THE DEAL SHEET
| SALES | ||
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| Younan Properties, repped by Eastdil Secured's Stephen Livaditis and Chang Lee, sold the 645k SF, 30-story 200 N LaSalle to Vancouver's Onni Group for a reported $101M. |
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| KF Schaumburg—repped by HFF's Daniel Kaufman, Matthew Lawton, Jim Batjer, and Barry Brown—sold the 700k SF Streets of Woodfield at 601 N Martingale Rd in Schaumburg to Arrow Operating Acquisitions. HFF's Trey Morsbach and Tim Joyce also arranged a $100M, four-year, adjustable-rate acquisition loan through CIBC World Markets. The shopping center is 98% leased to tenants like Whole Foods, Crate & Barrel, Dick’s, and Carson Pirie Scott. It also has a 20-screen AMC Theatre and the LegoLand Discovery Center US flagship. | ||
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CB Richard Ellis Realty Trust bought a 1.4M SF warehouse on seven acres in University Park that's leased through August 2021. *** Standard Market bought the three-acre former Frank's Nursery & Crafts at 1520 Aurora Ave in Naperville for its second Chicago store. Inland Real Estate Brokerage & Auctions' Paul Montes and Eric Spiess repped the buyer. *** A Chicago financial institution—repped by Baum Realty Group's Danny Spitz, Greg Dietz, Doug Renner, Steve Schwartz, and Tim Driver—sold the 11k SF Cooper's Hawk Winery & Restaurant next to the Westin North Shore Hotel in Wheeling to an Arizona investment group for $3.3M. *** Podolsky Northstar Corfac International's Randy Podolsky and Adam Tarantur sold 27W021 St. Charles Rd in Carol Stream on behalf of American Bank & Trust Co. It's a three-acre contractor’s yard with two buildings totaling 6,000 SF. *** Building Equity arranged the short-sale of a seven-unit failed condo conversion at 1521 W Irving Park in Lakeview for $1M. *** The owners of Wrigleyville's Merkle's and Lincoln Square's Bad Dog Tavern bought Riverview Tavern at Roscoe Village's 1958 W Roscoe. Kudan Group's Marcus Sullivan repped the seller, and colleague Jim Martin repped the purchaser. Marcus also negotiated the sale of 1132 W Grand Ave in West Town, where Matthew Valkenburgh and Yamandu Perez (owners of Zak's Place in Hinsdale) will open a gastropub called Two. And Kudan Group’s Adam Salamon negotiated the sale of La Amistad Mexican restaurant at 1914 W Montrose, which will re-open in May.
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| LEASING | ||
Three leases with existing tenants bring three of Duke Realty's properties to 100% occupancy:
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| CONSTRUCTION | ||
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| Construction on City Winery Chicago at 1200 W Randolph St in the West Loop is under way. The refrigerated-food warehouse built early in the 20th century is being renovated, and a two-story, 5,000 SF addition will go up in the courtyard with a 30-foot-high glass curtain wall. The 33k SF facility will open in August. Summit Design + Build’s David Brown and Chuck Schmidt will oversee construction of the Christopher Warnick Architecture and Phillip Katz Project Development project. | ||
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Krusinski Construction Co installed a 52-foot, 125-pound sterilization chamber for Sterigenics in Willowbrook. Julius Kwasek of Kwasek Architects provided design services. *** ARCO/Murray National Construction Co completed a 30k SF renovation for US Cellular at 100 Mittel Dr in Wood Dale. Mike Gaw was project manager and Chris Niedhammer the project executive. *** J.C. Anderson completed a 12k SF interior buildout for Jackson Lewis' expansion in the Smurfit-Stone Building (150 N Michigan Ave). Joe Maguire was the project manager and Bob Hickey the project superintendent. Gensler Architects and Studley were also involved. *** J.C. Anderson will also do a 50k SF buildout for DePaul University's College of Commerce at One E Jackson. Steve Boulukos will lead the team. Vasilko Architects & Associates also worked on the project, which will deliver this summer. |
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| EXECUTIVE MOVES | ||
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| Jane Robins joined Cushman & Wakefield's industrial team as senior director from Arthur J. Rogers & Co. | ||
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| The Missner Group hired June McCrory as VP of property management to oversee the firm's 2M SF portfolio. Previously, she worked for Duke Realty, and she's also worked for Grubb & Ellis, Sears, RREEF, and Hines. | ||
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| Morgan / Harbour Construction hired Steven Rogers as senior project manager. Previously, he held the same position at Krusinski Construction, and he's also worked at Leopardo and Pepper Construction. | ||
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| David O'Keefe joined Schain Burney, Banks & Kenny as partner. His primary responsibility is servicing clients' tax needs. He has a law degree from Loyola. |
