It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: New York City, Dallas, Las Vegas, Greensboro/Winston-Salem, Boston, Northern New Jersey, Atlanta, South Florida, Baltimore, and Indianapolis.
NEW YORK CITY
Kelly to Lead Newly Created Risk Management Services at Cushman & Wakefield
By Justin Sumner
DTZ named Adam Stanley as its global chief information officer.
Stanley will oversee the operation of DTZ’s technology systems and infrastructure globally, while continuing to advance the integrated platforms used to increase DTZ’s growth in property services. He will be based in the Chicago office and report to the Global CEO, Tod Lickerman.
Prior to joining DTZ, Stanley worked at Aviva PLC as Global CISO and Global CTO out of the London...
San Francisco-based Method unveiled designs for its first manufacturing facility, a plant targeting LEED Platinum certification on a 22-acre site in the Pullman neighborhood of Chicago.
Designed by William McDonough + Partners, the plant includes a refurbished wind turbine, solar panels and abundant natural light. Method has hired Chicago-based Summit Design + Build as the general contractor to build the project, which will bring nearly 100 manufacturing...
Crimson AV, an Illinois-based provider of mounting solutions for audio visuals, signed a five-year lease renewal and expansion for 54,884 square feet at 1854 Elmdale Ave. in Glenview, IL.
The single-tenant industrial building delivered in 1975 and features 20' clear heights, interior loading docks, heavy power and access to the 294 tollway via Willow and Pfingston road, according to CoStar information.
Robin Stolberg, Kurt Sarbaugh and Sam...
Woodland Foods, an Illinois-based specialty foods distributor, leased 155,325 square feet in the industrial facility at 3818 Grandville Ave. in Gurnee, IL.
The 4-Star multi-tenant industrial building totals 338,740 square feet and features heavy power, 28' clear heights and rail access to Chicago & Northwestern, according to CoStar information.
Samuel Badger of Cushman & Wakefield represented Woodland Foods. The property owner, Forefront Properties...
Shidler Group, a Honolulu-based commercial real estate
investment firm, acquired the 22-story Borg-Warner Building at 200 S. Michigan Ave. in Chicago's East Loop from Equus Capital Partners for $69 million, or about $193 per square foot.
The 357,777-square-foot, 4-Star office building
underwent a multimillion dollar renovation in 2001 following Equus Capital Partners' acquisition of the property on behalf of BPG Investment Partnership V, a $225...
Talman Soccer broke ground on the Chicago Fire Soccer Center, a 140,000-square-foot soccer facility located in Chicago's North Side at 3626 North Talman Ave.
The Chicago Fire Soccer Center features two turf soccer fields with an air supported dome. The soccer center will also include a 15,000-square-foot, mixed-use facility for office, retail and training purposes.
The project is privately financed by Talman Soccer. The majority owner is Andrew...
BYTEGRID Holdings, a Northern Virginia-based investor, developer and operator of multi-tenant data center facilities, acquired a 70,000-square-foot data center in Aurora, IL from Continental Casualty Co. for $30.35 million, or about $434 per square foot.
The data center is located about 30 miles west of downtown Chicago at 4267 Meridian Parkway. The building sits on a 5.25-acre corner lot and delivered in 2007. BYTEGRID acquired the property in...
Cincinnati-based Phillips Edison-ARC REIT expanded its holdings in the state of Illinois with the acquisition of The Shops of Uptown in Park Ridge for $27 million.
The 70,402-square-foot, Trader Joe's-anchored center is comprised of three retail condominiums constructed along N. Northwest Highway off I-294 in Chicago's O'Hare submarket.
National retailers currently leasing space at the center include Jos. A. Bank, Chico's, LensCrafters Optique...
Ashford Hospitality Prime (NYSE: AHP) made its first acquisition since its spin-off from Ashford Trust with the purchase of the 32-story Sofitel Chicago Water Tower in downtown Chicago for $153 million, or approximately $369,000 per key.
Designed by French architect Jean-Paul Viguier, the 415-room, 5-Star luxury hotel delivered in 2001 at 20 E. Chestnut St. in Chicago's North Michigan Avenue submarket.
AHP leveraged the transaction with an...
CVS Caremark, a Rhode Island-based healthcare retailer, signed a lease renewal of 102,105 square feet and a lease expansion of 21,000 square feet at 800 Biermann Court in Mount Prospect, IL.
The 102,105 square feet had previously been converted by CVS Caremark into office space
, with 500 parking spots. A division of CVS Caremark currently occupying a portion of that space is going through an expansion and will need the additional 21,000 square...
IBM Corp., an Armonk, NY-based global technology and consulting company, signed a lease deal to renew 63,483 square feet at 10 N. Martingale Rd., a 4-Star office building
located in the Woodfield Preserve Office Center in Schaumburg, IL. Merrill Lynch, Fenner & Smith also agreed to a lease deal, signing for 13,684 square feet.
The Woodfield Preserve I office building delivered in 2000 and totals 304,876 square feet. The property features a fitness...
Heinen's Fine Foods, a Cleveland-based grocery store chain, signed a long-term lease for 61,965 square feet at the Bannockburn Green shopping center located at 2501 Waukegan Rd. in Bannockburn, IL.
The mixed-use community center totals 151,206 square feet of retail space
and serves Deerfield, Lake Forest, Highland Park, Lincolnshire and Bannockburn. The center sits on a corner lot and features an atrium, courtyard and on-site management, according...
Harbor Freight Tools, a privately held discount tool and equipment retailer, signed a 10-year lease for 25,574 square feet at 3550 W. Grand Ave. in Gurnee, IL.
The freestanding, single-tenant retail building was previously occupied by Ethan Allen and features high ceilings, ample parking, renovated facade, signage and visibility from Grand Ave., according to CoStar information.
Mike Streit of Arcore Real Estate Group represented the landlord...