The Deal Sheet
| Grady Hamilton has been promoted to head of the Chicago business unit at Trammell Crow Co. He'll be responsible for overall performance, including identifying new development and investment opportunities in Chicago, Minneapolis, and the Upper Midwest. | ||
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| That's Grady on the right with TCC colleagues in 2010. Since then he has acquired a 260k SF industrial building in Lake County and managed nearly 475 acres of developable land in the Midwest. One of his projects will be leading development for the 1M SF Class-A office development at 301 S Wacker Dr. | ||
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EXECUTIVE MOVES Gary Thalheimer has been named EVP of construction services for the Midwest region at Tishman Construction Corp. He will oversee Chicago operations for Tishman Construction and AECOM's construction services practice, with a focus on enhancing the capabilities of the firm through growth and new market opportunities in Illinois and surrounding states. He comes to Tishman from Walsh Construction Co. *** Bobby Goodman has joined the Chicago office of Jones Lang LaSalle as a VP in the tenant representation group. Bobby comes to the firm from Mark Goodman & Associates. He began his career in real estate in 2002 as a broker at Colliers. At JLL, he will focus on growing existing relationships and facilitating transactions for national and international clients. *** Thornton Tomasetti's Dennis Poon has been named to the Council on Tall Buildings and Urban Habitat's Board of Trustees. During his 30-year career, Dennis has been responsible for the design and construction of supertall structures, mixed-used buildings, hotels, airports, arenas, and residential buildings worldwide, including three of the tallest buildings in China: Taipei 101 in Taiwan, Shanghai Tower in Shanghai, and Ping An International Finance Center in Shenzhen; the latter two are under construction. *** The Green Building Certification Institute named HJ Kessler Associates' Helen Kessler to the inaugural class of LEED Fellows. The LEED Fellow Program is GBCI's new and most prestigious professional designation, recognizing exceptional contributions to green building and significant professional achievement within the rapidly growing community of LEED professionals. Some of Helen's accomplishments include work on the LEED Platinum Jewish Reconstructionist Congregation, Exelon's LEED Platinum HQ and numerous LEED Gold certified Chicago Public Schools. *** Sam Durkin has joined the industrial brokerage team at Jones Lang LaSalle, where he will focus on the western Cook, O'Hare, and DuPage submarkets, while also growing his national tenant representation practice. He comes to the firm from Grubb & Ellis. OFFICE MOVE Weis Builders has a new office on Bryn Mawr Ave near O'Hare Airport. It has twice the square footage of the previous North Wells location. LEASING NEWS Grubb & Ellis was selected to provide property management and leasing for a 300k SF freezer/cooler building in the I-55 Distribution Corridor. The assignment is the result of the company's preferred provider relationship with GearingStone. A partnership between Gearing Capital Partners and CarVal Investors acquired the asset in May. Grubb & Ellis' Jim Cummings, Jack Cozzie, and Frank Melchert will handle the leasing, bringing 70k SF of freezer and cooler space to the market. The onsite management team will be lead by Grubb's Jeff Perpich. *** Paine/Wetzel · ONCOR International's Hiloh Izumo completed three industrial transactions in Chicagoland area.
*** Brite Logistics leased a 26-door truck terminal at 3411 S Cicero in Cicero. UGL Services' Dan Reynolds represented the tenant and Nelson Hill's Michael Nelson and Mark Nelson represented the landlord. *** JCF Real Estate has completed two new office leases totaling 14k SF at the Corporate Reserve of St. Charles. JCF's Steve Chrastka repped JCF, which owns the property, in both transactions In the first transaction, Ohio Farmers Insurance Co leased 11k SF at 320 Cardinal Dr. Cushman & Wakefield's Alex Smith represented the tenant. The second lease was to St Charles Consulting Group for 3,000 SF, also at 320 Cardinal Dr. Ellerman Commercial Brokerage's David Ellerman repped the tenant. Negotiations are under way with two additional users, which would fully lease the new buildings. *** Studley's Lyle Levin and Kevin McLennan represented BCS Financial Corp in the expansion of its HQ at 2 Mid America Plaza. Adding 11k SF to its lease, BCS is now the largest tenant in the building with 43k SF. CB Richard Ellis' Pete Adamo and William Elwood repped the Teachers Retirement System of the State of Illinois, the owners of the building. *** JAB Real Estate Opportunity Funds, with $15M in private equity, leased 4,000 to Lululemon Athletica at 3550 to 3556 N Southport. JAB has completed a number of transactions in the Southport Corridor, including the acquisition of the Lulumeon property for $3.6M in June and 3446 and 3447 N Southport earlier this year. Jameson Sotheby's Chris Irwin repped JAB. CONSTRUCTION NEWS The Missner Group was selected to construct a 40k SF build-out for the new franchise location for Sky High Sports in Niles. This is the first location in Illinois for the trampoline entertainment group. The organization recently leased space within the Howard Street Industrial building located at 6424 Howard St. The property is owned by Principal Global Investors and was originally developed and constructed by The Missner Group. SALES NEWS The Village of Franklin Park has purchased a two-building industrial complex totaling 284k SF on 13.5 acres at 9353 and 9451 W Belmont Ave in Franklin Park. The Village plans to raze the complex in order to build new government buildings on the site. Cushman & Wakefield's Britt Casey, Al Caruana, and Tom Cotter represented the seller, Unilever. Both buildings were built of masonry construction in the 1940s and 1950s. *** HFF has been named to market for sale Sysmex Corporate Center, a newly constructed, triple-net leased office property in Lincolnshire for the sellers, Bridge Development Partners and Globe Corp. The Center has 163k SF of office space that is 100% leased to Sysmex American. The four-story property is LEED Gold. The HFF investment sales team representing the seller is led by Jaime Fink and Jeffrey Bramson. *** McKinleny Park Industrial Lofts purchased the 51k SF industrial building at 3510 S Western. NelsonHill represented the seller. The buyer was unrepresented. *** In August, Kiser Group closed seven properties in the Chicagoland area totaling a value of $6.6M. The properties are:
FINANCING Meridian Capital Group negotiated a $66M senior mortgage on behalf of Baker Development Corp to refinance its 179k SF shopping center at 2100 to 2196 N Elston. The five-year financing includes an allowance for up to $6.5M in mezz financing that would be subordinate to the senior mortgage. Meridian's Jacob Schmuckler and Ronnie Levine negotiated the financing. |
