Tuesday, August 19, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Illinois

IllinoisIndustrialLeasing ActivityMidwest

Brown Commercial Group Secures 60,050 SF Industrial Lease in Bartlett, Illinois

by Kristin Harlow

BARTLETT, ILL. — Brown Commercial Group has negotiated a 60,050-square-foot industrial lease at a newly constructed facility in the Chicago suburb of Bartlett. The tenant, Illinois Tool Works (ITW), has leased space at Blue Heron Business Park’s newest speculative building, which totals 166,573 square feet. Dan Brown and Mike Antonelli of Brown Commercial represented the developer and owner, Cratos Industrial. Dan Brown also represented Cratos in its original land purchase in 2024 and was retained as the leasing agent for the development. Bruce McConnell of Savills represented ITW.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIllinoisIndustrialMidwest

Quantum Brokers $4.5M Sale of Flex Industrial Building in Northbrook, Illinois

by Kristin Harlow

NORTHBROOK, ILL. — Quantum Real Estate Advisors Inc. has brokered the $4.5 million sale of a 56,219-square-foot flex industrial building in the Chicago suburb of Northbrook. At the time of sale, the property on Techny Court was 82 percent leased. A private investor based in the northern suburbs of Chicago sold the asset to an affiliate of Core Acquisitions, a real estate investment and development firm based in Illinois. Brett Berlin and Max Himel of Quantum brokered the sale.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsHealthcareIllinoisMidwest

Marcus & Millichap Arranges $2.5M Sale of Medical Office Property in Metro Chicago

by Kristin Harlow

LIBERTYVILLE, ILL. — Marcus & Millichap has arranged the $2.5 million sale of a medical office property net leased to Forefront Dermatology in the Chicago suburb of Libertyville. Originally built in 1996 as a Burger King, the 6,300-square-foot building underwent a full renovation in 2018 and an expansion in 2022 to accommodate the seller’s wife’s dermatology practice, which was later acquired by Forefront Dermatology. The asset is located at 1234 N. Milwaukee Ave. Daniel Chumbley, Sean Sharko and Austin Weisenbeck of Marcus & Millichap represented the buyer, a local private investor that is actively expanding its healthcare real estate portfolio across Chicagoland.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentIllinoisMidwestRetail

Nicholas Family to Break Ground on 86,261 SF Elk Grove Ice Arena in Metro Chicago

by Kristin Harlow

ELK GROVE VILLAGE, ILL. — Nicholas Family of Cos. will break ground this fall on the Elk Grove Ice Arena, a new indoor ice rink in the northwest Chicago suburb of Elk Grove Village. Scheduled to open in fall 2026, the 86,261-square-foot, two-rink complex will serve the local hockey community and feature a family-friendly restaurant with rooftop access called Hatty’s Icehouse. The Elk Grove Ice Arena marks Nicholas Family’s third ice arena project in the Chicago area in one year, following its construction of the Rosemont Ice Arena opening this fall and its acquisition of Glacier Ice Arena in Vernon Hills. Nicholas also owns a fourth rink, the Mount Prospect Ice Arena at Nicholas Sportsplex. All four venues are operated by the company’s in-house sports and recreation division, Spectate Group, which plans to expand its staff to accommodate the new facilities. The company’s construction arm, Nicholas & Associates, built all of the venues except for Glacier Ice Arena. The Elk Grove site is currently occupied by a Staples office supply store, which will be torn down. Designed by ARCON Associates, the rink will feature eight general team locker rooms and eight dedicated locker rooms for Chicago Mission teams. Other elements …

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentIllinoisIndustrialMidwest

Peak Construction to Build 52,925 SF Spec Industrial Facility in Aurora, Illinois

by Kristin Harlow

AURORA, ILL. — Peak Construction Corp. will build White Oak Warehouse, a 52,925-square-foot speculative industrial facility in Aurora. DarwinPW Realty/CORFAC International is the developer. The project will feature a clear height of 32 feet, 10 docks, two drive-in doors, 31 trailer stalls and 63 parking spaces. Completion is slated for the second quarter of 2026. Partners in Design Architects Inc. is the architect and Cemcon is the civil engineer.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIllinoisMidwestOffice

