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Illinois

DevelopmentIllinoisIndustrialMidwest

Mapletree to Build 276,000 SF Logistics Facility in Joliet, Illinois

by Kristin Harlow

JOLIET, ILL. — Singapore-based Mapletree Investments has acquired an 18.1-acre site on Vetter Road in Joliet with plans to build a 276,000-square-foot logistics facility. Situated along the I-80 and I-55 interchange, the site offers convenient access to the Joliet Intermodal Center, which is comprised of the Union Pacific Joliet Intermodal Terminal and BNSF Joliet Intermodal Terminal. Sean Henrick of Cushman & Wakefield represented Mapletree in the land acquisition. Henrick and colleague Jason West will market the project for lease. Mapletree’s Chicago industrial portfolio comprises 65 assets totaling approximately 10.3 million square feet.

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IllinoisIndustrialLeasing ActivityLee & AssociatesMidwest

Lee & Associates Negotiates 44,458 SF Industrial Lease in Glenview, Illinois

by Kristin Harlow

GLENVIEW, ILL. — Lee & Associates of Illinois has negotiated a long-term lease for a 44,458-square-foot industrial building located at 1870 Elmdale Ave. in the Chicago suburb of Glenview. Jeff Janda, John Cassidy and Brad Simousek of Lee & Associates represented the owner, DRA Advisors. Nick Schurer of Vestian Global Workplace Services represented the tenant, Lakeshore Academy Gymnastics North. The property marks the gymnastic school’s third location.

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IllinoisLeasing ActivityMidwestOffice

Workbox to Open its Largest Coworking Space in Chicago’s Civic Opera Building

by Kristin Harlow

CHICAGO — Workbox, a national workspace operator, has unveiled plans to open its largest U.S. location at the Civic Opera Building in Chicago’s Loop. Workbox Chicago – Civic Opera will offer local entrepreneurs and businesses the opportunity to be part of a coworking community. In addition to flexible workspace solutions, member benefits include direct connection to more than 100 capital and operating partners, programming and networking events as well as connection to affiliates such as Workbox Ventures. The new location is set to open Monday, June 2 and marks the company’s seventh workspace in Chicago and 13th nationwide. Workbox Chicago – Civic Opera will be located along the Chicago River at 20 N. Wacker Drive, Suite 1000. Totaling 68,000 square feet, the location spans two floors with lounges, conference rooms, public outdoor space, a workout facility and modern amenities. Offices and suites will be available for teams ranging in size from 1 to 50 employees. Workbox is offering a variety of leasing specials for private offices and suites. There are also floating membership and reserved desk options for those looking for individual plans.

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DevelopmentIllinoisIndustrialMidwest

Keeley Construction Underway on 132,000 SF Industrial Expansion for Helukabel USA in Illinois

by Kristin Harlow

WEST DUNDEE, ILL. — Keeley Construction is underway on a 132,000-square-foot industrial expansion for Helukabel USA at its facility at 1201 Wesman Drive in West Dundee, a far northwest suburb of Chicago. The project will introduce new warehouse, office and climate-controlled manufacturing space — marking the first time manufacturing will occur at the site. An expanded office will feature a gym, cable testing and assembly areas, new locker rooms, showers and a modern breakroom. The project team includes Skedio Architecture, J&H and Benchmark Developers, serving as the owner’s representative. Helukabel USA is a manufacturer and supplier of cables, wires and cable accessories.

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AcquisitionsIllinoisMidwestOffice

SVN Chicago Commercial Arranges $1.3M Sale of Office Suite on Wacker Drive

by Kristin Harlow

CHICAGO — SVN Chicago Commercial has arranged the $1.3 million sale of an 8,700-square-foot office suite at 211 W. Wacker Drive in Chicago. Tim Rasmussen and Jim Mead of SVN represented the buyer, a futures trading firm seeking to expand its downtown Chicago presence. According to SVN, the buyer capitalized on current market conditions, securing a fully improved office space at a significant discount to historical pricing. The seller was undisclosed.

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DevelopmentHealthcareIllinoisMidwest

JLL Design Transforms Teen Lounge at Shriners Children’s Chicago Hospital

by Kristin Harlow

CHICAGO — JLL Design worked with Shriners Children’s Chicago, a pediatric specialty care provider on Chicago’s far west side, to transform the hospital’s teen lounge and billiard area. The new family lounge and patient lounge balances functionality and visual appeal with a bright aesthetic. The redesigned space showcases textiles that meet rigorous healthcare standards. According to JLL Research, a top design trend for 2025 is “people-centric design,” focusing on the role of the built environment for experience, well-being and social interaction. JLL Design manages diverse projects spanning strategy, branding and interiors.

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AcquisitionsIllinoisMidwestRetail

Encore Enterprises, AmCap Management Buy 276,333 SF Shopping Center in Arlington Heights, Illinois

by Kristin Harlow

ARLINGTON HEIGHTS, ILL. — Encore Enterprises Inc. and AmCap Management Holdings LLC, a wholly owned subsidiary of AmCap Management LLC, have purchased a 276,333-square-foot shopping center in the Chicago suburb of Arlington Heights. Named Northpoint Center, the grocery-anchored property is located at the intersection of West Rand and Arlington Heights roads. Tenants include Jewel-Osco, Ross Dress for Less, Marshalls, Chase Bank, Five Below and PopShelf. The seller and sales price were undisclosed.

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AcquisitionsIllinoisMidwestRetail

Capital Healthcare Properties, HSG Medical Acquire 21,070 SF Retail Property in Metro Chicago

by Kristin Harlow

LOMBARD, ILL. — A partnership between Capital Healthcare Properties and HSG Medical has acquired a 21,070-square-foot retail property in the Chicago suburb of Lombard for an undisclosed price. Immediately upon the acquisition, the partnership executed a long-term lease with Duly Health and Care that brings the freestanding property from 33 percent leased to fully occupied. Duly Health and Care is a Chicagoland healthcare provider with more than 1,200 primary care and specialty providers across 50-plus specialties with 150 locations. Located at 2830 S. Highland Ave., the building features additional tenants such as Potbelly and SimonMed Imaging. The buyers plan to make upgrades, including a new parking lot, new roof, enhanced front sidewalks, exterior tuckpointing and landscaping. The property was sold by a special servicer who was represented by Frontline Real Estate Partners. The asset was put under the control of a special servicing agent after the previous owner defaulted on its loan.

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AcquisitionsIllinoisIndustrialMidwest

SVN Chicago Commercial Brokers Sale of 6,200 SF Industrial Building Slated for Adaptive Reuse

by Kristin Harlow

CHICAGO — SVN Chicago Commercial has brokered the sale of a 6,200-square-foot industrial building at 1802-1806 W. Chicago Ave. in Chicago’s West Town neighborhood for $1.3 million. The property is slated for an adaptive reuse conversion to multifamily. Tim Rasmussen and Marcus Sullivan of SVN represented the undisclosed seller.

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IllinoisIndustrialLeasing ActivityMidwest

Offshore Marine Signs 12,000 SF Industrial Lease in Lake Forest, Illinois

by Kristin Harlow

LAKE FOREST, ILL. — Offshore Marine, a provider of marine equipment and services, has signed a 12,000-square-foot industrial lease at 28041 N. Bradley Road in the Chicago suburb of Lake Forest. The tenant will utilize the building as its main headquarters for distribution and a retail showroom. The building totals 23,482 square feet, which includes full access to the property’s outside storage area, and remains available for lease. The property is also for sale. Elisabeth Lazzara, Denise Chaimovitz and Brian Bocci of Entre Commercial Realty negotiated the lease.

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