This Week's Chicago Deal Sheet
Shapack Partners completed its acquisition of a 90k SF industrial building at 2065 N Southport, in the Clybourn Corridor PMD, for $10.6M.
Shapack will convert the building into loft office space and the firm believes its location across from the former A Finkl & Sons site, which Sterling Bay purchased last year, will make the building well-positioned for prospective tenants. MB Real Estate’s David Kimball and Jay Beadle repped the seller, Maclee Chemical, in the transaction.
Quantum Real Estate Advisors’ Chad Firsel repped the seller of a multi-tenant retail property at 100 S Atkinson Rd in Grayslake (shown), for $1.3M. The buyer was a private investor based in the north suburbs.
Kudan Group’s Juan Carlos Gomez repped the sellers of 2451 N Milwaukee to Paulie Gee’s, a Brooklyn-based Neapolitan pizza chain. This will be Paulie Gee’s first Chicago location.
CBRE’s Bill Novelli, Derek Fohl and Robert Graham repped the seller of 1200 Arlington Heights Rd in Itasca to Hamilton Partners.
Marcus & Millichap’s Austin Weisenbeck, Sean Sharko and Adrian Mendoza repped the seller of a 25k SF retail property at 601-633 Meacham Rd in Elk Grove Village (pictured), for $6.9M. The multi-tenant property is anchored by a McDonald’s and a Taco Bell.
Adelphia Properties’ George and Simeon Spirrison repped both parties in the $4.5M sale of a 16k SF single-tenant, net-leased property at 28W611 Ferry Rd in Warrenville. The Gardner School has a long-term lease on the space.
NAI Hiffman’s Adam Naparsteck, David Haigh and John Cash repped both parties in the sale of 2000 Fox Ln in Elgin. The seller of the 128k SF building was Rieke Office Interiors. The buyer was High Street Realty.
Bradford Allen’s Ben Azulay and Justin Kessler repped Davis Harrison Dion in its 10k SF lease renewal at 333 N Michigan Ave (above). MB Real Estate’s Mark Buth and Kelsey Scheive repped the landlord.
Savills Studley’s Robert Sevim and Jon Azulay repped Rail Europe in its 24k SF lease at 1350 E Touhy in Des Plaines. Rail Europe will move to its new HQ in early 2017.
First Western Properties completed the following leases:
- Paul Tsakiris and Kellen Duggan repped a tech firm in a five-year lease at 820 E 87th St in Chicago.
- Paul Tsakiris, Laryssa Moros and Marion Abramiuk repped Expedient Tax in the lease of a storefront at 1533 N Western.
Kudan Group’s Adam Salamon repped The Growling Rabbit in a 3k SF lease at 5938-40 N Broadway. The farm-to-table restaurant will open in summer.
NAI Hiffman's Patrick Kiefer repped landlord Sun Life Assurance Company of Canada in the following leases, totaling 61k SF at 900 Oakmont Ln in Westmont (pictured):
- Millennium Medical Management Resources relocated into 11k SF and was represented by JLL’s Todd Schaefer.
- Black & Veatch signed a new lease for 9,248 SF and was repped by Savills Studley’s Patrick Brady.
- Silvon Software relocated into 5,444 SF and was repped by CBIZ Gibraltar’s Bill Main and Eric Galanti.
- Helm Group expanded another 1,614 SF, bringing its total occupancy to 16k SF. Cushman & Wakefield’s Lou Hall and Dan Wilkins repped the tenant.
NAI Hiffman's Patrick Kiefer repped landlord American Realty Advisors in its lease renewal and expansion with BWAY Corp at 1515 W 22nd St in Oak Brook. Cushman & Wakefield’s Susan Rosen and David Popa repped the tenant.
Transwestern’s Thomas Boyle and Jared Paff repped Alpha Tekniko in its 55k SF lease at 1290 Ensell Rd in Lake Zurich.
CBRE’s Ryan Bain and Zach Graham repped the landlord in two leases totaling 98k SF at 4201 W Victoria in Chicago. Transwestern’s Adam Schneider repped Centerpoint Marketing in the expansion and three-year lease of 23k SF. Colliers’ Mike Senner repped Heffernan Morgan Ronsley in a new 126-month lease of 75k SF.
Gregory Cazel joined Hunt Mortgage Group as managing director. Greg was most recently at Wells Fargo, where he was responsible for the origination, closing, securitizing and on-book lending of commercial real estate loans. He has also worked at A10 Capital, JP Morgan Mortgage Capital and Washington Capital Associates.