WeekLEE News for June 1 - 5, 2015
LEE IN THE NEWS! (Week Review)
Profile: Lee & Associates’ Ryan Kehoe discusses how his father’s accomplishments in real estate influence him in the industry: Chicago Industrial Properties
THE BEST (AND EASIEST) MARKETING TOOL FOR REAL ESTATE PROFESSIONALS: So why is it so uncommon to find real estate professionals writing their own blogs? Of course there are several great examples of those that do: Allen Buchanan, Lee & Associates. The News Funnel
Lee & Associates: Mike Woldman, Edward Winslow, Joe Grody, Jeffrey Howard: Daily Herald Business Ledger
10 Markets with Biggest Increases in Construction Loans: With property fundamentals improving and everyone eager to capitalize on the current real estate boom, lenders have been competing to underwrite new mortgages on existing assets. National Real Estate Investor
10 Must Reads for the CRE Industry Today (June 4, 2015): National Real Estate Investor
A Look at How DTZ and Cushman & Wakefield's U.S. Market Coverage Stacks Up: Integration Considerations Loom Large in Pending Merger and Include More Than Just Headcount in Markets Where DTZ, C&W and Former Cassidy Turley Share a Presence. Costar News
Capital Raising On the Rise: Almanac, Blackstone, Berkshire, TPG All Bringing In Dollars for CRE Investment: Other Real Estate Fundraising Efforts Targeting Development and Value-Add, Office Buys. Costar News
Industrial Shows No Danger Signs Ahead: LOS ANGELES—The industrial sector is booming with an abundance of capital in the market, supply levels in check and soaring tenant demand, according to Jim Carpenter, executive director at Cushman & Wakefield. GlobeSt.com
Antioch buys 50 acres for $1 million to boost growth: ANTIOCH -- Officials plan to invest more than $1 million in land they say has potential for economic development and other uses. Daily Herald Business Ledger
Illiana toll road still has a pulse, despite Rauner cuts: So, is the proposed Illiana Corridor dead, on terminal life support or merely banged up and likely to recover? Crain's Chicago Business
'Prevailing wage' law doesn't lower costs—it lowers standards: Corporate types continually advise us that Illinois is losing ground to Indiana and that we must follow our neighbor's abandonment of prevailing wage, and adoption of right to work, to succeed. Crain's Chicago Business
Industrial developments seeking out Northwest Indiana for business, bargains: Northwest Indiana is experiencing an influx of new industrial developments with an increasing number of Chicago-based companies jumping the state border for business. Chicago Industrial Properties
Recent LEE Transactions
Lee & Associates completes 53,550 SF lease renewal in Elk Grove Village
ELK GROVE VILLAGE, Ill. —June 3, 2015—Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has completed a lease renewal for a 53,550-square-foot industrial building located at 2375 Touhy Ave., Elk Grove Village, Ill. Chris Nelson, principal of Lee & Associates of Illinois represented the tenant, The Greenlee Diamond Tool Company/DoALL Company, a manufacturer of diamond and super abrasives products.
Lee & Associates completes lease expansion on behalf of KTR Capital
ELK GROVE VILLAGE, Ill. —June 3, 2015—Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has completed a lease expansion on a 46,099-square-foot industrial space located at 2125 Lively Ave. in Elk Grove Village, Ill. Principals, Chris Nelson and Jeff Janda, SIOR of Lee & Associates Illinois represented the landlord, KTR Capital. The tenant, Ropak Central, Inc., was represented by Sally Macoicz of Cushman and Wakefield.
Lee & Associates completes 8,839 flex industrial lease on behalf of Fastmore Logistics
ELK GROVE VILLAGE, Ill. —June 4, 2015—Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has completed a lease for a 8,839-square-foot industrial flex space located at 931 Busse Road in Elk Grove Village, Ill. Terry O’Hara, senior vice president of Lee & Associates of Illinois represented the tenant, Fastmore Logistics, a provider of expedited logistics solutions to international and domestic freight forwarders. The landlord, DK Commercial, was represented by Colliers International.
Lee & Associates of IL negotiate sale of 41,208 SF industrial building in Schiller Park
SCHILLER PARK, Ill.—June 4, 2015— Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has closed a $1.5 million sales transaction for a 41,208-square-foot industrial building located at 3801 N. 25th Ave. in Schiller Park, Ill. Chris Nelson, principal, of Lee & Associates’ Illinois office, represented the seller, Humboldt Manufacturing Co. Dan Benassi of Entre Commercial Realty represented the buyer, Faulk Properties, Ltd., A&C Plastics., a plastic sheeting manufacturing company.
Lee & Associates of Illinois represent Seasonal Design Inc. in the purchase of a 21,625 SF industrial building
WAUKEGAN, Ill.—June 4, 2015— Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has closed a sales transaction for a 21,625-square-foot industrial building located at 1570 Lakeside Dr. in Waukegan, Ill. John Sharpe, principal of Lee & Associates’ Illinois office, represented the buyer, Seasonal Design Inc. Ryan Bain of CBRE represented the seller, Met-Pro Corporation.
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.