THE DEAL SHEET
| SALES | |
Tricap Chicago acquired 31 apartments at 4740 S Greenwood Ave (less than four blocks from President Obama's digs) in Hyde Park’s Kenwood from an estate and will do a gut rehab of the three-story, courtyard building. The investor financed the deal through Community Investment Corp. Leasing will begin in the spring. *** NAI Hiffman's Dan O’Neill repped Old Chicago Real Estate in its sale of four acres in Bolingbrook at Lily Cache and Woodcreek Drive, where The LaSalle Group will build an Autumn Leaves assisted facility for Alzheimer's and dementia patients. Dan, along with colleagues Jeff Fischer and Kelly Disser, also repped Duke in its sale of the 93k SF 444 N Commerce Dr in Aurora to Phonak, which had been leasing 27k SF there. |
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| LEASING | |
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Johnstone Supply, repped by Podolsky's Steven Tick, leased 236k SF in 3500 Corporate Dr in Joliet and will take occupancy on Jan. 1. Lee & Associates' Walter Murphy repped the landlord. *** United Airlines, repped by JLL, expanded in Willis Tower by 205k SF and extended its lease through 2028. It will now occupy 830k SF. 233 S Wacker Dr LLC was repped by US Equities Realty. *** Gamma Technologies, repped by Colliers' Sven Sykes and Rick Morris, expanded its lease at Westmont's Oakmont Circle at 601 Oakmont Ln by 5,320 SF and extended its lease on another 13k SF. NAI Hiffman's Jim Adler repped the landlord, TA Associates Realty. |
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| FINANCING | |
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| Meridian Capital Group's Aaron Birmbaum, Ronnie Levine, and Tal Savariego arranged a 10-year, $50M CMBS loan from Goldman Sachs for Flagship Partners' 46k SF 25 East Oak St in the Gold Coast. | |
| CONSTRUCTION & DEVELOPMENT | |
JC Anderson completed a 40k SF interior buildout at 111 W Jackson for investment bank Loop Capital, which is relocating from 24k SF at 200 W Jackson. Dave Goss and Dan Burnette worked on the project for JC Anderson. Perkins + Will designed the space, as well as 8,600 SF in the same building for investment management firm Keeley. Bear Construction worked on Keeley's space. *** Premier Design + Build Group has completed a 15k SF warehouse for Akorn Pharmaceutical at 5605 Centerpoint Ct in Gurnee, a 17k SF buildout at 1020 Davey Rd in Woodridge for Harrington Industrial Plastics, and an 18k SF buildout for Rite Rug at the same property. |
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| PERSONNEL NEWS | |
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Tishman Construction promoted James Banovitz to VP of preconstruction and estimating services for the Midwest region. *** MB Real Estate hired tenant reps Jason Kleiman, Bob Budington, and Anwar Ali from Avison Young. *** Marcus & Millichap promoted Benjamin Firestone (seniors housing) and David Gaines (multifamily) of the Downtown office and Ryan Engle (multifamily) and Sean Shanko (retail and net lease) of the Oak Brook office to VP of investments. |
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