SALES NEWS
Marcus & Millichap's Charles LeClaire arranged the sale of 42 self-storage facilities in California, Illinois, and Hawaii. In all, the A-American Self-Storage
portfolio includes 2.8M SF. The assets, which include 25 units sold
for $163.4M. The seller was A-American Self Storage. The buyer was CPA:17-Global, a non-traded REIT affiliate of WP Carey & Co.
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Cole Real Estate Investments acquired Caremark Tower II, a 195k SF office building in Northbrook for $44M. The property is net-leased to CVS Caremark, with 10 years remaining on the lease. The property includes a three-story, 250-space parking structure. Cole’s Boyd Messmann repped the buyer. HFF’s Ken Glomb and Stephen Livaditis represented the seller.
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Lee & Associates’ Scott Anderson repped seller CenterPoint Property Trust in the sale of a 102k SF manufacturing facility on 5.8 acres at the Ford Supplier Park on the southeast side. Ford Motor Co was the buyer.
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Essex Realty Group's Doug Imber and Mike Tetrick brokered the sale of Oak Knoll
Apartments, a 98 unit apartment community in Cary. The sales
price for the four two-story buildings, which include 59 one bedrooms,
36 two bedrooms and 2 three bedrooms, was $6.5M.
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CBRE’s Keith Purtiz, Brett Kroner, Ryan Bain, and Zach Graham represented Kavo Dental Technologies in the sale of 58k SF at 340 E Route 22 in Lake Zurich to Morgan Bronze Products. The warehouse was built in 1966 and renovated in 2001. It includes 6,620 SF of office space. Asking price was $1.9M.
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Lee & Associates’ Scott Anderson repped seller Arquilla Industries in the sale of a 40k SF warehouse on 5.9 acres in Harvey. The buyer, Seefried Properties was represented by CBRE. The property, which is adjacent to the Canadian National Railroad intermodal, will serve as a distribution center for The American Bottling Co.
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The Boulder Group's Randy Blankstein and Jimmy Goodman repped the seller of a single tenant net leased Starbucks property
at 4820 N University St in Peoria for $1.2M. The 1,928 SF building was developed in 2005 on an outparcel to
a Schnuck’s grocery store. The buyer was a private
individual investor from Los Angeles.
EXECUTIVE MOVES
Kevin Rocio has joined @properties commercial division
as a multifamily specialist. Prior to joining @properties, Kevin was
an associate specializing in multifamily investment sales at Marcus & Millichap. He also has 17 years of experience as a mortgage broker, most recently at National City Mortgage Corp. He attended Elmhurst College.
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Alli Chapman has joined Skender Construction as VP of business development. Alli has a bachelor’s degree in environmental interior design from Illinois State University. She was formerly VP and senior designer at VOA Associates.
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Studley’s Lisa Davidson and Tony Smaniotto have completed the professional development series for the CoreNet Global Master of Corporate Real Estate designation. To receive the designation, professionals must complete 104 hours of classroom training by finishing three required seminars, two elective seminars, and a capstone within a five-year period. CONSTRUCTION NEWS |