Illinois

J.C. Anderson Completes 22,000 SF Buildout for Northwestern Mutual in Downers Grove, Illinois

by Kristin Harlow October 29, 2018

DOWNERS GROVE, ILL. — J.C. Anderson has completed an office renovation and reconfiguration for Northwestern Mutual in Downers Grove. The firm relocated from another floor within the same building to occupy a tailored 22,000-square-foot space. Construction included the addition of new private offices, open workspace and meeting areas, as well as modern finishes and amenities throughout. J.C. Anderson’s Joe Maguire oversaw the construction team, which included Mike Ruffolo as project manager and Gary Kuechler as superintendent. Whitney provided the architectural services and Avison Young represented Northwestern Mutual in lease negotiations. Hamilton Partners owns the property, Esplanade IV.

October 29, 2018

Acquisitions Illinois Midwest Retail

Love’s Travel Stops Purchases Two Illinois Sites in Wadsworth and Rockford

by Kristin Harlow October 29, 2018

WADSWORTH AND ROCKFORD, ILL. — Love’s Travel Stops has purchased two additional land sites in Illinois for the development of its convenience stations. Love’s purchased an 18.8-acre site in Wadsworth from four private individuals. The project will include an Arby’s quick-service restaurant. In Rockford, Love’s purchased a 26-acre site from a local family. The project will include a Hardee’s quick-service restaurant. Construction on both convenience stations is expected to begin in 2019. Dave Schmidt and Linda Kost of Realty Metrix Commercial represented Love’s in both transactions. Love’s plans to open more than 40 new locations during the next year.

October 29, 2018

Healthcare Illinois Leasing Activity Midwest Retail

Quincy Medical Group to Backfill Former Bergner’s Store at Quincy Mall in Western Illinois

by Kristin Harlow October 26, 2018

QUINCY, ILL. — Quincy Medical Group plans to open a new surgery and cancer treatment center at Quincy Mall in central western Illinois. The healthcare provider will occupy about half of the approximately 105,000 square feet on two floors of the former Bergner’s space. Quincy Medical Group will also have the opportunity for expansion on both first and second floors. Cullinan Properties Ltd. owns and manages the mall. The firm continues to identify new national retail tenants for the mall. Three new restaurants opened at the property within the last year.

October 26, 2018

Development Illinois Industrial Midwest

Heathrow Scientific to Occupy 186,616 SF Build-to-Suit in Lincolnshire, Illinois

by Kristin Harlow October 26, 2018

LINCOLNSHIRE, ILL. — Heathrow Scientific has signed a build-to-suit agreement with a private developer for a 186,616-square-foot industrial property in Lincolnshire. The building will be situated on 10 acres and will include 25,000 square feet of office space, a clear height of 36 feet and 14 exterior docks. Heathrow Scientific, a manufacturer of lab equipment, is slated to take occupancy in April 2019. Brett Kroner, Keith Puritz and Eric Fischer of Cushman & Wakefield represented Heathrow in the transaction. The team is also marketing the remaining 68,589 square feet for lease.

October 26, 2018

Acquisitions Illinois Industrial Midwest Self-Storage

SkyView Advisors Brokers Sale of 650-Unit Self-Storage Facility in Lynwood, Illinois

by Kristin Harlow October 26, 2018

LYNWOOD, ILL. — SkyView Advisors has brokered the sale of E-Z Self Storage of Lynwood for an undisclosed price. The facility features 650 non-climate-controlled units and 85,825 net rentable square feet. The property is situated on six acres at 19600 Stoney Island Ave. Ryan Clark and Parker Sweet of SkyView represented the seller, a private owner. A private equity-backed buyer purchased the asset.

October 26, 2018

Acquisitions Illinois Midwest Multifamily

FPA Multifamily Acquires 758-Unit Apartment Property in Suburban Chicago

by Kristin Harlow October 25, 2018

WHEATON, ILL. — FPA Multifamily LLC has acquired Wheaton Center, a 758-unit apartment property in the western Chicago suburb of Wheaton. The purchase price was not disclosed. Wheaton Center consists of six buildings, including two 20-story towers and four mid-rise buildings. Units average 927 square feet. Community amenities include a resort-style pool with cabanas, a fitness center, community room, conference room, pet spa, bark park and playground. The property was most recently renovated in 2017. Marty O’Connell, Sean Fogarty, Wick Kirby and Kevin Girard of HFF represented the seller, a joint venture between Draper and Kramer Inc. and Edge Principal Advisors LLC, which had purchased the property for $44.4 million in 2014, according to the Chicago Tribune.

October 25, 2018

Illinois Leasing Activity Midwest Retail

Away Travel to Open 1,200 SF Store in Chicago

by Kristin Harlow October 25, 2018

CHICAGO — Away Travel has signed a 1,200-square-foot retail lease at the corner of State and Cedar streets in Chicago. The travel and lifestyle brand offers high-quality luggage at affordable prices. Expected to open in time for the holiday shopping season, this will be the seventh retail storefront for Away Travel. The brand originally started as an online-only concept. Founded by two Warby Parker alumni, Away Travel will be located adjacent to a Warby Parker store. Janika Brenner and Adam Secher of Baum Realty Group LLC, along with Peter Block of Colliers International, represented the undisclosed landlord in the lease transaction. Jason Trombley of JLL represented Away Travel.

October 25, 2018

Acquisitions Illinois Industrial Midwest Self-Storage

Marcus & Millichap Brokers Sale of 640-Unit Self-Storage Facility in North Aurora, Illinois

by Kristin Harlow October 24, 2018

NORTH AURORA, ILL. — Marcus & Millichap has brokered the sale of Randall Road Self Storage, a 640-unit self-storage facility in North Aurora. The sales price was not disclosed. The facility, located at 1051 Kettle Ave., encompasses a total of 76,696 rentable square feet. Sean Delaney and Michael Mele of Marcus & Millichap marketed the property on behalf of the seller, a limited liability company. The team also secured the buyer, Merit Hill Capital.

October 24, 2018

Illinois Industrial Leasing Activity Midwest

RJW Transport Signs 416,504 SF Industrial Lease in Romeoville, Illinois

by Kristin Harlow October 23, 2018

ROMEOVILLE, ILL. — RJW Transport has signed a 416,504-square-foot industrial lease at 50 Southcreek Parkway in Romeoville. This is the third major lease for RJW this year for a combined total of 1.2 million square feet. The trucking and logistics company previously signed leases in Woodridge and Bolingbrook. Dominic Carbonari of JLL represented RJW in its latest lease. The landlord was not disclosed.

October 23, 2018

Healthcare Illinois Leasing Activity Midwest

Hektoen Institute of Medicine Opens 6,190 SF Office in Chicago

by Kristin Harlow October 23, 2018

CHICAGO — Hektoen Institute of Medicine has opened a 6,190-square-foot office at 1339 S. Wood St. in the Illinois Medical District of Chicago. The 11,700-square-foot building is also home to Vertiport Chicago, the only vertical helicopter landing facility in the city. Larry Cohn and Becca Lundstrom of @properties Commercial represented Hektoen in the lease transaction. The lease is for seven years.

October 23, 2018

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