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It seems impossible, but in the second quarter, industrial vacancy in the Mid Counties market hit 0.6%, and Colliers expert Chris Sheehan says that while it will never be at zero, it could go even lower.
CBRE Global Investors and German investment company Universal-Investment report they have acquired a recently completed 1-million-square-foot build-to-suit distribution/warehouse facility in Gateway 57 Corporate Park in the Chicago suburb of University Park, IL that is 100% triple net-leased to Georgia Pacific Consumer Products.
The financing will fund the ongoing construction of the 72-story tower at 138 E. 50th St. that when completed will feature 124 luxury residential condominium units, 7,500 square feet of retail space at and below grade, and a 25-space parking garage.
Utilizing space wisely and coming up with creative solutions that work for your building and location are key to success since no two office buildings are exactly the same, the Saywitz Co.'s Barry Saywitz tells GlobeSt.com.
CBRE Global Investors and German investment company Universal-Investment, recently acquired a newly completed one million square foot build-to-suit distribution facility in suburban Chicago.
And institutional buyers, who previously acquired a significant number of dollar stores in large portfolios, have limited their acquisitions, leaving a greater remaining supply on the market.