Chicago

The international manufacturer of automation sensors, vision systems, barcode readers, laser markers, measuring instruments, and digital microscopes has agreed to a long-term lease for 80,849 square feet at Building II at the complex located in the O'Hare industrial submarket.

The mayor has proposed a Class 6 (b) tax incentive to support the $3.9-million rehabilitation of an 84,174-square-foot industrial building in the Stockyard Industrial Corridor by Griffith Foods Inc.

The 10-year deal at the 17-story, 332,000-square-foot building in Chicago's West Loop was announced by Colliers International. Onni Group acquired the Union Tower building earlier this year for approximately $80 million, according to multiple published reports.

The joint-venture partners purchased four housing communities across four different university markets.

If a deal is consummated, it would likely be the largest leveraged buyout in history as Walgreens Boots has a market value of approximately $56 billion and has nearly $17 billion of debt.

In another significant transaction in the region, Essex Realty Group reports it has brokered the recent $6.025-million sale of the former Maybelline headquarters at 5935 N. Clark St. in Edgewater, IL.