DARIEN, ILL. — Adelphia Properties has brokered the $3.1 million sale of Crossroads of Darien, a 14,300-square-foot retail center located at 2805-2819 W. 83rd St. in Darien, a suburb of Chicago. The asset was fully leased at the time of sale. George Spirrison and Simeon Spirrison of Adelphia Properties represented the undisclosed seller in the transaction. The buyer was a private investor based locally.
CHICAGO — Cushman & Wakefield has brokered a 29,079-square-foot office lease at 200 W. Monroe for Chicago-based Civis Analytics, a provider of data science software and services. Civis has grown from 15 employees in 2013 to 120 today, and plans to add at least 75 jobs in 2016. The company, which is relocating, will begin occupying its new office space at 200 W. Monroe in August. The property is a 23-story office tower located in Chicago’s West Loop submarket. Recent renovations to the building include a modernized lobby and conference center. In addition to the upgrades, the building offers amenities such as a gym and restaurants. Cushman & Wakefield’s Steve Schneider, Bill Starcevich and Jake Hagelow led the transaction.
CHICAGO — Interra Realty has brokered the sale of an apartment building in Chicago’s Wicker Park neighborhood for $2.3 million at a 6.2 percent cap rate. The Interra team of Ted Stratman and Jeremy Morton were hired by the seller to market the apartment building. The five-unit property, located at 2144 W. Potomac Ave., was recently renovated with new porches, heating and air conditioning, granite countertops, stainless steel appliances, hardwood floors, electrical updates and copper plumbing.
CAROL STREAM, ILL. — SVN | Chicago Commercial has brokered the $1.8 million sale of Elk Trail Center, a 16,299-square-foot shopping center located at 257-81 Elk Trail Road in Carol Stream, a village in DuPage County roughly 33 miles west of Chicago. Tim Franz of SVN | Chicago Commercial represented the undisclosed seller in the transaction. The buyer was an out-of-state entity. Elk Trail Center’s tenant roster includes Allstate Insurance, Maytag Laundromat, Papa Ray’s Pizza, Sul Realty, White Bridge Cleaners, Village View Barber Shop and the Carol Stream Food Mart.
BARTLETT, ILL. — Meridian Design Build has broken ground on a 67,080-square-foot build-to-suit for Traffic Control & Protection on a 9.5-acre site within Abbott Land & Investment’s Blue Heron Business Park in Bartlett, Ill. Traffic Control & Protection provides traffic signs and other traffic control products. The new facility will include a 10,000-square-foot office/employee facility area, a 13,000-square-foot sign shop/silk screen area, a barricade shop and seven interior vehicle maintenance bays. Construction at the site is underway with occupancy scheduled for the fourth quarter of this year. Harris Architects has been retained by Traffic Control & Protection to provide architectural and structural design services. Mackie Consultants is providing civil design services for the project. Dan Flanagan of Flanagan Realty represented Traffic Control & Protection in the selection and acquisition of the site and coordinated overall planning and approval efforts for the project.
AURORA, ILL. — Transwestern has represented Centor North America Inc. in a 62,662-square-foot headquarters lease at 966 Corporate Blvd., a 238,604-square-foot multi-tenant warehouse in Aurora, Ill. Centor, a manufacturer of integrated doors for residential homes as well as folding doors, hardware and screen/blind systems, plans to relocate to the new facility from its current headquarters in Batavia on Oct. 1. Michael Marconi, Justin Lerner and Joe Karmin of Transwestern represented the tenant in the transaction. Completed in 2015, 966 Corporate Blvd. is LEED-certified and includes 32-foot ceilings, seven exterior docks, one drive-in door and 41 trailer stalls. Centor will use tenant improvement funds secured by Transwestern to complete the build-out of its space, which includes a state-of-the-art showroom and corporate offices.
CHICAGO — Sonnenblick-Eichner Co. has arranged a $47.5 million loan to refinance the office and retail component of a 21-story building at 208 S. LaSalle St. in Chicago. The 1.1 million-square-foot, mixed-use building is located in the financial district. Michael Reschke of The Prime Group Inc. is the property owner. The loan is secured by five floors (13-17) of office space totaling 207,953 square feet and 11,379 square feet of street-level retail space, which is collectively 94 percent leased. The first 12 floors are occupied by a 610-room JW Marriott hotel. Neither the hotel nor the top four office floors were part of the collateral. The seven-year, non-recourse financing was funded by an affiliate of Guggenheim Commercial Real Estate Finance. The loan refinanced a $35 million mortgage that was a part of a $321 million facility Sonnenblick-Eichner Co. arranged for the ownership two years ago. The deal was comprised of four different loans and included first mortgage debt and mezzanine financing. The property, built in 1914 as the headquarters for the Continental and Commercial National Bank, was designed by Daniel Burnham and added to the National Register of Historic Places in 2007.
NORTHFIELD, ILL. — Reed Construction will complete a 545,000-square-foot renovation and build-out for Medline Industries Inc. in Northfield, approximately 20 miles northwest of Chicago. Medline, a global medical supply manufacturer and distributer, will relocate its headquarters to the facility, which was the former headquarters for Kraft Foods. Medline’s current headquarters in Mundelein, Ill., will stay open for the next several years. The renovation will include interior demolition and a rebuild of the existing space, followed by construction of new offices, meeting rooms, break areas and more. The construction is slated for completion this November. Partners by Design is providing architectural services, and MB Real Estate is representing the owner.
NORTH RIVERSIDE, ILL. — The Illinois St. Andrew Society has completed construction of The Caledonian House, a 20-unit memory care building in the Chicago suburb of North Riverside. The St. Andrew Society is the nonprofit operator of The Scottish Home assisted living and skilled nursing community. The Caledonian House is located on the community’s five-acre campus and will offer the first memory care services at the community.
CHICAGO — Marcus & Millichap has brokered the sale of a seven-unit apartment building in downtown Chicago for $1.6 million. A private owner sold the asset, which is located at 1953 N. Cleveland Ave., to Laramar Group. The property features hardwood floors, French doors, porches and a new water heater and boiler. Kyle Stengle and Joseph Bergman of Marcus & Millichap listed the property on behalf of the seller and procured the buyer.