The Deal Sheet
People News
Thom Tobin has joined CBRE as Managing Director of the Assessment & Consulting Services Group. Thom has 20 years of experience in the assessment industry and he'll lead the Group's Midwest efforts. He joins CBRE having performed, managed or reviewed site investigations at over 2,000 properties throughout the US, for a wide range of investment banks, national and regional banks, insurance companies, developers and law firms. He has a B.S in Geography and has worked with the Arizona Department of Water Resources and the Arizona Department of Environmental Quality.
Leasing News
BPG Properties has signed a 94k-SF lease with Jet Lithocolor at 605 Territorial Drive, a 182k-SF warehouse/manufacturing facility at Remington Lakes Corporate Center in Bolingbrook, Cushman & Wakfield's Jason West repped Jet. The landlord was repped by CBRE's Traci Buckingham and Grant Glattly.
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Morgan Realty Partners' Bill Waliewski repped building ownership,HTW, LLC, in a 5k-SF lease expansion to the DuPage Medical Group at 801 N. Cass Avenue in Westmont. The medical group is expanding to accommodate a physical therapy practice. DuPage Medical Group was represented by V3 Realty's John Moysey.
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Midwest Custom Case has renewed and expanded into 456k-SF of industrial space located at 425 Crossings Drive in University Park. Lee & Associates' Walter Murphy and Cushman & Wakefield's Sally Macoicz represented building ownership, Principal Real Estate Investors in the transaction.
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Columbia College Chicago has signed a master lease agreement for a 16-story South Loop apartment building to serve as a residence hall for students this fall. The Dwight Lofts at 626 S. Clark Street will be leased from current owner ASB Capital Management of Bethesda, Md. With 771 beds in 178 contemporary loft-style units, Dwight Lofts is a 1911 building that includes a two-floor common area with soundproof music practice rooms, a 5k-SF art studio space. Columbia College will vacate a residence hall it currently occupies at 2 E. Eighth Street in May.
Sales News
Quantum Real Estate Advisors, Inc. brokered the purchase of a 260k-SF retail center at the intersection of Randall Road and McDonald Road in South Elgin. The asset is comprised of seven buildings and includes a Home Depot, Best Buy, Staples, and PetsMart. Quantum's Chad M. Firsel repped the buyer.
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Tungaloy/D.I. Propertie s has purchased a 29k-SF manufacturing building at 3726 Ventura Boulevard in Arlington Heights. Lee & Associates' John Cassidy and Ken Franzese represented building ownership, M & L Sullivan, and Colliers Bennett & Kahnweiler's Tom Rodeno represented the buyer in the transaction.
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Quinlan Properties LLC has purchased a 54k-SF industrial building located at 6827 High Grove Boulevard in Burr Ridge. Lee & Associates' Jeff Galante and Todd Torok, represented building ownership, Hansen Technologies. Edgewood Commercial's John Henning repped the buyer.
Consulting News
The John Buck Company has been retained by law firm, Wilson, Elser, Moskowitz, Edelman & Dicker LLP to act as the firm's national real estate consultant. The New York based firm has 20 locations across the country and in London totaling approximately 700k-SF. The John Buck Company's Greg Gerber and Christopher Tarzon will lead the advisory efforts.
Sustainability News
MB Real Estate has implemented several energy efficiency modifications at the 1.5M-SF Richard J. Daley Center which have saved more than $500M in electricity costs in 2009. The changes include modifications to the building's lighting system and adjustments to operating procedures, such as the perimeter induction system. Also, modifications to the plumbing systems in each of the building's 445 restrooms have resulted in a 70% reduction of water usage. MBRE's Kevin Purcell manages the building.
Correction
On Friday, in reference to a speaker at a CoreNet event, we mistakenly referred to Jim Postweiler as David Postweiler. We apologize for the error. If it's any consolation, a quick Google search reveals nobody is named "David Postweiler," so Jim needn't fear damage to his reputation, other than the normal amount associated with appearing in Bisnow.
