THE DEAL SHEET
| SALES | ||
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Lubert-Adler and The Farbman Group bought 536k SF at 200 W Monroe for $75M from an investment firm repped by HFF's Jeff Bramson, Jaime Fink, and Mark Katz. The '06-renovated office building is 80% occupied. The Jewish Federation of Metropolitan Chicago owns an additional 113k SF portion of the building. *** CNL Healthcare Trust and Sunrise Senior Living bought the 142-unit Sunrise at Fountain Square independent living, assisted living, and memory care facility in Lombard—along with four other seniors housing properties in Arizona, Louisiana, and Kentucky—using a $70M loan from Prudential Mortgage Capital Co. *** Nufarm Americas, repped by NAI Hiffman's Chris Gary, bought the 102k SF industrial building at 11901 S Austin in Alsip. CBRE's Keith Puritz and Mike Mangan repped the seller, Shore Enterprises. *** American Realty Advisors sold seven single-story industrial buildings totaling 281k SF in Wood Dale on behalf of a client. *** Bradford Real Estate Services bought the former Tornado Industries five-acre site at 7401 W Lawrence in Harwood Heights to build a Mariano's-anchored shopping center. Paine/Wetzel/TCN Worldwide's Rodger Chenore, Jeffrey Girling, and Terence Lynch repped the buyer and seller. *** GC Realty's Brad Bullington repped Kizer Financial Services and American Chartered in Kizer's purchase of a 1,400 SF office condo at 1525 S Grove Ave in Barrington Commerce Center. He also repped PIL Graphics and Temperature Services in PIL's purchase of 6,400 SF at Elk Grove Village's 350 Bonnie. Brad and colleague Mark Ainley repped the buyer and seller in IPGM's purchase of the 5,500 SF 653 Touhy, also in Elk Grove, from Ken Karlin. And GC Realty's Sharon Glasshof repped the buyer and seller in the $388k sale of 205-209 S State St in Marengo, which will become a pastry shop. *** A local private equity firm bought the 42-unit 801 E Drexel Square in Hyde Park for $1M from a family JV. It was half occupied, but the buyer plans a gut rehab. Interra Realty's David Goss and Jon Morgan repped both parties. *** 14 Place LLC, repped by Chicago Industrial Real Estate's Matt Rogatz, sold the 22k SF Gingiss Formalwear industrial building at 555 W 14th Place to a flooring company. Colliers' Mike Senner and Peter Bourke repped the buyer. |
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| LEASING | ||
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Property Casualty Insurers Association of America has leased 40k SF (Floors 8 and 12) in Glenstar Properties' President's Plaza Complex at 8700 Bryn Mawr Ave. The long-term lease is worth $12M. Lee & Associates' CJ Kuehl, Ellen Steinbrecher, and Amanda Seward repped the tenant, and Glenstar Properties' David Trumpy repped the landlord internally. *** GC Realty's Brad Bullington repped Advantage Ambulance in a three-year lease for 7,000 SF at 2801 Touhy and Chairtecs in a three-year lease for 10k SF at 1251 Pagni Dr, both in Elk Grove Village. His colleague Jay Farnam repped Fire Service in a 9,000 SF lease at 1805 High Grove in Naperville. Jay and Brad also repped RREEF in 25k SF of leases at its Country Club and Eagle Drive properties in Bensenville. *** Stainless Sales, repped by Colliers' Steve Kohn, leased 39k SF of industrial space at 2310 W 57th St. Chicago Industrial Real Estate's Matt Rogatz repped the landlord. |
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| CONSTRUCTION & DEVELOPMENT | ||
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Clarius Partners released details for Clarius Park Joliet, a $70M industrial business park on a 185-acre infill site on Youngs Road. It'll include four Class-A buildings totaling 2.5M SF. The first, a 1M SF spec building (above) is under construction, headed for a Q1 '13 delivery. The other three lots are being marketed for build-to-suits. *** Opus Development will develop a 223k SF warehouse on 11 acres for Maxzone Vehicle Lighting Corp in West Dundee's Oakview Corporate Park, delivering at the end of the year. Opus AE Group is the architect, US Asia Investment Group's Eric Chang repped Maxzone, and Darwin Reality and Development Corp's Noel Liston repped Opus. *** McShane Construction will renovate 75 apartments in four Housing Authority of the County of Cook affordable housing properties: Vera Yates Homes in Ford Heights and Daniel Bergen Homes, John Mackler Homes, and Sunrise Apartments in Chicago Heights. The units are vacant and work will finish by Sept. 30. *** Fitzgerald Earles Architects and Associates finished design and construction admin on an 18k SF office suite at 222 N LaSalle for Great Dane Trailers, which is relocating from 2555 S Blue Island Ave. |
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| PERSONNEL NEWS | ||
Fitzgerald Earles Architects and Associates hired Camille Kurowski as an architectural designer, Ryan Pavlik as an architect, and Frank Kava and Octavio Zavala as intern architects. Camille previously worked for DePalma Group, the Interior Furnishings and Design Association, and Skidmore Owings & Merrill. *** ARCO/Murray National Construction Co hired Doug Houser, Ryan Lehman, and Andrew Smiles as project managers and David Rogers, Mitch Walley, and Rick Anderson as superintendents. |
