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IllinoisLeasing ActivityMidwestOffice

Clayco, Prime Group Ink 75,633 SF of Office Leases at Chicago’s Historic Jewelers Building

by Kristin Harlow

CHICAGO — Clayco and its development subsidiary CRG, along with The Prime Group Inc., have inked 75,633 square feet of new leasing activity at the historic 35 E. Wacker Drive, known as The Jewelers Building in Chicago. Madison Rose has led the leasing efforts. The latest activity includes a 25,445-square-foot headquarters relocation by Sheridan Capital Partners, a 21,664-square-foot expansion by Clayco/CRG and a 21,666-square-foot renewal by architecture firm SmithGroup. JLL’s Pat Schenk and Bill Rogers represented Sheridan Capital Partners, a private equity firm focused on healthcare investments that is relocating from the Wrigley Building. Clayco expanded its footprint to 91,785 square feet and extended its lease term to 2035. The Jewelers Building has served as Clayco’s Chicago headquarters for more than 15 years. SmithGroup renewed its lease in a multi-year deal. Other recent renewals that bring the total to 75,633 square feet include Aprio and Selective Search. The Jewelers Building was constructed in 1926. Recent renovations to the building include new high-efficiency building systems and sustainability features. Amenities include a conference center, fitness facility and private parking garage.

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DevelopmentIllinoisMidwestMultifamily

PREMIER Design + Build Group Breaks Ground on 573-Unit Multifamily Development in Joliet, Illinois

by Kristin Harlow

JOLIET, ILL. — PREMIER Design + Build Group has broken ground on The View at Rock Run Collection, a 573-unit multifamily project in Joliet. Cullinan Properties is the developer. The View is part of the larger 310-acre Rock Run Collection mixed-use development. The View will feature 14 three-story, garden-style buildings across 30 acres. Amenities will include an outdoor pool, entertainment area, volleyball court, yoga platform, bocce ball court, cabana building and gym. Phase I of The View will include three residential buildings totaling 264 units along with a freestanding clubhouse building, three parking garages, retention ponds and additional infrastructure work. Humphreys & Partners Architects LP is the project architect.

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IllinoisIndustrialLeasing ActivityLee & AssociatesMidwest

Charlene Products Signs 26,886 SF Industrial Lease in Bolingbrook, Illinois

by Kristin Harlow

BOLINGBROOK, ILL. — Charlene Products Inc., a beauty industry supplier, has signed a 26,886-square-foot industrial lease at 905 Carlow Drive in the Chicago suburb of Bolingbrook. Link Logistics owns the 256,070-square-foot building. Terry Grapenthin and Ryan Earley of Lee & Associates of Illinois represented the tenant, which is relocating and expanding from its prior location in Plainfield.

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IllinoisIndustrialLeasing ActivityMidwest

Brown Commercial Group Secures 60,050 SF Industrial Lease in Bartlett, Illinois

by Kristin Harlow

BARTLETT, ILL. — Brown Commercial Group has negotiated a 60,050-square-foot industrial lease at a newly constructed facility in the Chicago suburb of Bartlett. The tenant, Illinois Tool Works (ITW), has leased space at Blue Heron Business Park’s newest speculative building, which totals 166,573 square feet. Dan Brown and Mike Antonelli of Brown Commercial represented the developer and owner, Cratos Industrial. Dan Brown also represented Cratos in its original land purchase in 2024 and was retained as the leasing agent for the development. Bruce McConnell of Savills represented ITW.

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AcquisitionsIllinoisIndustrialMidwest

Quantum Brokers $4.5M Sale of Flex Industrial Building in Northbrook, Illinois

by Kristin Harlow

NORTHBROOK, ILL. — Quantum Real Estate Advisors Inc. has brokered the $4.5 million sale of a 56,219-square-foot flex industrial building in the Chicago suburb of Northbrook. At the time of sale, the property on Techny Court was 82 percent leased. A private investor based in the northern suburbs of Chicago sold the asset to an affiliate of Core Acquisitions, a real estate investment and development firm based in Illinois. Brett Berlin and Max Himel of Quantum brokered the sale.

