Illinois Archives - REBusinessOnline

Lee & Associates Negotiates Two Industrial Leases Totaling 131,417 SF in Chicago’s Western Suburbs

Kristin Harlow — Wed, 01 Jul 2026 13:46:38 +0000

HILLSIDE AND FOREST PARK, ILL. — Lee & Associates of Illinois has negotiated two industrial leases totaling 131,417 square feet in the western suburbs of Chicago. Sean Austin of Lee & Associates represented Nuvomed Inc., a company that develops and sells affordable health and wellness products, in its lease of 54,087 square feet at 200 Fencl Lane in Hillside. Tom Rodeno and Patrick Turner of Colliers represented the owner, Clear Height Properties. Austin also represented Recyclops Inc., a recycling and sustainability company that provides curbside recycling pickup, in its lease of 77,330 square feet at 7750 Industrial Drive in Forest Park. The same Colliers duo represented the landlord, ML Realty Partners.

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JLL, GA Group Broker $75M Sale-Leaseback of Family Dollar-Occupied Retail Portfolio Across 19 States

Kristin Harlow — Tue, 30 Jun 2026 13:20:49 +0000

CHICAGO — Chicago-based JLL Capital Markets and GA Group Real Estate have brokered the $75 million sale-leaseback of a 46-property Family Dollar retail portfolio across 19 states. JLL’s net lease team and GA Group represented the seller, FD Retail Properties LLC. An institutional real estate investor was the buyer. According to JLL, the transaction demonstrates strong investor appetite for strategically located discount retail assets backed by established national operators, particularly when coupled with geographic diversification that mitigates single-market risk.

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Missner Group, Thackeray Partners Complete 180,000 SF Industrial Project in Chicago

Kristin Harlow — Tue, 30 Jun 2026 13:18:14 +0000

CHICAGO — The Missner Group, in partnership with Thackeray Partners, has completed a 180,000-square-foot industrial development at 4002 S. Princeton Ave. in Chicago’s Fuller Park neighborhood. Located within Chicago Stockyards Industrial Park, the project marks Missner’s third in the historic industrial district. The speculative facility can accommodate up to four tenants. Larry Goldwasser of CBRE is handling leasing.

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Marcus & Millichap Arranges $6.6M Sale of Chicago Apartment Building

Kristin Harlow — Fri, 26 Jun 2026 13:03:04 +0000

CHICAGO — Marcus & Millichap has arranged the $6.6 million sale of a multifamily and retail property located at 935-937 W. Armitage Ave. in Chicago’s Lincoln Park neighborhood. The asset features eight multifamily units and a retail space occupied by Wintrust Bank. The multifamily component includes a mix of one-, two- and three-bedroom units across 9,745 rentable square feet. Kyle Stengle of Marcus & Millichap represented the seller, 935 W. Armitage (Chicago) LLC, and procured the buyer, 935 Armitage LLC.

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AmTrustRE Secures Six Leases Totaling 95,000 SF at Chicago’s One East Wacker Office Tower

Kristin Harlow — Thu, 25 Jun 2026 13:07:46 +0000

CHICAGO — Owner AmTrustRE has secured six leases and expansions totaling nearly 95,000 square feet at One East Wacker, a 41-story office tower overlooking Chicago’s Riverwalk and River North. The transactions include three new tenants and three renewals spanning both office and retail floors. O’Hagan Meyer Law Firm has expanded its footprint to 46,192 square feet across the 32nd, 34th and 35th floors. John Goodman, Isabel Schwartz and Eric Feinberg of Savills represented the tenant. Shore Capital Partners, a private equity firm, has renewed and grown its presence to occupy 14,475 square feet on the 24th floor. Brad Serot of CBRE represented the tenant. Atwell, an engineering and construction consulting firm, will relocate within the building to a 7,813-square-foot space on the 19th floor. Janessa Biller and Sarah Silva of JLL represented the tenant. AmTrust North America Inc., a global property and liability insurer, has signed a full floorplate lease for 14,946 square feet on the 21st floor. The tenant was unrepresented in the lease. Ashling Partners LLC, a technology and professional services firm, has joined the tower, occupy 5,627 square feet on the 16th floor. Jeff Skender and Jack Tunnicliff of Cushman & Wakefield represented the tenant. Rounding out…

