Industrial N Illinois Machine tool distributor Yamazen relocating to seven-acre Elk Grove Village property CBRE recently represented National Roofing Contractors Association in the sale of a vacant, seven-acre site at the Northwest Point Office Park in Elk Grove Village, Illinois to Yamazen, Inc. Yamazen will relocate its headquarters to the new location, 111 Northwest Point Boulevard.
CRE X Missouri St. Louis office of CBRE makes pair of hires The St. Louis office of CBRE recently made two new hires.
Office V Michigan CBRE closes disposition of office park near Detroit CBRE, Inc. recently completed the disposition of Northfield Office Park, 5600 and 5700 Crooks Road in Troy, Michigan.
Retail N Illinois Friedman Properties to re-redevelop River North landmark, Medinah Temple Friedman Properties has acquired Medinah Temple, a Chicago landmark located at 600 N. Wabash Avenue in the city’s River North neighborhood. Currently home to a Bloomingdale’s home goods store, Friedman will redevelop the property for the second time in 16 years.
Office N Illinois CBRE brokers lease for Brown & Joseph office space in Itasca CBRE recently represented Brown & Joseph LLC in a 23,310-square-foot lease at One Pierce Place in Itasca, Illinois. Mark Smith of CBRE represented Brown & Joseph in the transaction. Ownership, Hamilton Partners, was represented in-house by Patrick McKillen.
Retail i Ohio CBRE helps bring Tex-Mex restaurant to Columbus' Polaris Fashion Place Chuy’s Tex Mex will open at the Polaris Fashion Place retail center in Columbus, Ohio, in the fall of 2019. Chuy’s is moving into the 7,000-square-foot building that was the site of the former Smokey Bones, 1841 Polaris Parkway.
CRE N Illinois Chicago could have a bear market headed its way, per DePaul’s CRE sentiment survey Chicago’s commercial real estate professionals maintain optimism about the local real estate market, though perhaps with less fervor than in the recent past. Property, transfer and progressive taxes at the state and local levels, as well as other political uncertainties, have left some worrying about a coming bear market.
Office N Illinois Cushman & Wakefield reps Planmeca in purchase of new U.S. HQ in Hoffman Estates Cushman & Wakefield facilitated Planmeca USA Inc.’s purchase of the former Serta Mattress building at 2600 Forbs Avenue, in Hoffman Estates, Illinois where they will relocate their U.S. headquarters this year.
Industrial N Illinois CBRE to market rebranded industrial project, Elion Logistics Park 55 Elion Partners has retained CBRE as the exclusive listing agent for Elion Logistics Park 55 (ELP 55), a 2,500-acre, rail-served industrial park. Located 40 miles southwest of Chicago in Wilmington, Illinois, ELP 55 offers three miles of frontage and a complete interchange on I-55, rail service via BNSF’s Transcontinental Mainline and potent…
CRE p Tennessee Nashville's Foundry Commercial names senior vice president Nashville, Tennessee-based Foundry Commercial named Vince Dunavant senior vice president of advisory and transaction services. Throughout his nearly 30-year career in the commercial real estate industry, Dunavant has worked with, or alongside, many of the executives at Foundry Commercial, so this appointment marks a homecoming of sorts for him.
Industrial Midwest As online grocery sales grow, cold-storage demand heats up The demand for new distribution centers across the country has been well-documented: Consumers increasingly want their gym shoes, video games and flat-screen TVs delivered in one or two days. But the growth of online grocery sales has boosted demand for another kind of warehouse, cold-storage. And that demand is only expected to rise, accor…
CRE i Ohio Third + Dayton mixed-use project moving ahead in Ohio This summer, about 100 Miami University Hamilton students will move to the Third + Dayton project, a mixed-use redevelopment in downtown Hamilton, Ohio. The property owner, Industrial Realty Group, LLC (IRG), will renovate three floors of one of the former Ohio Casualty buildings into apartments. A portion will be used for international stu…
Retail N Illinois CBRE completes three Chicago-area deals with Planet Fitness CBRE recently represented three separate landlords in leases to Planet Fitness for a combined 60,404 square feet in Chicago’s northwest suburbs. In each transaction, Joe Parrott, CRX, CLS, senior vice president at CBRE, represented the landlord.
Office Q Kentucky NAI Isaac helps bring analytics company to Lexington's Chase Tower NAI Isaac represented the landlord in a 7,728-square-foot office lease at Chase Tower in Lexington, Kentucky.
CRE W Minnesota CBRE names managing director in Minneapolis office John Boich has been promoted to managing director of property management for the CBRE Minneapolis market.
Industrial N Illinois Lee & Associates negotiates long-term, 308,782-SF lease Lee & Associates of Illinois has closed a long-term lease renewal and expansion for a 308,782-square-foot industrial space located at 880 S. Rohlwing Road in Addison, Illinois. The tenant, Ferguson Enterprises, is renewing their lease on 260,099 square feet and expanding into an additional 48,683 square feet.
Office W Minnesota CBRE to handle leasing of 400,000-square-foot office tower in Minneapolis CBRE announced has been awarded the exclusive leasing assignment for Canadian Pacific Plaza, a 400,000-square-foot Office Tower at 120 S. Sixth St. in the Minneapolis Central Business District. The property is owned by Artis REIT.
Multifamily N Illinois Gold Coast condo building seeks deconversion buyer CBRE has been retained to list 21 East Chestnut Condominiums, a 163-unit condo property in Chicago, for deconversion to apartments. Built in 1962 and converted to condos in 1979, the 25-story multifamily tower offers a mix of studio, one-bedroom and two-bedroom units.
Retail N Illinois CBRE brokers deal bringing women’s intimate apparel brand, LIVELY, to Chicago LIVELY, a women’s intimate apparel and lifestyle brand, opened its first Chicago location at 823 W. Armitage Avenue in Chicago’s Lincoln Park neighborhood on May 22. CBRE’s Amanda Aaron, Kim Wiskup, Todd Siegel and Phil Golding represented LIVELY in the 1,377-square-foot lease.
Retail N Illinois CBRE brokers $21M sale of Oakbrook Terrace shopping center CBRE recently brokered the sale of 22nd Street Plaza, a 176,164-square-foot retail property at 17W734 22nd Street in Oakbrook Terrace, Illinois. George Good and Christian Williams of CBRE represented the owner, Kimco Realty Corp. A California-based private investor acquired the property for $21 million.