Midwest

Morgan/Harbour Completes Construction of 41,100 SF Office, Warehouse Facility in Buffalo Grove, Illinois

by Kristin Harlow July 25, 2017

BUFFALO GROVE, ILL. — Morgan/Harbour Construction has completed a new 41,100-square-foot office and warehouse headquarters for ThermFlo Inc. and its sister company, Zonatherm Products Inc., in Buffalo Grove. Situated on 4.3 acres and located at 875 Busch Parkway in the Corporate Grove Industrial Park, the facility features an open office concept with workstations, private executive offices, conferencing spaces, a seminar room, full-glass product showroom, lunchroom, 20-foot clear height warehouse, two exterior docks, two drive-in doors and 136 parking stalls. Brian Smith, Rich Cassidy and Scott Guerra of Morgan/Harbour led the project team. Ware Malcomb provided architectural services, while Clarius Partners provided development management services. Previously located in Wheeling, ThermFlo is a 24-hour service and construction company with engineering design and CAD capabilities.

July 25, 2017

Midwest Missouri Office

Hilliker Corp. Brokers $1.5M Sale of Office Building in St. Louis

by Kristin Harlow July 25, 2017

ST. LOUIS — Hilliker Corp. has brokered the sale of a 33,000-square-foot office building in St. Louis for $1.5 million. The Little Bit Foundation, a St. Louis-based nonprofit organization that provides basic needs for children living in poverty, purchased the property for its new headquarters. A commercial construction company previously occupied the building and will continue to occupy a portion of the property, located at 516 Hanley Industrial Court. Hal Ball and Brennan Gaffney of Hilliker Corp. represented the seller, Kraska Enterprises. Bahn Realty represented The Little Bit Foundation.

July 25, 2017

Michigan Midwest Retail

Cohn Commercial Arranges Sale of 30,000 SF Shopping Center in Westland, Michigan

by Kristin Harlow July 25, 2017

WESTLAND, MICH. — Cohn Commercial Properties Inc. has arranged the sale of a 30,000-square-foot shopping center in Westland, about 16 miles west of Detroit. The sales price was not disclosed. The property is located at 35700 W. Warren Road across from Westland Mall. Prime Healthcare Services-Garden City LLC purchased the property from MI Westland Retail Center LLC. Cohn Commercial brokered the transaction on behalf of both parties.

July 25, 2017

Midwest Missouri Retail

Christie Development Breaks Ground on $63M Phase II of Belton Gateway in Belton, Missouri

by Kristin Harlow July 24, 2017

BELTON, MO. — Christie Development has broken ground on the $63 million second phase of construction for the Belton Gateway in Belton, about 20 miles south of Kansas City. The retail property consists of more than 182,000 square feet of developable space. Infrastructure, pad site preparation and road reconstruction are underway, with the first restaurant slated to open later this year and five new retailers set to open in early 2018. The future home of Kneaders Bakery & Cafe is under construction on the southeast corner of the 47-acre, $136 million mixed-use development. Ross Dress for Less, Marshalls, Party City, Petco and Five Below will also open at the property. Phase I construction included a 58,000-square-foot Academy Sports + Outdoors, a 55,000-square-foot Hobby Lobby and two multiple-tenant retail buildings that are home to Belton Family Dental Care, Fazoli’s and Cricket Wireless.

July 24, 2017

Illinois Midwest Office

GATX Corp. to Relocate Global Headquarters to Chicago’s Willis Tower

by Kristin Harlow July 24, 2017

CHICAGO — GATX Corp. has signed a 90,000-square-foot office lease to relocate its global headquarters to Willis Tower in Chicago. The railcar leasing company currently occupies office space at 222 West Adams St. in Chicago. Willis Tower is undergoing a renovation to include amenities such as a tenant lounge, fitness center and café. Joy Jordan, Jamey Dix and Brian Whiting of Telos represented Equity Office in the lease transaction, while Melissa Copley of Newmark Knight Frank represented GATX Corp. Equity Office is the U.S. office portfolio company wholly owned by Blackstone’s real estate funds. Blackstone acquired Willis Tower in 2015.

July 24, 2017

Industrial Midwest Wisconsin

Dickman Co. Brokers Sale of 117,546 SF Industrial Building in Milwaukee Suburb

by Kristin Harlow July 24, 2017

BROWN DEER, WIS. — The Dickman Co. Inc./CORFAC International has brokered the sale of a 117,546-square-foot industrial building in Brown Deer, a suburb of Milwaukee. The sales price was not disclosed. The property is located at 8900 N. 55th St. STAG III Milwaukee 2 LLC purchased the property from 55th Street Industrial LLC. Samuel M. Dickman Jr., Samuel D. Dickman and Roger B. Siegel of Dickman Co. brokered the transaction.

July 24, 2017

Illinois Industrial Midwest

ML Realty Acquires 74,072 SF Industrial Property in Elk Grove Village, Illinois

by Kristin Harlow July 24, 2017

ELK GROVE VILLAGE, ILL. — ML Realty Partners has acquired a 74,072-square-foot industrial property in Elk Grove Village. The purchase price was not disclosed. The building, 100 percent leased to a single tenant, is located at 2601 Lively Blvd. near Chicago O’Hare International Airport. Phil Reiff Jr. and Phil Reiff Sr. of Paine/Wetzel represented the undisclosed seller in the transaction.

July 24, 2017

Illinois Midwest Office

J.C. Anderson Completes Lobby Renovation at Office Property in Chicago

by Kristin Harlow July 24, 2017

CHICAGO — General contractor J.C. Anderson Inc. has completed a lobby renovation at One North Franklin, otherwise known as PNC Centre, in Chicago. The project consisted of installing marble flooring throughout all of the elevator vestibules, large floor-to-ceiling specialty glass panels as well as new elevator wall sconces. Designed by architects Skidmore, Owings & Merrill, PNC Centre is a 36-story, Class A office building. Completed in 1991, the property features 617,592 square feet of office and retail space. Matt Kantro and Dan Dunn of J.C. Anderson led the project team. Gensler provided architectural services.

July 24, 2017

Midwest Minnesota Multifamily

CBRE Brokers $53.2M Sale of Apartment Property in Minneapolis

by Kristin Harlow July 21, 2017

MINNEAPOLIS — CBRE has brokered the sale of Track 29 in Minneapolis for $53.2 million. The 198-unit apartment property is located at 2841 Bryant Avenue South along the north side of the Midtown Greenway. The 148,082-square-foot building offers a mix of studio, one- and two-bedroom units. Amenities include an art gallery/exhibition space, rooftop terrace, Zen garden, saltwater pool and dog run. Abe Appert, Keith Collins, Ted Abramson and Laura Hanneman of CBRE represented the seller, Bryant Apartments LLC, a local private investment partnership. An institutional buyer purchased the property.

July 21, 2017

Hospitality Illinois Midwest

Peak Completes Construction of Marriott Residence Inn in Bolingbrook, Illinois

by Kristin Harlow July 21, 2017

BOLINGBROOK, ILL. — Peak Construction Corp. has completed the Marriott Residence Inn located in Bolingbrook, a southwest suburb of Chicago. Peak provided design-build services for the 103-room extended-stay hotel. Amenities at the four-story, 77,000-square-foot property include a swimming pool, outdoor patio and multi-purpose sport court. Norr Architects served as the project architect, while Manhard Consulting Ltd. provided civil engineering services. Love Hotel Management Co. will manage the property.

July 21, 2017

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