Illinois

ICI Completes Construction of 61,940 SF Jewel Osco in Deerfield, Illinois

by Kristin Harlow July 26, 2017

DEERFIELD, ILL. — ICI has completed the construction of a 61,940-square-foot Jewel Osco in Deerfield. The grocery store is located at the corner of Waukegan and Lake Cook roads. The store was built between an existing strip center. The new Deerfield store features an updated look with a juice bar, customer seating area, sushi section and expanded departments. This store marks the ninth project ICI has completed for Jewel Osco. A ribbon-cutting ceremony for the store’s opening took place on July 19.

July 26, 2017

Illinois Industrial Midwest

Morgan/Harbour Completes Construction of 41,100 SF Office, Warehouse Facility in Buffalo Grove, Illinois

by Kristin Harlow July 25, 2017

BUFFALO GROVE, ILL. — Morgan/Harbour Construction has completed a new 41,100-square-foot office and warehouse headquarters for ThermFlo Inc. and its sister company, Zonatherm Products Inc., in Buffalo Grove. Situated on 4.3 acres and located at 875 Busch Parkway in the Corporate Grove Industrial Park, the facility features an open office concept with workstations, private executive offices, conferencing spaces, a seminar room, full-glass product showroom, lunchroom, 20-foot clear height warehouse, two exterior docks, two drive-in doors and 136 parking stalls. Brian Smith, Rich Cassidy and Scott Guerra of Morgan/Harbour led the project team. Ware Malcomb provided architectural services, while Clarius Partners provided development management services. Previously located in Wheeling, ThermFlo is a 24-hour service and construction company with engineering design and CAD capabilities.

July 25, 2017

Illinois Midwest Office

GATX Corp. to Relocate Global Headquarters to Chicago’s Willis Tower

by Kristin Harlow July 24, 2017

CHICAGO — GATX Corp. has signed a 90,000-square-foot office lease to relocate its global headquarters to Willis Tower in Chicago. The railcar leasing company currently occupies office space at 222 West Adams St. in Chicago. Willis Tower is undergoing a renovation to include amenities such as a tenant lounge, fitness center and café. Joy Jordan, Jamey Dix and Brian Whiting of Telos represented Equity Office in the lease transaction, while Melissa Copley of Newmark Knight Frank represented GATX Corp. Equity Office is the U.S. office portfolio company wholly owned by Blackstone’s real estate funds. Blackstone acquired Willis Tower in 2015.

July 24, 2017

Illinois Industrial Midwest

ML Realty Acquires 74,072 SF Industrial Property in Elk Grove Village, Illinois

by Kristin Harlow July 24, 2017

ELK GROVE VILLAGE, ILL. — ML Realty Partners has acquired a 74,072-square-foot industrial property in Elk Grove Village. The purchase price was not disclosed. The building, 100 percent leased to a single tenant, is located at 2601 Lively Blvd. near Chicago O’Hare International Airport. Phil Reiff Jr. and Phil Reiff Sr. of Paine/Wetzel represented the undisclosed seller in the transaction.

July 24, 2017

Illinois Midwest Office

J.C. Anderson Completes Lobby Renovation at Office Property in Chicago

by Kristin Harlow July 24, 2017

CHICAGO — General contractor J.C. Anderson Inc. has completed a lobby renovation at One North Franklin, otherwise known as PNC Centre, in Chicago. The project consisted of installing marble flooring throughout all of the elevator vestibules, large floor-to-ceiling specialty glass panels as well as new elevator wall sconces. Designed by architects Skidmore, Owings & Merrill, PNC Centre is a 36-story, Class A office building. Completed in 1991, the property features 617,592 square feet of office and retail space. Matt Kantro and Dan Dunn of J.C. Anderson led the project team. Gensler provided architectural services.

