Category Archives: Chicago

Deed-in-Lieu Possible at Marketplace of Matteson Shopping Center

A $16.8 million loan on the 280,821 square-foot Marketplace of Matteson Shopping Center in Matteson, IL has become delinquent for the first time, according to Trepp, which cites February servicer…

Nanosphere, Inc. Expanding in Northbrook

Nanosphere, Inc., a company enhancing medicine through targeted molecular diagnostics, is expanding in Northbrook, IL. Last week, the company exercised a right of first refusal under its recently revised facilities…

Q4 Leases Lift Occupancy at 303 East Wacker to 55 Percent

In a letter to shareholders, George J. Carter, President of FSP 303 East Wacker Drive Corp., the Franklin Street Properties affiliate that acquired 303 East Wacker Dr. in Chicago from…

REIT Buys 1.38M SF Joliet Industrial Facility for $57M

Griffin Capital Essential Asset REIT, Inc. has acquired a single-story industrial facility leased entirely to Caterpillar, Inc. totaling 1.38 million rentable square feet in Joliet, Illinois. The purchase price for…

REIT Agrees to Pay $29M for The Reserve at Eagle Ridge in Waukegan

The operating partnership of Philadelphia-based Independence Realty Trust, Inc. has entered into an agreement to acquire the property known as The Reserve at Eagle Ridge in Waukegan, IL for $29…

KBS Reports 18.5 Percent Increase in Value of 300 North LaSalle

KBS Real Estate Investment Trust II reported Thursday that the value of 300 North LaSalle in Chicago had increased to $776 million, an 18.5 percent increase over the $655 million…

KBS REIT III Pays $425M for 500 West Madison in Chicago, Plans $70M Upgrade

A subsidiary of KBS Real Estate Investment Trust III, Inc. has acquired 500 West Madison in Chicago, an office property containing 1,393,435 rentable square feet of office space and 64,289 rentable…