has completed construction on its newest, ultra-efficient data center designed to power Chicagoland’s exponential AI boom and deliver connectivity… Read more
Friedman Sells 214K-SF Former Steel Plant in Chicago Heights
Friedman Real Estate’s Kellen Duggan recently completed the sale of the 214,000-square-foot former Liberty Steel plant at 317 E. 11th… Read more
Roti Restaurant Chain Acquired by Edible Arrangements Founder
A private-equity firm launched by the founder of Edible Arrangements, Tariq Farid, has acquired the Chicago-based fast-casual chain Roti Modern… Read more
Repositioned Northern NJ Industrial Reaches Full Occupancy
Cushman & Wakefield has repositioned 25 Commerce Rd., a 103,008-square-foot industrial building in Fairfield, NJ, resulting in a fully leased property,… Read more
Avison Young Negotiates Lease of Former Foxtrot Commissary
Avison Young has arranged a lease of approximately 20,000 square feet across two units of industrial space at 900 West… Read more