This Week's Chicago Deal Sheet, Part II
SALES
Paine/Wetzel TCN Worldwide SVP Albert Schulman repped Specialized Assistance Services, a nonprofit, in its purchase of a 17k SF building (above) at 2630 S Wabash Ave. The organization is moving its HQ from 2101 S Indiana. @properties Larry Cohn and Bernadette Kettwig repped the seller, Digby Security Systems. Albert also repped 6027 S Wentworth Building LLC in the sale of its 11k SF building to 1st Response EMS. The building sits on a 34k SF site and was previously occupied by a different ambulance company.
LEASING
Hospira restructured and extended its 303k SF industrial lease with Prologis at 10501 80th Ave in Pleasant Prairie, WI. JLL’s Kurt Sarbaugh and Robin Stolberg repped Hospira.
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Cawley Chicago’s Joshua Hearne closed $4.4M in leases in the last 30 days: he repped ownership (ML Realty Partners and HSA Commercial) in a 19k SF lease at 380 Internationale in Bolingbrook; he secured a 52k SF long-term lease with Weld Rite in a Colony Capital building; he repped Warren Wimmer Enterprises in a 17k SF lease at 2143 Internationale Pkwy in Woodridge (owned by IIT); and he repped Sperry Equities in a 4,868 SF lease at 8201 W 183rd in Tinley Park.
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Paine/Wetzel TCN Worldwide SVP Albert Schulman repped Golden Eagle Distributors in a new 30k SF lease at 2121 21st St in Broadview. The company is relocating from 4139 W Ogden Ave. Darwin Realty’s Dan Fanelli repped ownership, GIS Rolling LLC. Albert also repped EBeautique in its 15k SF lease at 2444 W 16th St with ownership 1600 Western Venture LLC. The company is relocating from its former space in Bellwood.
BUSINESS
SVN Crossroads Management was awarded the property management contracts for 14 separate properties totaling 420k SF in Q4, bringing its portfolio to more than 3M SF. The properties include: 909 W Washington Blvd (above), a 9,200 SF retail property; 4200 W Diversey Ave, a 150k SF industrial flex building; 1110 Green St in McHenry, a 52k SF mixed-use property; and 1220 Hobson Rd in Naperville, a 42k SF MOB. The remaining properties contain a mix of office, retail and industrial space.
EXECUTIVE MOVES
Sterling Bay named Michael Keesey CFO and a member of the firm’s executive management team. The 30-year industry vet was previously CFO and chief compliance officer at Riordan, Lewis & Haden Equity Partners in LA and prior to that served in the same capacity at CHS Capital.
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Essex Realty Group promoted Jordan Gottlieb from director to managing director. He’s been with Essex since ’08 and in that time has brokered the sale of over $200M of investment property throughout the Chicago area.
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EnTrust Realty Advisors promoted Scott Latter to VP from senior associate. He is responsible for leading the sourcing and execution of commercial real estate investment transactions involving MOB, office and industrial properties. Scott has completed over $330M in deals during his time with EnTrust. He has a BBA in accounting and real estate and urban land economics from UW – Madison.
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Newmark Grubb Knight Frank tapped Craig Hurvitz as director of research. The nine-year industry vet was previously director of research at NAI Hiffman. In his new role, he’ll oversee the firm’s local research department, compiling, analyzing and reporting on market statistics in the Chicago commercial real estate market. Craig received his Bachelor’s degree from Tulane.
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Millennium Properties R/E hired Desiray Villagrana as a member of its property management team. She most recently worked as a lease administrator for McGladrey and was previously an on–site property manager for suburban office buildings totaling 500k SF.
