CHICAGO-The initial target was $250 million, but Heitman Value Partners, L.P. Fund was attractive with a range of institutional, corporate, public and pension fund investors. It has buying power of $1 billion.

OAK BROOK, IL-The East-West Corridor keeps Taylor Precision Products, which signs a 15,000-sf extension and expansion at 2311 W. 22nd St., while American Patriot Insurance Agency moves from here to Equity Office Properties' Westbrook Corporate Center in Westchester.

CHICAGO-Parkway Properties, Inc. now owns all but 7% of 233 N. Michigan Ave., a property now worth $194.3 million based on the REIT's most recent transaction with Investcorp, which reduced its stake from 70% to 7%.

CHICAGO-Parkway Properties, Inc. now owns all but 7% of 233 N. Michigan Ave., a property now worth $194.3 million based on the REIT's most recent transaction with Investcorp, which reduced its stake from 70% to 7%.

NILES, IL-Motivational-tapes production house Nightingale-Conant Corp., a tenant at 6245 W. Howard St. since 1996, stays at the industrial and office asset, which is 94& occupied.

CHICAGO-Half of the 38 townhouses at 61st and Halsted streets are vacant, with 16 of them having been reclaimed by the US Department of Housing and Development through foreclosure. The city is moving to acquire those units, as well as the 22 that remain in private hands.

CHICAGO-Grosvenor Capital Management migrates from the AT&T Corporate Center in the West Loop, eschewing options in that submarket, for three floors JMB Realty's mixed-use property that includes the Four Seasons Hotel.

OAK BROOK, IL-Inland Western Retail Real Estate Trust pays $189 per sf for a center in Mt. Pleasant, SC, where the largest privately-owned supermarket chain in the US has 70% of the space.