THE DEAL SHEET
| SALES | |
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| Interra Realty's David Goss and Jon Morgan repped both parties in the $6.8M sale of the 63-unit 5222 S Drexel to an East Coast firm with an existing Hyde Park portfolio. | |
| MK Asset bought 38 units in a 40-unit broken condo development at the northwest corner of Greenleaf and Paulina in Rogers Park
for $4.2M from Republic Bank, which provided financing for the
acquisition and had renovated the building. MK will manage the buildings
and lease the vacancies.
*** Duke Realty Corp, repped by NAI Hiffman's Brian Colson and Eric Fisher, acquired the 258k SF, 14-year-old 940 N Enterprise St in Aurora from a Panattoni and CalPERS. Colliers' David Bercu repped the seller. Brighton Best International has signed a long-term lease for the industrial building. ***
Centrue Bank, repped by Inland Real Estate Brokerage & Auctions' Heather Devermann, sold a 12-year-old, 176k SF warehouse in Kankakee for $2.4M to Heartland Harvest. Nugent Curtis Real Estate's Christopher Curtis and McColly Bennett Commercial's Jeff Bennett also worked on the deal. *** Zip Mail Services bought the 26k SF industrial building at 340 Howard in Des Plaines. Owen Wagener & Co's Timothy Wagener and Carrie Wagener worked on the sale, which involved a Class 6b property tax incentive. |
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| LEASING | |
Precision Pouches, repped by Cushman & Wakefield's Al Caruana and Britt Casey, leased 40k SF of industrial space at 4328 N United Pkwy in Schiller Park's O'Hare Business Park. C&W's Larry Goldwasser, Jay Maher, and Anthony Leeds repped the landlord, KTR Capital Partners. The building is now fully leased. *** Braintree leased 26k SF in the West Loop's River Center (111 N Canal St) for five years. *** California-based Harbor Freight Tools signed for 20k SF for its first Chicago store at Bricktown Square (Fullerton and Narragansett avenues), which was repped by Mid-America Asset Management's Mary Beth Menelli-Iveljic and Jaime Platt. Grubb & Ellis' Branson Edwards repped the tenant. *** Owen Wagener & Co's Carrie Wagener leased 7,400 SF to OSS Services and Woodland Global at Bensenville's Tower Lane Business Park (1050-1138 Tower Lane) and 3,700 SF to nth Degree and 1,400 SF to Posh Production at 747 Church Rd in Elmhurst Metro Court. *** Kudan Group's Jarrett Fradin and Dave Bennett arranged the lease of the Kim & Scott’s Gourmet Pretzel space at 2218 N Lincoln Ave to Edzo’s Burger Shop. |
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| CONSTRUCTION & DEVELOPMENT | |
| HSA PrimeCare completed the two-story, 22,500 SF University of Chicago Medicine Comprehensive Cancer Center at Silver Cross Hospital at 1850 Silver Cross Blvd in New Lenox, an outpatient center for Will County. HSA owns and manages the facility, which opens on June 25. | |
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ARCO/Murray
National Construction Co completed an interior buildout for True
Consulting at 121 W 22nd St in Oak Brook. True relocated within Oak Brook Executive Plaza, moving up one floor to expand into the 14k SF. Chris Niedhammer was the project exec. *** Ryan Cos and Jim Bergman completed the $25M, 100-unit seniors affordable Thomas Place Gurnee apartments at 401 N Hunt Club Rd. Ryan's Design Build Architectural Services did the architecture and engineering. The Burton Foundation and Thomas & Thomas Associates were also involved. |
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| EXECUTIVE MOVES | |
Ben Torchman has joined River Center LLC as leasing rep. The Wilmette native previously worked for Jameson Commercial. *** Newmark Grubb Knight Frank hired Noah Shlaes as senior managing director and Michael McDermott
as director, both from Grubb & Ellis, for NGKF's global corporate
services consulting group. Noah has also
worked for Arthur Andersen and FPL Associates Consulting. Michael
previously worked for the Village of Tinley Park and has a master's
degree in urban planning and policy from the University of Illinois at Chicago. *** Cushman & Wakefield hired Tom Fioretti as senior managing director and Midwest leader, Bill Starcevich as managing director, and Jim Becker as project manager for its project management group. All joined from Grubb & Ellis and worked together at Tom's Fioretti Associates. Jim, who has degrees from the University of Chicago and University of Illinois, has worked for Leopardo Construction, Turner Construction, and LaSalle/Clune Construction. Jim, like Tom, is a Western Illinois grad. |
