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New owner Panattoni will develop a 159,405-square-foot speculative class-A distribution center on the acreage at 1701 Valley View Ln., and the facility is expected to deliver in second quarter 2020.
Cannabis REIT Innovative Industrial Properties has posted strong historical performance without any federal policy support and is expected to continue to outperform.
The deal to acquire the real estate appraisal and consulting firm that specializes in litigation support and related services significantly expands BBG's valuation litigation services and other capabilities in the region and nationwide.
The Society of Industrial and Office Realtors will host its 2019 Fall World Conference from October 17 to 19 in Portland, where nearly 1,000 commercial real estate professionals will discuss CRE's latest trends.
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.
According to a report released by Cushman & Wakefield, third-quarter leasing activity totaled 25.9 million square feet, nearly half of which was concentrated in the Interstate 55 and Interstate 80 corridors, as well as southeast Wisconsin.
EverWest purchased the property and secured a long-term lease agreement with the laminating, coating and metallizing technology at the building located at 12 Daniel Road.