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Cawley CRE Brokers Sale of 27,500 SF Maintenance Facility in Romeoville, Illinois

Kristin Harlow — Thu, 25 Jun 2026 13:05:27 +0000

ROMEOVILLE, ILL. — Cawley Commercial Real Estate has brokered the sale of a newly constructed maintenance facility located at 1385 Joliet Road in Romeoville. Matt Garland of Cawley represented the buyer and seller and played a role in every state of the property’s evolution, from the original land sale through the disposition. Several years ago, Garland brokered the sale of the 4-acre parcel to KAB Properties. Upon completion of the development, KAB returned to Garland to market the asset for sale. Garland sourced the buyer, MW Express, a trailer repair and maintenance specialist that will use the facility to support its continued expansion in the Chicago market. Colleagues Andrew Maletich and Houston Brooke supported Garland throughout the transaction. Jandra Zitkevicius of Brick-by-Brick Realty provided additional representation for the seller. Completed in fourth-quarter 2025, the 27,500-square-foot property includes 19,950 square feet of warehouse space and 7,550 square feet of office space. It offers immediate access to I-55 and I-355.

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Marcus & Millichap Negotiates $5.6M Sale of Two-Tenant Retail Property in Metro Chicago

Kristin Harlow — Wed, 24 Jun 2026 14:31:01 +0000

ALGONQUIN, ILL. — Marcus & Millichap has negotiated the $5.6 million sale of a newly built retail property occupied by Chipotle and First Watch in Algonquin. The 6,150-square-foot asset is located at 1721 S. Randall Road within The Enclave mixed-use development. Austin Weisenbeck and Sean Sharko of Marcus & Millichap represented the seller, a developer. Darpan Patel and Dan Yozwiak of Marcus & Millichap procured the out-of-state buyer.

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Glenstar, Private Investor Acquire 966,924 SF Office Tower in Chicago

Kristin Harlow — Tue, 23 Jun 2026 14:26:04 +0000

CHICAGO — Glenstar, in a joint venture with a high-net-worth private investor, has acquired 500 W. Monroe, a 966,924-square-foot office tower in Chicago with a 1,300-stall parking garage. The sales price for the all-cash purchase was not disclosed, but Crain’s Chicago Business reports that the asset traded for 76 percent less than it did prior to the COVID-19 pandemic. Glenstar will soon launch a hospitality-driven renovation at the property. Plans call for a full lobby transformation followed by additional common area upgrades and the introduction of new amenities. Glenstar plans to introduce Glenstar Connect, its signature app-based tenant engagement program, at the property in the coming months. Built in 1992, 500 W. Monroe rises 44 stories and is located steps from the Union and Ogilvie train stations. According to Glenstar, the property currently offers the largest contiguous block of space available in the West Loop at 572,000 square feet. With the acquisition, Glenstar also assumes the asset and property manager role and has tapped CBRE’s Jason Houze, Greg Tait and Aaron Schuster to oversee leasing.

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Cargowill Signs 42,169 SF Industrial Lease in Bolingbrook, Illinois

Kristin Harlow — Tue, 23 Jun 2026 13:01:00 +0000

BOLINGBROOK, ILL. — Cargowill, an e-commerce logistics company, has signed a 42,169-square-foot industrial lease at 1325 Remington Blvd. in Bolingbrook. Jeff Galante of Lee & Associates of Illinois represented the landlord, Pritzker Realty Group. Chris Nelson of Lee & Associates represented the tenant. Built in 2016, the 112,000-square-foot property features immediate access to I-55 via the Weber Road interchange.

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Greenstone Partners Negotiates $8.4M Sale of Metro Chicago Retail Center

Kristin Harlow — Tue, 23 Jun 2026 13:00:00 +0000

FOREST PARK, ILL. — Greenstone Partners has negotiated the $8.4 million sale of Circle Plaza, a fully occupied, multi-tenant retail center in Forest Park. Brewster Hague and Connor Sheedy of Greenstone brokered the sale. Circle Plaza totals 18,486 square feet and is home to Dunkin’, Pep Boys, Bloc Dispensary, HEAL Wellness and Sploot Veterinary Care. Originally developed in 1984, the property has mostly maintained 100 percent occupancy throughout its history. Buyer and seller information was not provided.

