BEDFORD PARK, ILL. — Paine/Wetzel TCN Worldwide has arranged a 17,000-square-foot industrial lease in Bedford Park, a suburb of Chicago. Midway Window and Door will occupy space located at 5123 W. 65th St. The door and window manufacturer recently expanded into this second Bedford Park location. Midway Window and Door selected the location for its proximity to its main plant located at 6750 S. Belt Circle Road in Bedford Park. Bill Kerrins of Paine/Wetzel represented the tenant. Mumford Property, the building’s landlord, was self-represented.
BUFFALO GROVE, ILL. — Molto Properties has acquired 351 Hastings, a 68,735-square-foot industrial building in Buffalo Grove. This is the first existing asset acquisition for its newly launched Molto Properties Fund II. JLL’s Kurt Sarbaugh and Robin Stolberg sourced the opportunity and approached Molto Properties with the transaction. A private investor was the seller. The property is located in the Chevy Chase Business Park north of Lake Cook Road and west of Milwaukee Avenue near the Chevy Chase Country Club. The industrial property features a 24-foot ceiling height, ample car parking, six exterior docks and five drive-in doors.
CHICAGO — Marcus & Millichap has brokered the $4.9 million sale of a 9,217-square-foot retail property in Chicago. The property is located at 1250 S. Michigan Ave. Located in Chicago’s South Loop, the multi-tenant retail property is situated on the ground floor of a 29-story condominium tower. Sean Sharko, Alan Katamanin and Austin Weisenbeck of Marcus & Millichap’s Chicago Oak Brook office represented the seller, a limited liability company, and the buyer, another limited liability company.
CHICAGO — Chicago Real Estate Resources has arranged the sale of a retail property in Chicago. The three storefronts totaled 3,828 square feet, two of which were leased at the time of sale to Snippet’s Mini-Cuts and Edible Arrangements. The property is located at 3722-26 N. Southport Ave., in Lakeview’s Southport Retail Corridor Nate Gautsche of Chicago Real Estate Resources’ commercial office represented the local buyer in the acquisition of the value-add retail property.
CHICAGO — Paine/Wetzel TCN Worldwide has brokered the sale of a 21,750-square-foot industrial building located in the southwest side of Chicago. Vogue Cleaners, a commercial laundry company, is expanding its business and has purchased the property located at 2643 W. 19th St. for an undisclosed sales price. The building includes 17-foot ceiling heights and ample truck loading and vehicle parking spaces. The building has three-phase electrical power and a land site of 40,000 square feet for building expansion and parking. Ed Wabick and Al Schulman of Paine/Wetzel TCN Worldwide represented the seller, B& J Wire Inc., in the transaction. The buyer was self-represented.
CHICAGO — @properties Commercial recently brokered the $3.6 million sale of a 22,500-square-foot mixed-use property in Chicago’s Lincoln Park neighborhood. The property is located at 2477-2501 N. Clybourn Ave. The property, which was owned by C. Maxwell LLC, occupies six city lots and currently includes four residential buildings, a commercial storefront and a vacant lot. Rebecca Lundstrom of @properties Commercial represented the buyer, a private investor who intends to redevelop the property.
WAUKEGAN, ILL. — Bridge Development Partners LLC is redeveloping the former 225-acre Cardinal Health Inc. campus in Waukegan. The industrial park is located at Waukegan Road. The site can accommodate up to 2.8 million square feet of industrial facilities. The campus lies between Route 137/Buckley Road and Route 120/Belvidere Road, immediately off I-94. The project is a joint venture of Bridge Development Partners, Hunt Realty Investments, Wanxiang America Real Estate Group and Globe Corp. Bridge will begin demolition of existing structures and commence park infrastructure work immediately. Phase I will consist of two speculative facilities totaling 625,600 square feet and 400,500 square feet, which will be available for delivery by the fourth quarter of this year. In addition to the first phase of development, the park will feature approximately 100 acres of land, with sites that can accommodate industrial facilities ranging from 40,000 to 1 million square feet. Dublin, Ohio-based Cardinal Health sold the property. The park was founded by American Hospital Supply in the late 1960s and was previously home to Baxter Healthcare and Allegiance Healthcare prior to Cardinal’s acquisition. CBRE’s Keith Puritz, Brett Kroner, Zach Graham and Ryan Bain were the sole brokers in the transaction.
CHICAGO — Interra Realty has arranged the $2.2 million sale of three multifamily properties in Chicago. The properties include an eight-unit, walk-up property located at 5417-19 S. Drexel in Hyde Park, which sold for $1.06 million; a four-unit apartment building located at 1900 W. Oakdale in the Lake View neighborhood, which sold for $750,000; and a vacant 12-unit building located at 4034-42 W. Palmer in the Hermosa neighborhood, which sold for $430,000. Brad Feldman of Interra Realty represented the undisclosed buyers and sellers in all three deals.
ST. CHARLES, ILL. — The Boulder Group has brokered the $2 million sale of a single-tenant, net lease On The Border restaurant property in St. Charles. The property is located at 3050 E. Main St. The 6,488-square-foot building is adjacent to The Quad St. Charles Mall. Von Maur, Carson Pirie Scott and Kohl’s anchor the 775,000-square-foot mall. On The Border has fifteen years remaining on its recently signed absolute-net-lease. Randy Blankstein and Jimmy Goodman of The Boulder Group represented both the buyer and seller. The buyer was a private high net-worth investor based in the Midwest. A Southeast-based private investment firm sold the property. On The Border is a privately owned Tex-Mex casual dining restaurant that operates more than 160 locations.
CHICAGO — I.M. Construction Group will complete a 10,000-square-foot office renovation on behalf of the Belgravia Group Ltd. at 1101 W. Monroe in Chicago. IMCG was selected to complete the demolition and build-out of two complete floors at the property for Belgravia’s new offices. Belgravia Group develops residential, mixed-use and retail properties. The firm owns and manages 1101 W. Monroe and is relocating its offices from River North to this new location. Construction includes the addition of private offices, conference rooms, break rooms and open work areas. The new space will feature traditional loft styling including high ceilings with exposed timber and brick walls. Belgravia is expected to take occupancy of the new space in spring 2015. Bob Nomellini, president of IMCG, is the project executive leading the construction team. Len Corso is serving as the project superintendent. Hirsch Associates is providing architectural services for the project.