BEDFORD PARK, IL-The joint venture will replace Homak Manufacturing Co.'s obsolete 410,000-sf with two warehouse and manufacturing buildings totaling 543,581 sf on 25 acres at 5151 W. 73rd St., which already offers rail service.
AURORA, IL-The expanding financial printing and document management company gets a reduced rental rate and build-out allowance as it increases its space at 880 N. Enterprise Ave. by 26%.
CHICAGO-A 3,800-sf office building is planned for a 9,329-sf city-owned site at the northeast corner of Broadway Street and Winona Avenue, which the Asian Village Dental Clinic is buying for its full appraised value.
CHICAGO-The not-for-profit corporation will get the two buildings on city-owned property at 1801-07 W. Adams St. for $1 after spending $1.2 million rehabbing the residential recovery halfway house for adult female ex-offenders.
ROMEOVILLE, IL-Mondi Packaging USA now has two-thirds of the warehouse owned by Prudential Insurance Co. Meanwhile, Hardigg Industries leases in Woodridge and American Licorice Co. takes a 26,941-sf building in Burr Ridge.
OAK BROOK, IL-After Safeway Inc. scrapped plans to sell more than 100 Dominick's stores, local top management is improving its presence in the market, says Inland Real Estate Corp. chief operating officer Mark E. Zalatoris. The $9 million a year Dominick's pays in rent for 11 locations is less than 7% of the REIT's total.
CHICAGO-The office condominium concept comes to the West Loop, where Ameritus is selling the 160,000-sf building piecemeal a few months after paying Hamilton Partners nearly $15 million for the building.
CHICAGO-The 415,908-sf Quaker Tower at 555 W. Monroe St. fetches a reported $115 million or $276 per sf. That is the highest of the seven West Loop office building sales except one.
CHICAGO-Prime Group Realty Trust is asking a Maryland court to declare a sale involving former chairman Michael W. Reschke dead. The REIT adds it is continuing to seek a sale of the company, and Prime/Mansur Investment Partners says it remains at the table.
CHICAGO-Of the three law firms signing deals totaling nearly 42,000 sf, two will stay in their current locations while a third will move from one building owned by Prime Group Realty Trust to another in the REIT's portfolio