Sunstone Hotel Investors agreed to acquire the fee-simple interest in the 357-room, 23-story Hilton Garden Inn Chicago Downtown/
Brennan Investment Group, repped by Darwin Realty's Patrick Shannon, acquired the Wismarq Corp Franklin Park production and distribution facility from Duke Realty. Wismarq has been there since '96.
Newcastle Ltd acquired the 15k SF 953 W Belmont retail property in Lakeview at the intersection with Sheffield Avenue, next to the CTA Belmont station, for $4.6M. Marcus & Millichap's Kyle Stengle and David Gaines repped the seller.
Millennium Properties R/E repped banks in three NW suburb sales:
Mid-America Asset Management's Barb Kading and Jaime Platt signed five retailers at Naperville Crossings and renewed three.
JLL's Dominic Carbonari and Frank Griffin
repped the owners in three DuPage County industrial leases. CoreCentric
Solutions leased 107k SF in Cabot Properties' 1575 Hunter Rd in Hanover Park. Cary Co leased 52k SF in Cabot's 1005 W Republic Dr in Addison Industrial Park. And Keith Stauber joined his colleagues to rep ML Realty Partners in its 68k SF at Wood Dale's 888 N Central Ave to St. George Warehouse Co.
Industrial Battery Products renewed 22k SF in Cobalt Capital Partners' Bolingbrook property. Cawley Chicago's Terry Grapenthin and Josh Hearne repped Cobalt.
MB Real Estate's Danny Nikitas, Konstantine Sepsis, Doug Noble, and Annie Welsch repped the tenants in three office leases:
|CONSTRUCTION & DEVELOPMENT|
|Summit Design + Build will work on a 16k SF office and warehouse buildout for Office Nation at Northfield's 500 N Central Rd, to deliver in Q3. The computer product mail order/direct dealer is relocating from Northbrook. Patrick Brown is senior project manager, and Stuart Cohen & Julie Hacker Architects are also involved.|
|JLL Hotels promoted Jalil Mekouar to Americas COO and managing director of its strategic advisory and asset management business. He established the Middle East and Africa office and has been based in Dubai for five years. He's also worked in Europe, Asia, and Africa for InterContinental Hotels Group, Marriott International, and Minor International. His new role brings him to Chicago.|
Jalil's successor, Ted Tomaras, JLL Hotels Americas COO since '07, has been promoted to global COO and CFO. He's also worked for Trizec Properties, Hyatt Hotels, and Coopers & Lybrand.
Mark Bell joined Opus Development as a real estate manager in the Chicago office. He'll help with industrial and residential nationally and student housing in the Midwest. He came from Colliers.
***ARCO/Murray National Construction biz dev director Joe Pomerenke and operations director Elliot Mata, both of whom joined in '05, became partners. ARCO/Murray also hired Daniel Pratt and Rod Zamparo, Univeristy of Illinois grads, as project managers. And the company hired Steve Gray from Duke Realty as a traveling superintendent.