Regions Midwest
ProLogis Leases 750,000 SF near Chicago
Nov 13, 2008
By: Elena Gontar, Staff Writer

ProLogis has leased approximately 750,500 square feet near Chicago to Kimberly-Clark Corp., a leading global, health and hygiene company.

ProLogis Park 55 is a distribution park located southwest of Chicago in Romeoville, Ill., off Interstate 55. ProLogis owns and operates six buildings in the industrial park, comprising more than 3.1 million square feet of class A distribution space.

This transaction marks the third lease agreement between the two companies. Kimberly-Clark now occupies approximately 1.6 million square feet with ProLogis in various locations across North America.  

“This is one of the largest lease agreements for ProLogis in the United States this year in previously unleased space,” Doug Kiersey, senior vice president and Midwest regional director for ProLogis noted. “We are pleased to extend our business relationship with Kimberly-Clark and improve our overall leased percentage in the greater Chicago market to 92 percent.”

 
Recent Midwest Headlines
Heartland Acquires 37 Industrial Acres in Ohio
Heartland Inc. has acquired 37 industrial acres in Washington Court House, Ohio, where it plans on building a structural steel service center.
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.
Midwest Industry Hit by Recession
Various international tempests and other factors, such as uncertainty over the price of oil, seemed to drive the markets down Monday, but only slightly. The Dow Jones index ended 31.62 points down, or 0.37 percent, while the S&P 500 was off 0.39 percent and the Nasdaq was down more--1.3 percent.
$87M Casino Gets Under Way in Historic Dodge City
Ground will officially be broken on Monday for the $87.5 million Boot Hill Casino and Resort in Dodge City, Kan., although construction is already under way. The developer is Butler National Service Corp., a subsidiary of Butler National Corp., in conjunction with BCH Development.
calhoun square NorthMarq to Manage 845,000 SF of Twin Cities Retail Space
NorthMarq is adding six new third-party retail assignments to its retail property management and brokerage business in the Minnesota's Twin Cities.