Office N Illinois

Avison Young takes on 1 MSF in property management for AAM

Effective immediately, Avison Young will assume operation of Alter Asset Management’s (AAM) 1 million square feet of class A office property management assignments across multiple states. The portfolio includes properties in Illinois, as well as Pennsylvania, Georgia and New Jersey. The portfolio includes properties owned by AAM’s parent, national developer Alter, as well as other third-party ownership groups.

Office N Illinois
1000 W. Carroll Avenue, Chicago.

Chicago Plan Commission signs off on Fulton Market projects by Sterling Bay

Sterling Bay has won approval from the city’s Plan Commission for two new buildings in Chicago’s hot Fulton Market District. The Chicago developer is proposing one property at 1000 W. Carroll Avenue and another across the street at 345 N. Morgan Street. The dual-building project still need approval from the zoning committee and the City Council before they can break ground.

Office N Illinois
Shapack nets record sale in Fulton Market

Shapack nets record sale in Fulton Market

Shapack Partners has sold 811 W. Fulton Market to Boston-based Intercontinental Real Estate for $50.3 million. The sale price equates to $775 per rentable square, surpassing the previous record in Chicago of $734 that the RxBar headquarters at 412 N. Wells Street in River North achieved earlier this year.

Office N Illinois
The Shuman opens for business, bringing urban office vibe to the suburbs

The Shuman opens for business, bringing urban office vibe to the suburbs

Franklin Partners has officially opened the doors of The Shuman, a socially activated office building that brings urban vibes to a suburban location. Located at 263 Shuman Boulevard in Naperville, Illinois, The Shuman features an extensive amenity floor to deliver a comprehensive workplace experience outside of Chicago’s central business district. The newly redeveloped, 350,000-square-foot office building welcomed its first tenant on September 10.

Office N Illinois
Coworking company, Offix, opens first U.S. location in Chicago

Coworking company, Offix, opens first U.S. location in Chicago

International coworking company, Offix, has opened its very first U.S. office at Catalyst Lofts, located at 917 W. 18th Street in Chicago’s Pilsen neighborhood. Chad Schroedl and Adam Thomas of SVN Chicago Commercial represented the landlord in the 6,394-square-foot lease, while Leibel Moscowitz of Vandon Forbes Real Estate represented the tenant.

Office N Illinois
Former General Motors facility in Broadview sells for $14 million

Former General Motors facility in Broadview sells for $14 million

Mark Nelson, SIOR and Mike Nelson, SIOR, formerly partners of NelsonHill and now senior vice presidents with JLL in San Diego, have closed on the sale of the former General Motors facility located on 17 acres at 2600 S. 25th Avenue in Broadview, Illinois. TradeLane Properties purchased the property for $14,070,000, as their first transaction in their new fund.