The Deal Sheet
Lease Transactions
Roy?s Furniture is relocating from Pilsen to 2701 S. Western Ave. The furniture company will take 36k-SF within the 136k SF facility. Paine/Wetzel-ONCOR International's Edward C. Wabick, Michael D. Nelson and Mark A. Nelson represented landlord Wrightwood Capital in the transaction. Cushman & Wakefield's Sally Macoicz repped Roy?s Furniture.
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Hillside Industries, Inc. is expanding into 4k-SF of office at 645 Blackhawk Drive in Westmont. Paine/Wetzel-ONCOR International's Brandon R. Wright and Gerald F. Sullivan repped the landlord, a private investor, while the tenant was self-represented.
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Champion Realty Advisors, LLC completed a lease for Ozburn Hessey Logistics for 163k-SF at 2 Gateway Court in Bolingbrook. Champion's J.D. Salazar represented Ozburn Hessey Logistics. The building owner, Duke Realty Corporation, was represented by NAI Hiffman's Mark Moran.
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Bear Paddle Swim School & Clubhouse, a new retail concept specializing in swimming lessons for children, as well as fitness and creative activities, will debut in Yorkshire Plaza with an 8k-SF retail space. The swim school is scheduled to open in July. CB Richard Ellis'Jim Sakanich represented the retailer.
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Grubb & Ellis' Matthew Mulvihill represented KTR Capital Partners in the lease of O'Hare East Business Center's North Building to R&M Trucking, a freight forwarding company. Interstate Realty Inc.'s Thomas Barbera represented R&M Trucking. The freight company will relocate its freight forwarding operations from 600 Thomas Drive in Bensenville into the 195k-SF facility located at 3720 River Road in Franklin Park.
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American Diagnostics Medicine, Inc. has leased 18k-SF at 512 Kingsland Drive in Batavia. Colliers Bennett & Kahnweiler's Brian W. Kling and Tyler R. Lenczuk repped American Diagnostics. CBRE's Kirk Armour and David Prell represented the landlord Liberty Property Trust.
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Sales Transactions
Paine/Wetzel ONCOR International's Whit R. Heitman and Samuel C. Badger, Jr. have completed an industrial sale transaction on behalf of Earth Friendly Products for a 100k-SF facility at 111 S. Rohlwing Road in Addison. Earth Friendly Products will relocate this summer from Wood Dale. Entre Commercial Realty's John Gazzola repped the seller, Minuteman International.
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Construction
Morgan / Harbour Construction Company has completed an interior office build-out at the new headquarter facility for Saratoga Food Specialties located at 771 W. Crossroads Parkway in Bolingbrook. The interior construction project includes the build-out of 20k-SF of corporate offices, research and development space, a common culinary area, and locker-room facilities. Morgan / Harbour was selected by developer Corum Real Estate Group for the project. Morgan / Harbour?s Ben Warriner led the project management for the team and Jay Mumm was the project superintendent. Harris Architects provided the architectural services.
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Portfolio Management
Colliers Bennett & Kahnweiler Inc. was named transaction management services provider for Allstate Corporation?s Western United States region. The assignment encompasses over 150 leased and owned locations in 29 states totaling approximately 6.7 million square feet. CBK's William M. Fausone and David J. Burden will lead the account team.
New development
Development firm Clarius Partners, LLC announced it is working on a new industrial business park at 9200 W. 55th Street in McCook. The $28 million development will consist of two Class-A industrial facilities totaling 368,841 SF. Clarius Partners is managing the development on behalf of an institutional capital partner and has scheduled completion at the end of the year. Nicolson Porter & List, Inc.'s Adam Stokes, and Mark Barbato will provide brokerage services for the property.
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Acquisition
Chicago real estate firm @properties acquired Chicago property management company Venterra Management Corp. Venterra, which was active in Chicago property management for more than 30 years, will be renamed@properties Property Management. @properties co-founders Michael Golden and Thaddeus Wong say they will expand the company's management portfolio targeting condominium and apartment communities of 30 units or more, shopping centers, neighborhood strip centers, and office and industrial properties. They have hired Steve West as managing director of @properties Property Management.
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Finance
Cohen Financial has secured $4.8M in refinancing on two apartment buildings on the North Side. Cohen's Steve Kundert originated the transaction on the 16-unit building at 3433 N. Lakewood and the 36-unit building at 3500 N. Fremont. Both loans are 75% LTV with a 30-year amortization period.
People News
Kevin A. Tattersall has joined Reed Construction as Project Manager. Kevin has more than five years in the construction industry and was previously employed with Turner Construction as a project manager where he received a Staff Award in 2007. He received his bachelor's degree from Illinois State University in Normal.
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Cohen Financial announced the appointment of Michael E. Grant as director, capital markets. He has more than 30 years of commercial real estate experience and has been directly responsible for several billions of dollars in commercial real estate financing transactions during his career. Previously, Michael acted as Capmark?s coordinator related to ING Investment Management. He has a B.S. From Wisconsin and a Law degree from Loyola University.
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Michael S. Burd has been named Managing Director and CFO at Wrightwood Capital. He joined Wrightwood in 2008 as managing director, corporate development. In his expanded role, he will have overall responsibility for financing, reporting, and loan servicing. Prior to joining, Michael was a managing director of investment banking with A.G. Edwards & Sons, Inc., serving as head of the firm's Financial Institutions and Real Estate Group. He has a BA from Stanford and earned his MBA from Harvard Business.
