Industrial N Illinois Food and beverage industry getting hungrier for big warehouse space With consumers turning in larger numbers to home delivery of groceries, the food and beverage (F&B) sector has begun to take a greater portion of big box industrial leases. In fact, this activity is eating into the dominance that e-commerce has held in this space in recent history.
Multifamily N Illinois 62-unit multifamily property in Chicago's Grand Crossing seeks $5.3 million Essex Realty Group has been exclusively engaged to market 6800 S. Dorchester Avenue on Behalf of NOVO Properties. The 62-unit apartment building, located in Chicago’s Grand Crossing neighborhood, is listed for $5,300,000.
Net Lease N Illinois Marcus & Millichap brokers sale of net-leased Jason's Deli property in Schaumburg Marcus & Millichap arranged the sale of Jason’s Deli, a 5,145-square foot, net-leased property located in Schaumburg, Illinois, according to Steven D. Weinstock, regional manager and first vice president of the firm’s Chicago Oak Brook office. The asset sold for $2,742,500.
Industrial N Illinois ML Realty Partners completes 480,000 SF in Chicago-area lease transactions ML Realty Partners has completed 479,249 square feet in recent Chicagoland lease transactions. The leases were in Chicago, as well as suburban sites Des Plaines, Lockport and Skokie, Illinois.
CRE Midwest Brennan closes acquisition, leaseback of four-building industrial portfolio Brennan Investment Group closed the acquisition and simultaneous leaseback of a four-building industrial portfolio to BlueLinx, a distributor of building and industrial products in the United States, operating through a broad network of distribution centers.
CRE N Illinois IREM Chicago PREMIER Awards slated for March 6 Registration is open for the 16th Annual IREM Chicago PREMIER Awards and Casino Night on March 6, 2020. The annual awards event is hosted by the Institute of Real Estate Management (IREM) Chicago Chapter and recognizes excellence in commercial property management.
Industrial N Illinois Dayton Street Partners adds two Elk Grove properties to its portfolio Chicago-based Dayton Street Partners has closed on two industrial properties in Elk Grove Village, Illinois. The properties, at York and Elmhurst Roads, are situated directly across the street from Chicago O’Hare International Airport and offer direct access to O’Hare’s south cargo entrance via York Road and East Irving Park Road. The inter…
CRE N Illinois On the Corner: LaSalle & Monroe LaSalle & Monroe is the reason I’ve spent the last four years in Chicago. It has been the hub of my life. It’s where I started my first job, was hired by my first manager, created lifelong friendships through the training program at the PrivateBank and it brought me to people I may not have met otherwise. It launched my career and will allo…
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 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…
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 o…
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.
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…
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 pr…
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.
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.
Retail O Indiana Hanley closes $3.8 million sale of Indiana Aldi Hanley Investment Group Real Estate Advisors has arranged the sale of a newly remodeled, single-tenant net-lease property occupied by Aldi in Mishawaka, Indiana. The sale price was $3.795 million, representing a cap rate of 4.5 percent.
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.