NORMAL, ILL. — Coldwell Banker Commercial Real Estate Group has negotiated the $2.2 million sale of College Oak Square Strip Mall in Normal, just north of Bloomington. The 29,000-square-foot property, built in 1986, is home to 19 tenants and is located at 1520 E. College Ave. Greg Yount of Coldwell Banker Commercial represented the seller, Broadmoor Park LLC. The buyer was undisclosed.
LINCOLNWOOD, ILL. — Luxury Living has begun leasing District 1860, a six-story luxury apartment complex in Lincolnwood, a northern suburb of Chicago. Located at 7215 District Ave., the development offers 299 units in studio, one-, two- and three-bedroom layouts. Tucker Development and AECOM-Canyon Partners, a joint venture between AECOM Capital and Canyon Partners, were the developers. District 1860 has signed retail agreements with Davanti Enoteca, Fatpour, Fat Rosie’s and Amazon Fresh Grocery. Amenities include a pool, rooftop dog run, community room, fitness center and Wi-Fi access anywhere in the community. Move-ins are anticipated to begin later this month. Rents start at $1,850 per month for studios.
ROSELLE, ILL. — Coaster Co. (COA Inc.) has signed an industrial lease to fully occupy Turnberry 5 in Roselle, which is located in Chicago’s North DuPage submarket. The 150,209-square-foot building is situated at 1550 Central Ave. within Turnberry Industrial Park. Jeff Janda and Tim Cronin of Lee & Associates represented COA, which is relocating from Des Plaines, Ill. Mike Freitag, Kelly Disser and Dan Leahy of NAI Hiffman represented the owner, Prologis. COA distributes and supplies household furniture.
ELGIN, ILL. — Colliers has brokered the sale of an 80,878-square-foot office building located at 2250 Point Blvd. in Elgin for an undisclosed price. Originally built by PanCor Construction & Development in 1999, the four-story property is located within Randall Point Executive Center. The building was 30 percent leased at the time of sale. Alissa Adler and John Homsher of Colliers, in partnership with the Ten-X Commercial Real Estate auction platform, represented the undisclosed seller. An entity doing business as Elgin Square Property LLC was the buyer.
CHICAGO — General contractor Focus has completed construction of a high-rise, luxury apartment tower in downtown Chicago named 8o8. Located at 808 N. Cleveland Ave., the 23-story building features 200 apartment units, 20,000 square feet of office space and 7,500 square feet of retail space. DAC Developments and Bayview USA Holdings developed the property, which features amenities such as a pool, spa, fitness spaces, game rooms, coworking space, dog run and pet spa. Designed by Pappageorge Haymes, the project features multiple outdoor areas and 101 parking stalls. The development also features 20 affordable housing units. Monthly rents for market-rate units start at $2,175.
SKOKIE, ILL. — A joint venture between Wingspan Development Group and Tucker Development has acquired 5400 Old Orchard Road in Skokie with plans to redevelop it into a luxury apartment project with 294 units. The site currently houses an office building, demolition of which is scheduled to begin this fall. Nicholas & Associates will serve as general contractor. Plans call for 245 apartment units and 49 rental townhomes as well as commercial space. Designed by HKM Architects + Planners, the project will feature amenities such as a courtyard, pool, lounge, fitness center and coworking stations. A timeline for completion was not provided.
CHICAGO — McHugh Construction has completed Platform 4611, a nine-story apartment building in Chicago’s Uptown neighborhood. The John Buck Co. and Free Market Ventures developed the project at 4611 N. Broadway St. The property features 200 apartment units and 9,000 square feet of ground-floor retail space. Designed by Pappageorge Haymes, the development features a mix of studio, one- and two-bedroom units on floors two through eight as well as two- and three-bedroom penthouse units on the top floor. Amenities include a fitness center, reservable office space and a rooftop amenity floor with coworking space, an outdoor terrace and grilling stations. The property was 43 percent occupied as of late May. Platform 4611 is a transit-oriented development located steps from the Wilson CTA train station’s Red and Purple Lines. Monthly rents start at $1,890.
OAK FOREST, ILL. — Logistics Property Co. (LPC) has begun development of Oak Forest Logistics Center in Oak Forest, a southern suburb of Chicago. The nearly 665,000-square-foot development features immediate access to the I-57 four-way interchange at 167th Street. The building will feature four drive-in doors, 117 exterior docks and parking for 116 trailers and 500 cars. The project team includes general contractor FCL Builders, Architects Plus Design Studio and civil engineer SPACECO Inc. Jason West, Sean Henrick and Ryan Klink of Cushman & Wakefield are marketing the project for lease. Completion is slated for the end of the year.
CHICAGO — Marcus & Millichap Capital Corp. (MMCC) has arranged a $10.6 million loan for the acquisition of six multifamily properties totaling 118 units in Chicago. The portfolio includes buildings in the Beverly and Ashburn neighborhoods. Dean Giannakopoulos of MMCC arranged the 24-month loan, which features a fixed interest rate and a loan-to-cost ratio of 75 percent. The lender was not provided.
AURORA, ILL. — A U.S. division of global technology firm Thales has moved into its new office at 750 N. Commons Drive in Aurora. Stanton Road Capital owns the Class A office and industrial property, which totals 205,068 square feet and is fully leased. Thales moved from a previous location in Aurora and made the new space the home of its Visionix division, which develops helmet-mounted display and motion tracking technologies for aerospace and defense use. Using tenant improvement investments from Stanton Road Capital, Thales transformed its space to integrate office and meeting areas with advanced research and design features such as cockpit simulators. Francis Prock, David Florent and Brian Kling of Colliers are the exclusive leasing agents for the building. Kelleen Monti, Chris Bynum and Madelyn Farmer of JLL represented Thales.