Colortile Building is Rehabbed, To Enter Chicago Leasing Market.CHICAGO--(BUSINESS WIRE)--Sept. 23, 1998--Griffin Capital has completed rehabilitation rehabilitation: see physical therapy. of a 180,000-square-foot industrial building at 750 Central Ave., in University Park, Ill. which it acquired last December for $2.5 million pursuant to the Colortile Inc. bankruptcy bankruptcy, in law, settlement of the liabilities of a person or organization wholly or partially unable to meet financial obligations. The purposes are to distribute, through a court-appointed receiver, the bankrupt's assets equitably among creditors and, in most . The property restoration program included installation of a new heating system, re-ducting the new heating units, resealing roof joints, interior and exterior painting, and acid washing acid washing n. A washing process in which stones soaked in chlorine acid are used to soften and bleach fabric, especially denim garments. ac the concrete floor surface, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Kevin A. Shields, managing director. Shields disclosed that an 8,600-square-foot truck service facility located on a 3-acre parcel had been divided from the warehouse property and sold to a local truck service maintenance company. Shields also revealed that 60,000 square feet of space was recently leased to Sears on a short-term Short-term Any investments with a maturity of one year or less. short-term 1. Of or relating to a gain or loss on the value of an asset that has been held less than a specified period of time. basis. Los Angeles-based Griffin Capital is a real estate investment bank that specializes in acquiring and financing structured net-leased real estate assets. Griffin Capital is an NASD-licensed broker-dealer formed by Shields in July 1995. |
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