Office N Illinois MBRE, Hilco, Origin joint venture acquires West Loop property A joint venture that includes senior executives Kevin Purcell and Peter Westmeyer from MB Real Estate (MBRE), Hilco Redevelopment Partners and Origin Investments has acquired 549 W. Randolph Street in the West Loop. MBRE will provide leasing and asset management services for the seven-story, 123,835-square-foot property.
Office N Illinois J.C. Anderson completes two office build-outs for Wipfli totaling 56,000 SF J.C. Anderson has completed two office build-outs totaling 56,000 square feet on behalf of Wipfli, one of the top 20 accounting and consulting firms in the United States. The projects include a 23,000-square-foot build-out to Wipfli’s offices at One North Wacker Drive in Chicago and a 33,000-square-foot build-out at 100 Tri-State International in Lincolnshire, Illinois.
Office X Missouri Avison Young selling trio of office buildings in St. Louis Avison Young has retained the exlusive right to sell three adjacent office buildings along Lindell Boulevard in the Central West End area of St. Louis. The properties cover a toal of 1.56 acres.
Office N Illinois Leopardo completes redevelopment and repositioning at 311 W. Monroe Leopardo recently completed the redevelopment and repositioning of 311 W. Monroe, a 382,490-square-foot, 15-story Class A office building in Chicago’s Loop. Leopardo, serving as general contractor, worked in collaboration with the building’s owner, Sterling Bay, and architect Perkins+Will to complete the project.
Office N Illinois Post Office targets two more major tenants: PepsiCo and WeWork Chicago’s Old Post Office, which has attracted a number of high-profile tenants to the redeveloping property, may have landed two more. Reports indicate that PepsiCo is in advanced talks to occupy approximately 200,000 square feet while WeWork is looking to take 120,000 square feet of its own.
Office X Missouri Gershman, BurkHill acquire 18-property office portfolio in Missouri Gershman Commercial Real Estate and BurkHill Real Estate LLC have partnered to acquire Sachs Properties’ 860,000-square-foot real estate portfolio in Chesterfield, Missouri. Gershman and BurkHill’s total investment in the properties will exceed $100 million, which includes the purchase price and planned capital improvements.
Office N Illinois The office offering: Why the WeWork IPO is just latest link in a chain of evolution With the biggest name in flexible office space, WeWork, heading to a public offering this month, it’s a sure sign that the sector has grown up. Whether it ends up ill-fated or not, the WeWork IPO suggests one certainty about coworking: the sector has evolved and flexible office operators are catering to a larger client base than in years past.
Office W Minnesota Kraus-Anderson's Minneapolis headquarters earns USGBC award Minneapolis-based Kraus-Anderson Construction Company has received a 2019 Award of Excellence from the U.S. Green Building Council. The USGBC West North Central Leadership Award of Merit recognizes Kraus-Anderson’s new headquarters building in downtown Minneapolis in the category of Innovative Design, New Construction.
Office N Illinois Lamar Johnson Collaborative helps financial trading firm achieve live-work balance Lamar Johnson Collaborative (LJC) has completed a West Loop office for BlackEdge Capital. The space, within a new commercial property in Chicago’s hot Fulton Market area, will serve as both a place to work and a place to thrive—not so much an office as an integral strand of the firm’s DNA.
Office V Michigan NAI Wisinski finds new home for law center in Kalamazoo NAI Wisinski of West Michigan’s Kara Schroer assisted Hamilton Law, PLC in securing office space at 1803 Whites Road in Kalamazoo, Michigan. Hamilton Law has signed a long-term lease at the property and will occupy nearly 1,000 square feet on the top level of the building.
Office i Ohio Reichle Klein closes $1.75 million sale of Ohio office building Reichle Klein Group recently arranged the $1.75 million sale of the St. George Professional Office Building in Maumee, Ohio.
Office N Illinois Skender starts interior construction of Paragon Biosciences' new HQ Skender, serving as general contractor, recently launched the interior renovation of the future 23,000-square-foot headquarters for Paragon Biosciences, a fast-growing life science innovator that invests in, builds and advises bioscience companies.
Office N Illinois PayLink Direct signs 12,808-SF lease at 222 South Riverside in Chicago Colliers International | Chicago’s Tony Karmin represented PayLink Direct in a 12,808-square-foot, long-term lease at 222 S. Riverside Plaza in Chicago. Kim Doyle of JLL represented the building landlord, The John Buck Company.
Office N Illinois Leasing activity begins at The Westwood in Lisle The Westwood at 2441 and 2443 Warrenville Road in Lisle, Illinois, recently kicked off major renovations and leasing activity. The property’s landlord, Briar Meads Capital, engaged world-class architects and designers, Wright Heerema Architects, along with general contractor, J.C. Anderson, to fulfill a full-scale renovation.
Office V Michigan Busy times in Detroit's office market? You bet How vibrant has downtown Detroit become? For clues, just look at how busy the office sector is in both downtown Detroit and its surrounding areas.
Office N Illinois Talks of a sale once again surround Chicago's controversial Thompson Center Illinois Governor J.B. Pritzker has taken the first step toward selling the James R. Thompson Center in Chicago’s Loop. Viewed as an eyesore to some and a post-modern icon to others, the state has a long history of attempting to unload the 1.2 million-square-foot building.
Office N Illinois R2 Companies and Walton Street Capital sell West Loop office portfolio for $65 million A joint venture headed by Chicago-based Heitman has acquired a three-building portfolio in Chicago. Comprised of vintage loft office buildings in the West Loop, the collection of properties sold for approximately $65 million.
Office P Kansas Wiegmann tackling HVAC work on $48 million office building in Kansas Wiegmann Associates has begun HVAC work on the new $48.5 million, 126,200-square-foot Edison District office and retail building in Overland Park, Kansas. Wiegmann Associates is the mechanical contractor for the design/build project. Opus Group is the general contractor and architect.
Office N Illinois Continental Towers set to undergo $15M capital improvement plan Chicago-based developer/investor, GlenStar, and real estate investment adviser, Rubenstein Partners, have announced plans for a $15 million capital improvement campaign at Continental Towers, a 910,796-square-foot office complex located at 1701 Golf Road in Rolling Meadows, Illinois. It’s the second of a two-phase redevelopment project initiated in 2015.
Office P Kansas JLL sells three-building office park in Overland Park JLL Capital Markets experts completed the $22.8 million sale of Executive Centre I, II and III, a three-building office park on 14.1 acres and totaling 222,426 square feet in Overland Park, Kansas. The buyer was Kansas City-based Brain Group.