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Server Farm Realty LLC Adds Second Data Center in Chicago to Portfolio

Server Farm Realty LLC Adds Second Data Center in Chicago to Portfolio

Server Farm Realty LLC has expanded its presence in the Chicagoland market with the acquisition of a data center facility. The Los Angeles-based company has acquired the data center facility located at 800 and 810 Jorie Boulevard in Oak Brook, Ill. for $16,250,000. The Oak Brook facility becomes the company’s…

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John Hancock Acquires Iconic 200 South Wacker Tower

John Hancock Acquires Iconic 200 South Wacker Tower

After KBS REIT III acquired the 1.5 million-square-foot tower located at 500 West Madison Street in downtown Chicago earlier this month, another skyscraper has changed owners in Chicago. The 40-story 200 South Wacker has been acquired by John Hancock for $214.5 million.…

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KBS REIT III Acquires 500 West Madison and Names Transwestern Exclusive Leasing & Management Agent

KBS REIT III Acquires 500 West Madison and Names Transwestern Exclusive Leasing & Management Agent

Transwestern recently announced it has been named the exclusive leasing agent and property manager for Citigroup Center. Located at 500 West Madison Street in downtown Chicago, the 1.5 million-square-foot Class A mixed-use tower was purchased by KBS Real Estate Investment Trust III for around $425 million plus closing costs.…

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Liberty Property Trust Renews Leases with Five Tenants in Recently Acquired Industrial Buildings

Liberty Property Trust Renews Leases with Five Tenants in Recently Acquired Industrial Buildings

Liberty Property Trust recently announced it has renewed leases with five tenants, totaling 277,495 square feet of industrial space.…

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Zurich North America Reveals Team to Develop and Design New North American Headquarters in Schaumburg

Zurich North America Reveals Team to Develop and Design New North American Headquarters in Schaumburg

By Gabriel Circiog, Associate Editor Zurich North America recently announced it has entered into agreements with Clayco, Goettsch Partners and CannonDesign for the development and design of their North American headquarters in Schaumburg. “We want our new, state-of-the-art campus in Schaumburg to be a source of pride for both the…

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Ivanhoé Cambridge Adds 1.4 MSF of Office Space to West Loop Portfolio

Ivanhoé Cambridge Adds 1.4 MSF of Office Space to West Loop Portfolio

Ivanhoé Cambridge recently announced that it has expanded its Chicago office portfolio by acquiring twin office buildings 10 and 120 South Riverside Plaza, in partnership with Callahan Capital Properties.…

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Brennan Investment Group and DLJ Real Estate Capital Partners Announce Industrial Development Project

Brennan Investment Group and DLJ Real Estate Capital Partners Announce Industrial Development Project

Brennan Investment Group LLC and DLJ Real Estate Capital Partners LLC recently announced the acquisition of around 8 acres of land in Des Plaines, Illinois.…

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The Opus Group and USAA Real Estate Co. Start Construction on 604,565 SF Speculative Industrial Building

The Opus Group and USAA Real Estate Co. Start Construction on 604,565 SF Speculative Industrial Building

The Opus Group and USAA Real Estate Company recently held a ceremonial groundbreaking ceremony and announced the start of construction on a new 604,565-square-foot speculative industrial building in North Aurora, Illinois.…

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Inland American Real Estate Trust Inc. Acquires Hotel Monaco Chicago;

Inland American Real Estate Trust Inc. Acquires Hotel Monaco Chicago;

Inland American Lodging Group Inc., a wholly owned subsidiary of Inland American Real Estate Trust Inc., recently announced the acquisition of three luxury boutique hotels from Kimpton’s Hotel Monaco collection. The three hotels, acquired for a purchase price of $189 million include the Hotel Monaco Chicago, Hotel Monaco Denver and…

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LifeStorage Opens New Facility in Chicago’s West Loop

LifeStorage Opens New Facility in Chicago’s West Loop

LifeStorage has recently announced the opening of its new self storage venue in the rapidly growing, historic Chicago West Loop neighborhood. The Chicago-based self storage provider for residential and commercial clientele, LifeStorage, was founded in 2002 with a single storage facility and has since then grown to 49 storage facilities…

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Reed Construction to Renovate Aon Corp. Headquarters at The Aon Center; Urban Innovations Announces Signing of Five New Leases

Reed Construction to Renovate Aon Corp. Headquarters at The Aon Center; Urban Innovations Announces Signing of Five New Leases

Reed Construction, a full-service general contractor, recently announced it has been chosen to complete a 375,000-square-foot renovation for Aon Corporation at The Aon Center in Chicago.…

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Berkadia Arranges $46.4 Million for Two MF Properties

Berkadia Arranges $46.4 Million for Two MF Properties

The Chicago office of Berkadia Commercial Mortgage LLC has recently announced it has closed a total of $46.4 million through the U.S. Department of Housing and Urban Development’s 223(f) program for two apartment communities.…

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