CHICAGO — TCS Education System has signed a long-term lease for 29,000 square feet of office space at 350 West Mart Center Drive in Chicago. TCS is a non-profit network of specialized institutions that offers an effective approach to higher education and to preparing socially responsible, culturally competent professionals in the applied fields of psychology, health and human services, education and human development. Phil Utigard and Lou Jacobsohn of Transwestern’s Tenant Advisory Services represented the tenant in the transaction; John Dempsey of CB Richard Ellis and Scott Sessa of MMPI represented the undisclosed landlord.
Greater Cleveland’s office market is showing some signs of recovery, and this is being fueled by the many development projects in the works. Planned developments include a casino to be located in the Tower City area opening sometime in 2013 and a proposed Medical Mart facility, which will be located next to Cleveland’s convention center in the heart of downtown. Another projected office development is the East Bank project by Scott Wolstein, which will house the national headquarters for Ernst & Young and law firm Tucker-Ellis. The project will be the first phase of a planned office, retail and residential development at the edge of Cleveland’s historic warehouse district. Eaton Corporation also is planning a new 400,000-square-foot campus in the Chagrin Highland’s 630-acre corporate community on Cleveland’s east side, which will leave Eaton’s current building at 12th Street and Superior, in the central business district, with more than 300,000 square feet available. Other major deals in the works are the relocation of Huntington Bank (approximately 100,000 square feet) from its namesake historic property at East 9th Street and Euclid to the former BP building, which is now 200 Public Square. The iconic bank building is home to several large firms …
LINCOLN, NEB. — The City of Lincoln has signed off on Haymarket Arena, a $168 million arena that will replace Pershing Center in Lincoln. Situated within the $344 million West Haymarket Development revitalization project, the 16,000-seat arena will be home to the University of Nebraska men’s and women’s basketball programs. Designed by DLR Group, Bahr Vermeer Haecker Architects and Clark Enersen Partners, the facility will feature 32 suites and club and loge seating. The arena is expected to open in 2013.
MT. PLEASANT, WIS. — Principle Construction Corp. has completed a 40,742-square-foot build-out project for Menomonee Falls, Wis.-based Maysteel, a manufacturer of precision metal enclosures, assemblies and systems. Located at Park 94 Building #2 in Mt. Pleasant, the project included the installation of a 1,600-amp service, T5 lighting and a 2,000-square-foot office space. Maysteel plans to use the facility as a warehouse, manufacturing and assembly plant. HSA Commercial Real Estate owns the property, which was constructed in 2008. Cornerstone Architects provided architectural services for the build-out project.
DETROIT — The Charter County of Wayne, Ill., recently renewed its lease at the Penobscot Building, which is located at 645 Griswold in Detroit. The county leases 145,030 square feet at the property, which is owned by FFMC, receiver of Penobscot. Steve Eisenshtadt of Friedman Real Estate Group represented the landlord in the transaction. Penobscot is managed by Finsilver/Friedman Management Corp., a Friedman company.
AURORA, ILL. — Liberty Property Trust's Liberty Business Center Aurora #4 building has received LEED Gold certification. Located at 900 Bilter Road in Aurora, the 436,363-square-foot warehouse property features T-5 high output lighting, low VOC adhesives, sealants, paints and coatings, and composite wood products. The construction process recycled 95 percent of construction debris and 15 percent of the materials used in the building's construction contained recycled content.
EAST DUNDEE, ILL. — Laundry King has purchased a 9,088-square-foot retail building, which is located at 610 S. Dundee Ave. in East Dundee. The buyer plans to convert the property into a laundry mat. Trend Carpet and Tile sold the facility for an undisclosed price. Paul Montes and Eric Spiess of Inland Real Estate Brokerage represented the seller in the transaction.
GLENWILLOW, OHIO — Superior Beverage Group has signed a build-to-suit deal for a 511,167-square-foot headquarters office and distribution facility in Glenwillow. The center will be located within Diamond Business Park, a 212-acre, rail-served industrial park. Superior, a of Miller and Coors products in Northeast Ohio, is relocating its headquarters to the new facility from Youngstown. Geis Construction is the design/build general contractor for the project, which is being developed by Hemingway Development.
LOMIRA, WIS. — Badger Lomira LLC has purchased 55,826 square feet of space for an undisclosed price. The property is located at 990 Richard St. in Lomira. Curt Pitzen and Jon Packee of NAI MLG Commercial represented the seller, R.E. Phelon Co., in the transaction.
BROOKFIELD, WIS. — 3MG Future Investments has acquired a 33,145-square-foot office building, which is located at 165 Bishops Way in Brookfield. The property sold for $1.63 million. The seller was not disclosed. Joe Lak and Mike Wanezek of Inland Cos. brokered the transaction.