|The biggest Big Ten football match-up may be Ohio State vs Purdue, but the biggest real estate match-up revolves around the state line to the east. We snapped RE/MAX’s Michael Lunn and Newmark Knight Frank Epic’s John Joyce
on Thursday, and Michael told us a lot of businesses have made the
move across the border from south suburban towns (like Modern Drop
Forge from Blue Island), bringing their real estate with them. He recently brokered the sale of 54 acres for the Franciscan Alliance, which will be the home of the University of St. Francis.
John disagrees, saying Chicago will always be a powerhouse because of
its technical and specialized workforce, as well as O’Hare Airport's
status. He recently signed a 66k SF lease with Multigroup Logistics in Franklin Park, a 15k SF flex space lease in Arlington Heights for MTM Technologies, and a 10k SF flex space lease for BancSource in Addison. They all needed the skilled workforce from Chicago’s 9.5 million-person MSA.