ROMEOVILLE, IL-After Florstar Sales' lease of a 444,171-sf warehouse in the Pizzuti Cos.' Pinnacle Business Center, Rapak, LLC leases 120,000 sf at Prudential Insurance Co.'s 1201 Windham Pkwy.
CHICAGO-Two office complexes in suburban Atlanta are acquired by Capital Partners for $92.3 million, reducing Trizec Properties, Inc.'s holdings in that market by 25% to 3.48 million sf. A 216,000-sf property in the Maryland suburbs sells for $38.1 million.
CHICAGO-Buildings at 6341 N. Lakewood Ave. in the Edgewater neighborhood and 7237-43 S. Bennett Ave. in South Shore sell at or near $1.1 million. The difference? The Edgewater property has just six units, while the South Shore courtyard building had 25 fully-rented units.
CHICAGO-Appraisal Research Counselors tracks $379 million in sales for larger multifamily rental buildings through the third quarter, with as much as $472 million possible from the sale of eight other buildings under contract or on the market.
SKOKIE, IL-Sheldon Good & Co. Auctions is offering a 14,790-site with two buildings at the southeast corner of Oakton Street and Crawford Avenue here, as well as a 21,675-sf building in Aurora and former restaurant at Interstate 55 and Route 53 in Bolingbrook.
CHICAGO-Redevelopment proposals for the northwest corner of Irving Park Road and Kedzie Avenue have come and gone, but the city is moving toward getting acquisition authority.
ARLINGTON HEIGHTS, IL-The largest owner and operator of AmeriHost Inn hotels will likely conduct a national search to land a replacement for president and chief executive officer Jerry H. Herman, who leaves after two years.
CHICAGO-The Dallas-based REIT gets $18.2 million for the 135,679-sf office building at Sherman Ave. in Evanston, while buying the 198,000-sf Lakeside Point I & II in Waukegan's Amhurst Business Park for $32.6 million.
CHICAGO-Holliday Fenoglio Fowler arranges a $350-million joint venture involving Investcorp that debuts with a $39.2-million acquisition of four StorageMart properties totaling 377,121 sf and 3,017 units. Self-storage assets have one of the lowest default rates among sectors, says senior managing director Mike Kavanau.
CHICAGO-Silgan Containers Corp., which has 42,000 sf at HSA Commercial's 1140 31st St. in Downers Grove; and Caravelle Travel, with 8,689 sf at Transwestern Investment Co.'s Centennial Center in Schaumburg; get breaks on lease extensions.