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The Deal Sheet

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The Deal Sheet

SALES

Darwin Realty & Development Corp director of brokerage Adam Haefner and chairman George Cibula repped both the buyer and private seller in the acquisition of 7035 W 65th St (above) in Bedford Park, a 438k SF industrial facility on 13 acres. The buyer, Professional Freezing Services, is relocating and expanding from its current location on 44th Street in Chicago. It plans to demolish the existing building and build a new state-of-the-art 150k SF freezer/cooler facility on the site.

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Essex Realty Group’s Doug Fisher repped the buyer and Matt Welke and Jason Fishleder repped the seller in the $17.1M bulk sale of 254 units within Scenic Tree Condominiums, 10205 S 86th Terrace in Palos Hills. The property is a multifamily garden unit community consisting of 448 total units.

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STREAM Capital Partners managing principals Jonathan Wolfe and Jordan Shtulman repped the seller, Clark Street Development, in the sale of a 73k SF Skokie property long-term leased to Floor & Décor. The buyer was a private REIT. Clark Street completed a retrofit of the property and repositioned it from an industrial to a retail use.

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Darwin Realty & Development Corp’s Brendan Sheahan repped the buyer, a Midwest-based food manufacturing and distribution company, in the acquisition of 2531 Dukane Dr, a 36k SF industrial facility in St Charles. The site allows the firm to service its existing distribution network while also providing another manufacturing hub for its growing customer base in the western suburbs. NGKF’s Geoff Kasselman repped the seller, an East Coast-based printing services company.

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Mid-America Real Estate Corp’s Carly Gallagher and Ben Wineman repped the seller, a Chicago-based bank, in the sale of 29k SF Carillon Court, on the northwest corner of 135th Street and Weber Road in Romeoville. Scottsdale-based Sand Capital purchased the shopping center, which includes Allstate Insurance, Comcast, Stella’s Bar & Grill and Essential Chiropractic Center.

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The Deal Sheet

Quantum Real Estate Advisors president Chad Firsel repped the seller, the Rockford-based original developer, in the $3.7M sale of a 24k SF shopping center, Landmark Crossings (above), at 744-782 Beloit Rd in Belvidere. The multi-tenant retail building is 100% leased to tenants including Harris Bank, Pizza Hut and Midwest Dental. The buyer was a local private real estate investor.

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Mid-America Real Estate Corp’s investment sales team brokered the sale of The Columbian Retail Shops, on the northwest corner of South Michigan Avenue and East Roosevelt Road. Newcastle Ltd purchased the 6,600 SF retail property, which features Burger Bar and Elements Therapeutic Massage, for $2M. Mid-Am’s Joe Girardi and Carly Gallagher repped the seller, Boston-based Long Wharf Real Estate Partners.

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Darwin Realty & Development Corp principal Dan Fanelli repped the buyer, Mas Plumbing, in the sale of a 1,500 SF industrial condo unit, #208, at 820 W Lake St in Roselle. It will use the facility as the base of operations for the firm’s plumbing business. Coldwell Banker’s Russ Nelms repped the seller.

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Essex Realty Group’s Doug Fisher and Jason Fishleder completed the $1.6M sale of 6351 N Lakewood Ave in Edgewater, including 15 of 25 residential condos and six commercial units within a 31-unit walk-up building. The property is located within two blocks of the Loyola University campus.

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Adelphia Properties’ Simeon Spirrison and George Spirrison repped the seller, a private investor, in the sale of a former Play It Again Sports, a 5k SF building at 1628 Ogden Ave in Downers Grove. The property sold at full list price. The buyer was a cash user/investor.

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Essex Realty Group’s Jim Darrow and Jordan Gottlieb completed the $1.3M sale of 7002-16 W Medill. The townhomes of Medill Row are six newer construction three-bedroom townhome units located in an eight-row house style property in Montclare. Two of the eight units were sold in October 2008 for $379,000 each.

LEASING

The Deal Sheet

GlenStar Properties signed AMLI Residential, repped by CBRE’s Mark Cassata and Cal Wessman, to a new 30k SF long-term lease at the Chicago Board of Trade Building (above), taking over the entire third floor. The CBOT Building will serve as the hub for the firm’s Midwest operations. GlenStar’s Christian Domin and Sandy Macaluso are the exclusive leasing agents for the building.

