MUNDELEIN, IL-This international manufacturer of medical diagnostic systems has leased 85,000 sf here to expand its North American headquarters. Moving from north suburban Long Grove, the new offices should be open by June.
HILLSIDE, IL-Bekins, a tenant at this location since 1990, decides to purchase its headquarters building and an attached warehouse. The firm anticipates saving millions of dollars over the next three years, as in comparison to its previous lease.
ARLINGTON HEIGHTS, IL-Investors acquire a well-located property in this suburb northwest of Chicago. It signals that medical office buildings continue to be seen as a good asset for a real estate portfolio in the current economy.
GLENVIEW, IL-The Glen Town Center has signed seven more leases totaling 14,000 sf to round out the mix of retail and entertainment tenants for the project. Additional letters of intent have been signed for over 80% of the redevelopment of the former Naval Air Station for which this North Shore suburb has created the largest TIF district in the U.S.
NAPPERVILLE, IL-Main Street Promenade, a three-story mixed-use project under construction in downtown Naperville, now has four more national retailers opening there to take advantage of the high-end customer base.
CHICAGO-Tremont Realty Capital arranges financing for 1750 N. Clark St., a 44,700-sf retail building formerly occupied by upscale men's apparel retailer Bigsby & Kruthers and located in Chicago's Lincoln Park neighborhood.
CHICAGO-Dubin Residential, a developer of condominiums and townhomes in the city of Chicago, has purchased an approximate four-acre site of a former candy factory on the northwest side for a new townhome development.
NAPERVILLE, IL-The firm that creates the "Veggie Tales" series of children's Christian-oriented videos has relocated its headquarters from west suburban Lombard to a new office building in Naperville.
CHICAGO-The Greater Chicago Food Depository, a local charity that Chicago-area real estate community actively supports, has broken ground on a 215,000-sf food bank and training center on the city's Southwest Side.