INDIANAPOLIS- Chicago-based REIT First Industrial Realty Trust Inc. buys up property at Interstate 465 and Brookville Rd., one of the last major undeveloped interchanges in the market, for development as a mixed-use park.

GLENDALE HEIGHTS, IL-Graybar Electric Co. signs a two-year lease for 27,000 sf at 800-850 Regency Drive here while Material Handling Services signs a five-year lease for 8,256 sf at 1700 W. Hawthorne Lane in West Chicago.

CHICAGO-The Pizzuti Cos. will remain primarily an office and industrial real estate company even though they hired Thomas W. Henneberry as their new president and chief operating officer away from retail developer The Jacobs Group.

CHICAGO-The Biograph Theater, scene of John Dillinger's last picture show, is pushed for landmark status by the Commission on Chicago Landmarks. The Lincoln Park area continues to see residential and commercial redevelopment.

RIVERWOODS, IL-Storage USA, Inc.'s eighth self-storage facility in the Chicago market is a 79,300-sf store at 991 N. Milwaukee Ave. The company seeks additional suburban outlets with at least 40,000 sf on main highways.

CHICAGO- Standard & Poor's affirms its BBB corporate credit rating on First Industrial Realty Trust Inc., adding its results have improved since refocusing on 23 of the top 25 US markets.

CHICAGO-The historic Wabash Y is transformed from an abandoned building into a 101-unit single-room-occupancy multifamily building and 27,000-sf YMCA with city, state, federal and tax credit financing.

CHICAGO-The 163-unit tower in the 300 block of N. Jefferson St. is 90% sold, resulting in $36.5 million in revenue to reverse the partnership's financial picture from red in 1999 to black in 2000.