The Deal Sheet
Leasing news
Cape Horn Group has engaged Lincoln Property Company to oversee leasing activity for its Chicago portfolio, including 55 West Wacker Drive, The LaSalle Wacker, and 205 West Wacker
Drive. Lincoln manages all three buildings. Cape Horn Group has extended short- and long-term leasing to all three properties, while continuing sales at 55 West Wacker and The LaSalle Wacker.
The leasing team will include Russell Cora, who joins Lincoln from an in-house position at Cape Horn Group and Lincoln's Kim Robare.
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California-based Tragon Corporation has signed a lease for 6k-SF of office space at the 75k-SF Deer Tech building at 111 Deer Lake Road in Deerfield. The transaction between the consumer testing
company and ECD Company was valued at just under $1 million and brings the building to 100 percent occupancy. NAI Hiffman's Michael Flynn and Jason Wurtz, represented ownership in the direct transaction with Tragon Corporation.
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Cushman & Wakefield's Jason West and Sean Henrick represented the owners of two suburban industrial facilities in separate lease renewal transactions totaling more than 478k-SF.
- Sony Music Holdings, Inc., renewed its lease of a 282k-SF single-tenant building owned by Sun Life Assurance Company of Canada at 430 Gibraltar Drive in Bolingbrook.
- Madden Communications, Inc., renewed its lease of 197k-SF in a multi-tenant building owned by TA Associates Realty at 355 Longview Drive in Bloomingdale, near Army Trail and Schmale roads in DuPage County.
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TMP Directional Marketing signed a long term lease renewal for 12k-SF at 1011 East Touhy in Des Plaines. Transwestern's Fred Ishler, Joe Stevens, Dan Svachula, and Zach Fox represented the
landlord, Siete7, LLC. UGL Equis' Gregg Espach and Dan Fisk represented TMP Directional Marketing.
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Transwestern's Corby Marx and Tony Karmin completed a five-year renewal for 11k-SF at 30 West Monroe for Scopelitis, Garvin, Light, Hanson & Feary, a national law firm that serves the legal and business needs of the transportation industry. Capital Properties Management's Barb Schenberg represented the landlord.
Architecture news
HOK has been selected to design two new projects in the Midwest.
- The Franklin County Convention Facilities Authority selected HOK to design a new 500-room, $130 million convention hotel in downtown Columbus. Todd Halamka will lead the design team on this project. Gaute Grindheim will serve as Senior Project Manager. The project is slated for completion by late 2012.
- HOK was also recently tapped by German-based cleverbridge AG, a provider of advance e-commerce solutions, to provide office relocation consultation for the firm's Chicago headquarters. HOK's Interiors team completed the site selection process with Advocate Commercial Real Estate Advisors' Price Lindsay. The 11k-SF space on the 19th floor of 360 N. Michigan Avenue was designed by HOK's Tom Polucci, Lauren Brightwell, Natalie Banaszak, and Tamar Pentelnik.
Sales
Acacia Spice Company purchased a 25k-SF manufacturing facility at 3940 Porett Drive in Gurnee from the Kalva Corporation. NAI Hiffman's Steve Sullivan repped Acacia Spice Company. Darwin Realty's Patrick Shannon represented Kalva Corporation.
Development
Victory Centre of South Chicago celebrated its grand opening at 3251 E. 92nd Street last week. It is slated to become the first ?green? certified senior building on Chicago?s South Side. Victory Centre of South Chicago developers included Pathway Senior Living, LLC, and not-for-profit partner Neighborhood Housing Services of Chicago. They also collaborated with neighborhood housing groups,Claretian Associates and Villa Guadalupe Senior Services.
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A Rockford-based real estate development firm has purchased a historic downtown Rockford building that it plans to renovate and market as a mixed-use commercial and residential property. The two-story, 7k-SF at 110 N. First Street, was purchased by Urban Equity Properties, doing business as JMZ Properties, LLC. Century 21 County North's Melissa S. Miller completed the transaction on behalf of JMZ Properties. Doyle, Woodhouse and Moore, Inc.'s John Funderburg represented the seller, a private local investment group.
Construction
Meridian Design Build LLC has recently completed the fast track renovation of a 31k-SF industrial building at 1419 W. Carroll Ave. Chicago to accommodate the United States Post Office annex operations. The USPS signed a lease with the building owner CF III Carroll Building LLC this summer with Jones Lang LaSalle's Conor Mullady as their broker. Epic Realty's Adam Schneiderman and Denise Stein Chaimovitz represented the landlord. Meridian Design Build coordinated selective interior demolition and construction of the new interior improvements including complete build out of partition walls and interior finishes and new HVAC throughout the entire space. Meridian's Ben Runkel and Fred Jennings managed the project.
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Pronger Smith Medical Care will break ground on its building expansion on Nov. 1, at 17495 S. LaGrange Road. The 38k-SF expansion will include MRI, CT, physical therapy, and treatment rooms as well as expanded obstetrics and pediatrics facilities. The development team includes Irgens Health Care Facilities Group,Great Lakes Bank, Brubaker Architects, and Krusinski Construction Company.
