Easy Button Takes 26k SF; The Deal Sheet
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|Staples has signed a long-term lease for 26k SF of office space at Heron Point in Lombard: the entire second floor, a showroom space on the first level, and a meeting space on the lower level.|
|The 103k SF building at 655 West North Ave. is now 100% leased. Staples will relocate from Woodridge. The lease also provides for signage along I-355. NAI Hiffman's Michael Stephany and Aubrey Van Reken represented the property owner, Samvest of Lombard II. Colliers International's Steve Kling repped Staples.|
A Calif.-based investment group has purchased the 1M SF REO Charlestowne Mall in St. Charles for an undisclosed sum. Cushman & Wakefield's Dallas capital markets group led by Stephannie Mower with Tom Salanty and Brandon Beeson represented the seller, Midland Loan Services, with the support of C&W's Ken Szady and Jim Carpenter. The mall is anchored by Carson Pirie Scott, Classic Cinemas, Kohl's, Sears, and Von Maur. The new ownership group, fronted by investors Bobby Montanye and Alan Wong, plan to revitalize the mall as they have done previously with distressed properties on the West Coast.
Colliers Bennett & Kahnweiler's Bob Chodos and Steve Levitas represented Hill Mechanical Group in the purchase of a three-building, 184k SF industrial complex on 19.4 acres in Franklin Park. The seller was CGI Franklin Park. The buildings include 11100 Belmont Ave., 3201 Wolf Rd., and 3205 Wolf Rd. The recent acquisition of the Central Grocers complex was a strategic business decision as it is located adjacent to Hill's current HQ at 11045 Gage Ave. Grubb & Ellis' Matt Mulvihill and Ryan Kehoe repped CGI Franklin Park.
Denholtz Associates recently completed a 10k SF 10-year lease renewal and expansion agreement with Chiro One Wellness Centers at Butterfield Office Plaza, 2625 Butterfield Rd. in Oak Brook. Grubb & Ellis' Linda Garske repped tenant and landlord.
Produce World Deli & More has signed a long-term lease to relocate and expand into the nearby Old Navy store at Village Plaza,Harlem and Dempster Roads in Morton Grove. Produce World currently occupies 13k SF at 8800 Waukegan Rd., half a mile from the new location. Old Navy, whose new store model requires less square footage, is not renewing its lease, which ends Oct. 1. NAI Hiffman's Michael Meksto and Jim Tsevis represented the tenant, Produce World. CBRE's Joe Parrott represented the landlord,Village Plaza.
DLR Group has been named an "intern friendly" firm by the AIA and the National Council of Architectural Registration Boards. DLR's intern development program was launched in 2009 and is a formalized mentoring and instructional program to assist architectural interns in passing state architecture registration exams. DLR was one of 10 groups recognized with the award in June.