Illinois

Maillard Tavern to Open in Chicago This Summer

by Kristin Harlow May 31, 2017

CHICAGO — Maillard Tavern has signed a 1,600-square-foot lease to open a restaurant in Chicago. The burger restaurant, which will also offer ice cream and cocktails, will occupy the space at the southern apex of the Milwaukee Avenue and Halsted Street intersection. The restaurant is slated to open late this summer and will be the third operation for Tony Priolo and Ciro Longobardo. The duo opened their second venture, Nonnina, in 2012 in River North. Danny Spitz, Greg Dietz and Jacqueline Brito of Baum Realty Group LLC brokered the lease transaction on behalf of the landlord, the owners of the adjacent Piccolo Sogno building.

May 31, 2017

Hospitality Illinois Midwest

Home2 Suites by Hilton Opens in Schaumburg, Illinois

by Kristin Harlow May 30, 2017

SCHAUMBURG, ILL. — Home2 Suites by Hilton Chicago/Schaumburg has opened in Schaumburg’s business district. The 107-suite hotel features amenities such as a combined laundry and fitness area, complimentary breakfast, indoor pool and barbecue grills. Located at 1300 E. American Lane, the hotel offers convenient access to Woodfield Mall. Superhost Hospitality will manage the hotel. Schaumburg Meacham Pointe LLC owns the hotel. The Delaware-based limited liability company retained the services of Inland National Development Corp. as its developer to oversee the construction of the hotel.

May 30, 2017

Illinois Loans Midwest Retail

Associated Bank Provides $25M Refinance Loan for Mariano’s-Occupied Building in Orland Park, Illinois

by Kristin Harlow May 26, 2017

ORLAND PARK, ILL. — Associated Bank has provided a $25 million loan for the refinancing of a 73,180-square-foot retail building occupied by Mariano’s Fresh Market in Orland Park, a suburb of Chicago. The grocery store, located at 9504 W. 142nd St., opened in January 2016. Daniel Barrins of Associated Bank originated the loan. A United Kingdom-based affiliate of IM Properties PLC was the borrower.

May 26, 2017

Illinois Industrial Midwest

Meridian Completes 226,616 SF Industrial Tenant Build-out in Romeoville, Illinois

by Kristin Harlow May 26, 2017

ROMEOVILLE, ILL. — Meridian Design Build has completed a 226,616-square-foot industrial tenant build-out for Molto Properties and LASCO Fittings Inc. in Romeoville. The property is located at 1881 Normantown Road. The new facility includes 4,486 square feet of office space and a 221,616-square-foot distribution warehouse with 35 loading docks, 205 auto parking stalls, 39 trailer stalls and two drive-in doors. Additional work consisted of a shipping office, dock upgrades and modifications to the overhead lighting. Ware Malcomb served as project architect and V3 Cos. provided civil engineering services for the project.

May 26, 2017

Illinois Midwest Multifamily

Kiser Group Brokers $29M Sale of Multifamily Portfolio in Chicago

by Kristin Harlow May 25, 2017

CHICAGO — Kiser Group has brokered the sale of a multifamily portfolio on Chicago’s south side for $29 million. The portfolio consists of 21 buildings and 370 units. The properties, which include studios, one-, two-, three- and four-bedroom units, are largely located in Washington Park, East Woodlawn and South Shore. WPD Management sold the portfolio in order to take advantage of high demand and growing interest in the South Side neighborhoods. Noah Birk and Broker Aaron Sklar of Kiser brokered the transaction.

May 25, 2017

Illinois Industrial Loans Midwest

Bellwether Arranges $9M Refinancing Loan for Industrial Property in Chicago

by Kristin Harlow May 25, 2017

CHICAGO — Bellwether Enterprise has arranged a $9 million loan for the refinancing of a 700,000-square-foot industrial property in Chicago. Constructed in the late 1990s, the building features 30-foot clear heights and 120-foot truck courts. Shelley Magoffin and Max Sauerman of Bellwether arranged the loan for the Los Angeles-based owner. Thrivent Financial for Lutherans provided the loan.

May 25, 2017

Illinois Industrial Midwest

Flex-N-Gate Signs 288,000 SF Industrial Lease in Chicago

by Kristin Harlow May 24, 2017

CHICAGO — Flex-N-Gate has signed a 288,000-square-foot industrial lease on Chicago’s south side. The property, slated to open early next year, is located at 2924 126th St. The automotive equipment supplier will begin its lease of the facility in January 2018 and will convert the existing warehouse into a modern automotive operation that will serve multiple automakers, including the nearby Ford Chicago Assembly Plant. Conversion of the space is slated for completion by the first quarter of 2019. Flex-N-Gate has entered into a 10-year Economic Development for a Growing Economy (EDGE) partnership with the State of Illinois and the City of Chicago. Through the partnership, Flex-N-Gate has committed to hiring at least 286 full-time employees over the next three years and investing $30 million into the facility over the next 10 years. The firm will receive various tax credits and abatements during the 10-year period. CBRE Asset Services manages the property and surrounding Chicago Manufacturing Campus. Mitch Adams and George Maragos of CBRE represented ownership in the transaction, while Jason West and Mike Magliano of Cushman & Wakefield represented Flex-N-Gate.

May 24, 2017

Illinois Industrial Midwest

PREMIER to Construct 49,835 SF Headquarters Expansion for ECHO in Lake Zurich, Illinois

by Kristin Harlow May 24, 2017

LAKE ZURICH, ILL. — PREMIER Design + Build Group is constructing a 49,835-square-foot expansion for ECHO Inc.’s headquarters in Lake Zurich, a suburb of Chicago. The new addition will bring the outdoor power equipment supplier’s corporate campus to 578,000 square feet of office and manufacturing space. The property is situated on 35 acres at 400 Oakwood Road. The new parking lot will feature space for 212 cars. Mark Melone, Samantha Skopek and Tom Johnson of PREMIER are responsible for the project. Stephen Rankin Associates is the architectural firm for the expansion. Structurelogic Inc. is providing structural engineering expertise, while Kimley-Horn is providing civil engineering services.

May 24, 2017

Illinois Midwest Multifamily

BARBERMurphy Arranges Sale of 16-Unit Apartment Property in O’Fallon, Illinois

by Kristin Harlow May 24, 2017

O’FALLON, ILL. — BARBERMurphy Group has arranged the sale of a 16-unit apartment property in O’Fallon, 17 miles east of St. Louis. The sales price was not disclosed. The 16,880-square-foot property is located at 109-111 Sugar Pine Lane. BARBERMurphy represented both the buyer, Sugar Pine Apartments LP, and the seller, Pineview Inc.

May 24, 2017

Illinois Industrial Midwest

ML Realty Partners Leases 77,450 SF Industrial Space in Des Plaines, Illinois

by Kristin Harlow May 23, 2017

DES PLAINES, ILL. — ML Realty Partners has leased a 77,450-square-foot industrial space for Gebrüder Weiss Inc. in Des Plaines, a suburb of Chicago. The European-based transportation and logistics company will occupy the warehouse space located at 251 Wille Road. The property features 30-foot clear heights and access to several major highways. Jack Brennan of CBRE represented Gebrüder Weiss in the lease transaction, while Tom Rodeno and Matthew Stauber of Colliers represented the landlord, ML Realty Partners.

May 23, 2017

Newer Posts

Older Posts