Chicago

LoBello was previously director of property management with The Hampshire Companies where she was most recently responsible for more than 10 million square feet of commercial real estate across the office, industrial and retail sectors.

The offering marks JLL Income Property Trust's first entry into the 1031 exchange sector.

Young Innovations will maintain operations at all properties under a 20-year lease with New Mountain Net Lease.

The fundamentals driving the commercial real estate industry remain positive in many of the top metropolitan markets across the country, including Chicago. We are seeing strong job growth, population growth, and a ramping up of some of corporate America's top companies.

Class A vacancy in the suburban region remained flat at 22.3%, however the vacancy rate in high quality, trophy assets in the suburban office market ended the third quarter at 16.6%, down 170 basis points from the same time period in 2017.

The facility in Channahon will employ approximately 500 new full-time workers. The Seattle-based e-commerce giant currently has a workforce of approximately 11,000 in Illinois.