In a Down Economy, Green Projects Need to Compromise to Stay Alive

21 Jul

Green Exchange looks to sign freight firm as first major tenant

By: Eddie Baeb July 19, 2010 | Crain’s

A bid to convert a former lamp factory into the nation’s biggest showcase for environmentally friendly businesses may be salvaged by a not-so-green tenant: a freight brokerage firm.

Developers of the project, dubbed the Green Exchange, are in discussions with Coyote Logistics LLC about moving its headquarters and operation from Lake Forest to the four-story building on the Northwest Side in a deal that would involve more city subsidies for the $54-million project.

Fast-growing Coyote, which has more than 100 employees locally and 340 nationwide, would lease between 18% and 31% of the 227,450 square feet of available space at the Green Exchange, sources say.  More…


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