THE DEAL SHEET
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Clarke's, a 24-hour diner , has signed a lease for 4,000 SF at 1451 E 53rd St in Hyde Park. The building was purchased by the University of Chicago earlier this month, and the remaining space there is occupied by T-Mobile. HSA Commercial and the University of Chicago have already announced that Five Guys and The New 400 Theaters will be located nearby. HSA's Kelsey Blindt and Michael Havdala repped ownership and Moon LLC's Dan Moon repped Clarke’s Diner. |
Sales News *** Syndicated Equities' Isaac Metzger repped both sides in the sale of a 13k SF Walgreens drugstore at 5753 N Canfield Rd for $4.7M.Higgins & Canfield was the seller and an institutional investor was the buyer. *** Millenium Properties' Brad Thompson sold 4030-34 N Milwaukee Ave in Portage Park community for $385k. Sabovic Management purchased the mixed-use building from the Wolcott Group in an all-cash deal for 96% of the asking price. Brad repped both sides of the deal. Karm and Patterson's Howard Karm served as counsel for the buyer and Much Shelist's Courtney Mayster repped the seller. The 10k SF building consists of three storefronts and five apartment units. *** The Chicago Community Trust will be moving its HQ to 24k SF Michigan Plaza (205/225 N Michigan Ave). The 95-year-old community foundation will be relocating from 111 East Wacker Dr to join other nonprofits like The McCormick Foundation, Alzheimer’s Association, and American Cancer Society. MB Real Estate's Mark Buth and Kathleen Bertrand repped ownership. Studley's Lisa Davidson and Tiffany Winne repped Chicago Community Trust. *** MB Real Estate's Ben Cleveland and Anne Knopke were named leasing representatives of a three-building portfolio along Wacker Drive in Chicago: The LaSalle Wacker, 55 West Wacker, and 205 West Wacker. Ben has completed more than 1M SF of commercial transactions in his career with MBRES, UGL Services and Newmark Knight Frank. Anne used to lease the Citigroup Center. *** CloudBlue Technologies is expanding its Chicago-area facility, increasing data capacity by 200%. The company will also add 60 employees to its Joliet operation, which does IT asset management,consumer electronics returns, and data destruction. Finance News *** Cambridge Realty Capital Co closed 10 seniors housing/ healthcare transactions totaling $103M during Q1 in Illinois, Ohio, and California. The company also reports processing 54 loan origination requests totaling $976.1M for HUD refinancing, conventional refinancing, acquisitions, and new construction. Executive Moves *** Jerry Stout has joined the Chicago office of Ryan Cos as project manager. Jerry has worked in the healthcare, office, residential, and industrial segments of the industry and will manage the preconstruction and construction process for Ryan office, industrial, and healthcare projects in the Great Lakes region. He comes to Ryan from Johnson-Downs in Kankakee. He has a bachelor's degree from Arizona State University. ***
*** Cambridge Realty Capital Co's Jeffrey Davis has been appointed to the board of advisors for the James A. Graaskamp Center for Real Estate on the University of Wisconsin campus in Madison. *** Bill Rose has been promoted to director of the national retail group at Marcus & Millichap. He has also served as a managing director at HFF and first started his tenure with Marcus & Millichap in 2003. He is a graduate of the University of Colorado. Construction News Giving Back |
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Harris Corporate Real Estate and Jones Lang LaSalle teamed up for a community electronics event at 2000 S Finley Rd in Lombard last month. They gathered 7,600 pounds of computers, cell phones and A/V equipment to be recycled. The event was led by JLL's Cassey Arriaga, Tony Schwartz, Donna Sjodin, and Janet Harczak. |
