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CHICAGO-Rapid Displays has leased 30,000 sf at 4532 S. Kolin Ave., a manufacturing and distribution facility that had been vacant for two years before Urban Investment Research Corp. embarked on a $4-million renovation of the property. The city council has endorsed a Cook County Class 6(b) tax assessment break for the property to help offset the cost.

HSA Commercial assistant vice president Dennis Salinas represented Urban Investment Research Corp., whose 255,000-sf building is on 12 acres in the Stevenson Industrial Corridor, while Epic/Savage represented Rapid Displays.

The city also is issuing a $3-million industrial development revenue bond to help finance the build-out of a bulk manufacturing facility at 2201 W. Campbell Park Dr., where Texas-based Genomics will manufacture microarrays, which are used to view DNA.

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