CHICAGO — Sandwich shop chain Jimmy John’s has announced six new Chicagoland locations. This summer will see the opening of one at Lake Zurich Shopping Center in Lake Zurich. Four restaurants will open in the fall, including locations at 12601 S. Western Ave. in Blue Island, 400 S. Randall St. in Elgin, 264 W. 162nd St. in Elgin and at Hillside Town Center in Hillside. A sixth location at Cedar Crossings shopping center in New Lenox will open in 2010. The leases for all six locations were negotiated on behalf of Jimmy John’s by Allen Joffe of Chicago-based Baum Realty Group. Jimmy John’s currently has more than 900 locations and has already opened 200 new restaurants this year.
CHICAGO — The grand opening has been held for a new Jewel-Osco grocery store, located at 11730 S. Marshfield Ave. on Chicago’s South Side. The new 64,445-square-foot location is situated within Marshfield Plaza, Beverly Hills, Calif.-based Primestor’s 454,000-square-foot retail redevelopment of the former Libby Food canning plant. In addition, Anna’s Linens has opened an 8,500-square-foot location at 11614 S. Marshfield Ave. The two retailers join a tenant roster that includes Target, Marshall’s, LA Fitness, Staples, Petco, Dollar Tree, Fifth Third Bank, Chili’s Grill & Bar and Panda Express, among others.
MCCOOK, ILL. — Clarius Partners will break ground this month for Clarius Park McCook, a new industrial business park located at 9200 West 55th St. in McCook. The $28 million project comprises two Class A industrial facilities totaling 368,841 square feet. Building 1 will contain 201,431 square feet on a 9.4-acre site. The building includes 30-foot clear ceilings, 50-foot by 50-foot bay sizing and 60-foot speed bays. The building will be divisible to approximately 40,000 square feet. There will also be a 146-foot truck court, 20 trailer parking spaces, 24 dock positions, 2 drive-in-doors and 254 automobile parking spaces. Building 2 will be up to 167,500 square feet and will be on an 8.6-acre property. The company is marketing Building 2 on a build-to-suit basis and construction will commence upon securing a tenant. Construction for Building 1 begins this month and the project is scheduled for completion by the end of the year.
OMAHA, NEB. — Omaha-based Grubb & Ellis | Pacific Realty has brokered two commercial sales in Omaha totaling $11.4 million. In the first transaction, Jasper Stone Properties III LLC purchased Financial Plaza, an 85,653-square-foot office building located at 9410 W. Dodge Rd., from Financial Plaza II LLC. The building traded for $8.3 million. Scott Heider, Edgar Fleming and Candice Bruns, all of Grubb & Ellis, represented the seller. In the second transaction, Mike and Anna Sortino purchased Crossroads Plaza, a 19,906-square-foot shopping center located at 7610 Dodge St., from Friedman Family LP. The center traded for $3.1 million. Erik Wagner of Grubb & Ellis represented the buyer. Barry Zoob and Kyle Peterson, also of Grubb & Ellis, represented the seller. Grubb & Ellis will also be provided property management services for the center.
OMAHA, NEB. — Darland Construction Co. has been selected to build a new 13,886-square-foot ambulatory surgery center. Bergan Mercy Surgery Center will be located within the new South Pavilion addition of Bergan Mercy Medical Center, which is located in Omaha. The surgery center will be built out while the building is still under construction. The project is a joint venture between Alegent Health and a physicians group represented by Health Inventures, LLC. The architect for the project is Boulder Associates Architects. The construction timetable was not released.
MILWAUKEE — Lee Realty & Development has purchased a 6,530-square-foot medical office building, located at 7100 West Capitol Dr. in Milwaukee from Marbe LLC. Pete Slezak of Colliers Barry represented the seller and Thai Lee of Moreways Realty represented the buyer in the transaction.
DANVILLE, ILL. — NorthPoint Capital has arranged an approximately $14.21 million loan for a 200,000-square-foot industrial building, located in Danville. The building was leased to Sygma Network, Inc., which has 14 years remaining on its primary lease. The loan carries a 14-year term with a 14-year amortization schedule. The interest rate is in the mid-6 percent range and the loan-to-value ratio is 82 percent. The financing was placed with an undisclosed correspondent lender. Paul Walschlager of NorthPoint Capital arranged the financing.
PEVELY, MO. — The $22 million, eight-building Pevely Pointe Apartments development is now complete. Situated on 45 acres of land, the 256-unit workforce housing project was completed by developer and contractor Gundaker Commercial Group and architecture firm Rosemann & Associates. Pevely Pointe LP and the Missouri Housing Development Commission provided funding for the project. The complex features one-, two- and three-bedroom units, as well as a clubhouse with a business center, a swimming pool and fitness area.
FLOSSMOOR, ILL. — Rosemont, Ill.-based McShane Construction Co. has broken ground for a new mixed-use project in Flossmoor. Construction consists of a single-story, 15,116-square-foot building situated on 1.79 acres at 19801 Governors Highway. Upon completion, which is expected in February 2010, the building will contain a mix of retail, medical office and professional office space. Drs. Kung and Labana have already signed a lease for 7,000 square feet of space within the building, which is located near St. James Hospital, Ingalls Memorial Hospital and Advocate South Suburban Hospital. KLLM Architects is serving as project architect. Financing for the project is being provided by Old Plant Trail Community Bank.
FISHERS, IND. — Carmel, Ind.-based J.C. Hart Co. has purchased 13 acres of the 725-acre Saxony mixed-use property, located at 131st St. in Fishers. The company is starting construction thus summer for The District at Saxony, a 269-unit apartment project that will be located near a 20-acre lake. Construction is scheduled to take approximately 2 years. The planned rent is set from $675 to $1,425 per month. Saxony is a $1 billion project that, upon full build-out, will contain 1,300 residences, 1 million square feet of retail, and 3.5 million square feet of office and industrial space in a pedestrian-friendly environment.