Chicago

The property was purchased by Chicago-based Draper and Kramer through a 1031 exchange following the firm's sale of Prairie Shores, a 1,675-unit, multi-building apartment community in Chicago's Bronzeville neighborhood.

Long Ridge is located on 1,660 acres and includes a 485 MW power plant currently under development, nearly 300 acres of available flat land, two barge docks on the Ohio River, a unit train capable loop track and direct truck access to Ohio Route 7.

"Seniors used to move into senior housing in their 70's and now they aren't moving until into their 80's. So developers need to be astute to that."

The 135,000-square-foot facility is located at 53500 Grand River Ave. A total of 35,000 square feet of the new facility is dedicated to office space and the remaining 100,000 square feet is designated for manufacturing and warehouse workspaces.

The law firm will relocate its operations currently housed at 222 South Riverside to the entire 15th floor at 300 S. Wacker. Its lease term at the office tower begins in September 2020.

The future tower, which will open in 2022, will feature more than 1.4 million square feet of office space and will serve as BMO Financials' corporate headquarters.

Willis Tower is currently undergoing a more than $500-million renovation, the biggest restorative transformation in the building's 46-year history.

In the fourth quarter, CenterPoint completed three significant acquisition deals in the Northern New Jersey market.