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Liberty Property Trust signed leases totaling 167k SF in Q4 of 2014. Q4 deals: Ecolab took an additional 125k SF at 3501 Corporate Dr in Joliet; Dixon Valve & Coupling Co signed a new 30k SF lease at 1011 N Hilltop in Itasca (Transwestern’s Justin Lerner and Joe Karmin repped the tenant, Lee & Associates of Illinois’s Jeff Janda and Jeff Galante repped ownership); and ALFA Textiles renewed 13k SF at 869 S Rte 53 in Addison.

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Equity Office Management leased 36k SF at 222 S Riverside Plaza from Behringer Harvard South Riverside LLC. The company is relocating from 2 N Riverside Plaza. CBRE’s Todd Lippman repped Equity Office Management. JLL’s Steve Smith repped ownership.

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OC Keckley Co leased 20k SF at 7560 N Croname St in Niles. CBRE’s Brett Kroner, Keith Puritz, Ryan Bain and Zach Graham repped OC Keckley Co in the deal. Colliers’ Brendan Green repped the landlord.

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Menasha Packaging signed an 8,300 SF flex lease in Northbrook. JBS Commercial Real Estate partners Brian Silverman and Jason Shibata repped ownership, Northbrook-based Rothbart Realty. Avison Young’s TJ Schemmel and Patrick McCaffrey repped Menasha Packaging.

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D&D Plumbing signed a lease for 3,635 SF at 6300 Oakton St in Morton Grove and will relocate from its space in Skokie this March. Brown Commercial Group senior associate Trinity Scurto and sales assistant Brian Lindgren repped D&D in the lease. Colliers’ Brendan Green repped the landlord, Lebony Realty Partners. Trinity also repped auto repair facility Horse Stable Automotive in its expansion lease for 3,500 SF at 101 Kelly St in Elk Grove Village. A Jules Milten Industrial Realtors’ Jim Milten repped the landlord. In her third deal, Trinity completed a 3,840 SF lease for rock tools manufacturer Kemaico at 10929 Franklin Ave in Franklin Park.

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Related Topics: CBRE, Colliers, Cushman & Wakefield, JLL, Liberty Property Trust, Transwestern, Avison Young, Mid-America Real Estate Corp, Adelphia Properties, Bradford Allen, Jordan Shtulman, STREAM Capital Partners, Jonathan Wolfe, Newmark Grubb Knight Frank, Darwin Realty & Development Corp, George Cibula, Colin McKenna, Jameson Commercial, Essex Realty Group, Jim Darrow, Podolsky|Circle CORFAC International, Matt Welke, Doug Fisher, George Spirrison, Simeon Spirrison, GlenStar Properties, Geoff Kasselman, AMLI, Steve Smith, Pine Tree Commercial Realty, Lee & Associates of Illinois, Jordan Gottlieb, Behringer, Newcastle, Keith Puritz, Brett Kroner, Ryan Bain, Zach Graham, Ben Wineman, Joe Girardi, Brown Commercial Group, Trinity Scurto, Jeff Galante, David Bercu, Jonathan Kohn, JBS Commercial Real Estate, Jason Shibata, Brian Silverman, Rothbart Realty, Jeff Janda, Joe Karmin, Justin Lerner, Coldwell Banker, Quantum Real Estate Advisors, Chad Firsel, Carly Gallagher, Christian Domin, Sandy Macaluso, Adam Haefner, Jason Fishleder, Brendan Sheahan, Sand Capital, Long Wharf Real Estate Partners, Dan Fanelli, Mas Plumbing, Russ Nelms, Mark Cassata, Cal Wessman, Equity Office Management, Todd Lippman, Brendan Green, TJ Schemmel, Patrick McCaffrey, Brian Lindgren, Lebony Realty Partners, Jim Milten, A Jules Milten Industrial Realtors, Entre Commercial Realty , Brian Bocci, Northern Builders, Steve Sewart, Pat Hake, James Estus, Jeffrey Kapcheck, Britt Casey, Chris Lydon, Jason Simon, Christopher Volkert, John Basile, Patrick Turner, Gloria Valerugo, Kelly Morrissey, Susan Houlihan, Stephen Sise, Pat McGuire, Peter Skontos, Steven Podolsky, Winthrop Realty Trust, Gamla Cedron, Micro Office Solutions, Steve Fitzgerald, Max Malec, Andrew DeMoss, Reisha Vanterpool, Craig Nadborne, Cathriona McGuire, Sameena Basit, Christopher Rucker, Clark Street Capital, Golub Capital