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LCG Capital Management Acquires 81,700 SF Office Campus Near St. Louis

Kristin Harlow — Mon, 22 Jun 2026 13:52:11 +0000

O’FALLON, ILL. — LCG Capital Management LLC has acquired Colony Square and Williamsburg Center, a seven-building, 81,700-square-foot office campus in O’Fallon near Scott Air Force Base. The transaction marks LCG’s entry into a category it intends to grow — mission-critical office space serving the defense contractors and government services firms that support Scott, headquarters of U.S. Transportation Command and Air Mobility Command. LCG executed the transaction through JRN Investments LLC. The campus carries below-market rents and existing vacancy that the firm expects to lease up. LCG is a St. Louis-based commercial real estate firm founded in 2024 and backed by Alberici Corp.

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Lee & Associates Brokers Sale of 70,497 SF Office Property in Metro Chicago

Kristin Harlow — Mon, 22 Jun 2026 13:51:21 +0000

OAK BROOK, ILL. — Lee & Associates of Illinois has brokered the sale of a 70,497-square-foot office property located at 915 Harger Road in Oak Brook. Tony Russo of Lee & Associates represented the seller, KMMRD Enterprises. The asset was 48 percent leased at the time of sale, with law firm Godoy occupying the largest space. The buyer, Urban Commercial Property Group, plans to invest significant capital into building renovations and deferred maintenance improvements.

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Lee & Associates Brokers $24.8M Sale of Industrial Building in Elgin, Illinois

Kristin Harlow — Thu, 18 Jun 2026 13:17:56 +0000

ELGIN, ILL. — Lee & Associates of Illinois has brokered the sale of a 442,601-square-foot industrial building located northwest of Chicago in Elgin. Rigid plastics manufacturer PJP Holdings purchased the facility for $24.8 million with plans to modernize it, inclusive of the surrounding infrastructure. Frank Griffin and Mike Adams of Lee & Associates represented the buyer, while law firm Liston & Tsantilis assisted on the transaction. Jack Brennan and Steve Bass of NAI Hiffman represented the seller, JP Elgin Project Co. LLC. The transaction marks the second-largest industrial building sale in metro Chicago in 2026 for square footage, according to Lee & Associates. The sale involved the utilization of Illinois’ 6B tax abatement program, which drives industrial investment, redevelopment and job creation in the region. PJP occupies four facilities in metro Chicago.

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Lee & Associates Negotiates 100,800 SF Industrial Lease in Woodridge, Illinois

Kristin Harlow — Wed, 17 Jun 2026 13:22:34 +0000

WOODRIDGE, ILL. — Lee & Associates of Illinois has negotiated a 100,800-square-foot, full-building industrial lease at 1215 101st St. in Woodridge. Jeff Galante and Jeff Janda of Lee & Associates represented the owner, Rediehs & Rediehs LLC. Manufacturing company Secure Source America LLC leased the property.

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Greenstone Partners Brokers $7.5M Sale of Chicago Apartment Building

Kristin Harlow — Wed, 17 Jun 2026 13:21:19 +0000

CHICAGO — Greenstone Partners has brokered the $7.5 million sale of a property with 18 luxury apartment units and one ground-floor retail space in Chicago’s Wicker Park neighborhood. Located at 1509 N. Western Ave. and built in 2018, the asset features a rooftop deck and 18 indoor garage parking spaces. At the time of sale, the property was fully occupied. Jordan Multack of Greenstone represented both the buyer and seller.

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Sidley to Relocate Chicago Office to Planned 1 MSF Tower in Fulton Market

