Illinois

McHugh Construction Breaks Ground on Five-Story Howard Brown Health Clinic in Chicago

by Kristin Harlow June 29, 2022

CHICAGO — McHugh Construction has broken ground on a five-story healthcare facility and medical office for Howard Brown Health, a Midwest-based LGBTQ healthcare organization, in Chicago’s Lakeview neighborhood. The 91,000-square-foot building at 3501 N. Halsted St. will replace a Howard Brown clinic at 3245 N. Halsted St. The project will include first-floor retail space, a mix of clinical and administrative space, underground parking and a rooftop terrace. Completion is slated for 2023. Chicago-based Eckenhoff Saunders is the architect. Howard Brown Health is developing the project in partnership with Inland National Development Co. McHugh Concrete, a sister company of McHugh Construction, is the concrete subcontractor.

June 29, 2022

Acquisitions Illinois Midwest Retail

WS Development Purchases 100,000 SF Plaza del Lago Shopping Center in Suburban Chicago

by Kristin Harlow June 28, 2022

WILMETTE, ILL. — Massachusetts-based developer WS Development has purchased Plaza del Lago in the Chicago suburb of Wilmette for an undisclosed price. The roughly 100,000-square-foot, open-air shopping center is situated along the shore of Lake Michigan. The property was originally built in the 1920s and is the nation’s second-oldest shopping destination, according to WS, which purchased the center in partnership with CrossHarbor Capital Partners. Joe Girardi of Mid-America Real Estate brokered the transaction. The seller was undisclosed.

June 28, 2022

Acquisitions Illinois Midwest Multifamily

Bayshore Properties Acquires 344-Unit Apartment Complex in Mt. Prospect, Illinois

by Kristin Harlow June 28, 2022

MT. PROSPECT, ILL. — Bayshore Properties Inc. has acquired Mount Prospect Greens, a 344-unit apartment complex in the Chicago suburb of Mt. Prospect. Built in 1973, the property features a mix of one-, two- and three-bedroom units. There are 156 units that have been renovated with new countertops, cabinets and appliances. Tyler Hague and Lauren Stoliar of Colliers represented the seller, Pepper Pike Capital Partners. Dan Sacks and Eric Rosenstock of Greystone originated a $44.2 million Fannie Mae loan for the $49.5 million acquisition.

June 28, 2022

Acquisitions Illinois Midwest Retail

Mid-America Brokers Sale of 47,000 SF LA Fitness-Occupied Property in Suburban Chicago

by Kristin Harlow June 28, 2022

WESTMONT, ILL. — Mid-America Real Estate Corp. has brokered the sale of a 47,000-square-foot property occupied by LA Fitness in the Chicago suburb of Westmont. The sales price was undisclosed. LA Fitness recently executed a new 15-year lease. Joe Girardi and Matt McParland of Mid-America represented the sellers, Kensington Development and IM Properties Plc. A 1031 exchange investor was the buyer.

June 28, 2022

Development Illinois Midwest Office

BMO Financial Group Opens 50-Story Office Tower in Chicago

by Kristin Harlow June 27, 2022

CHICAGO — BMO Financial Group has opened BMO Tower at 320 S. Canal St. in Chicago’s West Loop Gate neighborhood. The 50-story office tower will serve as BMO’s new U.S. headquarters. More than 3,000 employees will be based at BMO Tower, which rises more than 700 feet. Developed by Riverside Investment & Development, the property’s main floor features a new technology-enabled BMO bank branch. The project, which features a fitness center and 1.5-acre greenspace, was designed to achieve WELL Building Platinum and LEED Gold certifications.

June 27, 2022

Development Illinois Industrial Midwest

Venture One Breaks Ground on 729,823 SF Spec Industrial Facility in Huntley, Illinois

by Kristin Harlow June 27, 2022

HUNTLEY, ILL. — Venture One Real Estate has broken ground on a 729,823-square-foot speculative industrial facility in Huntley, a northwest suburb of Chicago. Known as Venture Park 47, the project will be located at the intersection of Illinois Route 47 and Jim Dhamer Drive. The building will feature a clear height of 40 feet, 72 docks, four drive-in doors, 448 car parking stalls and 130 trailer stalls. Completion is slated for the third quarter of 2023. Brian Kling and Reed Adler of Colliers will market the project for lease.

June 27, 2022

Development Illinois Midwest Multifamily Seniors Housing

McShane Completes Construction of 166-Unit Senior Living Community in Algonquin, Illinois

by Kristin Harlow June 27, 2022

ALGONQUIN, ILL. — McShane Construction Co. has completed The Oaks at Algonquin, a 166-unit senior living community in suburban Chicago. Spectrum Retirement Communities was the developer. The property features independent living, assisted living and memory care units. Amenities include three restaurants, a pub, salon, media lounge, theater, health club, rooftop deck, memory care garden and doctor and therapist offices. Vessel Architecture provided architectural services for the three-story community.

June 27, 2022

Development Illinois Industrial Midwest

Principle Construction Builds 178,850 SF Spec Industrial Facility in Chicago

by Kristin Harlow June 27, 2022

CHICAGO — Principle Construction Corp. has completed a 178,850-square-foot speculative industrial building in Chicago. IDI Logistics was the developer. Located at 3700 S. Morgan St., the property features a clear height of 36 feet, 32 dock positions, two drive-in doors and 103 car parking stalls. Principle’s Darrin Dehmlow served as project manager and Matt Frane was the onsite superintendent. Macgregor Architects served as project architect.

June 27, 2022

Illinois Leasing Activity Midwest Restaurant Retail

Cinergy Dine-In Cinemas to Open at Former CMX Location at Wheeling Town Center in Suburban Chicago

by Kristin Harlow June 24, 2022

WHEELING, ILL. — Cinergy Dine-In Cinemas is slated to open in July at the former CMX CinéBistro location at Wheeling Town Center in the Chicago suburb of Wheeling. The 40,000-square-foot, seven-screen theater will offer a dine-in theater experience. Wheeling Town Center, developed by The Lynmark Group, is now fully leased. This is the ninth location nationwide for Cinergy, which is operated by Dallas-based Cinergy Entertainment Group Inc. Other tenants at Wheeling Town Center include 312 Nails, Artic Spoon, AT&T, City Works, Inland Bank, Meat & Potato Urban Kitchen, Mia’s Cantina, Starbucks and The Learning Experience.

June 24, 2022

Development Illinois Industrial Midwest

Seefried Breaks Ground on 80,053 SF Spec Industrial Building in Mount Prospect, Illinois

by Kristin Harlow June 23, 2022

MOUNT PROSPECT, ILL. — Seefried Properties has broken ground on an 80,053-square-foot speculative industrial building in the Chicago suburb of Mount Prospect. The Class A project, located 2.5 miles from the O’Hare airport’s North Cargo Gate, will be designed to accommodate freight-forwarding and air cargo warehousing. World Courier Inc. has leased 34,011 square feet at the development. Mike Feeney and Jay Cook of Cresa represented the tenant, while Mike Sedjo, Jack Brennan, John Hamilton and Ben Dickey of CBRE represented Seefried. CBRE will handle lease-up of the remainder of the building. The project team includes general contractor Principle Constructors, civil engineer Kimley-Horn and architect Harris Architects. The building will feature a clear height of 32 feet, 16 exterior dock doors, ample car parking and 17 trailer stalls. A timeline for completion was not provided.

June 23, 2022

Newer Posts

Older Posts