Business Specialties Leasing
Sports Product Retailer Triples Warehouse with 207,000SF Lease
July 18, 2008

Driven to expand its operations due to increasing demand, Dreams Retail Inc. has leased the industrial building at 725 Landwehr in Northbrook, about 25 miles from Chicago, Ill. The 207,000-square-foot structure, originally developed 24 years ago to serve as the headquarters for Crate & Barrel, leaves the internet and retail store sports memorabilia company with over triple the amount of warehouse space it had at its former locale approximately 10 miles away in Niles. Included in the structure is a 56,000-square-foot office segment. Dreams Retail signed the lease at 725 Landwehr with ProLogis, which was represented by Colliers Bennett & Kahnweiler Inc.

 
Recent Leasing Headlines
Mack-Cali Taps CBRE as Leasing Agent for Manhattan’s 125 Broad St.
CB Richard Ellis has been selected by Mack-Cali Realty Corp. as the exclusive agent to lease a portion of its office holdings at 125 Broad St. in New York City.
Verizon Signs 72,696-SF Lease Extension in Chicago
Verizon Business Services, a unit of Verizon Communications, signed a 72,696-square-foot lease extension at Michigan Plaza, the two-tower complex located at 205/225 N. Michigan Avenue in Chicago.
Cushman Report: Even Manhattan Humbled in 2008 
After a steep decline in office rents and leasing activity at the end of 2008, many owners are attempting to lure tenants with aggressive deals, according to Cushman & Wakefield Inc.’s year-end report on the Manhattan office market.
ProLogis Leases 282,000 SF to Safelite AutoGlass
ProLogis has leased approximately 282,000 square feet at ProLogis Park Ontario Airport in Ontario, Calif., to Safelite AutoGlass.
Pantheon Signs Pair of Tenants in New Jersey
Pantheon Properties has signed on two long-term tenants for more than 42,000 square feet at their Newark and Secaucus, N.J., industrial properties.