Illinois

White Oak Realty Reopens 29-Story Office Building in Chicago

by Amy Works October 12, 2016

CHICAGO — White Oak Realty has reopened a 487,000-square-foot office building located at 200 W. Jackson in Chicago’s Loop. Redesigned by Wright Heerema Architects, the 29-story building features new amenity space on the 28th floor, including a four-seasons hospitality lounge, a full-service conference facility, fitness center and access to healthy and convenient food. Additionally, the redesign includes a renovated lobby and building exterior. Morgan Harbour Construction worked with Wright Heerema Architects on all the interior and exterior renovations. A joint venture between White Oak Realty and Angelo Gordon & Co. purchased the property in 2015.

October 12, 2016

Illinois Midwest Mixed-Use Office Retail

Marcus & Millichap Arranges Sale of 5,166 SF Mixed-Use Property in Chicago

by Amy Works October 12, 2016

CHICAGO — Marcus & Millichap has brokered the sale of Southport Corridor Mixed-Use, a mixed-use property located at 1362 W. Belmont Ave. in Chicago. An individual/personal trust sold the 5,166-square-foot property to a limited liability company for an undisclosed price. The two-story building was vacant at the time of sale. Brewster Hague, Sean Sharko and Austin Weisenback of Marcus & Millichap represented the seller and buyer in the deal.

October 12, 2016

Illinois Midwest Multifamily

Essex Realty Brokers $1.5M Sale of Multifamily Building in Chicago

by Amy Works October 11, 2016

CHICAGO — Essex Realty Group has arranged the sale of a seven-unit multifamily building located at 1223-25 W. Foster Ave. in Chicago’s Andersonville neighborhood. An undisclosed buyer acquired the property for $1.5 million. The walk-up building features one two-bedroom, one-bath garden apartment; four two-bedroom, one-bath apartments; and two three-bedroom, one-bath apartments. Additionally, the property features five parking spaces. Steve Livaditis, Joe Scheck and Brian Karmowski of Essex represented the undisclosed seller, while Doug Imber and Kate Varde, also of Essex, represented the buyer in the deal.

October 11, 2016

Illinois Midwest Retail

Adelphia Properties Facilitates $4.1M Acquisition of Retail Property in Suburban Chicago

by Amy Works October 10, 2016

DOWNERS GROVE, ILL. — Adelphia Properties has brokered the sale of a newly constructed retail building located at 1201 Ogden Ave. in Downers Grove. A private investor acquired the property from the undisclosed developer for $4.1 million. BMO Harris Bank and Chipotle Mexican Grill occupy the 5,305-square-foot building. Simeon Spirrison and George Spirrison of Adelphia Properties represented the buyer in the deal.

October 10, 2016

Illinois Midwest Office

Shopoff Realty Investments Acquires Two Loft Office Commercial Buildings in Chicago

by Amy Works October 10, 2016

CHICAGO — Shopoff Realty Investments has acquired two creative loft office commercial buildings in Chicago for an undisclosed price. At the time of acquisition, the 87,270-square-foot property at 900 N. Franklin St. was 89 percent occupied. The 76,729-square-foot building at 224 N. Desplaines St. was 92 percent occupied. The name of the seller was not released.

October 10, 2016

Illinois Midwest Retail

Metro Commercial Real Estate Brokers 8,000 SF Retail Lease in Downers Grove, Illinois

by Amy Works October 10, 2016

DOWNERS GROVE, ILL. — Metro Commercial Real Estate has arranged the lease of retail space at Butterfield Plaza in Downers Grove. Skechers has leased 8,000 square feet at the retail property. Other tenants at the center include Ross Dress for Less, Catherines, Tuesday Morning and Half Price Books. This location will be Skechers’ 16th store in the Chicagoland market. Steven Baer of Metro Commercial Real Estate represented Skechers in the transaction. The name of the landlord was not released.

October 10, 2016

Illinois Midwest Multifamily Student Housing

Foresite Realty Partners Brokers Sale of Student Housing Community in Carbondale, Illinois

by Amy Works October 7, 2016

CARBONDALE, ILL. — Foresite Realty Partners has arranged the sale of St. Germain Square, a student housing rental community in Carbondale. The four-building property features 122 units in a mix of studio, one-bedroom and two-bedroom layouts. Donald Shapiro of Foresite Realty Advisors and Kristen Keehnast of Foresite Realty Partners represented the undisclosed seller in the transaction. The name of the buyer and the acquisition price were not released.

October 7, 2016

Illinois Midwest Multifamily

@properties Commercial Facilitates $3.1M Sale of Multifamily Building in Chicago’s Rogers Park

by Amy Works October 7, 2016

CHICAGO — @properties Commercial has brokered the sale of a multifamily property located at 6900 N. Sheridan Road in the Rogers Park neighborhood of Chicago. A private limited liability company acquired the property for $3.1 million, or $525,000 per unit. Restored and renovated in 2013, the six-unit property was 100 percent occupied at the time of sale. The building features a mix of two-, three- and four-bedroom apartments. Kevin Rocio of @properties represented the seller, a private limited liability company, in the transaction.

October 7, 2016

Illinois Midwest Restaurant Retail

Nando’s Peri-Peri to Open Three Locations in Chicagoland

by Amy Works October 7, 2016

SKOKIE, OAK BROOK AND HYDE PARK, ILL. — Nando’s Peri-Peri is opening three locations this fall in Chicagoland. The restaurants in Skokie, Oak Brook and Hyde Park will be the company’s ninth, tenth and eleventh locations in the Chicago area. The South African-Portuguese restaurant operates locations in 23 nations from Australia to Zimbabwe.

October 7, 2016

tallgrass-corporate-center-bolingbrook-il

Illinois Midwest Office

Equus Capital Partners Completes $67.3M Sale of Tallgrass Corporate Center in Bolingbrook, Illinois

by Amy Works October 6, 2016

BOLINGBROOK, ILL. — Equus Capital Partners has completed the disposition of Tallgrass Corporate Center, an office center located at 1000 Remington in Bolingbrook. Middletown Partners acquired the property for $67.3 million. At the time of sale, the 533,365-square-foot Class A office center was 100 percent leased to a variety of tenants, including ULTA Beauty, Presence Health, Quad Graphics and AMITA Health. The office center features a full-service cafeteria, fitness center with locker rooms and showers, and state-of-the-art auditorium and conferencing capabilities. James Postweiler and Peter Harwood of JLL represented the seller in the transaction.

October 6, 2016

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