Illinois

Kraft Heinz Co. Signs New Long-Term Office Lease at Aon Center in Downtown Chicago

by Jonathan Mehall July 20, 2015

CHICAGO — Piedmont Office Realty Trust Inc. has signed Kraft Heinz Co. to a 170,000-square-foot lease at Aon Center, located at 200 E. Randolph St. in downtown Chicago. The new lease at the trophy tower extends through 2029. After recently completing the merger of Kraft Foods Group and H.J. Heinz Co., the global food and beverage giant will relocate its Chicago headquarters from Northfield, Ill., to five floors of the 83-story building. The company will be co-headquartered in Pittsburgh, Pa. Ned Franke and Steve Holmberg of Cushman & Wakefield represented the tenant in the transaction. Steve Smith and Mark Georgas of JLL, along with Tom Prescott and Alex Valente of Piedmont, facilitated negotiations on behalf of the owner.

July 20, 2015

Illinois Midwest Retail

Baum Realty Brokers Sale of Retail Center for $2.3M in Evanston, Ill.

by Jonathan Mehall July 20, 2015

EVANSTON, ILL. — Baum Realty Group LLC brokered the sale of a multi-tenant retail strip center in Evanston for $2.3 million. The site is located at 3330 Central St. in Evanston, 14 miles north of Chicago. The 3,235-square-foot strip center is divided into three suites and was 100 percent occupied at the time of the purchase. Several tenants include Starbucks, Subway and Kenny the Kleeners. A private out-of-state investor purchased the property. Greg Dietz and Danny Spietz of Baum Realty represented the private seller.

July 20, 2015

Illinois Industrial Midwest Office

GlenStar Begins Rooftop Construction on Chicago Board of Trade Building

by Jonathan Mehall July 16, 2015

CHICAGO — Owner and developer GlenStar Properties has begun construction on a new rooftop terrace on the 23rd floor of the Chicago Board of Trade Building complex. The 4,300-square-foot deck will be located on the east side of the south building. It will accommodate up to 150 guests and feature a 20-foot illuminated water wall with bubblers, a 10-foot illuminated planter with bubbler, Cozumel curver sofas and sectionals, leather benches and wood deck tiling. The project is slated for completion later this year. Since acquiring the building, GlenStar has embarked on a significant capital campaign aimed at breathing new life into the landmark property and attracting a more diverse tenant base.

July 16, 2015

Illinois Midwest Office

CBRE Assists University of Illinois in Lease Renewal, Expansion in Chicago

by Jonathan Mehall July 15, 2015

CHICAGO — The University of Illinois has expanded its lease at 200 S. Wacker in Chicago from 42,000 square feet to 44,000 square feet under terms of a 10-year renewal with building owner John Hancock Real Estate. The university’s Illini Center includes programs for university development, career services, fundraising and the Executive MBA and Masters in Tax Programs. Geoff Euston and Matt Dobry of CBRE represented the university in the transaction. Daniel Shapiro of John Hancock Real Estate represented the owner.

July 15, 2015

Illinois Midwest Retail

Adelphia Brokers Sale of 3,400 SF Retail Building in Glen Ellyn, Ill.

by Jonathan Mehall July 15, 2015

GLEN ELLYN, ILL. — Adelphia Properties has brokered the sale of a 3,400-square-foot freestanding retail building in Glen Ellyn. The vacant building is located on three-quarters of an acre at 369 Roosevelt Road in Glen Ellyn, 27 miles west of Chicago. The property sold for $750,000. Adelphia Properties’ Simeon Spirrison represented the seller, a private investor. George Spirrison of Adelphia represented the private buyer.

July 15, 2015

Healthcare Illinois Midwest

Reed Construction to Remodel Acute Care Rehabilitation Center At Hospital in Metro Chicago

by Jonathan Mehall July 14, 2015

BERWYN, ILL. — Reed Construction will begin work this month on a remodeling of the Acute Care Rehabilitation Center at MacNeal Hospital in Berwyn, approximately 10 miles southwest of Chicago. The 427-bed medical facility is located at 3249 South Oak Park Ave. The project, which spans 11,250 square feet, will include updates to the mechanical, electrical and plumbing systems along with all the finishes. The project also involves upgrading a major portion of the base bid electrical infrastructure. Completion is scheduled for early September. Rich Melone, senior project manager, is leading the construction team for Reed. MRF Ltd. of Western Springs, Ill., is providing architectural services. Boca Raton, Fla.-based In.design Inc. is providing interior design services. MacNeal Hospital serves the medical needs of more than 1 million people in the near west and southwest suburbs of Chicago.

July 14, 2015

Illinois Midwest Office

Bradford Allen Arranges 11,133 SF Office Lease in Downtown Chicago

by Jonathan Mehall July 14, 2015

CHICAGO — Bradford Allen Realty Services has arranged an 11,133-square-foot office lease for Synthesis Technology in downtown Chicago. The technology firm is relocating from 820 W. Jackson St., where it occupied 7,200 square feet, to the 20th floor of 135 S. LaSalle St., a Class A, 44-story office tower. Craig Nadborne of Bradford Allen represented Synthesis Technology in lease negotiations and Melissa Rubenstein and John Beason of JLL represented the landlord. This is the fifth transaction in 17 years that Nadborne has completed for Synthesis Technology.

July 14, 2015

Hospitality Illinois Midwest

First Hospitality Group Completes Renovation of Hampton Inn & Suites in Central Illinois

by Jonathan Mehall July 13, 2015

NORMAL, ILL. — First Hospitality Group Inc. has completed the renovation of Hampton Inn & Suites of Bloomington-Normal in Normal. Located at 320 S. Towanda Ave., the hotel is within the Shoppes at College Hills, minutes north of downtown Bloomington, Illinois State University, Illinois Wesleyan University and Mitsubishi Motors North American Headquarters. During the six-month renovation project that began late last year, interior features were updated throughout the property, including new carpet and wall vinyl. All of the 128 guestrooms were appointed with new sofas, desk chairs, mattresses, box springs and bedding. Starwood Capital Group owns the hotel, which is managed by First Hospitality Group.

July 13, 2015

Civic Illinois Midwest

Construction on New Police Headquarters Begins in Belleville, Ill.

by Jonathan Mehall July 13, 2015

BELLEVILLE, ILL. —Impact Strategies has begun construction on a new police headquarters in the City of Belleville, approximately 17 miles southeast of St. Louis, Mo. The station will be located at 720 W. Main St., previously occupied by the Bank of Belleville building. The facility will include a forensics lab, dispatch center, sally port and a community classroom able to accommodate 60 people. Construction plans for the 44,000-square-foot station also include a secured evidence storage area and dedicated storm areas that allow for increased safety for employees and prisoners. Impact Strategies will also construct a new, freestanding parking garage adjacent to the police headquarters. The garage is designed to hold 46 police cruisers and will include a mechanics area for city vehicles. Construction is expected to be complete in the spring of 2016.

July 13, 2015

Hospitality Illinois Midwest

Hostmark Hospitality Will Operate Dual-Branded Hotel in Chicago

by Jonathan Mehall July 10, 2015

CHICAGO — Hostmark Hospitality Group has been selected to operate a Hilton dual-branded hotel in Chicago’s West Loop neighborhood at 118 N. Jefferson St. The 210-room Hampton Inn and 126-room Homewood Suites, which are currently under construction, will open in the fall of 2016. Each hotel will have its own lobby. The Hampton Inn/Homewood Suites will be within close distance of the Illinois Medical District and offers easy access to I-90/94.

July 10, 2015

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