The Deal Sheet
Construction
Principle Construction Corp. completed selective demolition and code improvements on a 2k-SF warehouse/office space in Downers Grove. Kennedy Webster Electric Company is relocating from Chicago to the building at 5225 Walnut Avenue. The work included: removal and relocation of tenant demising walls, lighting, HVAC equipment, fire sprinkler system and electrical distribution equipment. Tom Leathem was the project manager for Principle. Timothy Morgan Associates provided architectural services.
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The new St. James Recovery Center?s 5.4k SF medical office build-out for Dr. Patrick J. Sweeney of the Southwest Surgery Center in Mokena has been completed by Quadrangle Development and general contractor Principle Construction Corp. Tom Leathem was project manager, Doug Brucato was superintendent for Principle Construction, and Harris Architects provided architectural services.
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Morgan / Harbour Construction Company completed a build-out for a new location for Leaders Bank at 903 Commerce Drive in Oak Brook. The 12,326 square foot space on the 2nd floor of the office facility serves as the firm's operations center. Morgan / Harbour's Ben Warriner led the project management and Jim Boge was the assistant project manager. OKW Architects, Inc. provided architectural services.
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Central DuPage Hospital recently received a three-story, 40k-SF renovation from Leopardo. The $7M convenient care facility at 885 Roosevelt Road in Glen Ellyn features radiology, trauma, and internal medicine departments, along with cutting-edge diagnostics and wi-fi. Leopardo served as GC with RTKL as architect.
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Leasing Transactions
Paine/Wetzel ONCOR International's William F. Berndt and Ed Barnett have completed a corporate headquarters lease on behalf of Mead Johnson Nutrition Company in Glenview. CBRE's Sean Kropke and Jamee Jester represented landlord Opus North. Mead Johnson leased 33,600 square feet of space on the top floor of the four-story 130,000 square foot building at 2701 Patriot Boulevard.
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Reusable Container Company has signed a 101k-SF lease at 400 Crossroads Parkway in Bolingbrook.Champion Realty's Rich Antczak and Corporate Realty Advisors Drew Wadley represented the tenant. Building owner First Industrial was repped by CBRE's Pete Roberson and John Suerth.
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Continuum Data Centers, LLC, a colocation provider, signed a long-term lease for 21k-SF of flex/office space in the Oak Creek Center in Lombard. It will be converting the single story facility into a data center that will open later this month. NAI Hiffman's Mark Moran represented Continuum in the transaction. CBRE's Pete Adamo represented the landlord, pension fund adviser KBS.
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BeeLine Inc, a facility cleaning contractor, has signed a lease for 5,673 SF of office space at 955 Busse Road in Elk Grove Village. The 86,046 SF building is owned by Draper & Kramer. NAI Hiffman's Dave Troha represented BeeLine Inc. Colliers Bennett & Kahnweiler's Joe Reiff repped Draper & Kramer.
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Sales Transaction
Premier Internists purchased a 2k-SF medical office condo in the Remington Corporate Center at 235 Remington Boulevard in Bolingbrook. Remquad Office Company developed the 63,000 SF medical condos The turn-key sale transaction was reported at $450k. NAI Hiffman's Leslie Yurek and Adam Johnson repped Remquad.
Auction
Inland Real Estate Auctions, Inc. announced it will auction two luxury model homes and 15 home sites in Michigan City, Ind. The properties are part of resort community, The Woodlands. An existing model home and five home sites will be sold absolute, regardless of the final bid at the July 26 auction event. Interested buyers can contact Inland Real Estate Auctions at 1-866-825-4321 to obtain a bidder?s info package.
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People News
Op2mize, LLC's Geoffrey Kasselman has achieved LEED-AP status from the USGBC, to further enhance the company's goals in sustainable intelligence.
Golub & Company's Philip Martin, 40, has been named SVP of investments. He previously had been managing director of real estate equity research at Cantor Fitzgerald. Since 1991, Martin has advised both real estate investors and corporations and helped raise $10B of equity and debt capital. He is a DePaul grad .
