This Week's Chicago Deal Sheet
Marquette Cos. completed The Thompson at Fulton Market, a 210-unit mixed-use apartment building at 150 N. Ashland Ave., on the site of the former Mary Thompson Hospital in Fulton Market.
The building is named after Dr. Mary Thompson, Chicago’s first female doctor and the first woman known to have performed major surgery. This structure is integrated with an original five-story brick building built in the 1920s as part of the hospital and located on the south side of the property.
“The Thompson at Fulton Market is a harmonious convergence of tradition and innovation, effortlessly intertwining a bold new design with the charm of a thoughtfully preserved historic building,” Ann Reckelhoff, director of development at Marquette Cos., said in a press release.
“This development — named after one of Chicago’s great women — demonstrates our aspiration to create much-needed housing for the community while simultaneously honoring the neighborhood’s past.”
PEOPLE
HOK has hired new leaders in its Chicago studio, adding Rana Lee as marketing principal and Melissa Clark as a senior project manager for the firm’s sports, recreation and entertainment practice. Lee will oversee market growth and business development for the firm. Clark will focus on expanding HOK’s work in women’s professional and collegiate sports and is currently managing projects that include a football practice facility for a university and an entertainment venue for a confidential client.
SALES
Cresa’s Ed Lowenbaum and Glenwood Real Estate’s Jason Talanian represented Kuriyama of America Inc. in the sale of its 163K SF U.S. headquarters property at 360 E. State Parkway in Schaumburg. DN Solutions bought the property for an undisclosed price. The warehouse and distribution facility sits on 11.5 acres and features 15 exterior docks, parking for 134 cars and 32K SF of office space.
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Mid-America Real Estate Corp. brokered the sale of a 104K SF shopping center in Lawndale. Acre Investment Co. purchased the property for an undisclosed price. Freshway Market anchors Lawndale Plaza, which also features Citi Trends, Taco Bell, PNC, Rainbow, Cosmo Superstore and O’Reilly Auto Parts. Mid-America Real Estate Corp. Principal Rick Drogosz and Vice President Emily Gadomski were the exclusive brokers in the transaction on behalf of Mercer Street Holdings Three.
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Interra Realty brokered the sale of a 19-unit multifamily building at 722-726 N. Austin Blvd. in Oak Park for $1.4M. Interra Managing Partner Patrick Kennelly and Director Paul Waterloo represented the private seller as well as the confidential buyer. The four-story property includes 15 one-bedroom and four two-bedroom apartments.
LEASES
NAI Hiffman represented Norkol Converting Corp. in its relocation to the CenterPoint 88 Industrial Center in Montgomery. Norkol signed a long-term lease agreement for 331K SF within the industrial building at 900 Knell Road. NAI Hiffman’s Dan Leahy represented Norkol in the transaction. DarwinPW Realty’s Rick Daly and George Cibula represented the landlord, CenterPoint Properties.
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CBRE arranged a long-term, 51K SF office lease renewal for Inspira Financial at Commerce Plaza in Oak Brook. Commerce Plaza, at 2001 Spring Road, is a 510K SF Class-A office campus made up of three interconnected buildings. CBRE’s Jon Springer and Gary Fazzio represented Inspira Financial in the transaction.
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Lee & Associates closed a lease renewal transaction for a 73K SF industrial unit located at 5025 W. 73rd St. in Bedford Park. Lee & Associates’ principals Jeff Janda and Brian Vanosky represented the owner. Cushman & Wakefield’s Sally Macoicz represented the tenant, food manufacturer Synder's-Lance Inc.
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Entre Commercial leased a 22K SF building at 1025 Busch Parkway in Buffalo Grove. Illinois Masonry Group will relocate from a nearby location. Brian Bocci represented the tenant and JBS’ Michael Whetstone and Brian Silverman represented the landlord.
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Transwestern Real Estate Services represented building ownership on a new 30K SF lease at 203 N. LaSalle St., a 27-story, 625K SF office building in the Central Loop. Transwestern Senior Vice President Kathleen Bertrand, Executive Vice President Eric Myers and Senior Associate John Nelson represented the building owner, Sumitomo Corporation of Americas.
CONSTRUCTION AND DEVELOPMENT
Morgante Wilson Architects completed the interiors for a mall-to-apartment conversion at Lumen Fox Valley in Aurora in the project's first phase. The firm designed all common spaces and amenities, including a two-story lobby and lounge, private dining room, parlor, club room, game room, fitness and yoga studio, and pet spa. Morgante Wilson Architects also curated the finish package for all units, including selections for kitchens, baths and flooring, and designed and furnished the model unit apartments.
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McHugh Construction completed the $30M adaptive reuse conversion of the Ramova Theatre from a long-shuttered single-screen cinema to an 1,800-person concert hall in Bridgeport. As part of the 36K SF project at 3510-3520 S. Halsted St., McHugh also built out space for Other Half Brewing, Ramova Grill and Ramova Loft.
