The Deal Sheet
SALES
HFF managing directors Sean Fogarty and Marty O'Connell, along with executive managing director Matthew Lawton, closed the sale of 297-unit The Belden Stratford (above), 2300 Lincoln Park West in Lincoln Park, on behalf of the seller. Built in 1923, the property also has 19k SF of retail space occupied by tenants including Mon Ami Gabi and L20.
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Newmark Grubb Knight Frank completed two industrial sales totaling more than 30k SF in the Northwest suburbs. Arling 5, repped by NGKF's John Joyce and Ryan Phillips, sold a 16k SF building at 3555 Salt Creek Ln in Arlington Heights to a private investment group, which was looking for a building near a new multifamily development at Euclid and Rohlwing. In the second transaction, a private entity sold a 15k SF building at 1251 Basswood in Schaumburg, to Basswood Corner, which will operate a badminton training facility from the location. Both sides were repped by John, Ryan, and Chris Rickett.
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Mid-America Real Estate's investment sales team brokered the $4.7M sale of 23k SF North & Harlem Plaza in Oak Park to Edwards Realty Co. The strip center's tenants include Dunkin' Donuts, UPS, and Check 'n Go. Mid-Am's Carly Gallagher repped the seller, Dallas-based Lone Star.
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Newmark Grubb Knight Frank's John Joyce, Ryan Phillips, and Chris Rickett repped UNBEL in the disposition of an industrial building in Elk Grove Village. Arkman Logistics, repped by CBRE, acquired the 54k SF building on Estes and Nicholas, and will relocate its operations from Des Plaines.
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STREAM Capital Partners' Jordan Shtulman and Jonathan Wolfe repped the seller, a Florida-based private investor, and the buyer, a New York-based investor group, in the $3.9M sale of Banco Popular at 1700 W Lake St in Melrose Park.
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Ryan Engle and Andrean Angelov, investment specialists in Marcus & Millichap's Chicago Oak Brook office, repped both sides in the $1.2M sale of 12-unit Lexington Apartments, 15W630 Lexington St in Elmhurst. The seller and buyer were both private investors. The property features 24 off-street parking spaces and on-site laundry facilities.
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Kiser Group managing director Sean Connelly repped both sides in the $1M sale of a five-unit brick apartment building at 1874 N Hoyne in Bucktown.
LEASING
NAI Hiffman VP Chris Gary completed four transactions totaling over 116k SF: He repped both sides in Noble Americas two lease renewals at Ashley Capital's 2.2M SF Calumet Business Center (above) on the South Side. The first renewal was for 52k SF of space at 1400-1580 E 97th Pl, the second for 35k SF at 1441-1535 E 98th Pl. In Michigan City, Ind., he repped P-Americas in the sale of its 25k SF industrial property at 600 US Hwy to Richards Supply Co (repped by NAI Hiffman EVP Duke Botthof). He also repped AMS Mechanical Systems in a new lease for 5,433 SF of office space at 9200 Calumet Ave in Munster, Ind. First Location's Troyanna Libassi repped the landlord, Simborg Realty.
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Colliers VP Kelly Joyce repped Get Fresh Produce in a 52k SF new lease at 1456 Brewster Creek Dr in Barlett. The new lease is an expansion from its current facility, directly adjacent to the property, for distribution of dry goods and fresh food processing. Owner Cabot Properties was repped by JLL's Dominic Carbonari.
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Bradford Allen Realty Services managing director Julie Lane repped Illinois Action for Children in an 8,550 SF lease renewal at 8741 S Greenwood. The organization has been a tenant in the building since 2003 and also occupies space at 1340 S Damen and 4753 N Broadway. Ownership was repped by Waveland Properties director Jeff Clousing.
EXECUTIVE MOVES
JLL added Peter Caruso to its retail brokerage team as retail agency leasing lead for the Midwest market. He will partner with Midwest retail market lead Larry Kilduff. Peter previously worked in landlord representation and product leasing at Mid-America Real Estate Corp and holds a BA from DePaul.
