| Summit Design + Build cut the ribbon last week on the new Belfort House for Teen Living Programs at 3745 S. Indiana in Chicago’s historic Bronzeville neighborhood. Teen Living Programs is dedicated to serving homeless youth. | |||
| Hartshorne Plunkard's Jim Plunkard, TLP's Jeri Linas, Summit's Jeff Harwood and Adam Miller, TLP's Betty Boog, Summit's Mark Heffron, Hartshorne Plunkard's Tim Holleran, and McHugh Development's Paul McHugh, at the opening. The building houses an emergency shelter for minors, a transitional living program for older youth, and support services such as a health clinic and education, vocation, and recreation specialists. The 12k SF, three-story modern structure increased TLP’s capacity from 36 to 42 beds. | |||
| Leasing News Allianz Global Corporate & Specialty signed a long-term lease renewal and expansion consolidating its Chicago operations at 225 W. Washington. The lease is for full floors 18-21 and totals 73k SF. It will serve as the US HQ AGCS, which was repped by UGL Equis'Chris Wood, Adam McCostlin, Zach Pruitt, Michael Merritt, and Tanya Van Black. Building ownership was repped by Golub's John Ferguson, Josh Crane, and Peter Merrion. *** DG FastChannel signed a 10-year, 31k SF lease at 8130 River Dr. in Morton Grove. The company will take occupancy of the entire industrial warehouse building in December. CB Richard Ellis' Keith Puritz, Brett Kroner, Ryan Bain, and Zach Graham repped the tenant while Colliers Bennett & Kahnweiler's Chris Volkert and Brendan Green negotiated on behalf of the landlord, 8130 River Drive LLC. *** Grubb & Ellis's Jim Ward and Craig Cassell represented Computer Systems Institute in the 10-year lease of 25k SF of educational space located at 400 Airport Rd. in Elgin. Computer Systems Institute is HD'd in Skokie and owns and operates five other campuses in the Chicagoland area. *** CBRE's Hank Cox, Bob Reaumond, Keith Puritz, Brett Kroner,Ryan Bain, and Zach Graham represented Focus Products Group in its 24k SF long term lease at 300 Knightsbridge Pkwy. in Lincolnshire. Van Vlissingen & Co.'s Nick Panarese repped the landlord, Knightsbridge II LLC. *** Rosebud Restaurants signed a lease for a 10k SF restaurant space at the River Square Shopping Center in Naperville. The restaurant is scheduled to open in November. River Square, at 22 E. Chicago, is owned by Inland Real Estate Corp. *** The Missner Group has completed three leases at Skokie Industrial & Office Centre and one at nearby Touhy Plaza in Skokie. Skokie Industrial & Office Centre at 5500-5520 W. Touhy Ave. is a single-story, multi-tenant office/warehouse building totaling 86k SF. The Missner Group's Dan Kawahara repped the owner in the three leases to Conya Global (4k SF repped by Century 21's John Lee Bingham) The North American Chess Association (1,743 SF), and Data Vision Systems (1,688 SF). At Touhy Plaza, Comp Med Home Health leased 2k SF. *** Sperry Van Ness' Ben Andrews and Scott Maesel represented Flaco’s Tacos in its 1,500 SF lease at 46 E. Chicago Avenue. Altas Partners' Gwen Callans repped the landlord. The restaurant should open at the beginning of 2011. Executive Moves Awards Finance News *** HFF has completed the sale of two sub-performing loans secured by retail centers in Wisconsin and Illinois on behalf of a major Midwest insurance company. HFF's Bill Mitchell, Stuart Salins, and Ken Glomb represented the seller. An affiliate of Valstone Partners purchased the loans for an undisclosed amount. The retail centers include a 42k SF property in Brookfield, Wisc. and a 106k SF center in Oswego. Sales News *** CBRE's Bill Novelli, Keith Puritz, Brett Kroner, Ryan Bain, and Zach Graham represented J&T Enterprise in its purchase of the 34k SF building at 1225 Busch Pkwy. in Buffalo Grove. The seller was 1225 Busch Parkway LLC. Sale price was undisclosed. Lee & Associates' Terry O’Hara and Paul Tesdal repped the seller. *** Millenium Properties R/E's Daniel Hyman sold the building at 1448-1456 West 83rd Street to Pangea Equities for $250,000. Daniel worked with MPI's Brad Thompson as representation for the buyer and seller, a local financial institution. Kalcheim Haber LLP's Jamie Ross counseled the seller and McDonald Hopkins LLC's Chad Richman counseled the buyer. The 12k SF apartment building has 13 two-bedroom units and an English basement. |
TLP opens in Bronzeville; The Deal Sheet
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Adam McCostlin, Adam Miller, Aqua Tower, Ben Andrews, Bill Mitchell, Bill Novelli, Bob Reaumond, Brad Thompson, Brendan Green, Brett Kroner, Buffalo Grove, Busch Pkwy, Cambridge Realty Capital Ltd, Chicago Avenue, Chicagoland Apartment Association, Chris Volkert, Chris Wood, Computer Systems Institute, Conya Global, Craig Cassell, Daniel Hyman, Dan Kawahara, DG FastChannel, Finance NewsCambridge Realty Capital Cos, Focus Products Group, Global Head, Hank Cox, HUD Lean, HUD Section, Inland Real Estate Corp, Investment Properties Group, Jeff Harwood, Jeffrey Davis, Jim Plunkard, Jim Ward, John Ferguson, Keith Puritz, Ken Glomb, Knightsbridge Pkwy, Lakeshore East, Management Excellence, Mark Heffron, Millenium Properties, Morton Grove, MV Transportation, Nick Panarese, NNP Residential, Northwestern Brain Tumor Institute, Office Centre, Paul Tesdal, Peter Merrion, Pitts Brothers, Property Excellence Award, Rob Pitts, Ryan Bain, Scott Maesel, Skokie Industrial, Sperry Van Ness, The First National Bank, The Missner Group, The Wisconsin, Van Vlissingen, Venture One Real Estate, Zach Graham, Zach Pruitt
