CHICAGO-A familiar retail developer will buy a city-owned site at 7801-47 S. Halsted St. for $600,000, with plans to build 18,000 sf of retail space in two buildings. However, the department of planning and development continues to seek a qualified buyer for eight parcels to the south, including a 39,000-sf building.
CHICAGO-A transit-oriented development is envisioned for 103rd Street and Cottage Grove Avenue, near a Metra commuter rail station used by 100 riders a day as well as on two Chicago Transit Authority bus lines.
WHEATON, IL-Built in 1875 as the original Gary Wheaton Bank, 121-27 W. Front St. sells for $2.4 million to Winona Properties, LLC, which inherits Blockbuster Video, Color Me Mine and Tasting deVine as first-floor tenants.
CHICAGO-E. Barry Mansur, who is trying to buy the Prime Group Realty Trust along with former chairman Michael W. Reschke, disputes the REIT's view that its offer to buy the company in an $877-million deal was terminated last week.
NORTHBROOK, IL-Filling vacant positions and paying heftier incentives offset revenue gains from a stronger investment sales market and a management portfolio that grew by 12.5 million sf during the recent quarter.
CHICAGO-Prime Group Realty Trust hopes to have a 30,000-sf retail tenant signed by the end of the year at Bank One Corporate Center, and is using a large chunk of net proceeds from its industrial portfolio sale to CenterPoint Properties Trust for anticipated tenant improvements at IBM Plaza.
BENSENVILLE, IL-A 20,491-sf building at 1180 Industrial Dr. sells for $56 per sf to an investor who already has a user lined up while audio equipment distributor Paul Heath Ltd. pays $42 per sf for a building at 9350 W. Robinson in neighboring Franklin Park.
GURNEE, IL-The two-year-old center at 7105 Grand Ave., anchored by Linens n' Things, Old Navy, Borders, Cost Plus and Pier 1, commands a $246 per sf price.
GURNEE, IL-The two-year-old center at 7105 Grand Ave., anchored by Linens n' Things, Old Navy, Borders, Cost Plus and Pier 1, commands a $246 per sf price.
DeKALB, IL-The 119-acre site at 1111 Macom Dr. scores a perfect 100 on the retailer's site analysis scoring system. A key factor is $10 million in incentives to build the 1.5-million-sf distribution center, Target's first in Illinois.