This Week's Chicago Deal Sheet

Chicago, the country's second-largest industrial market, is still awash with activity as we head into Q2. The latest transaction of note comes from Clear Height, which purchased 2000 Bloomingdale Rd, a 105k SF industrial property in Glendale Heights.

Transwestern’s Justin Lerner and Joe Karmin repped Clear Height, which also retained Justin and Joe to handle the property’s leasing.

SALES

Inland Real Estate Acquisitions purchased Miramont Apartments (shown), a 15-building, 210-unit complex at 4900 E Boardwalk Dr, and Pinecone Apartments, a 13-building, 195-unit apartment development at 2212 Vermont Dr. Both properties were 97% leased at the time of acquisition. Inland Real Estate Acquisitions SVP Matthew Tice facilitated on behalf of an Inland affiliate.

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Podolsky|Circle CORFAC International completed the following transactions:

• Alissa Adler and John Homsher repped the seller of 412 N Northwest Hwy, a 13k SF mixed-use, multi-tenant building in Barrington. The property sold for $600k.
• Alissa Adler and John Homsher repped the seller of 509 Old Northwest Hwy (pictured), a 12k SF, multi-tenant office building. The building sold for $475k.
• Steven Podolsky repped seller Karfam Co in the $1.2M sale of 3330 N Shadeland Ave, a 24k SF industrial property in Indianapolis. The buyer, CM Properties, was repped by CBRE’s Jared Scaringe.

LEASES

Avison Young’s Brett Kroner, Keith Puritz and Eric Fischer repped Fromm International in its 73k SF lease renewal at 603 Dempster St in Mt. Prospect (shown). Landlord Clarion Partners was repped by Colliers’ Tom Rodeno and Matthew Stauber.

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CBRE’s Todd Lippman, Brad Serot and Paul Reaumond repped Echo Global Logistics in a 225k SF lease at 600 W Chicago Ave. The lease is a 132k SF expansion for Echo. The Telos Group’s Jack O’Brien and Matt Pistorio repped the landlord.

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RKF’s Steve Schwartz repped Liberty Travel in its 12k SF lease at Mila, 200 N Michigan Ave. Landlord The John Buck Co was repped by Stone Real Estate’s John Vance and Danielle Rudas Goodman.

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MB Real Estate’s Kathleen Bertrand and Mark Buth repped the owner in an 11k SF lease extension for InTouch Solutions at 205/225 N Michigan Ave in Chicago—the third expansion by InTouch in three years. InTouch was repped by CBIZ Gibraltar’s Steven Joseph.

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Cushman & Wakefield’s Adam Showalter and Conor Lund repped landlord Gus Dahleh in the following lease transactions at 111 E Busse Ave in Mt. Prospect:

• Baldridge & Associates Structural Engineering, repped by Resource Commercial’s Mark Brodson.
• Sedgwick Advisors, repped by NAI Hiffman’s Jack Reardon.
• Chicago Psychological Health Center.
• Good Health to You.

HIRES/PROMOTIONS

Rockwell Partners principal Jason Fishleder is now the firm’s head of acquisitions and investor relations. Jason joined Rockwell at its inception in 2009.

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Darwin Realty promoted Jeff Provenza to VP. Jeff is active in the O’Hare and West Cook industrial markets and completed 780k SF in transactions last year, totaling more than $27M.

KUDOS

The Habitat Co added more than 5,000 units to its national management portfolio after securing assignments for 12 rental properties in Birningham, AL, and Tampa, FL, since last November. The assignments expand Habitat’s national management portfolio to more than 25,000 residences, the highest number in the company’s 45-year history.