CHICAGO — Google has shared new design renderings for the Thompson Center’s atrium in Chicago. The company announced plans to buy the James R. Thompson Center building in 2022. Google has also teamed up with After School Matters to commission a student-designed art piece for the retail concourse. Artist Sanford Biggers has been selected to create a sculpture for the plaza that will honor the Loop’s history of public art. Conceptualized with Architecture Plus Information (A+I), Google is expanding the central opening beneath the 17-story atrium, constructing a cascading staircase integrated with terraced seating and retail offerings. The activated atrium and plaza will feature food, retail and space for seasonal events. The project is slated for completion in 2028. Google opened its Chicago office in 2000 and has grown its employee base in the city to more than 2,000 employees. Google also announced that it will provide $1 million in funding to A Better Chicago to support student attendance.
Illinois
BERKELEY, ILL. — Dermody has broken ground on the LogistiCenter at Berkeley, a 357,619-square-foot facility at 5300 St. Charles Road in Berkeley, a western suburb of Chicago. The project is a redevelopment of an older, functionally obsolete industrial building. The property will feature a clear height of 40 feet, 57 dock-high doors, 357 car parking spaces and 63 trailer stalls. The project is expected to be available for lease in the first quarter of 2027. Charlie Kenning, Jackie Shropshire and Dan McGillicuddy of JLL are representing Dermody.
CHICAGO — Interra Realty has brokered the $19.2 million sale of Paper Box Lofts, a 35-unit apartment building in Chicago’s River North neighborhood. Joe Smazal and Mark Dykstra of Interra represented the buyer, an affiliate of Los Angeles-based Blatteis & Schnur Inc. The duo also represented the seller, an affiliate of Chicago-based developer Senco Properties Inc. Built in 1906 as a paper and box factory, the building operated as loft offices prior to the seller converting it into luxury apartments in 2024. Amenities include a fitness center, multi-level rooftop deck, storage lockers, a mail room and lobby.
CHICAGO — Greenstone Partners has brokered the $4.4 million sale of 1276 W. Washington Blvd., a development site in Chicago’s West Loop neighborhood. Danny Spitz and Malek Abdulsamad of Greenstone represented the buyer and seller. The property consists of a 14,850-square-foot parcel of land owned by a longtime Greenstone client. The buyer plans to build a condominium development on the site.
CHICAGO — Coworking concept Switchyards has inked two leases for additional locations in Chicago. JLL brokered both deals. Sarah Silva and Nicole Becker of JLL represented Switchyards and landlord Range Group in two simultaneous transactions — 2440 N. Lincoln Ave. in Lincoln Park and 1046 W. Kinzie St. in Fulton Market. Both clubs are scheduled to open Monday, Oct. 26.
SKOKIE, ILL. — Draper and Kramer Inc. has arranged a $99.6 million loan on behalf of Fairbourne Properties for the acquisition of Village Crossing, a 724,400-square-foot shopping center on the border between Skokie and Niles. Built in 1988, the grocery-anchored property includes Jewel-Osco, AMC and Dick’s Sporting Goods. Bill Barry and Bill Stewart of Draper and Kramer’s Commercial Finance Group arranged the loan. In addition to funding the acquisition, the loan will be used for tenant improvements and leasing commission costs for new leasing at the property.
LOMBARD AND NAPERVILLE, ILL. — Northmarq has arranged the sales of two Chicagoland multifamily properties for a combined $67.3 million. The assets include Westmore Apartments, a 230-unit property in Lombard, and Whispering Trails, a 120-unit property in Naperville. Westmore Apartments was built in 1968 and is 98 percent occupied. Ownership invested more than $3.7 million in capital improvements over the past decade. Whispering Trails was built in 1985. Ownership invested nearly $2.2 million in capital improvements. Parker Stewart, Dominic Martinez, Alex Malzone and Jake Lamb of Northmarq represented the seller, Axiom Properties Inc. B & A Property Group LLC purchased Westmore Apartments for $46 million, while FPA Multifamily bought Whispering Trails for $21.3 million.
SCHAUMBURG, ILL. — UrbanStreet Group has announced two retail leases for Veridian’s shopping, dining and entertainment district in Schaumburg. Entertainment concept Your Third Spot and Chicago-area breakfast and lunch restaurant Buttermilk Cafe will open storefronts in the project’s first phase. Veridian is the redevelopment of the former Motorola factory and office campus. Your Third Spot will open its first Chicago-area location at Veridian and its second location nationally, following one in Atlanta. The competitive socializing venue pairs dining and craft beverages with games and activities. Buttermilk Cafe is known for its stuffed breakfast biscuits, pancakes, burgers and all-day breakfast menu. The restaurant operates in Geneva, Naperville, Vernon Hills, Wilmette and Downers Grove. The Veridian location will total 4,000 square feet. Construction on Veridian’s first retail phase includes The Fresh Market, a 26,000-square-foot grocery anchor that is on track to open in early 2027. The 321 apartments above the retail space are slated to open next spring. The district’s parking deck and public road network are both complete. Mason Retail Group is leading retail leasing for Veridian. In 2015, Motorola announced it would relocate its headquarters to downtown Chicago. UrbanStreet Group bought the Schaumburg property in 2016 and spent the next …
DES PLAINES, ILL. — Seefried Industrial Properties has completed demolition and is underway on a three-building, 520,000-square-foot industrial development in Des Plaines. The project is a redevelopment of approximately 35 acres at the Northeast corner of Algonquin and Mount Prospect roads in the O’Hare submarket. It will transform three functionally obsolete office buildings into a modern industrial park. The three buildings, totaling 106,000, 152,000 and 260,000 square feet, are being built on a speculative basis. Premier Design + Build Group is the general contractor, SPACECO is the civil engineer and Harris Architects is the architect. Jason Lev, Jimmy Kowalczyk and John Suerth of CBRE are marketing the property for lease. Completion is slated for the second quarter of 2027.
JOLIET, ILL. — Cullinan Properties has secured more than 500,000 square feet of executed deals current or coming to Rock Run Collection, including naming five additional national and regional retail tenants alongside the previously announced Dick’s House of Sport. The announcement was made as the developer broke ground for the retail components at the 310-acre, 1.3 million-square-foot project in Joliet. The newly named retail tenants to open in 2027 include Five Below, Maurices, Spencer’s, Buckle and Milano Nail Salon. Additional tenants will be released soon. The retail portion is adjacent to the new Hollywood Casino Joliet and The View apartment complex. The 120,000-square-foot Dick’s House of Sport is the first to be built from the ground up in the Chicagoland area.
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