Office N Illinois Aspen Dental signs long-term lease in under-construction Fulton Market building Aspen Dental Management has committed to a long-term, 197,000-square-foot office lease within 800 W. Fulton Market in Chicago. The transaction is the first for the Fulton Market development, a joint venture between Thor Equities and QuadReal. Occupancy is expected with the building’s opening in spring of 2021.
Retail N Illinois Fox Valley Mall welcomes Pandora Fox Valley Mall, a three-story shopping center serving the Aurora/Naperville area, announced the return of national jewelry retailer Pandora. A previous tenant at Fox Valley Mall, Pandora had left the center several years ago but returned following a transformative redevelopment now underway at the shopping center. Expected to open in Spring 2020, the 1,332-square-foot Pandora will be located on Level 2.
Office N Illinois Skender starts interior construction to expand Upwork's Chicago office Skender, serving as general contractor, has started construction on a 34,000-square-foot expansion to Upwork’s current offices in Chicago’s West Loop. Skender built out the orignal space, located at 525 W. Van Buren Street, completing that project in December 2018.
Net Lease N Illinois Flagship Lou Malnati’s restaurant near Chicago sold for $6.4 million JLL Capital Markets closed the $6.4 million sale of an 8,059-square-foot, single-tenant building triple-net-leased to Lou Malnati’s Pizzeria in the Chicago-area community of Oakbrook Terrace, Illinois. JLL marketed the property on behalf of the seller, Vequity, and procured the Chicago-based buyer.
Office N Illinois Buyer sought for 135,000-SF Bolingbrook office building Avison Young has been awarded the exclusive disposition assignment for a fully leased, 134,697-square-foot corporate office building in the Chicago suburb of Bolingbrook, Illinois. The building is 100 percent leased on a long-term basis to ATI Physical Therapy, a leading U.S. outpatient healthcare provider with 887 clinics in 25 states.
CRE N Illinois Caton Commercial Real Estate Group launches new property management company Caton Commercial Real Estate Group, having offered property management as part of its full suite of commercial real estate services, has launched a new property management company, Caton Property Management LLC, and hired property management veteran Barbara Montes to lead the new division within Caton. The firm also hired Roger Chavez as property manager.
CRE N Illinois PREMIER Design + Build Group names Matt Robson as general superintendent PREMIER Design + Build Group has promoted Matt Robson to general superintendent of the firm’s Midwest Division, which is headquartered in the Chicago suburb of Itasca, Illinois. In this role, he will oversee all superintendents in his division and be responsible for managing field staff and field operations, reinforcing adherence to PREMIER’s safety program, and providing leadership to ensure that all projects meet established schedules and PREMIER’s highest standards.
CRE N Illinois 29th Street Capital expands asset management team with hiring of Milos Kozomora Milos Kozomora has joined 29th Street Capital (29SC) as the vice president of asset management. Kozomora, based in Chicago, will oversee the firm’s asset management efforts across its entire portfolio.
Retail N Illinois Multi-tenant retail strip in Chicago's West Lawn sells for $7.5 million Marcus & Millichap brokered the sale of Courtesy Plaza, a grocery-shadow-anchored, 42,346-square foot retail property located in Chicago, according to Steven D. Weinstock, regional manager and first vice president of the firm’s Chicago Oak Brook office. The asset sold for $7,575,000.
CRE N Illinois CRE Future Leaders: Ashlee Pforr Ashlee Pforr joined Chicago-based Skender in 2010 and was recently promoted to project executive at the firm. In her time with Skender, she has overseen numerous interior construction teams on award-winning buildouts for clients like Bank of America, Cars.com, Echo Global Logistics, Hinshaw & Culbertson, SRAM and the Americas headquarters of HERE Technologies.
