Industrial

Chicago's tech ecosystem is the city's fastest-growing industry sector with more than 4,000 digital companies—a more than 270% growth rate in just 10 years.

The plans will support efforts to attract community-supported Opportunity Zone investments, build investment readiness, and help the respective communities to meet their goals for Opportunity Fund investment.

With the sale-leaseback agreement, Transformco, the parent company of Kmart and Sears, continues to occupy the property to operate its main distribution center for the entire Southeast US that support Sears, Kmart, and Hometown stores.

The four prized food and agribusiness-related sites are occupied by California Natural Products.

The Meritex Company and AEW Capital Management have secured an equity interest in an industrial portfolio, with plans to acquire additional assets.

One 18,000-square-foot training facility in Grand Prairie will house two flight simulators, the first Level D full-motion flight simulators in North America for Airbus H145 and H175 helicopters.

"There was great interest in this asset given its location and current use," Cruz said. "It's a rare opportunity to acquire a property with long-term flexibility and optionality that can support logistics, storage and other uses in the Metro park submarket."

Hannon joins the firm as a business development representative in its industrial group in Tempe, Arizona.