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.
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.
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.
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.
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.
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.
ELMWOOD PARK, ILL. — Marcus & Millichap has brokered the sale of an apartment building located at 2646-50 N. Harlem Ave. in Elmwood Park. The 12-unit property sold for $850,000. The property consists of two one-bedroom/one-bath units, two two-bedroom/one-bath units and eight two-bedroom/one-bath units. Andrean Angelov, Ryan Engle and Jordan Gilbert of Marcus & Millichap’s Chicago Oak Brook office represented the seller, a private investor, and secured the buyer, a limited liability company, in the transaction.
RIVER FOREST, ILL. — Mid-America Asset Management Inc. has brokered a 28,220-square-foot retail lease at 7501 W. North Ave. in River Forest. Fresh Thyme Farmers Market, a natural grocer, will occupy the space, a former Dominick’s supermarket location. Mike George and Richard Spinell of Mid-America represented the landlord, while Andy Robbins and Al Rodenbostel of ARCORE Real Estate Group represented the tenant in the lease transaction.
STREAMWOOD, ILL. — The Opus Group and USAA Real Estate Co. have unveiled plans for a 423,725-square-foot speculative industrial building located at 10 Falcon Court in Streamwood, approximately 35 miles northwest of Chicago. Located on 35 acres just off the Elgin O’Hare Expressway, the cross-docked warehouse will offer 32-foot clear heights, up to 88 exterior truck docks, up to 117 trailer parking stalls and 193 parking spaces with room for expansion. The site also offers quick access to O’Hare International Airport. Construction is expected to start this month and be completed by the end of this year.
DENVER — Baceline Investments LLC has acquired 10 neighborhood retail centers totaling 418,000 square feet in the Midwest and Mid-South for $33.3 million. It is the largest transaction in the history of the Denver-based private equity real estate firm. The portfolio will be part of Baceline’s high-yield income strategy designed to produce substantial income through the ownership of stable, cash-flowing commercial real estate. The acquired properties include: • Park Center, a 105,032-square-foot center in Memphis, Tenn.; • Shoppes of Loveland, a 64,607-square-foot center in Loveland, Ohio, near Cincinnati; • Towne Square, a 55,168-square-foot center in Florence, Ky., near Cincinnati; • Mainline Plaza, a 42,182-square-foot center in Belleville, Ill., near St. Louis; • Fort Plaza, a 39,994-square-foot center in Omaha, Neb.; • Weber Place, a 38,802-square-foot center in Omaha, Neb. • Midway Plaza, a 27,200-square-foot center in Fairview Heights, Ill. near St. Louis; • Noland View, an 18,480-square-foot center in Independence, Mo. near Kansas City; • Holly Hills, a 16,847-square-foot center in St. Louis; • Eagle Creek, a 9,239-square-foot center in Indianapolis.
