ROSELLE, IL-Five distribution buildings in the Turnberry Lakes International Business Center here are 100% occupied with the lease to Norvanco International, forced out of the Panasonic Corp. of North America Randall Road campus in Elgin as a result of its sale to John B. Sanfilippo and Sons.
ELK GROVE VILLAGE, IL-After selling a 25,020-sf building at 1510 Lunt Ave. for less than $1.5 million, the electronics firm pays CenterPoint Properties Trust $43 per sf for 955 Pratt Ave., also in the Centex Industrial Park.
CHICAGO-The department of housing has put out a request for qualifications from rehabbers and developers willing to buy and operate the Lawndale Restoration and Douglas Lawndale multifamily projects on the West Side, which need about $45 million in repairs.
ELGIN, IL-Acquisition of the 1.1-million-sf office and industrial campus at 1707 Randall Rd. is a shift from earlier plans to redevelop the former Elgin Mental Health Center, which will likely go to market.
ELGIN, IL-Acquisition of the 1.1-million-sf office and industrial campus at 1707 Randall Rd. is a shift from earlier plans to redevelop the former Elgin Mental Health Center, which will likely go to market.
CHICAGO-Allstate Insurance Co. has left a 110,000-sf vacancy at 120 S. Riverside Plaza, and Trizec Properties Inc. does not expect to finish filling the largest hole in its 2.4-million-sf portfolio here until next year.
CHICAGO-The initial interest rate on the new loan from SunAmerica Life Insurance Co. for the 920,355-sf office complex along the Northwest Tollway in Rolling Meadows is 4.84%. The variable-rate loan, at 30-day Libor plus 1.75%, replaces a 7.22% fixed-rate from Prudential Life loan that came due in 2013.
CHICAGO-The initial interest rate on the new loan from SunAmerica Life Insurance Co. for the 920,355-sf office complex along the Northwest Tollway in Rolling Meadows is 4.84%. The variable-rate loan, at 30-day Libor plus 1.75%, replaces a 7.22% fixed-rate from Prudential Life loan that came due in 2013.
DEERFIELD, IL-The new loan is 13% higher than the price paid by the limited liability corporation that bought the 180-bed skilled care facility at 300 Waukegan Rd. less than two years ago.
NAPERVILLE, IL-Midwest Warehouse & Distribution System pays $45 per sf for the eight-year-old warehouse along I-88, giving it 12 properties in the market totaling 3.5 million sf.