Office

“The property's attractive location in the Kinzie Industrial Corridor, on-premise parking and proximity to public transportation and nearby expressways were all factors in our decision to buy,” says Michael Schack, principal of Dayton Street Partners.

The GE BioPharma business is currently part of GE Life Sciences, which is headquartered in Marlborough, MA.

This investment expands Admiral's presence in the region, which includes a significant investment as a co-founder of the Fitler Club, opening in Philadelphia in April 2019.

Among the three leases, PernaFrederick represented Asterion in the leasing of space on the 10th floor of One Penn Center, 1617 JFK Parkway.

Although co-working and flexible workspaces still represent a relatively modest share of overall office occupancy, this type of office space is expanding rapidly and having a big impact throughout the industry.

The collateral for the Madison Realty Capital loan is a 78,318-square-foot commercial building that's over 70% leased.

Location, location, location is being replaced by accessibility, connectivity and amenities.

The city in releasing the RFP is hopeful that the sale of the 18 acres will result in the development of mixed-use, residential or office and or hospitality and retail development on the site.