Category Archives: Chicago

First Industrial Sells Six Baltimore Industrial Properties

First Industrial Realty Trust, Inc. reported Tuesday that it has sold six industrial properties in Baltimore, Maryland for gross proceeds of $28.5 million. The assets are comprised of approximately 0.4…

Prospectus Details $75M Loan on 200 West Monroe

J.P. Morgan Chase Commercial Mortgage Securities Corp. has filed a prospectus related to its commercial mortgage-backed securities (CMBS) transaction, J.P. Morgan Chase Commercial Securities Trust 2014-C20, which is comprised of…

Salvation Army Buys Two Park Center in Hoffman Estates for $8.825M

A joint venture partnership between Wells Real Estate Fund XIII, L.P. and Piedmont Operating Partnership, LP, has sold Two Park Center, the four-story office building in Hoffman Estates, IL, to…

Chicago Data Center in Northlake, IL Sells for $211.7M

A subsidiary of Carter Validus Mission Critical REIT, Inc. has acquired 100 percent of the fee simple interest in the Chicago Data Center, a multi-tenant data center facility in Northlake,…

Uncontested Foreclosure Agreement Reached for Northfield Square Mall in Bourbonnais, IL

The special servicer for the Northfield Square Mall in Bourbonnais, IL has reached an uncontested foreclosure agreement with the borrower behind a $24.6 million loan on the asset, according to…

“Shark Tank” Contestant Plated Subleases Space in Elk Grove Village

Springfield, Mass-based Hot Mama’s Foods, a specialty food manufacturer, co-packer and private label resource for organic, all-natural, and gourmet foods, has subleased the space it leases at 2500 Lunt Ave…

Non-Traded REIT Agrees to Pay $25.5M for Prairie Towne Center in Schaumburg, IL

Publicly registered, non-traded REIT American Realty Capital – Retail Centers of America, Inc. has entered into an agreement to acquire the Prairie Towne Center in Schaumburg, Illinois. The seller of…

Mansfield Pointe Shopping Center in Dallas MSA Set to Trade for $28.4M

Inland Real Estate Income Trust Inc is evaluating the purchase of a fee simple interest in Mansfield Pointe Shopping Center, a 148,529 square foot retail center in Mansfield, TX, for…

Horizon Pharma USA Expanding in Deerfield, IL

Under an amended lease that takes effect on May 1, 2014, Horizon Pharma USA, Inc. is set to expand by 8,352 rentable square feet and occupy a total of 34,460…

German American Capital Corp Provides $80M Loan on Sofitel Chicago

Ashford Hospitality Prime, Inc. (NYSE: AHP) has funded its $153 million acquisition of the 415-room Sofitel Chicago Water Tower with proceeds from an $80.0 million non-recourse mortgage loan from German…