CBRE Brokers $3.2M Sale of Creative Office Building in Chicago’s River North

by Kristin Harlow

CHICAGO — CBRE has brokered the $3.2 million sale of 219 W. Chicago Avenue, a boutique creative office property in Chicago’s River North neighborhood. The asset spans 19,615 square feet and is currently 78 percent leased. CBRE’s Dominic Soltero, Tom Svoboda and John Saletta represented the undisclosed seller. The transaction marks the first investment in Chicago for the international buyer. The property benefits from DX-5 zoning, allowing for future conversion to high-rise residential, office or apartment use with ground-floor retail.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsDevelopmentIllinoisIndustrialLee & AssociatesMidwest

Pharmacy Automation Supplies Buys 4.4 Acres in Metro Chicago for Build-to-Suit Facility

by Kristin Harlow

PLAINFIELD, ILL. — Pharmacy Automation Supplies has purchased 4.4 acres at Plainfield Business Center, Lot 6, for a new build-to-suit warehouse and office facility. The manufacturer and distributor of consumables to retail and healthcare organizations is relocating to Plainfield from a smaller space in Romeoville. The seller, Northern Builders, will construct a 30,000-square-foot building within the complex. Completion is slated for the end of the year. Terry Grapenthin and Ryan Earley of Lee & Associates of Illinois represented Pharmacy Automation Supplies in the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIllinoisMidwestRetail

Marcus & Millichap Brokers $3M Sale of Retail Strip Center in Libertyville, Illinois

by Kristin Harlow

LIBERTYVILLE, ILL. — Marcus & Millichap has brokered the nearly $3 million sale of The Shops of Northwind, a 20,416-square-foot retail strip center in the Chicago suburb of Libertyville. The four-suite property at 1745 Northwind Blvd. is fully occupied. Brian Parmacek of Marcus & Millichap represented the seller, EMPSAFE LLC. The asset sold at 95 percent of the list price.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentIllinoisIndustrialMidwest

AbbVie Plans $195M Expansion of North Chicago Manufacturing Plant

by Kristin Harlow

NORTH CHICAGO, ILL. — AbbVie (NYSE: ABBV) has unveiled a $195 million investment to expand its North Chicago manufacturing plant to include domestic active pharmaceutical ingredient (API) production. The expansion is part of AbbVie’s previously announced commitment to invest more than $10 billion of capital in the U.S. to support innovation and expand critical manufacturing capabilities and capacity. API manufacturing involves producing the active components responsible for the therapeutic effects of medications. The new North Chicago API facility will expand AbbVie’s chemical synthesis capabilities in the U.S., supporting domestic production of current and next-generation neuroscience, immunology and oncology medicines. Construction of the new facility is slated to begin this fall, with the site projected to be fully operational in 2027. The project will expand AbbVie’s existing U.S. manufacturing footprint, which supports more than 6,000 American jobs across 11 manufacturing sites and thousands of additional jobs at suppliers around the U.S. AbbVie is headquartered in North Chicago and employs more than 11,000 people in the state that work to develop and manufacture medicines for patients worldwide.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIllinoisMidwestRetail

Quantum Brokers $9M Sale of Retail Center in Plainfield, Illinois

by Kristin Harlow

PLAINFIELD, ILL. — Quantum Real Estate Advisors Inc. has brokered the $9 million sale of a 55,073-square-foot retail center in Plainfield within metro Chicago. Located at 12337 S. Route 59, the property was 97 percent leased at the time of sale to tenants such as Enterprise, One Main Financials, Chop’d and Khaos Brewcade and Kitchen. Brett Berlin of Quantum brokered the transaction. A private investor based in Illinois purchased the asset from a local family development company based in Chicago’s western suburbs.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts