Regions Midwest
Distributor Expands to Entire 231,900-SF Chicago-Area Building
Sept 5, 2008

It took only a few months for Rivera Logistics, a distributor for Seoul, Korea-based Hankook Tires, to determine that it needed more elbow room at its new locale. Early spring found the company signing a five-year lease with HSA Commercial Real Estate to occupy 231,900 square feet at the industrial property at 1203 Bilter Rd. in Aurora, Ill, and now late summer has brought a change in the agreement. The company recently committed to the entire 294,800-square-foot building, expanding its months-old lease by 62,900 square feet. Developed just one year ago, 1203 Bilter Rd. is part of Aurora Distribution Center Phase II, a complex that includes the 125,000-square-foot building at 1207 Bilter Rd.  Reviva was represented in the transaction by CRESA partners, while HSA turned to Colliers Bennett Kahnweiler.

 
Recent Midwest Headlines
JV to Develop 162,000-SF Office Building near Chicago
Nov. 20, 2008
Bridge Development Partners L.L.C. in partnership with Globe Corp. will develop 555 Corporate Center, a 162,000-square-foot, four-story speculative office building at 555 Aptakisic Road in Lincolnshire, Ill.  Plans call for the Class A office facility to be LEED certified by the U.S. Green Building Council.
ProLogis Leases 750,000 SF near Chicago
Nov. 13, 2008
ProLogis has leased approximately 750,500 square feet near Chicago to Kimberly-Clark Corp., a leading global, health and hygiene company.
Developers Diversified, Cole Form JV for Missouri Shopping Center
Nov. 07, 2008
Developers Diversified Realty Corp. has formed a $62 million joint venture with Cole Real Estate Investments for the ownership of Independence Commons, a 386,000-square-foot shopping center in Independence, Mo.
Cormac Nets $145M Loan for Kansas Retail Project
Nov. 05, 2008
The Chicago office of Holliday Fenoglio Fowler L.P. has arranged a total of $145.3 million in construction financing and joint venture equity for Corbin Park, a regional, open-air retail village being developed in Overland Park, Kan., by Cormac Co.
Vail Resorts Acquires Colorado Mountain Express for $38M
Nov. 03, 2008
Vail Resorts Inc. closed its transaction to acquire the resort ground transportation business, Colorado Mountain Express, for $38.3 million, which amount will be adjusted for the final balances of certain working capital related accounts as well as the obligation of Vail Resorts to reimburse the seller for certain new capital expenditures.