This Week's Chicago Deal Sheet
The commercial real estate renaissance on the Far Southeast Side continues as residents from Pullman and Roseland joined Mayor Rahm Emanuel, Alderman Anthony Beale (9th) and Chicago Neighborhood Initiatives for a beam-signing ceremony celebrating the construction of the Pullman Community Center.
Representative from the Chicago Cubs, Chicago Bears, Ford Motor Co. and U.S. Bank were also present for the lifting of the new beam to its final resting place in the $20M project at 10355 South Woodlawn Ave.
When completed this fall, the 135K SF center will be the largest multi-sport complex in Illinois, offering year-round educational and athletic programming. The center will feature three indoor playing fields and surfaces for basketball, volleyball, soccer, baseball and football as well as flexible space for community events, exhibitions, classrooms, camps and tournaments.
SALES
CBRE’s Keely Polczynski represented R2 Cos. in the $12.2M sale of 800-810 West Fulton Market to Thor Equities.
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NAI Hiffman’s Brian Colson was the sole broker in the sale of Cornerstone Business Park, a 171K SF industrial park at 1088-1130 West Thorndale in Bensenville. LBA Realty bought the asset from Zilber Property Group.
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Mid-America Real Estate’s Ben Wineman and Carly Gallagher represented DDR in the $32M sale of the Shops at Fox River, a 341K SF shopping center in McHenry. The buyer, Times Equities, was self-represented by Ami Ziff, Jonathan Kim and Adam Levitt.
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Paine Wetzel’s Jerry Sullivan and Ed Wabick represented Great Lakes Reloading in the acquisition of a 387K SF industrial facility at 13535 South Torrance Ave. in Chicago. Jim Shields and Nate Rexroth handled the sale on behalf of Centerpoint Properties.
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Brown Commercial Group’s Mike Antonelli represented Component Products in its acquisition of a 22K SF industrial building at 764 North Oaklawn Ave. in Elmhurst. Cushman & Wakefield’s Mike Magliano represented the seller, GSI Partners.
LEASES
NAI Hiffman’s Daniel Leahy and Benjamin Cremer represented a venture of Seefried Properties and Clarion Partners in a 150K SF lease with JB Hunt at 1100-1150 West Airport Road in Romeoville. Colliers’ Ron Behm and Burr & Temkin’s David Lane represented the tenant.
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First Western Properties’ Gene Hart was the sole broker in two leases totaling 2K SF at 2832-36 West 63rd St. in Chicago.
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Jameson Commercial Real Estate’s Steven Goldstein completed the following transactions:
- Goldstein represented Coherent Economicss in a 9,600 SF lease at One North LaSalle.
- Goldstein represented Klain and Associates in site selection and a 4,124 SF lease at 333 North Michigan.
- Goldstein represented ownership in a 3,715 SF lease with Donald Raden at 200 Green Bay Road in Highwood.
FINANCING
NorthMarq Capital’s Brett Hood arranged $9.3M in construction take-out financing for 851 West Grand Apartments, a 36-unit apartment building in River West. NorthMarq arranged financing for the borrower through Freddie Mac’s ARM Program.
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Lodge Financial’s Matt Lebenson arranged $2.9M in acquisition financing for a 39-unit senior living facility in Metropolis, Illinois.
HIRES/PROMOTIONS
Worn Jerabek Wiltse Architects promoted Heidi Wang to partner, and Keith Criminger, Elizabeth Godbold and Michelle Sablack to associates.
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Draper and Kramer promoted David Newton to regional property manager. Newton will oversee two properties in Draper and Kramer’s portfolio, 1130 South Michigan Ave. in the South Loop and 1350-60 North Lake Shore Drive.
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SomerCor hired Scott Klug as senior vice president of business development. Klug was most recently regional vice president, Central & Western U.S. and Field Sales for REIS, where he established the top revenue-producing region within the company.
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Avison Young hired Brian Pomorski as an associate in the firm’s industrial practice group. He was most recently at Transwestern, where he was recognized as a 2017 Midwest Region Industrial Rising Star.
KUDOS
Podolsky Circle CORFAC International’s Alissa Adler was invited to join the University of Wisconsin-Madison School of Business James A. Graaskamp Center for Real Estate board of advisors, composed of alumni of the University of Wisconsin-Madison who are leaders in the real estate industry. Adler earned her master’s degree in real estate appraisal and investment analysis from UW-Madison.
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Pircher, Nichols & Meeks partner Ruth Schoenmeyer was admitted into the American College of Real Estate Lawyers. Schoenmeyer’s practice focuses on leasing.
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Spaces Real Estate began pre-leasing at Clarkview Apartments, a seven-story, 24-unit luxury apartment building at 3226-28 North Clark St. in Lakeview.
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LMC started leasing at Marlowe, a 15-story, 176-unit boutique apartment community at 169 West Huron in River North.
CONSTRUCTION
Related Midwest and Lendlease marked the completion of structural steel work at One Bennett Park by hoisting the final steel beam — a 28-foot, 2,856-pound girder topped by the American flag — to its final position.
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Earles Architects and Associates completed the redesign of an office space for G&S Business Communications at 1125 South Wacker Drive. EAA redesigned a portion of the 11K SF office to create an open, contemporary environment that reflects the work style and creative focus of the company. A.J. Finn was project manager. Kelsey Kronborg-Mogil and Octavio Zavala also worked on the project.