Kristin Harlow — Wed, 17 Jun 2026 12:00:00 +0000

CHICAGO — Law firm Sidley Austin LLP has unveiled plans to relocate its Chicago office to 725 Randolph, a new office tower by Related Midwest in the city’s Fulton Market neighborhood. Sidley will serve as the anchor tenant of the 45-story, 1 million-square-foot property at 725 W. Randolph St. Occupancy is slated for late 2030. Todd Lippman led the CBRE team that represented Sidley. The lease square footage was not disclosed, but several media outlets report it to around 500,000 square feet. Sidley currently leases about 544,000 square feet in the 40-story tower at 1 S. Dearborn St. in Chicago’s Loop through 2030. Designed by Kohn Pedersen Fox, 725 Randolph will offer column-free floorplates, unobstructed views of the cityscape, a range of amenities and nearby dining options. Signature amenities will include private terraces offering an outdoor work setting, a destination restaurant and an outdoor sundeck. Related Midwest still needs to complete project financing and receive city council approval, according to local media reports. In its announcement, Sidley says Chicago’s Fulton Market has emerged as a destination for business, innovation and talent and is one of the nation’s fastest growing mixed-use districts. “Chicago has been central to Sidley’s history for more…

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Huntington Bank Expands Chicago Office Lease to 60,900 SF

Kristin Harlow — Tue, 16 Jun 2026 13:32:49 +0000

CHICAGO — Huntington Bank has signed a 10-year, 23,223-square-foot lease expansion at 222 N. LaSalle Street, growing its footprint to approximately 60,900 square feet at the 26-story building in downtown Chicago. Tishman Speyer owns the riverfront tower. The bank has operated at the property since 2011. Ellen May and Steve Golz internally represented Tishman Speyer, which also serves as property manager and leasing agent. Constructed in 1926, the building has recently undergone an expansive renovation program. The 1 million-square-foot tower is now 87 percent leased. All tenants have access to ZO Clubhouse, Tishman Speyer’s amenity network.

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Krusinski Breaks Ground on 32,000 SF Addition for Nonprofit Food Distribution Hub in Aurora, Illinois

Kristin Harlow — Tue, 16 Jun 2026 13:28:26 +0000

AURORA, ILL. — Krusinski Construction Co. has broken ground on a 32,000-square-foot addition to the Loaves & Fishes Community Services food distribution hub at 580 Exchange Court in Aurora. The project will expand the building to 62,000 square feet, enabling the nonprofit organization to meet the increasing needs of food-insecure individuals and families in DuPage, Kane, Kendall and Will counties. Since 2019, food insecurity in the area served by Loaves & Fishes has increased by more than 50 percent, according to a release. The expansion project will create greater storage capacity, improved distribution efficiencies and enhanced collaboration capabilities with partner pantries. Krusinski will build new and expanded freezer and cooler space, a larger depressed dock with more efficient access for deliveries by full-size semi-trucks and trailers and an improved site layout that increases parking capacity and flow. Construction will be completed in four phases and includes increasing the capacity of utilities. The project team includes Powers Brown Architecture and Cage Civil Engineering.

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Quill Signs 60,000 SF Office Lease Renewal in Lincolnshire, Illinois

Kristin Harlow — Mon, 15 Jun 2026 13:21:00 +0000

LINCOLNSHIRE, ILL. — Quill, a provider of office equipment, supplies and technology products, has signed a 60,000-square-foot office lease renewal at 300 Tri State International Drive in the northern Chicago suburb of Lincolnshire. The office is within Tri State Lincolnshire, a five-building, 560,000-square-foot office complex owned, operated and leased by Bradford Allen. Quill relocated to the property in 2023. Dan Fernitz of Bradford Allen negotiated the lease on behalf of ownership, which has invested more than $30 million in improvements since acquiring Tri State Lincolnshire in 2017.

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Logistics Property Co. to Build 140,122 SF Industrial Development in Addison, Illinois

Kristin Harlow — Fri, 12 Jun 2026 12:57:58 +0000

ADDISON, ILL. — Logistics Property Co. LLC (LogiPropCo) has closed on a 9.8-acre site at 2349 W. Lake St. in Addison with plans to build a 140,122-square-foot industrial facility. The site offers immediate access to I-355 and Illinois Route 20 as well as proximity to the O’Hare airport. Construction is expected to commence this month. The project will feature a clear height of 32 feet, 36 dock positions and parking for 179 cars. Morgan Harbour Construction will serve as general contractor, Architects Plus Design Studio is the architect and Jacob & Hefner Associates is the civil engineer. Aaron Martell and Ben Fish of LogiPropCo led the sourcing of the land for the development. Sean Henrick, Jason West and Doug Pilcher of Cushman & Wakefield will serve as the project’s leasing representatives. Completion is slated for the first quarter of 2027.

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