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Distribution Realty Group Announces 3.5 Million Square Feet of New Industrial Development prweb.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prweb.com Daily Mail and Mail on Sunday newspapers.
Distribution Realty Group Announces Two DuPage County Spec Buildings in Aurora’s Meridian Business Campus Share Article A joint-venture between Distribution Realty Group LLC (“DRG”) and a private real estate fund advised by Crow Holdings Capital (“CHC”) has announced its plans to develop two speculative industrial buildings totalling approximately 140,000 square feet and 75,000 square feet at 925 and 805 Enterprise Street in the master-planned Meridian Business Campus in Aurora, Illinois. A rendering of DRG s speculative warehouse currently under construction in Aurora, Illinois. CHICAGO (PRWEB) May 05, 2021 A joint-venture between Distribution Realty Group LLC (“DRG”) and a private real estate fund advised by Crow Holdings Capital (“CHC”) has announced its plans to develop two speculative industrial buildings totalling approximately 140,000 square feet and 75,000 square fe ....
The seller of the 73.4-acre site, located at 3864-3872 Logistics Way near an Amazon facility, was an LLC that paid $6 million for the land in early 2017. A massive warehouse (pictured above in a mid-2020 photo) now sits on the property. The LLC is affiliated with Distribution Realty Group, which is co-based in Chicago and Nashville. According to its website, DRG has acquired and developed sites with industrial buildings offering a collective more than 4.3 million square feet and with a total market capitalization in excess of $330 million. The new owner is Madison, New Jersey-based PGIM Real Estate, which is affiliated with PGIM Inc., the former Prudential Investment Management. PGIM is the $1.3 trillion global asset management business of Prudential Financial Inc. ....
Javascript is disabled in your web browser. For full functionality of this site it is necessary to enable JavaScript. Please Allow Javascript and reload this page. Here are Chicago’s 10 biggest investment sales of 2020 Office deals led the pack, including sale of McDonald’s HQ in Fulton Market and Michael Shvo’s purchase of “Big Red” tower in Downtown Chicago /
As with most other cities, Chicago’s commercial real estate market went off the rails in 2020, upending what had been a promising start to the year. Demand for office space tanked, hotels emptied out leaving owners struggling to pay their loans and Covid restrictions strangled retailers whose customers dared to venture into brick-and-mortar stores. ....