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ELK GROVE VILLAGE, IL-The 131,728-sf building scheduled to be completed early next year will give a single user or multiple tenants quick access to O'Hare International Airport's cargo gate.
ROSEMONT, IL-Teachers Insurance & Annuity Association turns management and leasing of its Columbia Centre III, where occupancy has dropped to 68%, to Trammell Crow Co. American Airlines and Ameritech/SBC are main tenants at 9525 W. Bryn Mawr Ave.
CHICAGO-An 8.9-acre site at the northwest corner of 63rd and Halsted streets, recently appraised at $4 million, will be offered to developers willing to build a retail center that includes a full-service grocery store.
CHICAGO-Karen Canzoneri's Redevelopment Enterprises will build six condominiums on a 12,000-sf site at 3418-20 W. Fulton St., which the city is selling for $120,000. The Deerfield-based developer has done other projects on the South and West sides.
CHICAGO HEIGHTS, IL-Olympia Food Industries pays full price to New Jersey-based J&J Snack Foods, but it is less than $15 per sf for a 52,700-sf manufacturing plant at 401 East Joe Orr Rd.
CHICAGO-Former alderman Theodore Mazola and partner August P. Mauro were the only developers to answer a city request for proposals. The 100-unit, $21.2-million project includes 25% of the units set aside for buyers earning 80% of the area median household income or less.
ELGIN, IL-First Priority, Inc. buys a 56,025-sf warehouse and manufacturing plant, which had been on the market for $3.3 million, near its previous location plant in the Windsor Business Park.
OAK BROOK, IL-Although on track to hit its 2004 buying target, Inland Real Estate Corp. admits the competition remains heavy for the retail assets that come to market.
VERNON HILLS, IL-The Lake Forest-based consumer packaging manufacturer pays more than $70 per sf for a 44,315-sf building in the Continental Executive Park for a prototype research and development lab facility.
CHICAGO-The downturn in US office markets results in more class A assets with high vacancy rates that can be acquired at a price below replacement cost, the largest US office REIT notes.