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Chicago Board of Trade 141 W Jackson

CME Group sold two of the three Chicago Board of Trade buildings at 141 W Jackson (north and south towers, 1.3M SF) to GlenStar Properties and USAA Real Estate for $151.5M. CME will lease back 150k SF, including the Agricultural Trading Floor, for 15 years and continue to own and occupy the 288k SF east building, which will become 333 S LaSalle St. Holly Duran Real Estate Partners' Holly Duran and Jeff Mulder, JLL capital markets' Bruce Miller, Jim Postweiler, and Nooshin Felsenthal, and Goldberg Kohn's Jim Rosenbloom and Mike Manuel assisted CME.
Office Moving 2012 MCHI
Northpointe II Office Center at 465 Central Rd

The fully occupied Northpointe II Office Center at 465 Central Rd sold for $1.8M. Marcus & Millichap's Frank Roti repped the seller, and National Realty Network's Charlie Pick repped the buyer.


Acadia Realty Trust acquired the Gold Coast Lululemon for $20.7M. Its Fund III also closed on its acquisition of the 63k SF Lincoln Park Centre in the Clybourn Corridor for $31.5M, closing out the $171.3M fund's pipeline.


Strauss Realty sold a 24k SF development site at 3636-3656 N Western Ave for $1.4M in a lender-assisted sale.
Reznick (Chall) MCHI

Xpedx leased 316k SF in Liberty Property Trust's 901 Bilter Rd, known as Liberty Business Center #7, in Aurora. The tenant, repped by Hartford Associates' George Pappas, will relocate from Glendale Heights. Rockpoint Logistics, repped by Newmark Grubb Knight Frank's David Friedland, also expanded by 72k SF to 292k SF. Colliers' Jim Estes, Jeff Kapcheck, and Mark Bell repped Liberty, bringing the 608k SF building to full occupancy.




Goodman Manufacturing, repped by Paine/Wetzel/TCN Worldwide's Elise Couston and Stream Realty's Seth Koschak, signed three area industrial leases:


  • 29k SF at Northbrook's 3500-3600 Woodhead Dr. CBRE's Zach Graham and Keith Puritz repped ProLogis.
  • 23k SF at Rolling Meadows' 3121 Tollview. Paine/Wetzel's Elise Couston and Les Spinner, repped landlord Chicago Properties.
  • 20k SF in Mundelein's 1060 High St. NAI Hiffman's Steve Sullivan repped ML Realty Partners.

Paine/Wetzel also completed four suburban leases:

  • Divane Brothers took 32k SF at 2401 Grant St in Bellwood, relocating from the city. Jeffrey Girling and Terence Lynch arranged the deal.
  • Brown Paper Goods, repped by CBRE's Ryan Bain, took 27k SF in 3630 Burwood in Waukegan's Amhurst Lakes Business Park. Its HQ is at 3530 Birchwood. Paine/Wetzel's Whit Heitman, Sam Badger, and Brad Weiner repped Prudential.
  • ABW Cos signed for 6,796 SF in Mokena's 9960 W 191st St, relocating from Orland Park. Paine/Wetzel's Edward Wabick repped the tenant, and Value Industrial Partners' Brian Gedvilas repped VIP Mokena Crossings.
  • Huetone Imprints leased 5,700 SF in Elk Grove's 90 Lively in Elk Grove. Elise Couston repped Chicago Properties, and Brown Commercial Group's Mike Antonelli repped the tenant.

Marquette refinanced its 94% occupied, 390k SF HighPoint Community Apartments in Romeoville for $36.8M with an 80% LTV, 35-year HUD loan arranged by Berkadia Commercial Mortgage's Len Deering, Paul Matusiak, and Tom Sigrist.


Inland Real Estate Corp and Clarion Partners refinanced its 176k SF Chatham Ridge retail center with $18M from a life company. CBRE Capital Markets' Keith Huizinga and Molly Green arranged the loan.
Bluestone Diversified Investments received final development approval for an 11k SF, Class-A shopping center in Highland Park in which AT&T will occupy 5,000 SF. General contractor Bulley & Andrews has begun construction on the Knight E/A-designed project, which will deliver in August.
200 S Wacker Dr
Cushman & Wakefield's 40k SF Illinois HQ on the 27th and 28th floors of 200 S Wacker Dr is done. It relocated 110 people from 455 N Cityfront Plaza Dr. The project team included C&W's Shawn Mobley, John Haas, and Randy Thompson, Whitney Architects' John Burjek and Paula Lutz, Environmental Systems Design's Efren Molina, and Development Solutions' Daniel Mazeiro, Michael Nolan, and Bob Shor.
Chicago Market Center, Hodgkins
Krusinski Construction Co completed the renovation of IAC’s Chicago Market Center in Hodgkins for Global Experience Specialists, including 43k SF of office and a 247k SF warehouse and production facility. Ware Malcomb was the architect.

Principle Construction will renovate 3,650 SF and add 20k SF at Subco Foods' 1150 Commerce Dr in West Chicago. Craig Slinker is senior project manager, and Corporate Design + Development Group is doing the design work.


J.C. Anderson completed a 40k SF interior renovation at GlenStar Properties' 8700 W Bryn Mawr for Fidelity Life Association, which is consolidating its Oak Brook and Rolling Meadows locations. Joe Maguire was the project manager and Glen Panfil the superintendent. DePalma Group designed the project.


Reed Construction completed a 15k SF expansion for Gogo’s Itasca office. Bryan Kreuger was project executive and Steve Sandquist project manager. Partners by Design did the design and CBRE repped the owner.
Rob Bagguley
Transwestern has promoted Rob Bagguley, until now Midwest prez, to chief innovation officer. He'll also lead the firm's Middle East and North Africa strategy. He has also served as senior managing director for Cushman & Wakefield and founded Rubicon Property Services.
Mike Watts
Mike Watts has joined Transwestern from J.F. McKinney & Associates to take Rob's spot as Midwest prez. He's also worked for JLL.
Enrique Nevarez Jr
ML Realty Partners hired Enrique Nevarez Jr as director. He joins from ProLogis.

Sara Schumacher has joined J.C. Anderson as project manager in the Elmhurst HQ and Downtown office. It's a family affair. Matthew Schumacher joined the firm as a skilled plasterer in the '40s, his son Joseph bought it in '76 and has transferred leadership to his sons, Jim (Sara's dad) and Tom. Sara is the first female in the family to join. She has also worked as an interior designer with Gensler and as a designer with Hydzik Schade Associates. She graduated from the Illinois Institute of Art.


Op2mize has hired Paul Fishbein as EVP and Aaron Paris as chief intelligence officer. Paul has worked for Centrum Properties, Amerimar Enterprises, and Indie Energy Systems. Aaron has worked for DP Partners, Metropolitan Structures, and Tooley & Co, and he has an MBA from Northwestern University.


Kudan Group hired Alex Stamatakis, who has worked for the Chicago Board of Trade and as a slot marketing executive, opening the Bellagio for Steve Wynn.


Bradford Allen promoted Ben Azulay and Joel Berger from directors to senior managing directors. Ben will lead the downtown brokerage team and Joel the suburban brokers.