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AcquisitionsIllinoisMidwestMultifamily

Marquette Cos. Buys 198-Unit Orion Arlington Lakes Multifamily Property in Metro Chicago

by Kristin Harlow

ARLINGTON HEIGHTS, ILL. — Marquette Cos. has purchased Orion Arlington Lakes, a 198-unit, garden-style multifamily property in the Chicago suburb of Arlington Heights. Immediate plans for the community include a rebranding to Avery at Arlington Lakes and the launch of value-add renovations for the amenities and units. Marquette Management will take over property management. Built in 1985, the property features eight buildings with one- and two-bedroom floor plans averaging 1,168 square feet. Marquette plans to build a new fitness center and implement upgrades to apartment interiors and amenities, which include a picnic area, dog park, landscaped grounds, garage parking and laundry facilities. LEM Capital was a capital partner in the acquisition.  

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IllinoisIndustrialLeasing ActivityMidwestOffice

Pure Processing Expands, Relocates Headquarters to 29,313 SF Space in Lisle, Illinois  

by Kristin Harlow

LISLE, ILL. — Pure Processing, a developer and manufacturer of ergonomic medical device cleaning solutions, has signed a 29,313-square-foot headquarters lease at 2200 Ogden Ave. in Lisle. The move triples the company’s footprint from its previous location in Carol Stream and consolidates its office, light manufacturing, warehouse and showroom operations under one roof. Pure Processing now occupies more than half of the 59,971-square-foot flex industrial building. Steve Chrastka, Jack Brennan and Connor Dale of NAI Hiffman represented the tenant in the lease transaction, which began with planning and site selection in August 2024 and culminated in the firm’s move on Sept. 2. Pete Adamo of CBRE represented the landlord, Sperry Equities. The space at 2200 Ogden Ave. had more than 9,000 square feet of existing office space. The owner completed a turnkey build-out that included rebuilding and expanding office areas; enlarging breakrooms; and adding conference rooms, restrooms and warehouse space with storage racks and separate production and assembly areas. Construction also included a showroom where Pure Processing can display its sink systems and reprocessing equipment used in hospitals and gastrointestinal labs. Interwork Architects served as the project architect for the build-out, and BLC Construction was the general contractor.

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HealthcareIllinoisLeasing ActivityMidwest

Friend Health Opens 15,000 SF Community Health Center in Chicago’s Back of the Yards

by Kristin Harlow

CHICAGO — Friend Health, a federally qualified health center (FQHC) serving Chicago’s South Side, has opened its new Back of the Yards community health center. The opening represents the largest expansion in Friend Health’s nearly three decades of service. Located in the Oppenheimer-Goldblatt Bros. Department Store Building at 4700 S. Ashland Ave., the 15,000-square-foot facility is part of the New City United Yards development. The center has triple the footprint of Friend Health’s former neighborhood site and offers primary care and preventive care. Offerings include adult and pediatric primary care, maternal health and mental health, an onsite pharmacy with discounted prescriptions and a full-service laboratory. The clinic features 21 exam rooms with dedicated spaces for pediatrics, adult medicine, OB-GYN and behavioral health, along with community programming such as insurance enrollment, social services navigation, fresh food giveaways and workforce development through a community health worker training program. Dental care is planned for 2026. Friend Health serves more than 40,000 patients annually across the South Side, with six neighborhood health centers and six HRDI behavioral health clinics. The organization offers care regardless of ability to pay.

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IllinoisLeasing ActivityMidwestOffice

USG Renews 165,000 SF Office Headquarters Lease in Downtown Chicago

by Kristin Harlow

CHICAGO — USG Corp. has renewed its 165,000-square-foot office headquarters lease at 550 West Adams in downtown Chicago. The tenant manufactures high-quality building materials and has more than 50 manufacturing facilities across North America. Formed in Chicago in 1902, USG is the largest producer of wallboard in the U.S. and the largest manufacturer of gypsum products overall in North America. Chris Wood and David Stefancic of Cushman & Wakefield represented USG, while Mark Bâby and Katie Hull of Stream Realty Partners represented ownership, Manova Partners. Cushman & Wakefield negotiated USG’s original global headquarters lease in 2004 that coincided with the development of 550 West Adams. Cushman & Wakefield will also provide project management services to USG as part of a renovation of the space. Built in 2006 and located in the heart of the West Loop, 550 West Adams rises 18 stories and is LEED Gold certified. Last year, Manova completed a major renovation of the second-floor amenity space, adding a 50-seat conference center, upgrading the tenant lounge and installing a golf simulator and fitness center with showers and locker facilities. Additional amenities include a tenant concierge, a Chase Bank branch and ATM, lobby-level café, bike storage and heated parking …

