Regions Midwest
Central Grocers Breaks Ground on New Headquarters in Joliet
July 31, 2008

Central Grocers Inc. broke ground on its new headquarters building in Joliet, Ill. The 934,490-square-foot building is the largest freezer cooler building slated for construction in the United States this year. Grubb & Ellis Co. represented Central Grocers on the land acquisition. The state-of-the-art distribution facility will have approximately 45,000 square feet of office space, 340,000 square feet of freezer cooler space and 550,000 square feet of ambient warehouse. The project, which is supported by $3.8 million in DCEO’s Economic Development for a Growing Economy corporate tax credits and an $87,500 Employer Training and Investment Program grant, is expected to be operational in the first half of 2009.

 
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.