Retail N Illinois
HFF sells Chicago retail property

HFF sells Chicago retail property

Holliday Fenoglio Fowler, L.P. (HFF) has sold Kingsbury Center, a 53,079-square-foot urban retail center located in Chicago’s vibrant North and Clybourn retail corridor. The HFF team marketed the property for the seller. Westwood Financial purchased the asset and assumed an existing securitized loan.

Office N Illinois
SVN Chicago sells Haymarket Building

SVN Chicago sells Haymarket Building

SVN | Chicago Commercial handled the sale of a 42,000-square-foot, loft-style office building at 117-121 N. Jefferson Avenue in Chicago’s West Loop neighborhood. An investor coming out of a 1031 exchange purchased the structure, known as “The Haymarket Building,” for $12,875,000.

Retail N Illinois
(From left to right): Forrest Bailey, president and CEO, Draper and Kramer; Kelly Powers Baria, director of business development, Powers & Sons Construction Company; Joe Koss, president and CEO, Culver’s; Sophia King, 4th Ward alderman; Baron Waller, Culver’s franchise owner, with his wife, Janeen Waller, brother, Byron Waller, and nephew and business partner Bryon Waller; Marcia Nicholson, senior business banker, Urban Partnership Bank; Gordon Ziegenhagen, vice president, Draper and Kramer and Craig Culver, co-founder, Culver’s.

Draper and Kramer brings Chicago’s first Culver’s to Bronzeville neighborhood

Full-service real estate firm Draper and Kramer, Inc. cut the ribbon on a Culver’s restaurant—the first in the city—at their Lake Meadows Market retail center in Chicago’s Bronzeville neighborhood. Among those attending the grand opening were Culver’s Co-Founder Craig Culver, Culver’s President and CEO Joe Koss, Chicago 4th Ward Ald. Sophia King, the Draper and Kramer development team and multiple project and community partners.

Industrial N Illinois
High-end industrial space coming to recently acquired 54-acre Downers Grove site

High-end industrial space coming to recently acquired 54-acre Downers Grove site

Bridge Development Partners, LLC has announced the acquisition of a 54-acre infill site in Downers Grove, IL, with plans to build three industrial distribution buildings totaling 680,420 square feet. Bridge Point Downers Grove, located at the northwest quadrant of Finley Road and Lacey Road, offers unmatched visibility and immediate access to I-88 and I-355, as well as close proximity to I-290 and I-294.

Industrial N Illinois
Merit Partners completes sale-leaseback of Mundelein industrial property

Merit Partners completes sale-leaseback of Mundelein industrial property

David Liebman, SIOR, JD, managing broker of Merit Partners, LLC, was the sole broker in a sale-leaseback for a 38,543-square-foot industrial building in Mundelein, IL. Venture One Real Estate, through its acquisition fund, VK Industrial IV, LP, a partnership between Venture One and Kovitz Investment Group, acquired the building on 3.12 acres of land located at 939 Tower Road.