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THE DEAL SHEET

WASHINGTON DC 10.19.2017

THE FAIRFAX COUNTY STATE OF THE MARKET

Development Pipeline and Current Projects

Katherine Bonnafé -- Combined Properties
Greg Trimmer -- JBG SMITH
Alex Nyhan -- First Washington Realty

Management

The Prime Group  recently enlisted CBRE  as management agent for its historic office tower 208 South LaSalle. Paulette Westney will serve as senior property manager. The 21-story property is undergoing a $400 million renovation that will transform 12 of the lower floors into a five-star luxury, 610-room JW Marriott Hotel set to open later this year. Prime is also renovating the office lobby, elevators, and common areas of the remaining 355k-SF of office space on the top eight floors. 208 South LaSalle is one of the last two buildings designed by renowned architect Daniel Burnham before his death in 1912.

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People

Richard Antczak  has joined Grubb & Ellis Co.  as VP in the brokerage’s industrial group. Richard will provide industrial CRE services for owners and users in the I-80, I-55, and I-88 industrial submarkets. He comes to Grubb & Ellis from Op2mize,  where he was a VP. Before that, Richard spent 10 years as a managing director with Champion Realty Advisors, where he assisted big name clients like Kellogg's USA, ProLogis, Ridge Realty Trust and Zenit Tool with their industrial needs in Chicago. Readers can catch him on the radio program “The Real Estate Hour” on WBBM, where he is a frequent guest.

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Dennis Rehill and  Will McConnell have joined the Chicago office of HOK. As a senior project designer/architect, Dennis will work closely with many of the firm’s practice areas, providing both design and technical oversight with an emphasis on integrated sustainable design solutions. Before HOK, Dennis was a senior architect at Adrian Smith + Gordon Gill Architecture in Chicago. Will is serving as a senior project manager for HOK and will provide leadership on projects specific to the firm’s healthcare practice. He comes to HOK from SmithGroup  in Chicago.

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Abigail Clary, principal at Loebl Schlossman & Hackl, has been named by Building Design & Construction Magazine to its annual “40 Under 40” list, which spotlights the brightest stars in the AEC universe. Specializing in healthcare design, Abbie is recognized for her management skills and comprehensive approach to project delivery of complex medical facilities. She co-leads the healthcare market sector at LSH and is the youngest woman  to be named principal in the firm’s 85-year history.

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Mark Nichols, principal at Loebl Schlossman & Hack l, has been named by the American College of Healthcare Architects as a board regent. The Board of Regents met in November at the Health Design ’09 Conference and approved the slate of nominations submitted by Bob Walker, chairman of the nominating committee. With more than 25 years of experience, Mark specializes in healthcare planning and design. He’s led major expansion and renovation projects for various healthcare institutions, including six of Chicago’s largest hospitals.

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Paine/Wetzel · ONCOR International’s top three brokers for 2009 are . . . drum roll . . . Curt StantonWhit Heitman and Samuel Badger. As a team, Whit and Samuel closed 20 transactions with a total market value of more than $50 million last year. Meanwhile, Curt completed 45 transactions in five countries valued at roughly $42.5M.

Construction

ARCO/Murray National Construction Co.  completed a new industrial laundry facility build-out at 9480 W 55th St for Classic Party Rental. The new equipment includes industrial-grade washers, dryers, ironers and a steam tunnel. The process-piping package includes hot and cold water, compressed air, condensate return, and steam. New thickened floor slabs and concrete trenches also were installed into the existing floor slab. ARCO/Murray's Elliot Mata served as project executive; Pat Aylward as lead proj. manager.

Company news

CB Richard Ellis Group  announced the launch of a new application that connects iPhone  users with the rich resources of CBRE. The app allows users to search for office locations and find CBRE personnel contacts globally. It also provides access to the brokerage giant’s Global Office Occupiers Guide, a comprehensive reference on leasing practices and protocols around the world. iPhone users can download the app on iTunes at http://itunes.com/apps/cbre.

 

Leasing

Inland Real Estate Brokerage negotiated three leases, totaling almost 7k-SF for new and expanding businesses in Algonquin, Highwood, and Zion. The leasing transactions were all completed by Susan Valle, who works in the firm’s Oak Brook office and specializes in investment sales and retail leasing.

The leases include:

  • A 2k-SF lease for a McHenry County chiropractor, which is expanding its practice by opening a second office, in Algonquin at Prestwicke Plaza at 3905-3995 Algonquin Road.
  • A 1k-SF lease for a Pilates studio  in Highwood, located at 742 Sheridan Road.
  • A 4k-SF lease with Martha’s Day Care, which currently has one facility in Waukegan and is opening a second in Zion. The new location is located at 2682 Sheridan Road and will open in March.

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Workouts

Randy Podolsky of Podolsky Northstar CORFAC International has been named court-appointed receiver for two industrial properties in Tinley Park. The company will serve as the exclusive marketing agent and property management firm for Southpoint I  and Southpoint II, which are part of the Tinley Crossings Corporate Center near Interstate 80. Southpoint I, at 8400 West 185th Street, is a 100,407-SF building that is 41% leased to KVH Industries. Southpoint II, at 8451 W 183rd Place, is a 101,052-SF facility. Now vacant, the building previously was occupied by a division of Illinois Tool Works. Randy  and Adam Tarantur are heading up leasing and sales for the two assets. Podolsky's Steve McFarland  and Melissa Podolsky will handle property management.
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