WOODRIDGE, ILL. — ML Realty Partners has secured a lease agreement with Rowan Electric Appliance LLC for a newly constructed industrial building totaling 132,892 square feet in Woodridge. The tenant will utilize the facility for warehousing and distribution of household refrigeration and heating appliances. The property features a clear height of 32 feet, 38 exterior truck docks and two drive-in doors. Alex Zhang of Topsky Realty Inc. and Pengfei Zhang of Cloudup Realty LLC represented the tenant, while Mark Moran, Dan Leahy and John Whitehad of NAI Hiffman represented the landlord.
Illinois
CHICAGO — SVN Chicago Commercial has brokered the $1.4 million sale of an apartment building located at 1329 W. 18th St. in Chicago’s Pilsen neighborhood. The asset features five recently rehabbed apartment units, rear garage parking and a newly signed retail lease with a five-year term. SVN’s Cawthon-Labriola Group represented both the out-of-state buyer and the seller.
ELMHURST, ILL. — Related Products, a packaging company, has signed a 4,800-square-foot industrial lease at 736-778 Industrial Drive in the Chicago suburb of Elmhurst. Dustin Albers of Lee & Associates represented the tenant. The property owner, Value Industrial Partners LLC, was self-represented.
FOREST PARK, ILL. — Eastham Capital has sold Central Park Apartments in Park Forest, a southern suburb of Chicago, for $23.2 million. Eastham acquired the 220-unit property for the portfolio of Eastham Capital Fund V LP in partnership with Bender Cos. in September 2019. At the time, Central Park Apartments marked the second collaboration between Eastham and Bender. To date, the companies have co-invested in 10 properties. Over the six-year hold period, ownership completed exterior renovations to Central Park Apartments, including parking lot resurfacing, sidewalk repairs and patio concrete upgrades. The property averaged more than 97 percent occupancy during the ownership period. The community at 11 Fir St. features a mix of one-bedroom units as well as two- and three-bedroom townhomes ranging from 724 to 1,326 square feet.
MOUNT VERNON, ILL. — Contegra Construction has completed a 100,000-square-foot manufacturing facility for PVC-maker Manner Polymers in Mount Vernon. The solar-powered facility is located on a 30-acre site at 401 Fountain Place Drive near I-57 and I-64. McKinney, Texas-based Manner Polymers installed and integrated its advanced manufacturing equipment and systems for producing flexible PVC compounds. Once fully operational, the plant is expected to increase the company’s production capacity by 100 million pounds. Powered by a roof-mounted solar array and a 15-acre solar field, the project is anticipated to create more than 60 new jobs. The facility features 11 dock doors, three drive-in doors and 5,000 square feet of office space. Contegra led the design-build team that included architect Gray Design Group and structural engineer Alper Audi. The design-build subcontractor team included Jarrell Mechanical, Haier Plumbing, Bi-State Fire Protection and Clinton Electric.
CHICAGO — Waterton has acquired The Mason, a 263-unit, 14-story apartment building located at 180 N. Ada St. in Chicago’s Fulton Market district. The purchase price was nearly $90 million, according to CoStar. Units come in studio, one-, two- and three-bedroom layouts. Waterton plans to implement a light value-add program, including in-unit flooring upgrades and enhancements to common areas and amenity spaces. The Mason’s amenities include a rooftop deck, pool deck, fitness center, remote work space, a dog wash and dog run.
JOLIET, ILL. — Mapletree Investments has acquired a 29.4-acre site at 1035 W. Laraway Road in Joliet with plans to develop a logistics facility totaling 418,880 square feet. The transaction marks the company’s second acquisition in Joliet this year, following the May purchase of an 18.1-acre site at 3600 Houbolt Road where it will build a 276,000-square-foot warehouse. Both sites provide direct connectivity to the Joliet Intermodal Center — North America’s largest inland port — home to both the Union Pacific and BNSF Joliet Intermodal Terminals. The Laraway Road project will feature a clear height of 40 feet, 80 dock doors, 100 trailer stalls and 172 car parking spaces. Matthew Stauber and Steve Ostrowski of Colliers represented the seller and worked directly with Mapletree to secure the transaction. Mapletree currently owns and manages more than 10 million square feet of industrial assets in the Chicago market.
ADDISON, ILL. — Lee & Associates of Illinois has negotiated the $1.9 million sale of a 15,524-square-foot warehouse and distribution building in Addison. Jay Farnam and Peter Spear of Lee & Associates represented the buyer, Wahid Properties LLC, which will occupy the facility. Transwestern Real Estate Services represented the seller, Liberty Partners.
DOWNERS GROVE, ILL. — Conor Commercial Real Estate and LCI Development Partners, in partnership with Bailard, have unveiled plans to develop a 138-unit luxury apartment complex in the Chicago suburb of Downers Grove. The six-story project at 750 Curtiss St. will be a three-minute walk to the Main Street Metra Station and two blocks from the Main Street commercial corridor. Units will average 851 square feet. Amenities will include a coffee bar, clubroom, fitness center, coworking hubs, a pool, dog wash and parking garage. The project team includes SGW Architecture & Design and McShane Construction Co. Completion is slated for spring 2027.
CHICAGO — Lee & Associates of Illinois has negotiated a 4,500-square-foot restaurant lease at 2535 N. Milwaukee Ave. in Chicago’s Logan Square neighborhood. The tenant, ManSun, is an authentic Korean restaurant. This will be the proprietor’s second restaurant, following New Village Gastro Pub in Northbrook. Rick Scardino and Michael Petrik of Lee & Associates represented the tenant in the lease. Amanda Shafer of Emerging Concepts represented the landlord, an entity doing business as 2M Square FB LLC.