Contact Us
News

The Deal Sheet

Chicago

Want to get a jump-start on upcoming deals? Meet the major Chicago players at one of our upcoming events!

Leasing

Structured Development LLC signed three leases totaling 18k-SF of medical office space at Blackhawk on Halsted, a recently completed 225k-SF mixed-use development in the Clybourn Corridor.Diamond Headache Clinic is taking 13k-SF; Nima Skin Institute will occupy 3k-SF; and Lakeshore Women's Health Specialists is increasing its space to 2k-SF. The office is scheduled to open in October. CBRE's Bradley Serot and Peter Delneky represented Diamond Headache Clinic, while Howard Ecker and Company's Ira Perlman represented Lakeshore Women's Health Specialists.

***

Morgan Realty Partners' Bill Waliewski  announced a new lease at the O?Hare Business Center, a multi-tenant industrial property in Mt. Prospect owned by Principal Real Estate InvestorsElite Office Products leased 6k-SF at 1848 S. Elmhurst Road. Cawley Chicago Commercial Real Estate's Tom Gath represented the landlord and the tenant in the lease negotiations.

***

Paine/Wetzel ONCOR International completed a 50k-SF industrial lease on behalf of Lake County Press at 3210 Oak Grove Avenue in Waukegan. Paine/Wetzel's Whit R. Heitman, Principal, Samuel C. Badger, Jr., and Jason S. Weinhaus, represented the landlord, ING Clarion. The tenant was represented in-house.

***

NAI Hiffman, in partnership with WHITE CUBE Commercial Real Estate Solution Services, announced that the McShane Development Company / MetLife Real Estate Investments

co-development alliance has awarded the team the exclusive leasing and sales of its corporate business park, Huntington Woods Corporate Center.  NAI's  Jeffrey Fischer and Adam Marshall with NAI Hiffman s Industrial Services Group will serve as the lead agents for the leasing assignment. WHITE CUBE's Tak O'Haru and NAI's Michael Flynn  and James Adler  and Jim Tsevis will make up the full Huntington Woods team.

***

Sperry Van Ness LLC represented AKIRA in leasing approximately 3k-SF at 670 W. Diversey Parkway in Lakeview. It's the eighth location for Akira, which opened its first store in 2002 in Bucktown.  Sperry Van Ness' Katie Whelan, represented Akira and Sierra Realty Advisors' Joseph Sauer repped the landlord. This location will feature footwear specifically to compliment its clothing location that exists on the same block, at 643 W. Diversey Parkway.

 

Sales

Paine/Wetzel ONCOR International has completed an 11k-SF sale at 1950 W. 43rd Street in Chicago. Sanchez Paving Company purchased the industrial building, which includes 7k-SF of updated offices and 4k-SF of warehouse space, as well as two acres of extra land. Paine/Wetzel's Edward C. WabickMichael D. Nelson, and Mark A. Nelson represented Brick Layers Union, the seller.

***

A Dallas-based real estate investment firm has paid $34 million for a five-building portfolio of suburban industrial buildings brokered by the Cushman & Wakefield Capital Markets Group. C&W's Kenneth Szady and Jim Carpenter  led the Capital Markets Group in arranging the sale between the buyer, Lincoln Property Company, and the institutional advisory firm Kennedy Associates. The five single and multi-tenant buildings, which total 738k-SF, are located in the Meadows Business Park near the intersection of I-355 and Lake Street in  Addison. 

 

Architecture and Construction

The Allsteel/Gunlocke Resource Center  in Chicago?s Merchandise Mart received  LEED-CI Gold Certification. The 20k-SF showroom, which was designed by the Chicago office of HOK, features recycled and locally sourced finishes and materials, a 40% reduction in lighting power density, low VOC flooring, occupant controls for lighting and ventilation, and a comprehensive recycling program.  

***

To help commercial real estate developers solve construction issues,Englewood Construction, has launched a blog and YouTube channel, both called Hard Hat Chat. They're primarily geared for commercial developers but provide content relevant to all parties involved in commercial construction.

 

People

Chris Sass, a broker in Cushman & Wakefield's Tampa, Fla., office, announced plans to join C&W of Illinois; he'll assume the role of director, global supply chain solutions and focus on industrial tenant rep. Prior to joining C&W in 2004, Mr. Sass worked with Levin Investment Realty, a boutique real estate services firm in South Tampa. Prior to that, he worked in the corporate technology industry.