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So far Chicago has created 47 blog entries.

Location Lens: Chicago Ranked One of Top Office Markets

Economic growth, population, transportation, costs and CRE fundamentals stack up CHICAGO, July 12, 2018 – Cushman & Wakefield recently compared the 25 largest office markets by looking at five factors vital to attracting and retaining occupiers: economic growth, population makeup, transportation options, costs, and commercial real estate fundamentals. The economy continues to grow, as strong business fundamentals drive commercial real estate across the country. Just as companies fervently battle to attract much-needed talent, cities are engaged in their own battles to draw and retain companies. As with many national comparisons, Chicago ends up looking attractive when compared to the largest U.S. cities. Its gross metropolitan product (GMP) is the third largest in the country at $497.3B. Chicago is one of the most diversified economies in the nation and home to more than 400 major corporate headquarters, including 36 in the Fortune 500. Chicago is also home to a huge talent pool and [...]

2018-07-12T14:39:04+00:00 July 12th, 2018|0 Comments

Cushman & Wakefield Represents Snap36 in Fulton Market HQ Relocation

Growing Tech Firm Triples its Office Space in Vibrant, Chicago CBD Submarket CHICAGO, July 11, 2018 – Cushman & Wakefield announced today that the firm has represented Snap36 in expanding and relocating its headquarters to over 42,000 square feet (SF) at 219 N. Paulina St. in Chicago’s Fulton Market district. Snap36, ranked as one of the fastest growing companies on the Inc. 5000 for the past three years, is a product content services company that specializes in 360°/3D imagery and technology. Cushman & Wakefield Senior Director Adam McCostlin and Director Jordan Decker represented Snap36, while CBRE Senior Vice President Mitch Adams represented ownership of 219 N. Paulina St. Snap36 experienced a 966% growth rate and expanded its occupancy footprint 6X, from 7,000 SF to 42,000 SF, in three years, rendering the company’s previous space in another corner of Fulton Market insufficient. The new creative space at 219 N. Paulina now [...]

Cushman & Wakefield Represents Crowe in Lease Extension and Office Expansion at 225 West Wacker Drive

CHICAGO, July 10, 2018 – Cushman & Wakefield announced today that the firm secured a lease extension and expansion for Crowe LLP’s Chicago office at 225 West Wacker Drive. Once the expansion is completed, Crowe will occupy approximately 51,000 square feet (SF) overlooking the newly developed Riverwalk along the bend of the Chicago River. Crowe is a public accounting, consulting, and technology firm with offices around the world. Cushman & Wakefield Executive Managing Director Scott Goldman and Senior Director Josh Feldman represented Crowe in the transaction. Crowe has been a subtenant at 225 West Wacker for the past four years, occupying nearly 37,000 SF over one and one-half floors. The long-term lease enables Crowe to accommodate robust growth and expand by another 13,000 SF, bringing its total office space to two full floors and more than 51,000 SF. The new floorplan includes an option to renovate both floors, with an [...]

Bridge Development Partners Begins Construction of Bridge Point Downers Grove in Chicago Suburbs

Cushman & Wakefield’s Jason West, David Friedland, Sean Henrick, Michael Magliano and Doug Pilcher Leasing High-Profile Site CHICAGO, June 12, 2018 – Bridge Development Partners, in partnership with Banner Oak Capital Partners, and Cushman & Wakefield announced today that the developer has begun construction on Bridge Point Downers Grove, a speculative distribution development at the intersection of Interstates 88 and 355 that will include three buildings totaling 678,858 square feet. Cushman & Wakefield Executive Managing Director Jason West, SIOR: Executive Directors David Friedland and Sean Henrick, SIOR, CCIM; Managing Director Michael Magliano; and Director Doug Pilcher will represent locally based developer Bridge in leasing the property. The site was formerly slated for mixed-use development before Bridge acquired it in December 2017. It offers direct access to I-88 (nearly 160,000 daily traffic count) and I-355 (nearly 100,000 daily traffic count) via Butterfield Road, Finley Road and Ogden Avenue, and is strategically [...]

