Illinois

Entre Arranges 30,000 SF Lease in Buffalo Grove, Ill.

by Danielle Everson January 26, 2015

BUFFALO GROVE, ILL. — Entre Commercial Realty has arranged the lease of a 30,000-square-foot industrial building in Buffalo Grove, approximately 33 miles northwest of Chicago. Illinois Masonry Corp. will occupy space located at 1051 Commerce Court. The masonry company is relocating from its current Lake Zurich location to the Northern Builders Buffalo Grove property. The freestanding building features 3,765 square feet of office, a 26.5-foot clear ceiling height, three exterior docks, one drive-in door, and a fenced and secured truck parking lot. In addition to providing a more optimal location for its employees, the site is closer to the interstates. David Bercu and Brendan Green of Colliers International represented the building owner, Northern Builders. Brian Bocci of the firm represented Illinois Masonry Corp.

January 26, 2015

Illinois Industrial Midwest

Darwin Arranges Sale of 437,910 SF Industrial Building in Bedford Park, Ill.

by Danielle Everson January 26, 2015

BEDFORD PARK, ILL. — Darwin Realty & Development Corp. has arranged the sale of a 437,910-square-foot industrial facility in Bedford Park, a suburb of Chicago. The property is located at 7035 W. 65th St. The buyer, Professional Freezing Services, is relocating and expanding from its current location on 44th St. in Chicago. The firm plans to demolish the existing facility in Bedford Park and build a new, state-of-the-art, 150,000-square-foot freezer/cooler facility on the site, which is in close proximity to I-55 at Harlem and 1st avenues. Adam Haefner and George Cibula of Darwin represented both the buyer and the private seller.

January 26, 2015

Illinois Midwest Office Retail

JLL Income Property Trust Acquires Parking Garage in Chicago’s River North Area

by Danielle Everson January 26, 2015

CHICAGO — Jones Lang LaSalle Income Property Trust Inc. has acquired a six-story, 366-stall parking garage known as Ohio Ontario Self Park in Chicago for $16.9 million. The parking garage is a component of the mixed-use development located at 33 W. Ontario Street in Chicago’s River North area. The development includes a 59-story, 364-unit condominium tower with its own deeded parking and ground level retail. In conjunction with the acquisition, JLL Income Property Trust entered into a lease with a subsidiary of Imperial Parking, a firm founded in Vancouver in 1962.

January 26, 2015

Illinois Midwest Retail

Mid-America Real Estate Brokers Sale of Carillon Court in Romeoville, Ill.

by Danielle Everson January 22, 2015

ROMEOVILLE, ILL. — Mid-America Real Estate Corp. has brokered the sale of a 29,209-square-foot shopping center in Romeoville, a suburb of Chicago. Scottsdale-based Sand Capital purchased the property located at the northwest corner of 135th and Weber Road. Carillon Court features Allstate Insurance, Comcast, Stella’s Bar & Grill and Essential Chiropractic Center. Carly Gallagher and Ben Wineman of Mid-America brokered the transaction on behalf of a Chicago-based bank.

January 22, 2015

Illinois Indiana Michigan Midwest Nebraska Ohio

KeyBank Arranges $334.4M Loan for National Assisted Living Portfolio

by Danielle Everson January 21, 2015

CHICAGO — KeyBank Real Estate Capital has arranged a $334.4 million Fannie Mae credit facility for Enlivant, a Chicago-based owner and operator of senior care facilities across the United States. The loan was arranged for 54 assisted living properties in 12 states including Iowa, Indiana, Kentucky, Michigan, Nebraska, New Jersey, Ohio, Pennsylvania, South Carolina, Texas, Washington and Wisconsin. The new loan structure provides Enlivant with access to growth capital at attractive rates during the 10-year term. Key’s Healthcare Mortgage Banking Team was led by Carolyn Nazdin and Charlie Shoop and worked in conjunction with Fannie Mae to originate and close the loan in less than 60 days.

