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This Week's Chicago Deal Sheet

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The Missner Group called 5500-5520 East Touhy in Skokie home for 43 years. But all good real estate developers recognize the untapped potential of any site, even one it uses as a HQ, which is why The Missner Group relocated its HQ to Des Plaines and redeveloped the Skokie site into the new Touhy Town Center.

5500-5520 East Touhy, Skokie, Ill.

The $13M project included the demolition of two single-story, mixed-use buildings and the construction of four new retail facilities on the four-acre site. Touhy Town Center features three freestanding retail users, which include a 30K SF Goodwill retail store and donation center, a 5,200 SF Panera Café with a drive-thru, and a 6,100 SF building that will soon be home to Harken Health.

The last component of Touhy Town Center is a 5,500 SF building split evenly between MOD Pizza and Bank of Hope. The new center also features a large parking area, fresh landscaping and outdoor seating space. The Missner Group vacated the property in 2015.

SALES

1500 East Lake Cook Road, Buffalo Grove, Ill.
Carillon II shopping center, Romeoville, IL

Greenstone Partners repped the seller in the $6.1M sale of Carillon II, a multi-tenant retail center in Romeoville. Greenstone Asset Management was retained to handle leasing and property management.

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Essex Realty’s Doug Imber and Brian Kochendorfer were the sole brokers in the $5.3M sale of 1200-1224 71st St., a 32-unit apartment complex in Downers Grove.

LEASES

300 South Riverside Plaza, Chicago
300 South Riverside Plaza is valued at $250M.

Savills Studley’s Lisa Davidson, Tiffany Winne, Renae Bradshaw, Richard Dale and Loredana Perri repped 1WorldSync in its 22K SF lease at 300 South Riverside Plaza. The Telos Group’s Matt Pistorio repped ownership.

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CBRE’s David Prioletti repped the landlord in the lease renewals and expansions of two separate tenants, totaling 191K SF at One Gateway Court in Bolingbrook. Russell Perry Real Estate repped XPO Last Mile in the renewal and expansion of 96K SF. KW Commercial repped Vision Works in the renewal and expansion of 95K SF.

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Bradford Allen’s John Millner and Ryan Moen repped Indevor Development in a 29K SF lease with S&S Activewear at 220 Remington in Bolingbrook. The tenant was repped by Cushman & Wakefield’s Britt Casey and Ned Franke.

HIRES/PROMOTIONS

Skender Construction hired Dan Ulbricht as vice president. A 19-year veteran, Ulbricht will work to augment partnerships and expand new markets. He was most recently vice president of strategic accounts at Leopardo Construction.

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Leopardo Cos. announced the following promotions:

  • Rick DuPraw was named executive vice president, overseeing client engagement, business development and marketing.
  • Chris Novak was named senior vice president of Leopardo’s commercial interiors group.
  • Mark Fenton was named senior vice president and project executive in Leopardo’s interiors market.
  • Tony Orlandi was named senior project manager.
  • Josh Mertes was named senior project manager.
  • Jonathan Kirsch was named project manager.

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Morgan/Harbour Construction hired John Dunneback as vice president. Dunneback was most recently vice president of development for Ridgeline Property Group and director of development at Ryan Cos. for five years.

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Andre Pintauro joined Evergreen Real Estate Group as vice president of construction. Pintauro will work closely with Evergreen’s development team to expand Evergreen’s scope of construction services within the multifamily industry as well as the commercial sector, including mixed-use, retail and hospitality.

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LM Commercial Real Estate hired Michael O’Brien, Aaron Joseph and Anthony Spangler to work in its growing brokerage division in Chicago and northwest Indiana. The three will focus on land sales, infill industrial and office leasing, respectively.

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Inland Securities Corp. hired Sarita Vishakanta as vice president – broker-dealer relations. Vishakanta will be responsible for the development and enhancement of strategic relationships with select broker-dealers. She joins Inland from AXA Advisors, where she was head of alternative investment product and relationship management.

KUDOS

Morgan/Harbour Construction executive vice president Ben Warriner completed the requirements for nationally recognized Design-Build Professional certification. Drawing from over 15 years of construction and design-build experience, Warriner oversees planning and execution of every Morgan / Harbour project.