Midwest

Luxury Living Chicago Realty to Oversee Leasing of 102-Unit Luxury Apartment Tower in Chicago

by Kristin Harlow September 5, 2017

CHICAGO — Luxury Living Chicago Realty will oversee leasing of 8 East Huron, a 102-unit luxury apartment tower in Chicago’s River North neighborhood. CA Residential LLC, the multifamily investment and development division of Chicago-based CA Ventures, developed the 26-story property. The Habitat Co. will manage the property. Wrapped entirely in glass, the building features one- and two-bedroom units as well as luxury three-bedroom suites on the 22nd and 23rd floors. Floor plans range in size from 540 to 2,680 square feet with rents ranging from $2,195 to $15,995. A 24th floor amenity space consists of an infinity pool, sun deck, fitness center and on-site pet spa. Since the building is still under construction, Luxury Living is offering a virtual realty experience that allows interested renters to see select apartments and amenities from every angle.

September 5, 2017

Illinois Industrial Midwest

Frozen Assets Cold Storage Signs 132,000 SF Industrial Lease in Northlake, Illinois

by Kristin Harlow September 5, 2017

NORTHLAKE, ILL. — Frozen Assets Cold Storage has signed a 132,000-square-foot industrial lease at Bridge Point Northlake, located about 20 miles west of Chicago. Located at 555 Northwest Ave., the 256,752-square-foot cold storage facility features clear heights of 32 to 40 feet, 104 dock positions and 91 trailer stalls. Headquartered in Chicago, Frozen Assets Cold Storage provides cold storage, freezing, blast freezing, exporting, labeling and cross-docking services. Jason Lev and John Suerth of CBRE represented the landlord, Bridge Development, in the lease transaction. Steve Livaditis, also of CBRE, represented the tenant.

September 5, 2017

Indiana Midwest Office

Engineering Facility Solutions Completes HVAC Project for Office Property in Noblesville, Indiana

by Kristin Harlow September 5, 2017

NOBLESVILLE, IND. — Engineering Facility Solutions (EFS) has completed installation of a design/build HVAC project at the new headquarters of BlueSky Technology Partners in Noblesville, about 20 miles north of Indianapolis. BlueSky, an e-commerce consultancy, and BlueSky Digital, a digital marketing agency, will occupy the top two floors of the four-story, 42,000-square-foot building. The first level is set for use as a tenant restaurant space with outdoor seating. The second level is an open office space available for lease. EFS completed the project within a four-month design phase and a five-month installation. American Structurepoint + Interiors Group was the architect and Meyer Najem was the general contractor.

September 5, 2017

Illinois Midwest Retail

The Boulder Group Arranges $2M Sale of Retail Property in New Lenox, Illinois

by Kristin Harlow September 5, 2017

NEW LENOX, ILL. — The Boulder Group has arranged the sale of a retail property net leased to three tenants in New Lenox, about 40 miles southwest of Chicago. AT&T Wireless, Papa John’s and Volver Cantina & Grill occupy the 5,362-square-foot property, located at 701-709 E. Lincoln Highway. Constructed in 2015, the building is an outparcel to the New Lenox Town Center. Randy Blankstein and John Feeney of The Boulder Group represented the seller, a West Coast-based real estate investment group. A West Coast-based real estate investor purchased the property.

September 5, 2017

Kansas Midwest Restaurant Retail

Block & Co. Brokers Sale of Retail Property Occupied by Panda Express in Overland Park, Kansas

by Kristin Harlow September 5, 2017

OVERLAND PARK, KAN. — Block & Co. Inc. Realtors has brokered the sale of a 2,448-square-foot retail property occupied by Panda Express in Overland Park. The sales price was not disclosed. The property is located within Glenwood Plaza Shopping Center at 9090 Metcalf Ave. Other tenants at the shopping center include Walmart, TJ Maxx, Dollar Tree and Subway. Alex Block and David M. Block of Block & Co. brokered the sale on behalf of the seller, Glo-Rae Glenwood LLC. Block & Co. is the leasing and property management company for both the shopping center and the Panda Express property.

September 5, 2017

Illinois Industrial Midwest

Clayco Completes 1MSF Distribution Facility for Georgia-Pacific in University Park, Illinois

by Kristin Harlow September 1, 2017

UNIVERSITY PARK, ILL. — Clayco Inc. has completed construction of a Georgia-Pacific distribution facility at Gateway 57 Industrial Park in University Park, about 38 miles south of Chicago. The 1 million-square-foot facility is a joint venture between CRG and Venture One along with design-build firm Clayco and its subsidiary Forum Studio. The investment will allow Georgia-Pacific to expand capabilities in University Park, where the company previously operated out of a 700,000-square-foot facility. The distribution center will be used to supply paper goods for commercial and recreational use for some of Georgia-Pacific’s largest clients, including Walmart and Costco. The building features 36-foot clear heights, 100 dock doors and two drive-in doors.

September 1, 2017

Hospitality Indiana Midwest

Home2 Suites by Hilton to Open in Terre Haute, Indiana

by Kristin Harlow September 1, 2017

TERRE HAUTE, IND. — Dora Hotel Co. LLC and Gibson Development LLC are developing a Home2 Suites by Hilton in Terre Haute, located in western Indiana. The 91-suite, extended-stay hotel will be located at 2625 S. Sycamore Crossing St. Amenities will include Wi-Fi, pool and deck, fitness room, guest laundry, grilling patio and outdoor lounge. The lobby will feature an open-area floor plan known as the Oasis, designed to alternate between a breakfast area and a workspace. First Financial Bank NA is providing construction financing. Completion is slated for September 2018.

September 1, 2017

Industrial Midwest Missouri

Dejana Truck & Utility Signs 90,000 SF Industrial Lease in Kansas City’s SubTropolis

by Kristin Harlow September 1, 2017

KANSAS CITY, MO. — Dejana Truck & Utility Equipment has signed a 90,000-square-foot industrial lease in SubTropolis within Kansas City. The automotive equipment manufacturer will run a new Ford Transit and Ford F-150 upfitting operation at the underground business complex. The New York-based subsidiary of Douglas Dynamics Inc. (NYSE: PLOW) will also lease two additional acres in SubTropolis for vehicle staging. Dejana manufactures van partitions, racking systems and hauling systems for aftermarket installation on commercial vans and trucks. Hunt Midwest owns the property.

September 1, 2017

Illinois Industrial Midwest

Euroview Enterprises Enters Into 47,861 SF Industrial Lease in Elmhurst, Illinois

by Kristin Harlow September 1, 2017

ELMHURST, ILL. — Euroview Enterprises LLC has entered into a 47,861-square-foot industrial lease in Elmhurst, about 18 miles west of Chicago. The manufacturer and distributor of glass shower doors will occupy the space at 342 Carol Lane. The company is moving from a nearby location at 420 W. Wrightwood Ave. Adam Haefner and Zeke Rowan of Darwin Realty represented the landlord, an institutional investor. Justin Lerner of Transwestern represented the tenant.

September 1, 2017

Indiana Loans Midwest Retail

Associated Bank Provides $3.1M Acquisition Loan for Land Site in Hammond, Indiana

by Kristin Harlow September 1, 2017

HAMMOND, IND. — Associated Bank has provided a $3.1 million loan for the acquisition of a 1.4-acre land site located at 7905-17 Indianapolis Blvd. in Hammond, about 25 miles southeast of Chicago. The borrower, GW Properties, plans to build a multi-tenant retail building at the site. The 9,250-square-foot building will be divided into four retail spaces. Completion is slated for the second quarter of 2018. Brian Rogan of Associated Bank originated the loan.

September 1, 2017

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