THE DEAL SHEET
Leasing Transactions
Cushman & Wakefield, in conjunction with USI Real Estate Brokerage Services Inc., is marketing the former Motorola Inc. facility at 1900 Winchester in Libertyville. C&W Industrial Group's John Hauser, Steve Trapp and Charles Des Rosiers will lead the marketing for the 84k-SF office in Lake County.
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Colliers Bennett & Kahnweiler's Brian W. Kling and Tyler R. Lenczuk repped American Diagnostics Medicine, Inc. in an 18k-SF least at 512 Kingsland Drive in Batavia. CBRE's Kirk Armour and David Prell represented the landlord, Liberty Property Trust, in the transaction. ADM is relocating from Elmhurst to the 178-SF Batavia Industrial Center.
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Stenograph, LLC, a manufacturer of shorthand writing machines has signed a new lease for 41k-SF at 596 Lamont Road in Elmhurst. Colliers Bennett & Kahnweiler's Kelly M. Joyce repped Stenograph, while Nicolson Porter & List's John Gearen represented the landlord, UBS Realty Advisors. Stenograph is moving from Mt. Prospect to the space in Greenpoint Business Park.
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Office Concepts has renewed its 130k-SF lease at 13829 Business Center Drive in Lake Forest. HSA Commercial Real Estate represented the landlord,International Business Centers, and Colliers Bennett & Kahnweiler's Vernon Schultz, Fred Regnery and Michael Senner represented Office Concepts, a Steelcase furniture dealer.
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FIC America Corporation and M One Distribution Inc. have leased space in Carol Stream I, a 188k-SF industrial building at 640 Center Avenue in Carol Stream. FIC, a metal stamping company, leased 66k-SF while M One, a freight fulfillment company, signed for 44k-SF. FIC was represented by TOBI International's Mas Ishida and M One was represented by NAI Hiffman's Larry Much and Kelly Disser. The landlord, Duke Realty, was represented in house by Scott Marshall as well as by CBRE's Mike Sedjo, Pat McCourt and Chris Zubel.
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Culligan Dealer Company, a water conditioning system company, has renewed its lease of 17,500 square feet in Crossroads 3, a 187k-SF industrial building at 375 W. Frontage Road in Bolingbrook. Duke Realty's Susan Bergdoll, represented Duke in house in the transaction.
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Sales Transactions
McMorgan & Company has awarded CBRE's Michael Vesper and Blake Johnson the exclusive sales adviser assignment for 303 West Madison. The West Loop office tower is expected to sell at less than $75m. At the corner of Franklin and Madison, the 310k-SF, 26-story building was designed by Skidmore Owings & Merrill and completed includes a Starbuck's, Potbelly's and Yogen Fruz.
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Marcus & Millichap Real Estate Investment Service's James Walsh and Micheal Wernke sold a 180-unit apartment community in Sauk Village. The Crossroads Apartments incldued 10 buildings, an outdoor swimming pool and tennis courts.
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Auctions
Inland Real Estate Auctions, Inc. will auction 20 home sites in the Hannaford Farm subdivision in Sugar Grove by July 31. Until that date, the seller, Ed Saloga Builders, Inc., has cut prices on the lots by up to 50 percent. Interested buyers can contact Inland to obtain a detailed bidder package. Bidding is open until July 31 and the sites will be sold on a first-come, first-served basis.
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Hospitality
La Quinta Inn has opened its first downtown Chicago location at One South Franklin. The hotel reuses the old Jewish Federation Building and will take part in the city's Green Roof Program. Its houses 241 guestrooms, three meeting rooms, a business center and an indoor heated pool.
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Construction
Harley Ellis Devereaux and Pepper Construction have broken ground on the new Pepper Family Hospice Home and Center for Care in Barrington. The 47k-SF facility is slated to achieve a LEED-Silver Certification. It will include 16 patient suites as well as healing gardens on a 7-acre site. HED's Dave Moehring will be the managing architect on the $18m project.
People News
Jim Ryan, CEO of Naperville-and Minnesota-based construction firm Ryan Cos. died May 27 after a 10-month battle with melanoma. Jim started working at his father's company when he was in eighth grade working his way up to CEO in 1989. The company celebrated its 70th anniversary last year.
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Michael Lesiuk is joining GK Development, Inc. as vice president of leasing. He will be in charge of leasing at four regional shopping centers. Michael previously worked at Urban Retail Properties LLC as the director of leasing for 7 m square feet. He is a graduate of Loyola University-Chicago and a member of ICSC.
