Company Updates & Chicago Commercial Real Estate News

What Goes Into the Valuation of an Industrial Property - ICG CRE

5 Questions (and Answers) About What Goes Into the Valuation of an Industrial Property

February 2, 2023 Industrial Real Estate

Valuing an industrial property is not an easy feat. It requires a deep understanding of the local market, the particular characteristics of the property / assets, and other important factors. This article will provide insight into what goes into the…

Chicago Industrial Real Estate Summary - ICG CRE Industrial Real Estate

Chicago Industrial Real Estate Market Summary Q4 2022

February 1, 2023 Chicago Commercial Real Estate

Before we dive into specific statistics for the Chicago industrial real estate market in Q4 2022, we want to highlight an important statistic that investors keep an eye on, the market cap rate, which currently sits at 5.6% in Chicago….

Chicago Commercial Real Estate News - Office and Industrial Real Estate -ICG CRE

Chicago Commercial Real Estate News Highlights 2022

January 18, 2023 Chicago Commercial Real Estate

Following are some of the highlights in the Chicago CRE markets making headlines in the 4th Quarter of 2022: several large property acquisitions, Chicago’s industrial vacancy rate, a major financing deal, and more. ICG goes through the latest Chicago commercial real…

ICG Chicago awarded Huntley IL Build to Suit transaction

February 1, 2022 Uncategorized

ICG Chicago was engaged by an IL based National transportation operator to provide relocation services throughout various major transportation corridors of Chicagoland. Given the heavy industrial nature of the use consisting of over 100 dedicated truck and trailer stalls, repair…

ICG brokers 53 acre Industrial site in Elgin IL

January 19, 2022 Uncategorized

ICG’s Mike Hawryluk represented a long-term national client in the acquisition of approximately 53 acres in Elgin IL. The site is slated for industrial development and is 1 of 2 remaining pieces of land of its size within the Elgin…

Off Market Elk Grove Village Acquisition

January 19, 2022 Uncategorized

Magnetic Inspection Laboratory (“MIL”) acquires the 1355 Greenleaf Avenue facility in an off market transaction to further support their continued manufacturing line expansion. The 40,000 sf former “Ability Metals” facility will help accommodate MIL’s growth in the areas of aerospace,…

ICG Brokers off-market investment acquisition

December 29, 2021 Uncategorized

ICG Chicago’s Mike Hawryluk successfully brokered the off-market acquisition for his clients who were interested in the 48,000 sf facility on +/-14 acres in unincorporated Elgin, IL. Given the lack of inventory in today’s market we are having to get…

ICG fills Round Rock TX 150,000 sf speculative facility

November 1, 2021 Uncategorized

Mike Hawryluk, Managing Principal with ICG Chicago, together with Jeff Lewis of the Weitzman Group, helped a specialized manufacturing client find a suitable facility in Round Rock TX in a long-term lease transaction. Through the process the client modified their…

ICG’s Mike Hawryluk represents Purchaser of 196 acres in I90 Corridor

October 15, 2021 Uncategorized

ICG’s Mike Hawryluk represents private investor client in the acquisition of +/-196 acres with over 1,800′ of frontage on I-90 in Kane County Gilberts.

ICG Represents The GEO Group (NYSE: GEO) in the disposition of their Willowbrook IL facility

October 10, 2021 Uncategorized

The team of Mike Hawryluk, Robert J. Russell Jr, and Michael Piscoran, SIOR worked on behalf of The GEO Group Inc (NYSE: GEO) in the disposition of their +/-17,000 sf facility on 12 acres in DuPage County Willowbrook, IL. The…

Over 500 acres newly awarded to ICG Chicago

May 19, 2021 Uncategorized

The team of Mike Hawryluk, Michael Piscoran SIOR, and Robert J Russell Jr were awarded over 500 acres of industrial and commercial land sites as new disposition projects in the I88 corridor. The private ownership groups, while having no relation,…

Arlington Equipment acquires 160,000 sf, sells their headquarters

February 15, 2021 Uncategorized

After being in the O’Hare market for over 3 decades, Arlington Machinery has acquired the 650 Church facility in Lake Zurich. The +/-160,000 SF industrial facility will provide tremendous growth for the company’s growing clientele. Their former headquarters facility, a…

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