Chicago Industrial Properties

June 18, 2017

Amazon acquires Whole Foods Market for $13.7B

Amazon will acquire Whole Foods Market for $13.7 billion during a period where grocery stores are changing rapidly, according to a statement from Amazon on Friday. Whole Foods Market will continue to operate stores under the same brand and John Mackey will remain as CEO of Whole Foods and the headquarters for the company will stay in…
May 22, 2017

Roca Tile signs lease in Elk Grove Village

Roca Tile USA has leased a 41,000-square-foot industrial space at 1330 Mark Street in Elk Grove Village, Cushman and Wakefield announced on Wednesday. The new location will serve as a showroom and warehousing operation, the firm said.
May 4, 2017

NAI Hiffman secures three industrial leases in Chicago’s suburbs

NAI Hiffman represented three companies in industrial lease transactions in Franklin Park, Bolingbrook and Bridgeview. Dealer Tire renewed its existing 118,235-square-foot lease at 3708 River Road in Franklin Park. Dealer Tire was represented by Tom Walrich of Lee & Associates. Crane Nuclear signed a lease for a 53,720-square-foot lease at 860 Remington Boulevard in Bolingbrook. Crane…
April 25, 2017

Investcorp adds to portfolio with $160M industrial investment in Chicago, Boston

Investcorp announced that its real estate division has invested in an industrial portfolio of properties in Chicago and Boston for $160 million, according to a statement from the company. The portfolio includes six properties with about 1.8 million square feet of warehouse and distribution space. “An uptick in e-commerce has improved the fundamentals in the…
April 16, 2017

Industrial professionals catch AIRE’s 2017 Virtual Market Tour

The Association of Industrial Real Estate Brokers held its biggest annual event, the 2017 Virtual Market Tour, at The Cube at Rivers Casino in Des Plaines, Illinois on Thursday. The theme at this year’s event was Catching AIRE—a play on the organizations name and extreme sports where daredevils catch air. The video displaying industrial properties around Chicago…
April 11, 2017

NAI Hiffman promotes VP to COO

Michael Flynn moved up from Executive Vice President to Chief Operating Officer for NAI Hiffman, the company announced Wednesday. Flynn will provide leadership and management necessary to execute the firm’s expansion strategy and enhance its operations. He has more than 30 years of experience in commercial real estate leasing and tenant representation. Most recently he…