WeekLEE News for April 5 - 9, 2015
LEE IN THE NEWS! (Week Review)
WI Industrials Filling Milwaukee/Chicago Gap: GlobeSt.com
Granite Gear to move in: Daily Herald Business Ledger
Lee & Associates Mike Plumb: Chicago Industrial Properties
Lee & Associates Negotiates the Sale and Lease Back of Industrial Building in San Marcos: California Real Estate Rama
CenterPoint Properties announces the acquisition of 1800 Lower Road, Linden, NJ: American Journal of Transportation
Bifurcation in Two Forms: GlobeSt.com
Willis Tower buyer gobbling up suburban buildings: After agreeing to buy the Willis Tower, private-equity firm Blackstone Group is adding roughly the same amount of space in Chicago's suburbs—but spread over many buildings. Crain's Chicago Real Estate Daily
Foreign Investment in US Industrials Drops: CHICAGO—Foreign investors have been clamoring to get into the US industrial real estate sector for years, but in 2014 the level of investment dropped, according to a new report by Avison Young’s national industrial capital markets group. GlobeSt.com
5 Rahm Real Estate Plans to Watch in Second Term: Now that Rahm has pushed ahead to victory in the city's first-ever mayoral runoff election Tuesday night, he will soon be returning his attention to some of the fiscal, housing and development matters that stand to affect Chicago real estate the most. Bisnow.com
27 Sprint-RadioShack stores to open in Chicago area tomorrow: Sprint's big push into the Chicago area will begin tomorrow with the opening of 27 new stores here. Crain's Chicago Real Estate Daily
WI Industrials Filling Milwaukee/Chicago Gap: CHICAGO—Southeast Wisconsin has become one of the Chicago region’s hottest industrial markets, and developers are starting to take long looks at Racine County just to the north, opening up the possibility of linking the Chicago and Milwaukee markets. GlobeSt.com
Recent LEE Transactions
AURORA, Ill. —April 7, 2015—Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has completed a lease for a 140,000-square-foot industrial space located at 2580 Prospect Court in Aurora. Mike Androwich Jr., associate of Lee & Associates of Illinois represented the tenant, International Paper, a global leader in the paper and packaging industry. The landlord, Space Centers was represented by Jeff Blake of Paine Wetzel.
Celebrating more than 36 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in the country with 52 locations across the nation including California, Colorado, Arizona, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Maryland, Michigan, Missouri, Nevada, New Jersey, New York, Ohio, South Carolina, Texas, and Wisconsin. With almost 800 brokers nationwide, Lee & Associates provides a wide range of specialized commercial real estate services on a local, regional and national level.