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AcquisitionsIllinoisMidwestMultifamily

Draper and Kramer Acquires 263-Unit Luxury Apartment Community in Oak Park, Illinois

by Kristin Harlow

OAK PARK, ILL. — Draper and Kramer Inc. has acquired Eleven33 in Oak Park, about 10 miles west of downtown Chicago. The luxury apartment community rises 12 stories with 263 units. Draper and Kramer will also assume management of the property, which is located at 1133 South Blvd. across from the CTA’s Harlem/Lake Green Line station as well as Metra’s Oak Park station on the Union Pacific West Line. Completed in 2019, Eleven33 is currently 95 percent leased and has averaged 94.4 percent occupancy since January 2024. Floor plans come in studio, one-, two- and three-bedroom layouts ranging from 512 to 1,500 square feet. Monthly rents start at $1,945. Amenities include a fitness center, parlor area with billiards table, two conference rooms, a clubroom, bike storage, sun deck, pet washing stations, indoor dog run and parking garage. Newmark represented the undisclosed seller. Draper and Kramer did not have broker representation.

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AcquisitionsIllinoisMidwestRetail

Mid-America Brokers Sale of 428,612 SF Shopping Center in Deerfield, Illinois

by Kristin Harlow

DEERFIELD, ILL. — Mid-America Real Estate Corp. has brokered the sale of Deerbrook Shopping Center, a Jewel-Osco-anchored shopping center in the Chicago suburb of Deerfield. The 428,612-square-foot property is home to tenants such as Marshalls, Floor & Décor, Sky Zone, Office Depot, Starbucks, Panera, Noodles & Co., Sleep Number, City BBQ, Mattress Firm and Subway. Rick Drogosz, Joe Girardi and Patrick Corrigan of Mid-America represented the seller, a global investment advisor. Core Acquisitions LLC was the buyer. The center offers immediate value-add and redevelopment opportunities, according to Mid-America.

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IllinoisLeasing ActivityMidwestOffice

Colliers Secures 24,800 SF Office Lease for Shamrock in Downtown Chicago

by Kristin Harlow

CHICAGO — Colliers has negotiated a 24,800-square-foot office lease for Shamrock Trading Corp. at 151 N. Franklin St. in Chicago. With the lease, the Kansas City-based firm establishes a presence in downtown Chicago to complement its location in Lombard, Ill. Tom Volini and Sven Sykes of Colliers represented Shamrock, which is the parent company of a growing family of brands in transportation services, finance and technology. Designed by John Ronan Architects, 151 North Franklin is a 35-story, 807,000-square-foot office tower.

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AcquisitionsIllinoisIndustrialMidwest

SVN Chicago Commercial Negotiates $1.5M Sale of Industrial Property in Mundelein, Illinois

by Kristin Harlow

MUNDELEIN, ILL. — SVN Chicago Commercial has negotiated the $1.5 million sale of a 31,600-square-foot industrial property at 404 Washington Blvd. in Mundelein. Situated on 2.4 acres, the property features a large, paved parking lot approved for outside storage and truck parking. The undisclosed buyer plans to use a portion of the building and lease out the rest. SVN Chicago Commercial’s Next Level Team represented the seller and procured the buyer.

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IllinoisLeasing ActivityMidwestOffice

Bradford Allen Secures 10,780 SF Office Lease Renewal for Anesi Ozmon in Chicago

by Kristin Harlow

CHICAGO — Bradford Allen has secured a seven-year, 10,780-square-foot office lease renewal for Anesi Ozmon Ltd. at 161 N. Clark St. in Chicago’s Central Loop. Ben Azulay and Nathan Meisner of Bradford Allen represented the law firm, which handles personal injury, construction accident and workers’ compensation cases. The longtime tenant of the building is having its space reconfigured to include more private offices for attorneys. Designed by Kohn Pederson Fox and built in 1992, 161 N. Clark Street is a 50-story office tower with a 12th-floor tenant lounge, multiple conference rooms, a fitness center, bike storage and an open-air roof terrace with skyline views. First-floor retail tenants include Hannah’s Bretzel, Fifth Third Bank, DHL and Larry’s Shoe Shine.

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AcquisitionsIllinoisIndustrialMidwest

Missner Group Sells 80,464 SF Industrial Building in Addison, Illinois

by Kristin Harlow

ADDISON, ILL. — The Missner Group has sold an 80,464-square-foot industrial building located at 50 S. Fairbank St. in Addison. Missner developed the property in 2023 in partnership with Realterm. The building features a clear height of 32 feet, 13 exterior docks, two drive-in doors and 180 parking spaces. The property is leased to Midwest Solutions, Cytronic and PGW Autoglass.

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