CBRE Global Investors and German investment company Universal-Investment, recently acquired a newly completed one million square foot build-to-suit distribution facility in suburban Chicago.

The latest deals, trends and projects in the Midwest region.

The submarket has lost millions of square feet in office space in the last 25 years, but its remaining tenants are loyal, and rent increases are outpacing the CBD.

The latest deals. personnel moves and trends in the Midwest.

But this transformation is still in its early stages, according to CBRE, and distributors have a lot of work to do.

The region has now seen 25 consecutive quarters of positive absorption.

Chicago now tops the US as the number of Energy Star labeled and LEED-certified buildings grown nationwide, and the spread of energy-benchmarking ordinances may spur further adoptions. 

Nearly half of the industrial space under construction has been pre-leased, the most since 2000, and this level of demand is seen in a broad cross-section of markets, not just ones on the coasts.