Category Archives: Chicago

Franklin St Taps HFF to Explore Sale of 303 East Wacker in Chicago

In a letter sent to shareholders on Thursday, George J. Carter of Boston-based Franklin St Properties said that his company has retained Holliday Fenoglio Fowler, L.P. to facilitate the potential…

Naperville Multifamily Community Selling for $66.7M

Resource Real Estate Opportunity REIT II, Inc reported Monday that it has agreed to purchase a 319-unit multifamily community in Naperville, IL for $66.7 million plus closing costs. The buyer…

Short-Term Hold Strategies in East Loop Driving Concessions Packages to All-Time High, Says Local Owner

The president and CEO of the company that owns 303 East Wacker in Chicago told investors this week that new owners in the East Loop are offering extremely high concessions…

Columbia Property Trust Targets 14 Properties for Disposition

Atlanta, GA-based Columbia Property Trust, Inc. reported this week that it is targeting 14 assets for disposition during 2015. In January of this year, Columbia Property Trust acquired the 116…

Appraisal Puts 131 South Dearborn Tower in Chicago Underwater

The appraised value of the 1.7 million square-foot Citadel Center at 131 South Dearborn in Chicago has dropped to $400 million, below the $472 million in CMBS loans on the…

Plymouth Industrial REIT Acquires 2.63M SF Portfolio for $95.6M

Subsidiaries of the operating partnership of Boston-based Plymouth Industrial REIT, Inc. have completed the acquisition of 13 industrial properties located in Illinois, Ohio and Tennessee. The properties consist of an…

Heidrick & Struggles Extends Lease, Consolidates at Willis Tower

Executive search firm Heidrick & Struggles has amended its lease at the Willis Tower at 233 South Wacker Dr in Chicago and extended its lease term in the building through…

Industrial Property Trust Agrees to Acquire O’Hare Distribution Center for $27.1M

IPT O’Hare DC LLC, a subsidiary of Denver, CO-based Industrial Property Trust Inc., has entered into an agreement to acquire a 100 percent fee interest in the O’Hare Distribution Center,…

RestorGenex Corp Relocating HQ to 2150 East Lake Cook Road in Buffalo Grove

RestorGenex Corp,  a specialty pharmaceutical company focused on developing products for dermatology, ophthalmology and women’s health, has entered into a lease agreement with Riverwalk South, L.L.C. to relocate its corporate…

Franklin St Properties Updates Investors on Status of 303 East Wacker Dr

In a letter sent to shareholders on Wednesday, George J. Carter, President of FSP 303 East Wacker Drive Corp, a subsidiary of Boston-based Franklin St Properties, updated investors on the…