Office N Illinois Cushman & Wakefield represents IDEX Corporation in moving global HQ to Northbrook Cushman & Wakefield represented IDEX Corporation in a new long-term lease and move of its global headquarters office to 3100 Sanders Road in Northbrook, Illinois. Colliers International represented ownership in the deal. IDEX is expected to move into their new Northbrook headquarters sometime later this summer.
Industrial N Illinois Off market, 110,355-SF industrial building trades in Aurora Transwestern Commercial Services brokered the off-market sale of 2350 Prospect Drive in Aurora, Illinois. The 110,355-square-foot property was purchased by Black Creek Group, a Denver-based real estate investment management firm. Executive vice presidents Justin Lerner and Joe Karmin provided acquisition services on behalf of Black Creek Group.
Office N Illinois The Missner Group welcomes new tenant to Olympian Office Center in Lisle Remprex, LLC has completed an 11-year, 33,000 square-foot lease at Olympian Office Center, 4343 Commerce Court in Lisle, Illinois, in a deal brokered by Pat Elwood of CBRE. Remprex joins tenants Anju Software, Rockwell Automation, Inc. and Application Software Technology. David Florent and Francis Prock of Colliers International represented the owner, The Missner Group, in all four transactions.
Office N Illinois Intercom triples Chicago office space with new Fulton Market lease Intercom, a business messaging platform based out of San Francisco, has signed a 52,676-square-foot lease at 1330 W. Fulton Street in Fulton Market. This represents a significant expansion for Intercom’s Chicago office, which will nearly triple its space at the property from 17,655 square feet. Intercom was represented in the transaction by Kevin McLennan of CBRE, with Joy Jordan, Russ Cora and Gillian Keebler of Sterling Bay representing Sterling Bay.
CRE N Illinois Ryan Companies promotes Jim McDonald to Great Lakes region market leader Ryan Companies US, Inc. announced the promotion of Jim McDonald to market leader of the Great Lakes Region, which consists of offices in the Chicago area and Milwaukee. McDonald, who has worked at Ryan for over 20 years, most recently as senior vice president of real estate development, has been an integral leader in several high-profile projects that have heavily influenced the region.
Multifamily N Illinois Cushman & Wakefield brokers $9.6 million multifamily sale in Gurnee Cushman & Wakefield’s Midwest multifamily advisory group brokered the $9.6 million sale of Carriage House Apartments, a 17-building, 136-unit workforce housing property located at 4344 McClure Avenue, in the northern Chicago suburb of Gurnee, Illinois.
CRE N Illinois Know before you grow: Secrets of successful cannabis facilities As cannabis legalization sweeps the Midwest, demand for facilities to grow, process and sell cannabis products is skyrocketing. A shared concern in every state is product shortages; will there be enough cultivation facilities to provide product to the market? Therein lies the makings of a rush to market—and a building boom.
CRE N Illinois California buyer scoops up mixed-use property in Chicago's Lakeview neighborhood Greenstone Partners sold 2954 N. Sheffield Avenue, a 13,000-square-foot retail and medical office mixed-use building located in Chicago’s prominent Lakeview neighborhood. The property is located less than one mile from Wrigley Field and is across from Advocate Illinois Masonic Medical Center. Greenstone represented the seller, a Chicago-based family office, and also procured the buyer.
Legal N Illinois Douglas LaSota joins Chicago property tax law firm O'Keefe Lyons & Hynes O’Keefe Lyons & Hynes, LLC, a leading commercial property tax law firm based in Chicago, has announced the addition of Douglas J. LaSota as an attorney at the firm. He will be representing Chicago-area businesses and property owners in complex property taxation issues.
Seniors Housing N Illinois JLL closes sale of skilled nursing community, St. Pauls House, in Chicago JLL Capital Markets closed the sale of St. Pauls House, a 171-bed skilled nursing and sheltered care community in Chicago. JLL marketed the portfolio exclusively on behalf of the seller, Lutheran Life Communities, and procured the buyer, an experienced operator of long-term care facilities in Illinois.