Industrial developers continue to build in the Midwest because demand remains heightened, outpacing sup-ply. The only question is, how long will it last? Developers are a bit more cautious going into the fourth quarter in case tenants start to pull back due to economic headwinds. Read about four industrial develop-ments underway in Ohio, Minnesota and Wisconsin in one of our feature stories this month. While some Chicago retailers have vacated storefronts, others have seized opportunities to expand. For instance, Canadian women’s fashion retailer Aritzia leased Gap’s former space at 555 N. Michigan Ave. The 46,000-square-foot space marks Ari-tizia’s fourth Chicago-area location. While some institutional owners have paused transaction activity in the retail market due to economic un-certainty, private capital has stepped up to the plate. Sources in our Chicago retail story say that most of the current transaction activity is being driven by private investors. Experiential retail is another topic within our Chicago feature. Color Factory, an immersive art museum, recently opened at Willis Tower. The 24,000-square-foot space represents PUBLISHERS’ NOTE WHILE SOME DOORS CLOSE, OTHERS OPEN October 2022 • Volume 21, Issue 2 FRANCE MEDIA, INC. Jerry France .............................Chairman & CEO/Publisher Scott France ................................. President/Co-Publisher Scott Philp ...................................... Chief Financial Of cer Jaime Lackey ....................VP, Marketing & Digital Strategy Randall Shearin .......................SVP, Editorial & Operations Jerry France Publisher Scott France Co-Publisher EDITORIAL Matt Valley ........... Editorial Director, Real Estate Regionals Kristin Hiller .............................................................Editor John Nelson .............................................. Assistant Editor Jeff Shaw .................................................. Assistant Editor Taylor Williams...........................................Assistant Editor Julie Hunt ...............................................Graphic Designer Nick Topolski ..........................................Graphic Designer Color Factory’s largest venue and agship location, following openings in Houston and New York City. Five Iron Golf, an indoor golf simulation experience, is opening a new location in Chicago’s Lincoln Park, following previous leases in The Loop and River North. Exciting new retail concepts, restau-rateurs and entertainment venues will converge at our eighth annual Enter-tainment Experience Evolution , which will take place March 7-8 at the JW Marriott LA Live. Attendees will learn from and network with the industry’s leading experts to see rsthand how retail and entertainment-oriented envi-ronments are succeeding in a new era. Visit interfaceconferencegroup.com and secure your early bird rate. ADVERTISING Scott France ..................................................Co-Publisher Barbara Sherer ............................................Media Advisor INTERFACE CONFERENCE GROUP Richard Kelley .................................. Senior Vice President Kelly Moustafa...............................Conference Coordinator Andria Gibson....................................Conference Manager Yohan Lee.....................Conference Marketing Coordinator CIRCULATION AND ADMINISTRATION Teresa Hennington .....................................Of ce Manager Carol Spach..................Director of Audience Development Heartland Real Estate Business (ISSN 1542-8311) is published monthly by France Publications, Inc., d/b/a France Media, Inc., 3535 Piedmont Rd. NE, Suite 950, Atlanta, GA 30305. Telephone (404) 832-8262, facsimile (404) 832-8260. E-mail: heartland@francemediainc.com. Periodicals postage paid at Atlanta, GA, and additional mailing of ces. POSTMASTER: Send address changes to: Heartland Real Estate Business, P.O. Box 308, Skokie, IL 60076. Heartland Real Estate Business is a registered trademark of France Pub-lications, Inc. Subscription rates: USA 1 year $65; 2 years: $112. Single copies are $10. For subscriber services, in-cluding change of address or subscrip-tions, please email HREB@omeda.com or call (855) 736-2644. ©2022 France Publications, Inc. For reprints or to photocopy articles, please contact Barbara Sherer at (404) 832-8262. The opinions and statements made by authors, contributors and advertis-ers to Heartland Real Estate Business are not necessarily those of the editors and publishers. SINGLE-TENANT INDUSTRIAL BUILDING FOR LEASE 2615 Endress Place • Greenwood, IN • 101,350± sf building available March 2023 • 93,600 sf warehouse • 2,750 sf office • Four-minute drive to the I-65/Worthsville Rd interchange and 13-minute drive to I-465 • Large Industrial (I-L) zoning allows for a variety of industrial uses • $4.85/SF NNN rate • Estimated OPEX: $1.10/SF • 21’ -31’ clear height • 25’ x 50’ column spacing • Six (9’ x 10’) exterior dock doors and one (15’10” x 21’) internal dock door • Three drive-in doors total • One (12’ x 14’) • One (20’ x 14’) • One (12’ x 12’) with ramp 4 • October 2022 • Heartland Real Estate Business • Wet sprinkler system • Existing pylon signage along Endress Place • 1,600 -2,000 amp, 277 -480 volt power • 100± car parking spaces • Built in 1975 and renovated in 2003 GET MORE INFORMATION Conrad Jacobs Vice President 317.210.8804 conrad.jacobs@avisonyoung.com avisonyoung.com www.REBusinessOnline.com
Heartland Real Estate Business October 2022: Page 4
