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CRE N Illinois
CRE Future Leaders: Jeff Provenza

CRE Future Leaders: Jeff Provenza

As part of our series, CRE Future Leaders, we caught up with Jeffrey J. Provenza, vice president of Darwin Realty, where he offers a full range of brokerage services, including tenant/buyer/ownership representation, build-to-suit projects, site acquisitions and investment deals. His primary area of concentration is the O’Hare market.

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Industrial N Illinois
1600 Fleetwood in Elgin, Illinois.

Midwest Industrial sells part of portfolio for $21 million

Midwest Industrial Funds recently closed on the sale of the first phase of a three‐building, $21 million sale to Plymouth Industrial REIT. The first phase included over 280,000 square feet of fully leased properties at 1600 Fleetwood in Elgin, Illinois and 3 W. College Drive in Arlington Heights, Illinois. 1600 Fleetwood was leased long term to Stamar Packaging, a leading distributer of packaging, shipping and industrial supplies, and 3 W. College was leased to Arrows‐Up, an affiliate of Denver-based Omnitrax, who provides containerized bins for the blending of sand/silica used in the oil and fracking industries.

Office N Illinois
The Spaces Fulton Market facility at 159 N. Sangamon Street in Chicago.

ARCO/Murray completes two coworking spaces in Chicago

ARCO/Murray recently completed two coworking office, event and work environments for Spaces, an Amsterdam-based company, in Chicago’s Fulton Market and Lincoln Park neighborhoods. The 32,000-square-foot Fulton Market facility is located at 159 N. Sangamon Street and the 24,000-square-foot Lincoln Park facility is located at 1500 N. Halsted Street.

Multifamily N Illinois
CBRE brings Lake Shore Drive condo building to market for deconversion

CBRE brings Lake Shore Drive condo building to market for deconversion

The homeowners’ association of 540 N. Lake Shore Drive, a 150-unit condo building, have retained CBRE as the building’s listing agent. CBRE is positioning the property as a deconversion opportunity, offering the brick-and-timber loft condos in a bulk sale through a competitive bidding process. The listing also contains the adjacent, 10,780-square-foot parking garage with 73 spaces at 450 E. Grand Avenue befitting new construction.

CRE N Illinois
2.46-acre Fulton Market land portfolio up for sale

2.46-acre Fulton Market land portfolio up for sale

A four-parcel land portfolio totalling 2.46 acres has gone on the market in the Fulton Market neighborhood of Chicago. The premier land portfolio, being shopped around by JLL as a development opportunity, represents the biggest offering of the past year in one of the country’s most sought-after neighborhoods

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