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THE DEAL SHEET

Chicago

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People

Brian and Stephanie Pesmen, along with David Schwartz, have recently joined the Marcus & Millichap Commercial Investment Services team.

  • Brian and Stephanie specialize in Land and Industrial properties. They both have an extensive background in consulting and development in Chicagoland, which extends over 45 years combined
  • David, specializing in retail, joins after working as a principal for a development company, where he negotiated sales and purchase contracts in excess of $60 million and built gross revenues from $700,000 to $7 million  per year. 

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Tom SeurnyckPatrick Shields, and Matt Fritzshall have joined Marcus & Millichap's Investment Services team.

  • Tom specializes in Industrial properties and comes to the company with a background in fund and portfolio management. While working at Wrightwood Capital, Tom underwrote a noteworthy 30 financial transactions totaling $500 million. He's a Notre Dame alum.
  • Patrick, a Purdue  grad, is an active member in the Eisenberg Foundation and Young Real Esta te Professionals. He specializes in retail properties throughout  Dupage county.
  • Matt is a recent graduate of  Illinois State  with a degree in Business Finance.  He gained multifamily experience as a leasing and property management expert prior to joining Marcus & Millich ap.

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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.

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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.

Sales

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.

Finance

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.

Leasing

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.

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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.

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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. 

 

Construction

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. 

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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. 

Company News

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.