WAUKEGAN, IL-The gaming machine and lottery terminal company will use the 45,645-sf building on 2.9 acres at 1692 Lakeside Dr. as its second Waukegan facility. It follows Hexagon Packaging Corp., which signed a 60,144-sf build-to-suit deal this summer.
SCHAUMBURG, IL-The two 20-story buildings at 1400 and 1450 E. American Ln. were built in 1990 for the insurance company, which can stay there for up to 37 years under a sale-leaseback with Inland Western Retail Real Estate Trust.
CHICAGO-Owners of property on the fringes of the new 907-acre Pilsen Planned Manufacturing District say their sites no longer are best suited for the industrial uses the city is trying to preserve through zoning restrictions.
BOLINGBROOK, IL-A 95,000-sf building formerly occupied by Sprint Corp. gets the nod for the cell phone company's sixth US call center. The state provides approximately $4 million in grants and tax credits.
CHICAGO-Transwestern Investment Co., LLC, through its $680-million Aslan Realty Partners II, becomes majority owner of 1601 & 1700 Market St. in Philadelphia. Equity Office Properties Trust La Jolla Executive Tower in the San Diego market and Westech 360 office complex in Austin, TX.
CHICAGO-An $860,000 land write-down helps the not-for-profit organization providing college preparatory support to African-American high school students build a 7,200-sf office building at 2221-39 S. State St.
CHICAGO-The Boulevard Commons Apartments, spread over six buildings in the Austin and South Lawndale neighborhoods, could be sold at a foreclosure auction next month. An estimated $2.2 million in repairs are needed to the buildings, most recently 90% occupied.
DES PLAINES, IL-The importer of towels and linens leases 79% of the building formerly occupied by Xerox Corp., and a site that has been considered for a casino.
ROLLING MEADOWS, IL-"Intercontinental is bullish on the suburban Chicago market," says chief executive officer Peter Palandjian, especially when it finds one at $84 per sf. It partners with Golub & Co., which will manage the 550,000-sf asset along the Northwest Tollway.
CHICAGO-Mills Corp. plans to bring in the German commercial real estate company as a 50% joint venture partner in the $336-million-plus 108 N. State St. mixed-use project.