Third Coast Popcorn Partners LLC acquired the industrial building at 16W030 83rd St. in Burr Ridge, IL from Korman, Lederer & Associates for approximately $3.42 million, or $64 per square foot.
The 53,040-square-foot manufacturing building delivered in 1989 on 3.2 acres in Chicago's South I-55 Corridor Industrial submarket, part of the Hinsdale Industrial Park. It features four interior loading doors and two drive-ins, 18-foot clear heights and...
Stage Equity Partners LLC, a Chicago-based healthcare real estate investment company, closed on its acquisition of Woodland Square, a 52,126-square-foot medical office complex from a local family partnership for $7.2 million, or about $138 per square foot.
The four, single-story interconnected buildings are located in the Alexian Brothers Medical Center in Elk Grove Village, a northwest suburb of Chicago. The center is anchored by Fresenius North...
Coeur Mining, formerly Coeur d'Alene Mines Corp., signed a lease for the 8th and 9th floors in the Monroe Building at 104 S. Michigan Avenue in Chicago, IL. Coeur is the largest U.S.-based primary silver producer and has a growing gold production operation.
The two floors total just under 30,000 square feet. Coeur will relocate its headquarters to downtown Chicago from Idaho in September.
The 16-story, 218,000-square-foot buidling was built...
Jones Lang LaSalle has brought in Christie Kelly moved to from Duke Realty Corp. to serve as its new chief financial officer.
Kelly, who served as executive vice president and chief financial officer for Indianapolis-based Duke, will fill the CFO position formerly held by Lauralee Martin, who has promoted to CEO of JLL's Americas division in January.
Her previous experience outside of Duke Realty includes senior vice president of the Global...
This week's People of Note includes the following markets: Detroit, Charlotte, Phoenix, New York, Charleston, South Florida, and San Diego.
Farbman Group Promotes Gutman, Kalil
By Tim Heise
Farbman Group, a Southfield, MI-based, full-service real estate solutions company, has promoted CFO Andrew Gutman to president of the company. Gutman joined Farbman Group more than 18 years ago. He has worked in several areas of
Blackstone Group LP will sell its interest in a portfolio of power centers across the country to joint-venture partner DDR Corp. (NYSE: DDR) for $1.46 billion.
Beachwood, OH-based DDR and Blackstone acquired the large-format power centers totaling 11.8 million square feet through a joint venture deal that closed nearly a year ago. The latest acquisition, expected to close in the fourth quarter, will generate significant cash flow for DDR in top...
Veterans Distribution Center, an Elk Grove Village-based transportation company, signed a 12-year lease to occupy the entire 295,393-square-foot industrial property at 5999 Butterfield Rd. in Hillside, IL.
The one-story property, located in the Hillside Business Park, was constructed in 1970 and currently sits on a little more than 15 acres of land.
According to CoStar information, Centerpoint Properties purchased the building back in 2006...
Farmers Insurance Group, based out of Los Angeles, renewed its lease for 65,779 square feet of office space
at 2245 Sequoia Drive in Aurora, IL.
The three-story building was built in 1989 near the Orchard Road and I-88 interchange totaling 121,260 square feet.
Farmers will continue to occupy the entire second floor and about 25,359 square feet on the first floor. Other tenants include Benetech, Inc. and Strayer University.
Jeff Miller of DTZ represented...
Furniture retailer The Room Place expanded into another new market, signing a lease for a 23,800-square-foot freestanding building in McHenry Towne Center, a 628,000-square-foot power center located in McHenry County.
The retail space
had been vacant since the former tenant, Borders, moved out in the second quarter of 2011. The Room Place moved in and opened in late April 2013.
The 23,800-square-foot freestanding building is part of the 628...
Primera Engineers, a full-service engineering, design, consulting, and management firm, signed a new lease for 19,101 square feet of office space
in Winthrop Realty Trust's Corporetum VI at 550-650 Warrenville Road in Lisle, IL. The firm will relocate from its current 11,598 square feet in the building this fall.
Corporetum VI is a 172,695-square-foot office building
along the I-88 corridor. NAI Hiffman's Patrick Kiefer, Jim Adler, and Dan O'Neill...
This week's People of Note includes the following markets: Los Angeles, Minneapolis, Washington DC, New Jersey, Chicago, New York, and Indianapolis.
Diaz Returns to Cushman & Wakefield
By Allison Smith
Lalo Diaz has returned to Cushman & Wakefield, Inc. as a market leader for the Downtown Los Angeles market. In his new role Diaz will be responsible for overseeing day-to-day activities, recruitment goals, an
Kin Properties, a privately held commercial real estate
investment firm based in Boca Raton, FL, acquired the 1.4 million-square-foot Sears Logistics Services building from an entity controlled by Bagy Wrinkle LP for a reported $24 million, or about $17 per square foot.
The distribution center at 1600 N. Boudreau Rd. in Manteno, IL services Sears Logistics, which includes Sears, Kmart, and online orders. The property is conveniently located approximately...
An affiliate of Phoenix-based Cole Real Estate Investments acquired the Kingsbury Center at 1400 N. Dayton St. in Chicago, IL for $26.4 million, or about $497 per square foot.
Chicago-based Structured Development sold the newly developed, 53,082-square-foot retail center roughly six months after construction completed. The asset was fully leased at the time of sale to tenants including Best Buy Baby, PetSmart, Road Runner Sports and Jimmy John...
Paragon Real Estate, an Oak Brook-based development company, purchased the former Wickes Furniture building for $3.5 million, or about $82 per square foot, from Chody Real Estate Corp.
The new owners have leased it to Art Van Furniture, which will move in later this year.
The retail showroom is located at 165 Randall Rd. in Batavia, IL and was constructed in 2006. The building has been vacant since 2008 when Wickes Furniture filed for bankruptcy...