Burnham Award; The Deal Sheet
|The Metropolitan Planning Council and PNC have awarded the 2010 Burnham Award for Excellence in Planning to Whistler Crossing in Riverdale. The $180M project will one day include 500 units of housing and retail development on the 40-acre site of the former Pacesetter townhomes.|
Photo © Farr Associates
|The townhomes were built during World War II near Acme Steel. But when industrial jobs moved out of the area in the 1960s, the site fell into blight until 2003, when local government leaders set out to redevelop it. They enlisted Holsten Real Estate Development Corp. and Turnstone Development to create a community plan. Aided by financing from 15 different sources, including IHDA and TIF funding, 90 rental units and two mixed-use buildings have already been completed and LEED-ND certified. Three more phases of 125 units each are yet to come.|
Transwestern's Tamara Kos and Christy Domin represented Harbor Group International owners of 2 North LaSalle St., in a 179k SF lease renewal to the law firm of Neal, Gerber & Eisenberg through 2020. The Perkins+Will designed 26-story office tower, which has been owned and operated by Harbor Group since early 2007. CBRE's Todd Lippman and Kyle Kamin repped the tenant.
JLL's Robin Stolberg and Kurt Sarbaugh represented Unified Distributors in the sublease of 31k SF at 600 Heathrow Dr. in Lincolnshire. Cushman & Wakefield's Steve Trapp, John Hauser, and Charlie Des Rosiers repped the sub-landlord, Woodward Governor Co. Unified Distributors is relocating from 3160 Commercial Ave. in Northbrook in July of 2010.
Denholtz Associates, has completed an 18k SF three-year lease renewal and expansion agreement with Integra Healthcare Equipment at 747 North Church Rd. in Elmhurst. Owen Wagener & Co.'s Carrie Wagener represented the tenant. Denholtz's Steve Geltzeiler, repped the landlord.
Tucker Development Corp., is opening three new stores in its Country Club Plaza in Country Club Hills. The recent store openings include Verizon Wireless, which occupies approximately 1k and State Farm, which occupies 1,550 SF, both in the multi-tenant outlot buildings, as well as Da Closet Elegant Wear, which occupies approx. 2,500 SF within the shopping center's inline space. The 450k SF center at 167th Street and Crawford Avenue has spaces available from 1k-4k SF.
Kate Staab has been promoted to senior graphic designer at CBRE. She specializes in the development of high-end print, web and multi-media collateral to support the firm's professionals and clients. Prior to joining CBRE, Kate worked as a graphic assistant for the Journal of Mine Action. She is a graduate of James Madison University.
Property Management News
120 North LaSalle has been awarded LEED Gold. The recognition follows a two-year mechanical and operational upgrade by property manager Lincoln Property Co. In 2009, the property's energy consumption decreased 15% from the previous year, saving more than $90k. Changes to the building's systems included retrofitting fans with variable frequency motors, installing high-efficiency lamps and using recycled and low-emitting materials for tenant construction.
LEED consultant Vertegy announced that Hubble Middle Schoo l has earned LEED for Schools Gold. The 190k SF Warrenville school is the third school in Illinois to achieve this level from the USGBC. Legat Architects designed the school and the construction manager was Bovis Lend Lease. Green elements include a 22-acre stormwater and bioswale plan, natural vegetation on a partial green roof, and dual-flush toilets.