The Deal Sheet
SALES
Hillwood Investment Properties, Brookfield Asset Management, and the Hillwood-Brookfield Industrial Partners fund bought eight Class-A industrial buildings, totaling 2.6M SF, in five markets. Chicago acquisitions included three buildings totaling 750k SF in the Fox Valley, O'Hare and I-55 submarkets.
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Italian food seller Formusa USA paid $900k for a 25k SF Des Plaines building (2150 Oxford) and will relocate its manufacturing operations to the facility. Paine/Wetzel/TCN Worldwide's EVPs Elise Couston and Les Spinner repped the seller, Chicago Properties, and Cushman & Wakefield's Jay Maher and Larry Goldwasser repped the buyer.
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Kudan Group's Mario Ponce negotiated the sale of Rodan Restaurant & Lounge at 1530 N Milwaukee Ave in Bucktown. Kudan also brokered the sale of a two-story,3,200 SF restaurant space(formerly Merlo on Lincoln) at 2638 N Lincoln Ave.Seoul Brothers plans to open a sushi restaurant on site by spring.
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The Boulder Group brokered the sale of a 4,500 SF Crystal Lake Culver's(501 Pingree Road) for $1.9M. Boulder's Randy Blankstein and Jimmy Goodman repped the seller, a Milwaukee-based private partnership, and the buyer was an Illinois-based high-net-worth individual.
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LED lighting sales firm Lane Technical Sales paid $1.3M for a 38k SF industrial building at 6501 N Avondale in Edison Park. @properties Commercial VP Pat McGuire brokered the deal.
LEASES
NAI Hiffman's Joe Bronson and Kyle Barrett repped Priority Wire, a wire and cable distributor, in a 114k SF lease renewal with Centerpoint Properties at 1311 Meacham Road in Itasca.
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Insulation Fabricators signed a 40k SF lease within Long-Middendorf's 600k SF facility in Hammond. NAI Hiffman's Chris Gary repped both sides in the deal.
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MB Real Estate SVP Pamela Rose repped plastic resin distributor M. Holland in a 26k SF lease restructure for its corporate HQ at 400 Skokie Blvd in Northbrook. CBRE's Rob Graham repped ownership.
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Data Max Services, a reseller of point-of-sale equipment,relocated from Glenview and inked a 24k SF industrial lease at 720-730 Landwehr Rd in Northbrook. Paine/Wetzel/TCN Worldwide's Whit Heitman, Samuel Badger and Brad Weiner repped the owner and CBRE's Ryan Bain repped Data Max.
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Tower Automotive signed a lease for 22k SF at 4407 Railroad Ave in East Chicago. NAI Hiffman's Chris Gary repped Tower and Commercial Advantage's Lori Tubbs and Don Wagener repped the owner, Duke 4407 Holdings LLC.
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Intrigue Dance and Performing Arts Center signed a 5,100 SF,seven-year lease at 1937 S Archer Ave in the South Loop.@properties Commercial senior broker Kevin Kelly repped the dance studio and VP Howard Adelstein repped the owner, Dynaprop Development.
CONSTRUCTION & DEVELOPMENT
Leopardo completed the renovation of a 300k SF headquarters for Hillshire Brands, the meat business spinoff of Sara Lee. Located at 400 S Jefferson St, the 10-month redevelopment project cost about $75M.Sterling Bay is owner/developer of the property.
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Principle Construction completed the build-out of a 4,658 SF Sherwin Williams paint store at 1060 E Lincoln Highway in New Lenox. Craig Slinker was senior project manager for Principle and Doug Brucato served as superintendent.
EXECUTIVE MOVES
Jason Shibata and Brian Silverman co-founded JBS Commercial Real Estate, which specializes in office, industrial,and flex leasing and sales in the Chicago area. Jason and Brian were previously with Chicagoland Commercial and received undergraduate degrees from the University of Iowa.
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MB Real Estate tapped 20-year industry vet Suzanne Hendrick as SVP of asset management. She previously served as VP and general manager for John Buck and began her property management career with Hines. Suzanne is a licensed real estate broker, former CPA,and received her undergraduate degree in business administration in public accounting from Loyola.
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Colliers'Brian Kling, 33, was promoted to principal from EVP, making him the youngest person in the Chicago office to achieve the title. Brian focuses on the west suburban industrial markets and completed more than 50 transactions valued over $163M in 2012.
AWARDS
Venture One Real Estate's Mark Goode received the Richard G. Levy Presidents award from the Chicago chapter of the Society of Industrial & Office Realtors (SIOR).
Open the doors, HAL! Send ideas and suggestions tomarissa.oberlander@bisnow.com.
