Industrial N Illinois Cushman & Wakefield reps e-commerce fulfillment firm in flagship lease Cushman & Wakefield has represented ShipFusion Inc. in its 381,600 square foot lease at 365 E. North Avenue in Carol Stream, Illinois. The location will be home to the company’s new U.S. flagship operation. ShipFusion provides proprietary inventory management software and a wide range of fulfillment services including freight, insurance, re…
CRE N Illinois Jeremy Werner and Nick Anthony join amenities management company, LulaFit LulaFit, an amenities management company, has hired Jeremy Werner and Nick Anthony to their growing team. Anthony has been appointed as chief operating officer, and Werner as chief financial officer. Both are based out of LulaFit’s Chicago headquarters.
Industrial N Illinois Spec please! Users flock to speculative space to close out 2019 Of the speculative industrial space developed in the Chicago market during this cycle, more than 70 percent of it is now leased. And this figure only continues to rise, suggesting that supply is not yet outpacing demand.
Retail V Michigan Mid-America sells 52,000-square-foot retail center in Michigan Mid-America Real Estate Corporation’s Investment Sales team recently brokered the sale of Livonia Marketplace in Livonia, Michigan. The 52,730-square-foot retail center was purchased by an New Jersey-based East Gate Alliance, LLC.
CRE X Missouri St. Louis' BurkHill taps industry veteran as managing principal BurkHill Real Estate LLC, a St. Louis-based private real estate investment company, has named Paul Hilton managing principal at the company he co-founded with Mark Burkhart, former chief executive officer of Cassidy Turley, in 2016.
Retail N Illinois Puttshack signs lease at Oakbrook Center Puttshack, an upscale, tech-infused mini golf experience, has signed a lease at Oakbrook Center, Brookfield Properties’ shopping and entertainment center in Oak Brook, Illinois. Puttshack Oak Brook is currently slated to open in late 2020.
Retail v Wisconsin Mid-America sells retail center near Milwaukee Mid-America Real Estate Corporation’s investment sales team recently brokered the sale of Drexel Town Square Outlot in Oak Creek, Wisconsin. The 7,882-square-foot retail center was sold to a private buyer.
Office N Illinois Nestor Eliadis joins The Instant Group as Americas COO, CFO Flexible workspace firm The Instant Group has hired Nestor Eliadis firm as Americas chief operating officer and chief financial officer. He will be based in the firm’s new Chicago office, working alongside Instant’s newly appointed CEO Americas, Joe Brady. Eliadis will lead operations and finance for The Instant Group in the Americas, a fas…
Office i Ohio VPL moves corporate headquarters to Columbus area VPL, a supply chain technology company, has relocated its corporate headquarters to 440 Polaris Parkway in Westerville, Ohio, to accommodate rising headcount needed to support its continued business growth. VPL will occupy 24,000 square feet in the building, which will bear the company’s name.
Retail X Missouri StorCo buys 100,000-square-foot shopping center in O'Fallon StorCo Storage has purchased the O’Fallon Square Shopping Center in O’Fallon, Missouri, and plans to build a 100,000-square-foot self-storage facility inside one of the strip center’s two existing freestanding buildings.
CRE N Illinois More than 900 CRE professionals pack the house for the 2020 Forecast Last Thursday, January 9, REjournals hosted their annual Chicago Commercial Real Estate Forecast conference at the Hyatt Regency Chicago. Considered by many in the industry to be the kickoff event of the year, the conference—now in its 18th year, attracted more than 900 CRE professionals for a day of networking and insight.
Finance Midwest Draper & Kramer closes more than $100 million for three Midwest portfolios Draper and Kramer, Incorporated’s Commercial Finance Group closed more than $100 million in loans for three commercial real estate portfolios comprising about 3.7 million square feet in assets throughout the Midwest. The loans included the refinance of an eight-building industrial portfolio in the greater Milwaukee area; an acquisition loan…
Multifamily N Illinois Wheeling rental property sells off-market for $54 million 33 Realty’s Sean Connelly represented Naperville, Illinois-based Marquette Companies in the off-market acquisition of Foxboro Apartments, a 402-unit complex located at 470 Foxboro Drive in Wheeling, Illinois. The seller, Partnership Concepts, unloaded the property for $54.25 million.
CRE O Indiana Commercial Real Estate Hall of Fame: Fritz Kauffman Each week, Midwest Real Estate News highlights the careers of the newest members of its Commercial Real Estate Hall of Fame. Today, we look at the career of Fritz Kauffman, senior director with the Indianapolis office of Cushman & Wakefield.
CRE v Wisconsin Wisconsin's Boldt makes two hires Jason Schulist has joined Appleton, Wisconsin-based construction firm The Boldt Company as vice president of continuous improvement.
CRE V Michigan Michigan's Farbman Group names new CFO Southfield, Michigan-based Farbman Group, a full-service commercial real estate firm, has promoted Chris Chesney to chief financial officer from executive vice president.
Office i Ohio Alterra purchases 86,000-square-foot office building in Columbus Brad Kitchen, president of Alterra Real Estate Advisors, has purchased the five-story, 86,524-square-foot office building occupied by M/I Homes’ corporate office at 3 Easton Oval in the Easton Town Center mixed-use development in Columbus, Ohio.
Multifamily N Illinois McShane starts construction on affordable mixed-use development in Maywood McShane Construction Company has begun construction on a new affordable housing development for Interfaith Housing Development Corporation. Designed by HED Architects, Fifth Avenue Apartments will be located on South Fifth Avenue in Maywood, Illinois and will incorporate both apartments and ground-floor retail. Completion is expected for Fe…
Office v Wisconsin CentroMotion moving global headquarters to Milwaukee market CentroMotion, a provider of motion, actuation and control solutions, is moving its global headquarters to Riverwood Corporate Center III in Pewaukee, Wisconsin, in the spring of 2020.
CRE N Illinois Corporate Concepts elevates Catie Kill to director of market strategy Corporate Concepts, an office environments company specializing in the sale and integration of high-performance furniture solutions, has created a new position, director of market strategy, promoting Catie Kill in the firm’s Chicago office to that role from business development associate. Kill will be responsible for strategy and developmen…