The Deal Sheet
 | |
HSA Commercial Real Estate's Michael Havdala represented the current tenant of 1910 N. Clybourn Avenue in a 16k SF sublease with Thomasville Furniture. Thomasville will occupy the ground-level, with the upper three levels occupied by The Lock Up Storage Centers. The building has a surface parking lot for 50 vehicles. Metro Commercial's Meredith Oliver repped the sub-tenant. Michael points out that the leasing of a highly visible space in the expanding North and Clybourn area is good news for the Chicago retail market. | |
| Sales News Grubb & Ellis Co's Brian Carroll facilitated the sale of a 231k SF building on 13.5 acres at 165 W. Lake St in Northlake to Go To Logistics in May, which just broke ground on a new build-to-suit on the property. The original structure was razed for the new facility, which was approved by Northlake for a Class 6 tax reduction program. The new building will be designed and built by Harris Architects and Triumph Development. *** Foresite Realty Partners' Donald Shapiro, Jamie Hadac, and Isaiah Harf sold Hickory Grove Townhomes, a 220-unit townhome community located on Columbus, Ohio's north side. Foresite repped the owner, a CMBS special servicer, who acquired the title in May. In less than 90 days, Foresite took the property from a listing to closure in early November 2010. Hickory Grove was listed for $3.3M. The buyer was a subsidiary of a local investor that invests in value-add multi-family communities in Ohio. *** Sperry Van Ness' Jeff Baasch sold The Sheridan Terrace, an 18- unit multifamily building located at 515 Sheridan Rd in Evanston to an undisclosed buyer. The property commanded a sales price of $2.9M. Leasing News *** Transwestern's Fred Ishler, Joe Stevens, and Zach Fox arranged a 41k SF lease at 1240 Diehl Rd in Naperville Corporate Center to TriZetto. The healthcare IT company will take occupancy starting in March 2011. *** JLL's Rick Benoy repped Fulcrum Asset Advisors in its lease of 17k SF at Woodfield Financial Center in Schaumburg to American General Life Insurance Co, bringing the center to more than 90% leased. Cushman & Wakefield's David Findling represented the tenant, who is relocating from 19k SF at One Woodfield Lake. *** Lee & Associates' June Simonian represented McVey & Parsky in their renewal of 12k SF of office at 30 N. LaSalle Street in Chicago. Tishman Speyer's Joe Gordon repped ownership. *** Lee & Associates' Ellen Steinbrecher and CJ Kuehl represented Hearthside Foods in its 5,000 SF office expansion at 1901 Butterfield Rd in Downers Grove. CBRE's Mark Konieczka represented the sublandlord, Guardian Insurance. Construction News *** J.C. Anderson has completed construction on the Digital Media Center for DePaul University at 14 E. Jackson. The construction included an 18k SF renovation of a lower-level conference and storage area to house two auditorium style theaters, a television studio with a “green wall”, and a new lobby area. The project also included the installation of entirely new mechanical and electrical infrastructure as well as high-tech sound systems, digitally equipped electronics, and soundproofing. J.C. Anderson’s Steve Boulukos led the construction team, which included project managers Chris Derks and Larry Regovic. Vasilko & Associates provided the architectural services. *** Reed Construction has been selected as the general contractor for the construction of a new light science lab for National-Louis University’s main campus at 122 S. Michigan. The construction will convert one of the 36 classrooms into a state-of-the-art light science lab, which will feature lab casework with epoxy tops, emergency eyewash station and new finishes. Leading the project is Reed Construction's Michael Tenuta and Cullen McGuire. Newman Architecture is providing the design services. Auction News *** Sperry Van Ness is auctioning a 6,000 SF retail building on a 32k SF site at 12100 S. Cicero Ave in Alsip. Other retail stores adjacent and nearby are LA Fitness, Enterprise Car Renta l, Home Depot, 7 Eleven, Cricket Communication and Jimmy Johns. The auction isonline from 10 am to 2 pm, Friday Dec.10. Company News *** Cambridge Realty Capital Cos processed 27 loan origination requests totaling $505.7M during the month of October. This doubles the total for the same month last year when the company processed 30 loan origination requests totaling $242.1M. The volume increase for October is explained by fact that it processed more requests for new construction and multiple property portfolios during the month. *** AIA Chicago announced that this year’s Firm of the Year Award is being presented to Tigerman McCurry Architects. A sampling of the firm’s local work includes Burnham Station and the Boardwalk Apartments in Chicago, and the Chicago Bar Association office and the Holocaust Memorial Foundation of Illinois building in Skokie. The firm also designed a proposed 2016 Olympic Village for Chicago. Executive Moves *** Dean Siebert has joined Reed Construction as a senior project superintendent. He will be in charge of daily construction operations including the management of field staff, subcontractors and suppliers. Dean is 35-year veteran of the industry and was previously employed with Executive Construction. *** AIA Chicago and the AIA Chicago Foundation announced that Adrian Smith & Gordon Gill Architecture's Sara Beardsley has won the 2010 Dubin Family Young Architect Award. She played important roles in many significant Chicago projects including the Willis Tower Greening Project and Hotel, the Trump International Hotel and Tower, and the Dirksen Federal Building renovation. Finance News |
