Chicago Industrial Properties

June 19, 2017

Amazon acquires Whole Foods Market for $13.7B

Amazon will acquire Whole Foods Market for $13.7 billion during a period where grocery stores are changing rapidly, according to a statement from Amazon on Friday. Whole Foods Market will continue to operate stores under the same brand and John Mackey will remain as CEO of Whole Foods and the headquarters for the company will stay in…
May 22, 2017

V3 makes 8 employees shareholders of company

V3 Comapnies has made 8 employees shareholders, according to a company announcement. “When employees are equally dedicated to V3, we relish the opportunity to recognize that by asking them to join us as owners,” said Rob Petroelje, V3’s president and CEO, in a statement. The new group of shareholders brings the number of V3 owners…
May 4, 2017

NAI Hiffman secures three industrial leases in Chicago’s suburbs

NAI Hiffman represented three companies in industrial lease transactions in Franklin Park, Bolingbrook and Bridgeview. Dealer Tire renewed its existing 118,235-square-foot lease at 3708 River Road in Franklin Park. Dealer Tire was represented by Tom Walrich of Lee & Associates. Crane Nuclear signed a lease for a 53,720-square-foot lease at 860 Remington Boulevard in Bolingbrook. Crane…
April 25, 2017

Stan Johnson & Co. report: Single-tenant net-lease properties had second best year ever in 2016

The commercial real estate market is a busy one today. And few property types are generating as much activity as are single-tenant net-lease properties. Stan Johnson & Co. recently released its latest research report on this sector. And the biggest news? In the fourth quarter of 2016, the sale of single-tenant net-lease properties grew 34…
April 16, 2017

Industrial professionals catch AIRE’s 2017 Virtual Market Tour

The Association of Industrial Real Estate Brokers held its biggest annual event, the 2017 Virtual Market Tour, at The Cube at Rivers Casino in Des Plaines, Illinois on Thursday. The theme at this year’s event was Catching AIRE—a play on the organizations name and extreme sports where daredevils catch air. The video displaying industrial properties around Chicago…
April 11, 2017

NAI Hiffman promotes VP to COO

Michael Flynn moved up from Executive Vice President to Chief Operating Officer for NAI Hiffman, the company announced Wednesday. Flynn will provide leadership and management necessary to execute the firm’s expansion strategy and enhance its operations. He has more than 30 years of experience in commercial real estate leasing and tenant representation. Most recently he…