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THE DEAL SHEET

WASHINGTON DC 04.18.2017

FUTURE OF LOUDOUN COUNTY<BR>AND COCKTAIL SCHMOOZE!

Exclusive Bisnow Reception to Follow Panels

Chris Clemente -- Comstock Partners
Minh Le -- Gramercy District
Brian Cullen -- Keane Enterprises

Leasing

Paine/Wetzel · ONCOR International completed six transactions totaling more than 23k-SF.

  • Woodland Foods leased 14k-SF at 1949 Swanson Court in Gurnee. Paine/Wetzel's Whit R. Heitman  and  Samuel C. Badger, Jr. represented Woodland Foods; Tri-State Realty's Rob Elbrecht  represented the landlord. 
  • AmeriJet International Inc  relocated from Elk Grove Village to 674 County Line Road in Bensenville. The firm signed a lease for 9k-SF. Paine/Wetzel's G. Pat Ryan a nd William J. Kerrins  repped AmeriJet International; Delta Real Estate Co.'s Kevin Luke  repped the landlord, Genosa Partners
  • NSA Security, Inc relocated into an 8k-SF space at 2540 S. Federal Street. Paine/Wetzel's Michael D. Nelson a nd Mark A. Nelson  represented the landlord, 2526 S. Federal LLC. The tenant was represented in-house.
  • A medical facility owned by Dr. Nasor Rustom  signed a lease for an entire building, consisting of 7k-SF located at 4354-4400 W. 63rd Street in Chicago’s Southwest side. Nelson and Nelson   represented the landlord, while Paine/Wetzel's Albert Schulman repped the tenant.
  • MedWell RX  signed a new 3k-SF lease at 600 Northgate Parkway, Suite 6 in Wheeling. Paine/Wetzel's Elise A. Couston  and Patrick Fitzgerald  represented the landlord,Chicago Properties LLC; Stone Real Estate's  Jason Gustaveson  represented the tenant.
  • State Farm Insurance Company  has relocated from 5520 W. Lawrence Avenue in Chicago to 5372 N. Milwaukee Avenue. The company purchased the 2k-SF building to use as office space. Paine/Wetzel's Nelson, Nelson, and Kim Aigner repped   the owner  Lee Drabek, while Koenig & Strey's Pattie Murray  represented the tenant.

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Regus signed a lease for 30k-SF at 22 W. Washington Street in Block 37. The owner, Golub, was represented by  Peter Merrion in house. MB Real Estate's Daniel Nikitas  represented the tenant.

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Lee & Associates' Steve Bass  represented Nobu Nutritional Bakery in the leasing of 6k-SF of industrial space at 1261 Wiley Road in Schaumburg. Lee & Associates' Ronan Remandaban  represented building ownership, Finch & Barry.

 

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Lee & Associates' Walter Murphy  represented Duffy Box in the leasing of 26-SF of warehouse space at  5010 W. 123rd Street  in Alsip. Walter also repped building ownership, Madison Partners.

 

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Sodexo America is relocating its operations and leasing space at 3709 N. 25th Street in Schiller Park due to a change in its business model. Podolsky Northstar CORFAC International completed the lease transaction, representing building ownership, KTR Capital. KTR was able to accommodate Sodexo’s new requirements in another building nearby. The new space being leased by Sodexo totals 7k-SF and will include approximately 1k-SF of office space. Podolsky's Randy D. Podolsky  and Adam Tarantur, represented KTR. UGL Equis' Robert Blumenthal  represented Sodexo.

 

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The Management Association of Illinois  completed a renewal of its lease for 13k-SF at 1400 Opus Place in Downers Grove.  Podolsky Northstar CORFAC's  Corey B. Chase  completed the tenant rep assignment at the building owned and managed by Duke Realty.  The Management Association of Illinois will continue leasing space on the fifth floor of the nine-story, 222k-SF building that was developed in 1986. It has been a tenant of the building since 2003.

