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CHICAGO-Parkway Properties, Inc.'s purchase of Two Illinois Center from Tishman-Speyer for $175 million--or $164 per sf -was lower than office deals this year even though at least one other deal may come in even lower.
MONTGOMERY, IL-While building a 1-million-sf facility next year on a 57-acre site it bought at CenterPoint Intermodal Center, DSC Logistics adds 101,700 sf and three years to a lease at 900 Knell Rd., where it already has 815,300 sf.
WOODRIDGE, IL-The multifamily REIT and union pension fund will build AMLI at Seven Bridges, a development worth $158,000 per unit, in a 405-acre master-planned community in this I-55 Corridor suburb.
LOMBARD, IL-Cushman & Wakefield's office services group is attempting to sublease the two-building complex at 360 E. 22nd St., asking $12.50 per sf net for space in the East-West Corridor, hit with high vacancies.
CHICAGO-The former police department headquarters in the hot South Loop submarket will be demolished by State Street Associates LLC and replaced by 240 condominium units and 70,000 sf of retail space.
CHICAGO-Despite negative rent growth here and in Atlanta, First Industrial Realty Trust's strategy to spread its holdings over 25 major markets helps the REIT post a 29.3% second-quarter increase in earnings per share.
CHICAGO-Alderman May Ann Smith, whose 48th Ward includes the Edgewater and Uptown neighborhoods, is calling on casinos, including Donald Trump's in Gary, IN, to stop sending minibuses into city neighborhoods.
CHICAGO-Parkway Properties, Inc. doesn't flinch when 111 E. Wacker Dr., an Illinois Center building very similar to its newly-acquired 233 N. Michigan Ave., may sell for $30 million less than what they paid.
LAKE FOREST, IL-Wholesale liquor distributor Lionstone International signs a seven-year deal on mostly industrial space at 13825 W. Laurel with Duke Realty Corp. for more than $2 million, or about $7 per sf.
CHICAGO-Two tenants expand space in Downtown class A buildings in signing two of the largest leases of the year. Piper Marbury Rudnick & Wolfe stays at 203 N. LaSalle St.; Credit Suisse First Boston Corp. at 227 W. Monroe St.