ROSEMONT, ILL. — Morgan / Harbour has completed a 26,000-square-foot office build-out for Resolution Life, a life insurance company, in Rosemont. The new offices are within the Columbia Centre I building located at 5600 N. River Road. The construction features full-floor improvements including new private offices, focus rooms and conference rooms. Morgan / Harbour also designed and engineered all new mechanical, electrical and plumbing systems to optimize the building’s performance. The new space also features a new training room and large open office areas. Morgan / Harbour’s construction team was led by Ben Warriner, Andy MacMillan and Mike Costanzo. INTERFORM provided architectural services for the project.
Midwest
LEE’S SUMMIT, MO. — Lee & Associates has arranged a long-term lease for a 28,000-square-foot industrial site in Lee’s Summit, approximately 19 miles southeast of Kansas City. The 10-acre property is located at 221 Chipman Road. Ben Boyd and Nathan Anderson of Lee & Associates Kansas City represented the Landlord, RL Sweet Lumber. Kessinger Hunter Commercial Real Estate represented the tenant, Boise Cascade Building Materials, a producer of engineered wood products and plywood.
PLEASANT PRAIRIE, WIS. — Cushman & Wakefield has arranged the sale of 8201 104th St., a 44,398-square-foot flex building in Pleasant Prairie’s LakeView Corporate Park. The 2,400-acre master-planned, mixed-use development consists of industrial, office and retail properties. Quest Products purchased the property for a $3.6 million initial investment, with an additional $1.5 million investment anticipated within the next three years. Cushman & Wakefield’s Chicago-based team of Whit Heitman, Sam Badger and Brad Weiner represented Quest. Ryan Bain, Keith Puritz, Brett Kroner and Zach Graham of CBRE represented the seller, a local private investor. The company, a packaged consumer goods producer specializing in retail, e-commerce and drop-ship distribution, is currently based in Gurnee, Ill. Quest operates an additional distribution facility in Independence, Iowa. Both facilities will be consolidated into this new headquarters location situated on more than 4.6 acres. Built in 1994, the property features a 22,267-square-foot, two-story office component and 24-foot clear ceiling heights in the 22,131-square-foot warehouse component. The site has parking for 107 cars and has the potential for future expansion.
WEST CHICAGO, ILL. — Lee & Associates has arranged an industrial lease for 144,924 square feet in West Chicago. Plastipak Packaging will occupy the space within the LaGrou West Chicago Center located at 1800 W. Hawthorne Lane. The 572,000-square-foot distribution center is now fully occupied. Other tenants in the complex include Norix, Illinois Central Bus Service and LaGrou Distribution Systems. Matt Minik of Jupiter Realty Services LLC represented the tenant, Plastipak. James Planey and Jeff Janda of Lee & Associates of Illinois represented the landlord, LaGrou West Chicago Center.
MANITOWOC, WIS. — Marcus & Millichap has brokered the $975,000 sale of Aldi ground lease, a 16,581 square-foot net-leased property located in Manitowoc. The property is located at 4111 Harbor Town Lane and sits on approximately 1.8 acres.The asset, built in 2010, is the outlot to a larger retail development. Austin Weisenbeck, Aaron Baum and Sean Sharko of Marcus & Millichap’s Chicago Oak Brook office represented the seller, the original developer, and the buyer, a national real estate investor. Matthew Fitzgerald of Marcus & Millichap assisted in closing the transaction.
STURTEVANT, WIS. — Meridian Design Build has completed a 76,320-square-foot expansion to an existing industrial plant in Sturtevant for Kerry Ingredients & Flavours. The fully air-conditioned building addition includes 10 new loading docks and dedicated warehouse space to accommodate spice storage. Meridian also completed interior renovation work within the existing plant including construction of new blending cells, the expansion of existing employee facilities and relocation of quality assurance facilities to accommodate increased production output. Thirty-six additional parking stalls were also added. This was Meridian Design Build’s fourth project for Kerry since 2009. Harris Architects provided architectural services. Pinnacle Engineering Group completed civil engineering work for the project.
HOFFMAN ESTATES, ILL. — J.C. Anderson has completed a 70,000-square-foot, three-floor office build-out for Omron Corp. in Hoffman Estates, Illinois. Omron, an automation company, is relocating its head office for its North and South America Group from Schaumburg to the Greenspoint Office Park in northwest suburban Hoffman Estates. Located at 2895 Greenspoint, Omron will occupy the first three floors of the office building. The new offices feature open office areas, private offices and conference rooms as well as a training center, fitness room, lunchroom and laboratory facilities. The space also includes high-end finishes, wood slat ceilings and decorative metal screens throughout. Gensler provided the architectural services for the project. JLL served as the project manager. J.C. Anderson’s team who led the project included Steven Boulukos, Seth Erlich and Marty Powers.
CHICAGO — Cohen Financial has secured a $108 million equity investment for the acquisition of Three First National Plaza, a 57-story office tower located at 70 West Madison St. in Chicago. The property is more than 90 percent leased to anchor tenants including law firms K&L Gates LLP and Ungaretti & Harris LLP, private-equity firm Madison Dearborn Partners LLC and credit-card security software provider Trustwave Holdings Inc. Kevin O’Grady of Cohen Financial’s Miami office, Mark Strauss of the San Francisco office and the company’s Chicago office secured the equity investment with GEM Realty Capital Inc., a Chicago-based commercial real estate investor, and Farallon Capital Management LLC, a global institutional asset management firm. The operating sponsor is The Hearn Co., a Chicago-based owner/operator of commercial real estate properties across the U.S.
WEST DES MOINES, IOWA, PEORIA, ILL., AND INDIANAPOLIS — Institutional Property Advisors, a division of Marcus & Millichap, has arranged the sale of the OREP Portfolio, a three-property, 1,056-unit multifamily portfolio in the Midwest, for $58 million. The properties include the 420-unit Wellington Apartments located at 4700 EP True Expressway in West Des Moines, Iowa; the 312-unit Seven Oaks Apartments located at 4010 N. Brandywine Drive in Peoria, Ill.; and the 324-unit Wildwood Village Apartments located at 3491 Timbersedge Drive in Indianapolis. IPA’s Peter Von Der Ahe and Scott Edelstein, along with Alex Blagojevich and David Gaines of Marcus & Millichap represented the seller, a partnership between Onex Real Estate Partners and New York Life Insurance Asset Management. The team also represented the buyer, Fireside Financial. Barry A’Hearn of Marcus & Millichap’s Cedar Rapids office is the firm’s broker of record in Iowa. Josh Caruana of the firm’s Indianapolis office is Marcus & Millichap’s broker of record in Indiana.
WASHINGTON TOWNSHIP, MICH. — Landmark Commercial Real Estate Services Inc. has arranged the $13.4 million sale of the Orchard Square Shopping Center in Washington Township. Kroger, Dollar Tree and O’Reilly Auto Parts anchor the 92,450-square-foot shopping center. Kevin Baker and Daniel Kukes of Landmark represented the buyer, a non-traded REIT, and the seller, a Michigan-based full services commercial, residential and industrial firm.