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AcquisitionsHealthcareIllinoisMidwest

Marcus & Millichap Arranges $2.5M Sale of Medical Office Property in Metro Chicago

by Kristin Harlow

LIBERTYVILLE, ILL. — Marcus & Millichap has arranged the $2.5 million sale of a medical office property net leased to Forefront Dermatology in the Chicago suburb of Libertyville. Originally built in 1996 as a Burger King, the 6,300-square-foot building underwent a full renovation in 2018 and an expansion in 2022 to accommodate the seller’s wife’s dermatology practice, which was later acquired by Forefront Dermatology. The asset is located at 1234 N. Milwaukee Ave. Daniel Chumbley, Sean Sharko and Austin Weisenbeck of Marcus & Millichap represented the buyer, a local private investor that is actively expanding its healthcare real estate portfolio across Chicagoland.

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DevelopmentIllinoisMidwestRetail

Nicholas Family to Break Ground on 86,261 SF Elk Grove Ice Arena in Metro Chicago

by Kristin Harlow

ELK GROVE VILLAGE, ILL. — Nicholas Family of Cos. will break ground this fall on the Elk Grove Ice Arena, a new indoor ice rink in the northwest Chicago suburb of Elk Grove Village. Scheduled to open in fall 2026, the 86,261-square-foot, two-rink complex will serve the local hockey community and feature a family-friendly restaurant with rooftop access called Hatty’s Icehouse. The Elk Grove Ice Arena marks Nicholas Family’s third ice arena project in the Chicago area in one year, following its construction of the Rosemont Ice Arena opening this fall and its acquisition of Glacier Ice Arena in Vernon Hills. Nicholas also owns a fourth rink, the Mount Prospect Ice Arena at Nicholas Sportsplex. All four venues are operated by the company’s in-house sports and recreation division, Spectate Group, which plans to expand its staff to accommodate the new facilities. The company’s construction arm, Nicholas & Associates, built all of the venues except for Glacier Ice Arena. The Elk Grove site is currently occupied by a Staples office supply store, which will be torn down. Designed by ARCON Associates, the rink will feature eight general team locker rooms and eight dedicated locker rooms for Chicago Mission teams. Other elements …

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DevelopmentIllinoisIndustrialMidwest

Peak Construction to Build 52,925 SF Spec Industrial Facility in Aurora, Illinois

by Kristin Harlow

AURORA, ILL. — Peak Construction Corp. will build White Oak Warehouse, a 52,925-square-foot speculative industrial facility in Aurora. DarwinPW Realty/CORFAC International is the developer. The project will feature a clear height of 32 feet, 10 docks, two drive-in doors, 31 trailer stalls and 63 parking spaces. Completion is slated for the second quarter of 2026. Partners in Design Architects Inc. is the architect and Cemcon is the civil engineer.

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AcquisitionsIllinoisMidwestOffice

CBRE Brokers $3.2M Sale of Creative Office Building in Chicago’s River North

by Kristin Harlow

CHICAGO — CBRE has brokered the $3.2 million sale of 219 W. Chicago Avenue, a boutique creative office property in Chicago’s River North neighborhood. The asset spans 19,615 square feet and is currently 78 percent leased. CBRE’s Dominic Soltero, Tom Svoboda and John Saletta represented the undisclosed seller. The transaction marks the first investment in Chicago for the international buyer. The property benefits from DX-5 zoning, allowing for future conversion to high-rise residential, office or apartment use with ground-floor retail.

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AcquisitionsDevelopmentIllinoisIndustrialLee & AssociatesMidwest

Pharmacy Automation Supplies Buys 4.4 Acres in Metro Chicago for Build-to-Suit Facility

by Kristin Harlow

PLAINFIELD, ILL. — Pharmacy Automation Supplies has purchased 4.4 acres at Plainfield Business Center, Lot 6, for a new build-to-suit warehouse and office facility. The manufacturer and distributor of consumables to retail and healthcare organizations is relocating to Plainfield from a smaller space in Romeoville. The seller, Northern Builders, will construct a 30,000-square-foot building within the complex. Completion is slated for the end of the year. Terry Grapenthin and Ryan Earley of Lee & Associates of Illinois represented Pharmacy Automation Supplies in the transaction.

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