DES PLAINES, ILL. — Brennan Investment Group LLC has sold its newly developed industrial facility in Des Plaines in the O’Hare submarket. The Class A distribution building is located at 1780 Birchwood Ave. Developed in partnership with DLJ Real Estate Capital Partners, the 139,425-square-foot building was sold to Morgan Stanley’s Prime Property Fund. The property is fully leased to Pet Food Experts and Cambria Co. Jonathan Kohn and Thomas Rodeno of Colliers International represented Brennan Investment Group in the lease-up of the property. Steven Disse and Jeffrey Devine of Colliers International represented Brennan in the sales transaction. Keeley Construction was Brennan’s general contractor and The PrivateBank provided construction financing.
PONTIAC, ILL. — Senior Living Investment Brokerage Inc. has arranged the sale of Woodridge Supportive Living in Pontiac, north of Bloomington, for $7.5 million. The 36,610-square-foot facility sits on five acres and includes 60 units. A private partnership that develops and operates assisted living and memory care facilities was the seller. A regional operator of seniors housing in Illinois was the buyer. Ryan Saul of Senior Living Investment Brokerage arranged the transaction.
CHICAGO — Kiser Group has brokered the sale of a multifamily portfolio in Chicago’s Rogers Park neighborhood for $20 million. The vintage buildings are located at 1412 W. Chase Ave., 6945 N. Ashland Ave., 1310 and 1257 W. Lunt Ave. The properties include studio, one-bedroom and two-bedroom units. Allen Smith of Winnemac Properties bought the four-building, 220-unit portfolio with plans to renovate the units. Luke Lesniewski, Stevens Haen, Michael Feldstein and Lee Kiser of Kiser Group represented the seller, Ansonia Properties.
SHOREWOOD, ILL. — Mid-America Real Estate Corp. has negotiated the sale of Shorewood Crossings in Shorewood, about 40 miles southwest of Chicago. Phillips Edison & Co. purchased the 173,981-square-foot retail center. Located at the northeast corner of Route 59 and Black Road, the center is anchored by Mariano’s. Joe Girardi of Mid-America represented the seller, Regency Centers Corp. and its co-investment partner.
LIBERTYVILLE, ILL. — Entre Commercial Realty LLC has arranged the sale of a 49,516-square-foot industrial building in Libertyville, a suburb of Chicago, for $3.2 million. The building is located at 1600-1648 Northwind Blvd. and features 26-foot clear heights, four docks and three drive-in doors. World Bioproducts, a manufacturer of microbiology testing products for the food industry, acquired the facility as part of an expansion and relocation from nearby Mundelein, Ill. Brian Bocci of Entre Commercial represented the buyer, while Dan Tobin of CTK represented the undisclosed seller.
CHAMPAIGN, ILL. — Maverick Commercial Mortage Inc. has arranged a $1.7 million first mortgage loan for a to-be built Portillo’s restaurant in Champaign in central Illinois. The restaurant will be constructed on a 1.4-acre site. The restaurant is expected to open shortly after demolition of the current Home Town Buffet. The six-month loan has two three-month extension options. The fixed-rate, recourse loan is interest only and was funded by a national bridge lender. Jeffrey B. Gurian of BeckerGurian represented the borrower, Berkshire Partners. Bryan Segal of Barack, Ferrazzano, Kirschbaum and Nagelberg LLP represented the lender.
ELK GROVE VILLAGE, ILL. — Brown Commercial Group has brokered the sale of a 61,515-square-foot industrial building in Elk Grove Village adjacent to O’Hare International Airport. The sales price was not disclosed. The building is located at 1340-1400 Higgins Road. Northern Glass Inc., a general contractor that specializes in curtain wall, storefront and interior glazing, purchased the property and will occupy nearly 40,000 square feet of the 61,515-square-foot building at 1400 Higgins Road. Northern Glass will be moving from a 9,075-square-foot space at 800 Lee St. in Elk Grove Village. Northern Glass will lease the remaining space at 1340 and 1370 Higgins Road to Protopak Engineering Corp. and Impact Printing and Lithographers, respectively. Dan Brown of Brown Commercial represented Northern Glass, while Mason Hezner of Brown Commercial represented the seller, SLP Realty LLC.
CHICAGO — Marcus & Millichap has negotiated the sale of a 50,000-square-foot Planet Fitness in northwest Chicago for $11.5 million. The property is located at 3120 N. Pulaski Road. Nearby retailers include Walmart, Walgreens, Aaron’s, AutoZone, AT&T, Subway and Chase Bank. Eric Grad of Marcus & Millichap represented the seller, an owner and developer of Planet Fitness gyms. Harvey Schmidt, Donovan Mackey and Dana Newton of Marcus & Millichap procured the buyer, a national real estate investment trust.
WILMETTE, ILL. — American Street Capital (ASC) has arranged a $6 million loan for the refinancing of the Chicago Northside Storage property in Wilmette, 14 miles north of Chicago. The property includes over 52,800 square feet and 500 units. The 10-year loan provided by CMBS features a 30-year amortization schedule. Han Capital was the borrower. Igor Zhizhin of ASC originated the loan.
BENSENVILLE, ILL. — Baum Realty Group LLC has brokered the $2.9 million sale of a PNC Bank ground lease in Bensenville adjacent to O’Hare International Airport. The 3,181-square-foot building is located at 1151 S. York Road. Brad Teitelbaum, Patrick Forkin and Graham Gold represented the seller, a local private investor. The buyer was also local.