This Week's Chicago Deal Sheet: Pharmaceutical HQ Lands In Chicago
A Swedish pharmaceutical company picked Chicago as the site of its U.S. headquarters and tapped former Horizon Therapeutics executives to spearhead business development in the city.
Immedica Pharma, which is focused on addressing rare and severe diseases, announced in a press release it would establish a U.S. commercial business in Chicago. The company aims to become a global leader in the rare disease sector, building on its presence in Europe and the Middle East.
“This expansion into the U.S. is a pivotal moment for Immedica as we continue our mission to deliver life-changing therapies to people living with rare diseases,” Immedica Pharma CEO Anders Edvell said in a release. “Our presence in the U.S will allow us to better serve the needs of patients in North America and marks a pivotal step in Immedica’s ongoing commitment to serving unmet medical needs on a global scale.”
To lead its U.S. operations, Immedica hired Daniel Camardo as president of Immedica North America and added Joe Whalen to its business development team. Camardo and Whalen are former Horizon Therapeutics executives.
Amgen acquired Horizon Therapeutics, based in Deerfield, for $28B in 2023.
PEOPLE
Kiser Group promoted Jake Parker to senior director. Parker will lead major transactions, provide market insights and mentor junior brokers, helping to expand the company's presence in Chicago’s real estate market. Kiser Group also hired Carson McDaniel as an associate.
SALES
AmTrust RE acquired Parkline Chicago, a 26-story, 213-unit residential high-rise at 60 E. Randolph St. in the East Loop. The building consists of 189 standard rental units and 24 penthouses. CBRE's John Jaeger, Justin Puppi and Jason Zyck arranged the deal.
***
A real estate private equity fund bought a three-building, 187K SF industrial portfolio in Bolingbrook from an institutional real estate investor for an undisclosed price. The properties are 100% leased to two tenants, with a weighted average lease term just under two years. Colliers' Jeff Devine, Steve Disse and Tyler Ziebel represented the seller.
***
A local investor bought 825 Corporate Woods Parkway, a single-tenant industrial flex property in Vernon Hills, for $2.4M from a California-based private partnership. Marcus & Millichap's Peter Doughty and Brent Holder represented the seller and procured the buyer.
***
A local investor scooped up a 10-unit apartment building at 4540 N. Ravenswood Ave. in Ravenswood for $4.25M from Vassil Bayraktarov. Interra Realty's Brad Feldman represented both parties.
***
A local buyer acquired a 16-unit rental community at 5408-5414 N. Campbell Ave. in Lincoln Square for $3.1M from an undisclosed seller. Feldman represented both parties.
LEASES
Galleria Furniture signed a 20K SF lease at Marycrest Shopping Center at 2134 W. Jefferson St. in Joliet. Colliers' Chris Irwin and Brad Belden represented building owner RMS, while Wirtz Real Estate's Eli Munoz represented Galleria.
