BARRINGTON, IL-The local owner and redeveloper acquires four regional malls totaling 1.6 million sf from Chicago-based L&H Real Estate Group. GK Development, Inc. now controls 3.4 million sf in five states.

CHICAGO-Urban Outfitters and Office Depot sign letters of intent for 68% of the space at 10 S. State St., a building vacant since the toy retailer left the Loop three years ago. JDI Realty is embarking on a $20.5-million makeover.

CHICAGO-The 480-unit, 52-story luxury multifamily rental building at 222 N. Columbus Dr. in the city's burgeoning New East Side is acquired by condominium converters MCZ Centrum, LLC.

CHICAGO-The 480-unit, 52-story luxury multifamily rental building at 222 N. Columbus Dr. in the city's burgeoning New East Side is acquired by condominium converters MCZ Centrum, LLC.

BEDFORD PARK, IL-Ridge Property Trust and Heitman Value Partners, which are teaming on a $30-million speculative warehouse development at 5151 W. 73rd St., have the capacity to buy or develop $200 million worth of projects.

SKOKIE, IL-The vacant three-building, 350,559-sf property at 5200-04 W. Old Orchard Rd. goes to a joint venture between Los Angeles-based Lowe Enterprises and GE Commercial Finance Real Estate, which plans an $8-million renovation.

CHICAGO RIDGE, IL-The 833,449-sf Chicago Ridge shopping mall at 95th Street and Ridgeland Avenue is a likely redevelopment candidate, according to its new Australian-based owner.

CHICAGO RIDGE, IL-The 833,449-sf Chicago Ridge shopping mall at 95th Street and Ridgeland Avenue is a likely redevelopment candidate, according to its new Australian-based owner.