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IllinoisMidwestMultifamily

Luxury Living Chicago Realty to Oversee Leasing of 102-Unit Luxury Apartment Tower in Chicago

by Kristin Harlow

CHICAGO — Luxury Living Chicago Realty will oversee leasing of 8 East Huron, a 102-unit luxury apartment tower in Chicago’s River North neighborhood. CA Residential LLC, the multifamily investment and development division of Chicago-based CA Ventures, developed the 26-story property. The Habitat Co. will manage the property. Wrapped entirely in glass, the building features one- and two-bedroom units as well as luxury three-bedroom suites on the 22nd and 23rd floors. Floor plans range in size from 540 to 2,680 square feet with rents ranging from $2,195 to $15,995. A 24th floor amenity space consists of an infinity pool, sun deck, fitness center and on-site pet spa. Since the building is still under construction, Luxury Living is offering a virtual realty experience that allows interested renters to see select apartments and amenities from every angle.

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IllinoisIndustrialMidwest

Frozen Assets Cold Storage Signs 132,000 SF Industrial Lease in Northlake, Illinois

by Kristin Harlow

NORTHLAKE, ILL. — Frozen Assets Cold Storage has signed a 132,000-square-foot industrial lease at Bridge Point Northlake, located about 20 miles west of Chicago. Located at 555 Northwest Ave., the 256,752-square-foot cold storage facility features clear heights of 32 to 40 feet, 104 dock positions and 91 trailer stalls. Headquartered in Chicago, Frozen Assets Cold Storage provides cold storage, freezing, blast freezing, exporting, labeling and cross-docking services. Jason Lev and John Suerth of CBRE represented the landlord, Bridge Development, in the lease transaction. Steve Livaditis, also of CBRE, represented the tenant.

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IllinoisMidwestRetail

The Boulder Group Arranges $2M Sale of Retail Property in New Lenox, Illinois

by Kristin Harlow

NEW LENOX, ILL. — The Boulder Group has arranged the sale of a retail property net leased to three tenants in New Lenox, about 40 miles southwest of Chicago. AT&T Wireless, Papa John’s and Volver Cantina & Grill occupy the 5,362-square-foot property, located at 701-709 E. Lincoln Highway. Constructed in 2015, the building is an outparcel to the New Lenox Town Center. Randy Blankstein and John Feeney of The Boulder Group represented the seller, a West Coast-based real estate investment group. A West Coast-based real estate investor purchased the property.

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IllinoisIndustrialMidwest

Clayco Completes 1MSF Distribution Facility for Georgia-Pacific in University Park, Illinois

by Kristin Harlow

UNIVERSITY PARK, ILL. — Clayco Inc. has completed construction of a Georgia-Pacific distribution facility at Gateway 57 Industrial Park in University Park, about 38 miles south of Chicago. The 1 million-square-foot facility is a joint venture between CRG and Venture One along with design-build firm Clayco and its subsidiary Forum Studio. The investment will allow Georgia-Pacific to expand capabilities in University Park, where the company previously operated out of a 700,000-square-foot facility. The distribution center will be used to supply paper goods for commercial and recreational use for some of Georgia-Pacific’s largest clients, including Walmart and Costco. The building features 36-foot clear heights, 100 dock doors and two drive-in doors.

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IllinoisIndustrialMidwest

Euroview Enterprises Enters Into 47,861 SF Industrial Lease in Elmhurst, Illinois

by Kristin Harlow

ELMHURST, ILL. — Euroview Enterprises LLC has entered into a 47,861-square-foot industrial lease in Elmhurst, about 18 miles west of Chicago. The manufacturer and distributor of glass shower doors will occupy the space at 342 Carol Lane. The company is moving from a nearby location at 420 W. Wrightwood Ave. Adam Haefner and Zeke Rowan of Darwin Realty represented the landlord, an institutional investor. Justin Lerner of Transwestern represented the tenant.

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IllinoisMidwestRetail

Broad Reach Acquires 70,000 SF Shopping Center in Wood River, Illinois

by Kristin Harlow

WOOD RIVER, ILL. — Broad Reach Retail Partners has acquired the Wood River Centre in Wood River, located 15 miles north of St. Louis. The purchase price was not disclosed. A Walmart Supercenter anchors the 70,000-square-foot shopping center. The center is 60 percent occupied by tenants including Dollar Tree, H&R Block, Sally Beauty, Taco Bell and Wendy’s.

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IllinoisIndustrialMidwest

ML Realty Acquires 70,957 SF Industrial Building in Lincolnshire, Illinois

by Kristin Harlow

LINCOLNSHIRE, ILL. — ML Realty Partners has acquired a 70,957-square-foot industrial building in Lincolnshire, a northern suburb of Chicago. The purchase price was not disclosed. A single tenant occupies the entire property, located at 500 Bond St. Jeff Devine, Steve Disse and Matthew Stauber of Colliers International represented the undisclosed seller in the transaction.

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IllinoisMidwestRetail

Mid-America Brokers Sale of Mariano’s Ground Lease for $20M in Lombard, Illinois

by Kristin Harlow

LOMBARD, ILL. — Mid-America Real Estate Corp. has brokered the sale of a Mariano’s ground lease in Lombard for $20 million. The 74,000-square-foot property is located at the intersection of Roosevelt and Finley roads. Mariano’s holds a 20-year ground lease corporately guaranteed by Kroger Co. Joe Girardi and Wes Koontz of Mid-America brokered the sale on behalf of the seller, Bradford Real Estate. A private investor purchased the property.

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IllinoisIndustrialMidwest

Principle Completes 750,000 SF Industrial Facility in Channahon, Illinois

by Kristin Harlow

CHANNAHON, ILL. — Principle Construction Corp. has completed a 750,000-square-foot industrial facility in Channahon. The building, which sits on a 34-acre site, is the first building in the new Channahon Corporate Center, developed by IDI Gazeley. Building A features 86 dock doors, parking for 440 vehicles, 192 trailer parking spaces, an ESFR sprinkler system and a 185-foot concrete truck court. Principle will continue to build out infrastructure for the remaining 72 acres of the park. Jim Brucato, Darrin Dehmlow and Doug Brucato of Principle oversaw the project. Sparks Architects Inc. designed the site, while Jacob & Hefner was the civil engineer.

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IllinoisMidwestMixed-Use

Interra Brokers $3.1M Sale of Mixed-Use Property in Chicago

by Kristin Harlow

CHICAGO — Interra Realty has brokered the sale of a 13-unit mixed-use property in Chicago’s Pilsen neighborhood for $3.1 million. The property, which comprises 12 residential units and one street-level retail space, is located at 1157 W. 18th St. The building underwent a full renovation in 2016, including all new kitchens and baths. The 2,300-square-foot retail space has a new facade with large windows, exposed brick walls, high ceilings and access to additional basement storage. Jeremy Morton and Ted Stratman of Interra represented both the undisclosed buyer and the seller, a local development group. At $238,462 per unit, this was the second highest price-per-unit sale in Pilsen history, according to Interra.

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