THE DEAL SHEET
Want to get a jump-start on upcoming deals? Meet the major Chicago players at one of our upcoming events!
Brian and Stephanie Pesmen, along with David Schwartz, have recently joined the Marcus & Millichap Commercial Investment Services team.
Tom Seurnyck, Patrick Shields, and Matt Fritzshall have joined Marcus & Millichap's Investment Services team.
Thomas M. Boyle has joined Newmark Knight Frank Epic as a principal and will build a new team responsible for the Lake County and Southeastern Wisconsin markets. He has served this region for the past 15 years, most recently as the Principal of Boyle Commercial Realty. He is a graduate of Villanova.
RJ Reynertson (LEED AP) and Tina Schirmang (Project Manager LEED AP and Designer) have joined Wright Heerema Architects. RJ brings over 16 years of experience including interior design, strategic facility planning, and management consulting. He has serviced Fortune 500 firms at Watson Wyatt and Accenture. Tina will be involved in the planning and design of interior projects.
Paine/Wetzel ONCOR International has completed a sale for a 138k-SF building at 2310 W. 58th Street in Englewood. Roll & Roll purchased it for $2.9M and will use it as a custom metal fabrication facility. Paine/Wetzel's Michael D. Nelson and Mark A. Nelson represented the seller, Great Western Steel Company. Chicago Industrial Real Estate LLC's Matt Rogatz represented the buyer.
Urban Development Fund , an affiliate of Chicago-based Aries Capital, has provided $21.5M in financing to facilitate the development and construction of the Embassy Suites Riverwalk in San Antonio. The investment was made possible by an allocation of New Markets Tax Credits. On Houston Street, it will be a 285-room, 16-floor hotel featuring two levels of below ground parking, a 7,000 square foot grand atrium, and a 7,500 square foot ballroom.
Morgan Realty Partners' Bill Waliewski completed three industrial lease renewals within the Karlyn Building located at 231-251 S. Frontage Road in Burr Ridge. The property is owned by Karlyn Building Joint Venture. Key Art Publishing Co and Independent Bearing were self-represented. Physician?s Choice's was repped by JCF Real Estate's Steve Craska.
CB Richard Ellis represented RTC, a retail planning and design firm, in its evaluation and relocation of its distribution and warehouse facility to Crossroads 5, 801 N. Schmidt in Romeoville. The company will move from 31st Street and Kedzie Avenue in Chicago and take occupancy of the entire 503k-SF building in April 2010. The building was developed by Duke Realty. CB's Bill Frain, Todd Lippman,Jim Whalen, and David Prell represented RTC in the long-term lease transaction. CB?s Larry Johnson and Mike Mangan negotiated on behalf of ownership.
Emmi Solutions, an interactive patient engagement programs provider, has renewed its 12k-SF lease at 300 West Adams. The location, which Emmi has occupied since 2002, serves as the firm's HQ. CBRE's Cal Wessman represented Emmi, while Sterling Bay's Andy Gloor negotiated on behalf of building ownership.
Principle Construction Corp was awarded a 41k-SF build-out project for Maysteel, at Park 94 at Mt. Pleasant, WI, 1400 International Drive. Maysteel specializes in manufacturing precision metal enclosures. Owned by HSA Commercial Real Estate, Park 94 at Mt. Pleasant is a 125k-SF building situated on 7.61 acres. Principle's Mike Long is the Project Manager. Cornerstone Architects will provide architectural services.
Epstein, a Chicago-based architecture, interiors, engineering and construction firm, has achieved LEED-CI for two of U.S. Cellular's new stores in northern Illinois. Epstein provided design and LEED consulting services for a 2k-SF space at West 13th St and Ashland Ave in Chicago and a 3k-SF space at 2705 Illinois Route 26 South in Freeport. The 13th St building received LEED-CI Gold certification and the Freeport space received LEED-CI Silver. Epstein's Jamie Tensbusch is the project manager for the U.S. Cellular account.
NRC Realty & Capital Advisors announced that, along with its partners, it has sold Rising Tide National Auction & REO Solutions to Jacksonville, Fla.-based Lender Processing Services, a leading provider of integrated technology and services to the mortgage and real estate industries. Rising Tide Auctions was formed in 2008 as a partnership between Chicago-based NRC and mortgage default industry veteran Gerald Shapiro of LOGS Group to provide a comprehensive auction platform for REO servicing companies nationwide. Rising Tide Auctions will be part of the LPS Auction Solutions division under the leadership of Chad Neel, president of the LPS Asset Management and Field Services division. Evan Gladstone will now hold dual roles, maintaining his NRC position and serving as managing director of LPS Auction Solutions.