July 24, 2017

Hospitality Illinois Midwest

Peak Completes Construction of Marriott Residence Inn in Bolingbrook, Illinois

by Kristin Harlow July 21, 2017

BOLINGBROOK, ILL. — Peak Construction Corp. has completed the Marriott Residence Inn located in Bolingbrook, a southwest suburb of Chicago. Peak provided design-build services for the 103-room extended-stay hotel. Amenities at the four-story, 77,000-square-foot property include a swimming pool, outdoor patio and multi-purpose sport court. Norr Architects served as the project architect, while Manhard Consulting Ltd. provided civil engineering services. Love Hotel Management Co. will manage the property.

July 21, 2017

Illinois Midwest Restaurant Retail

Michael Jordan’s Restaurant Opens in Oak Brook, Illinois

by Kristin Harlow July 21, 2017

OAK BROOK, ILL. — Michael Jordan’s Restaurant has opened in Oak Brook, about 20 miles west of Chicago. Executive chef Craig Couper, who also heads the kitchen at Michael Jordan’s Steak House in downtown Chicago, prepares some of Jordan’s signature items, including prime Delmonico ribeye steaks. In addition to lunch and dinner, the restaurant features made-to-order coffee brewed by Metric Coffee. Michael Jordan’s Restaurant seats 150 diners, not including the 90-seat bar and 68-seat patio. Chicago-based DMAC Architecture designed the restaurant. Cornerstone Restaurant Group oversees all seven Michael Jordan-branded restaurants.

July 21, 2017

Illinois Midwest Multifamily

CBRE Arranges $222.5M Sale of Luxury Apartment Tower in Chicago

by Kristin Harlow July 20, 2017

CHICAGO — CBRE has arranged the sale of Coast at Lakeshore East in Chicago for $222.5 million. The 515-unit luxury apartment tower is located at 345 E. Wacker Drive. The 45-story property offers studios, one-, two- and three-bedroom units. Amenities include a fitness center, outdoor heated pool, indoor spa and a sky garden lounge. John Jaeger, Dan Cohen and MJ Zaring of CBRE represented the sellers, Magellan Development Group and institutional investors advised by J.P. Morgan Asset Management. Morguard Corp. purchased the property.

July 20, 2017

Illinois Midwest Mixed-Use

Lynmark Group Begins Development of $110M Wheeling Town Center in Wheeling, Illinois

by Kristin Harlow July 20, 2017

WHEELING, ILL. — The Lynmark Group has broken ground on Wheeling Town Center, a $110 million mixed-use project in the Village of Wheeling. The development will feature over 300 luxury apartments, 100,000 square feet of retail and entertainment space and a pedestrian-friendly plaza. CMX movie theater will anchor the retail space, along with City Works Eatery and Pour House. The development, located at 351 W. Dundee Road, is adjacent to the Wheeling Park District. Completion is slated for fall 2018. CallisonRTKL designed the project, and William A. Randolph is serving as general contractor.

July 20, 2017

Illinois Industrial Midwest Mixed-Use Top Stories

Brennan Investment Group to Develop $1B Technology Park Near O’Hare International Airport

by John Nelson July 20, 2017

ELK GROVE VILLAGE, ILL. — Brennan Investment Group, a private real estate investment and development firm based in Chicago, plans to develop Elk Grove Technology Park, a new 85-acre infill development situated roughly three miles from O’Hare International Airport. The project could cost nearly $1 billion to develop, according to the Daily Herald. “Opportunities to develop near airports, in major metropolitan areas — and in scale — are virtually non-existent,” says Michael Brennan, chairman and managing principal of Brennan Investment Group. “We are confident this will become the most desirable and significant industrial development in the Chicago region, and perhaps in the United States.” Brennan Investment plans for Elk Grove Technology Park to house data centers and industrial space for digital manufacturing and robotics uses. Upon completion, four speculative industrial facilities will be built with opportunities for an additional five buildings, including sites for data centers. Brennan Investment will initially build out the infrastructure of the park with ponds, water features, sculptures, bike paths and pedestrian walkways. The site for Elk Grove Technology Park is bounded by Higgins Road to the north, Lively Road to the east, Oakton Boulevard to the south and King Street to the west. “Elk Grove …

July 20, 2017

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