January 21, 2015

Hospitality Illinois Midwest

First Virgin Hotel Opens in Chicago

by Danielle Everson January 21, 2015

CHICAGO — The Virgin Group has opened its first property, Virgin Hotels Chicago. The new hotel brand will join a portfolio of hospitality companies led by Virgin Group and its founder, Sir Richard Branson. Virgin Hotels Chicago is located in Chicago’s Loop district in the historic Old Dearborn Bank Building at 203 N. Wasbash Ave. The 26-story Art Deco building includes 250 guestrooms, including 40 one-bedroom suites and two penthouse suites. All guestrooms are divided into two spaces by sliding doors. The dressing rooms include a full vanity, make-up desk and mirror, an extra-large shower with a bench and his and hers closets. Several of the building’s original features remain intact and are showcased throughout. Some of those include a 1920s oak cigar bar that serves as the hotel’s front desk, ornate brass elevator doors and an original mail slot and chute. Virgin Hotels plans to open a second location in Nashville in the summer of 2016 and a third property in New York City in 2017. The team will announce two additional locations by the end of 2016, with the brand planning to open 20 locations by 2025.

January 21, 2015

Illinois Midwest Retail

Adelphia Properties’ Brokers Sale of 5,000 SF Retail Property

by Danielle Everson January 21, 2015

DOWNERS GROVE, ILL. — Adelphia Properties has brokered the $450,000 sale of a 5,000-square-foot freestanding retail building in Downers Grove. The property, which formerly housed Play It Again Sports, is located at 1628 Ogden Ave. George Spirrison and Simeon Spirrison of Adelphia Properties represented the seller, a private investor. Another private investor purchased the property at its full list price.

January 21, 2015

Illinois Midwest Office

J.C. Anderson Completes 82,000 SF Office Renovations in Chicago

by Danielle Everson January 20, 2015

CHICAGO — J.C. Anderson Inc. has completed an 82,000-square-foot office build-out for Havas Worldwide at 36 E. Grand Ave. in Chicago. The project included renovating the entire third and fourth floors to create an open floor plan. Features of the new space include 17-foot exposed ceilings, a winding staircase to connect the two floors as well as high-end finishes throughout. J.C. Anderson installed a “town hall” area for full company gatherings with expandable bleachers, a broadcast studio, spray-painting station and in-office bike racks. The firm also coordinated the installation of a state-of-the-art AV system throughout the office. Project Executive, Seth Erlich, led the construction team along with Darrel Panfil as project superintendent. Gary Lee Partners provided the architectural services and the construction manager was Mace North America. Founded in 1991, Havas Worldwide is an integrated marketing communications agency headquartered in New York.

January 20, 2015

Illinois Midwest Retail

Quantum Real Estate Advisors Brokers $3.7M Sale of Shopping Center in Belvidere, Ill.

by Danielle Everson January 20, 2015

BELVIDERE, ILL. — Quantum Real Estate Advisors Inc. has brokered the $3.7 million sale of a 23,959-square-foot shopping center in Belvidere. Landmark Crossings is located at 744-782 Beloit Road. The multi-tenant retail building is fully leased to national and local tenants. The seller was a Rockford, Ill.-based development group. A Chicago-based private real estate investor purchased the property. Chad Firsel of Quantum represented the seller in the transaction.

January 20, 2015

Illinois Midwest Retail

Mid-America Real Estate Arranges $2M Sale of Retail Property in Chicago

by Danielle Everson January 20, 2015

CHICAGO — Mid-America Real Estate Corp. has arranged the $2 million sale of The Columbian Retail Shops in Chicago. Chicago-based Newcastle Limited purchased the 6,600-square-foot, two-tenant retail property for $2 million. The Columbian Retail Shops is located at the northwest corner of S. Michigan Ave. and E. Roosevelt Road. The center features retailers Burger Bar and Elements Therapeutic Massage.Joe Girardi and Carly Gallagher of Mid-America were the exclusive brokers in the transaction on behalf of Boston-based Long Wharf Real Estate Partners LLC.

January 20, 2015

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