 

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Lee & Associates' C.J. Kuehl and Ellen Steinbrecher recently negotiated three leases:

  • 10 S. Riverside Plaza in Chicago, on behalf of OptionMonster for 15k-SF of office space. The sublandlord,DRW Holdings, was represented by SteinCo's Chris West.
  • 990 River Drive in Glenview, on behalf of L2T Media  in leasing 3k-SF of office space. The owner was represented by HSACommercial Real Estate's Wayne Shulman.
  • 30339 Diamond Parkway in GlenwillowOhio on behalf of tenant  MAT Holdings  in a long-term lease for a 156K-SF of industrial space. The landlord, Diamond Center One ,  was represented in-house.

 

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Lee & Associates completed a long-term lease for a 13k-SF of office space located in the tower portion at 135 S. LaSalle Street. Lee & Associates' June Simonian represented the tenant, GaiaTechFaye Oomen represented the owner, Amtrust Realty.

Construction

Reed Construction completed 24k-SF of white-box spec suites within 500 N. Michigan Avenue. Reed was hired by Zeller Realty Group, property manager of the 24-story Magnificent Mile high rise, to complete a major building upgrade. Reed's Jack Hennessy was the senior project manager. Hydzik Schade Associates provided the architectural services.

People news

Jeffrey G. Bucaro has been promoted to SVP at Aries Capital. In his previous role as VP, Jeffrey was responsible for biz dev and structured finance for commercial real estate transactions ranging between $5 million and $100 million. He completed his Master of Business Administration with a concentration in Commercial Real Estate Finance and Investment at  DePaul.

 

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Morgan Realty Partners' Sue Anderson  is serving as Suburban Chicago President of the Building Owners and Managers Association. Sue has been with Morgan Realty Partners for over 12 years. She has been an active member of BOMA Suburban Chicago where she was granted the organization’s Real Property Administrator (RPA) designation. Additionally, Anderson was named BOMA Suburban Chicago Member of the Year in 2005 and served as the local chapter’s VP for the past four years.

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Emily VanderBeek  has joined Titan Commercial, a real estate brokerage firm affiliated with Magellan Development, as a marketing director. Prior to joining Titan, Emily spent 2 1/2 years as marketing coordinator with Coating Specialist Group (CSG). She holds a degree in journalism from Michigan State  and is currently studying for a master’s degree in PR and advertising from DePaul.

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Thomas KerwinDavid Brininstool, and Brad Lynch  announced the opening of their new architecture firm, Brininstool, Kerwin and Lynch. It started when Thomas left as a managing partner at Skidmore, Owings & Merrill, Chicago, to team up with David and Brad of Brininstool + Lynch. Thomas will serve as managing principal, while David and Brad will serve as principals.

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Ben Andrews  has joined Sperry Van Ness  in downtown Chicago as a senior advisor in the retail division. Ben came to SVN from SRS Real Estate Partners. Current and former clients of Ben's include: Steak ‘n Shake, Citibank, Cricket Communications, Epic Burger, Marbles: The Brain Store, Caribou Coffee and Westwood Financial

Seeking Space

Optimal Energy has retained Podolsky Northstar CORFAC International's Corey Chase to conduct a search and provide advisory services for acquiring a 15k-SF facility. Currently located in leased space in Arlington Heights, the company is looking to explore the opportunities and benefits that building ownership provides. It hasn't determined a specific geographic location, but seeks a building site of approximately 3.0 acres and a fenced-in contractor’s yard.

Sales

Quantum Real Estate Advisors  brokered the sale of two mixed-use properties to local investor Glascott and Associates. Both properties have retail and apartment components and are located at 1670 W. Division Street and 1920 W. Division Street in Wicker Park. The buyer purchased the properties for $3.64 million. Quantum's Chad M. Firsel  represented the buyer. The property was acquired from a local real estate investment and development company.