Cushman & Wakefield Selected as Exclusive Leasing Agent as Construction Begins on Rosalind Franklin University Innovation and Research Park

Illinois Department of Commerce and Economic Opportunity Approves Expansion of Enterprise Zone Chicago, May 14, 2018 – Rosalind Franklin University of Medicine and Science, a Cushman & Wakefield client, began construction on its new Innovation and Research Park, where academic and industry scientists and entrepreneurs will work together to translate the university’s biomedical research into new treatments for disease. The university hired Chicago-based Cushman & Wakefield to attract international and national bioscience companies to co-locate in the new science park. “Cushman & Wakefield has an extensive track record advising clients on large leasing projects in North Suburban Chicago. The Innovation and Research Park will provide the bioscience industry with proximate access to RFU’s renowned research programs,” said Jonathan Metzl, Managing Director, Cushman & Wakefield. “It will be the premier complex for the science community to attract the experienced labor pool in Northern Illinois and Southern Wisconsin.” The university held a [...]

Marina Crossings is Chicago’s Largest Speculative Industrial Project in Modern History

Delivering Later This Year at the crossroads of McKinley Park and the Historic Chicago Stockyards CHICAGO, May 9, 2018 – Walls started going up last week on what will be Chicago’s largest speculative industrial project since the Central Manufacturing District broke ground in 1905 on some 260 acres along Pershing Road. Marina Crossings, a premier infill industrial development, sits just blocks away from the historic CMD in the McKinley Park/Stockyards area of Chicago, a one-of-a-kind urban area renowned for its rich industrial history. The property is rail served, sits on 35 acres, and comprises over 633,000 square feet of state-of-the-art industrial amenities – features include 32-foot ceilings, cross docking, precast construction, and ample expandable car and trailer parking. “As Chicago holds the title as one of the largest industrial markets in the nation, the McKinley Park and Stockyards neighborhoods surely hold the title of the most historically significant industrial corridors [...]

Cushman & Wakefield Joins Well Living Lab as a Founding Alliance Member

Well Living Lab is a collaboration between Delos and Mayo Clinic May 9, 2018 – Cushman & Wakefield announced today that it has joined the Well Living Lab as a Founding Alliance member. The Well Living Lab is a research facility built to study and understand the interaction between health, wellbeing, and indoor environments through human-centered research. Cushman & Wakefield is dedicated to evolving the built environment to best support human needs and enhancing the performance of people in the workplace by making wellness a priority. “Wellness is a strategic imperative for our firm and for our clients,” said John Forrester, President, Cushman & Wakefield. “We understand the value of investing in health and well-being and that it will provide both immediate and long-term benefits. At Cushman & Wakefield, we are taking a leading role in the wellness movement and becoming a Founding Alliance member of the Well Living Lab [...]

2018-05-10T09:08:46+00:00 May 10th, 2018|0 Comments

Cushman & Wakefield Announces Sale of Medical Office Condominium De-conversion

Acquired by private equity healthcare real estate investor IRA Capital CHICAGO, April 18, 2018 – Cushman & Wakefield announced today that Gino Lollio and Scott Niedergang of the firm’s Healthcare Capital Markets team have facilitated the sale of the Fletcher Drive Medical Center located 40 miles northwest of Chicago in Elgin, Illinois, to California-based private equity real estate investor IRA Capital. Fletcher Drive Medical Center consisted of ten medical office condominiums totaling 40,000 Square Feet that were individually owned by various physician groups. Prior to sale, Scott and Gino consulted the condo association to maximize the value of their individual units by pursuing a portfolio sale of all the units simultaneously. At closing, IRA Capital collapsed the condo association and converted the asset to a standard multi-tenant medical office building. As part of the sale, each physician group agreed to lease back their units at lease terms ranging from 5 [...]

2018-05-10T09:00:44+00:00 April 19th, 2018|0 Comments

Group Selects Cushman & Wakefield to Lease Metro Chicago Industrial Property

Britt Casey and Jeff Matella Lead Marketing Efforts for 350 S. Church St. in Addison CHICAGO, March 22, 2018 – Cushman & Wakefield announced today that The Silverman Group has selected the firm to market for lease 350 S. Church St. in Addison, IL. The New Jersey-based developer/investor acquired the 87,219-square-foot building earlier this month and has named Cushman & Wakefield’s Britt Casey and Jeff Matella as exclusive marketing agents. The modern, recently updated facility features 7,150 square feet of office space, 24-foot clear heights, 13 exterior docks, one drive-in door and 59 car parking space (expandable). The building is ideal for manufacturing, assembly, food processing and warehousing operations, and is centrally located with easy access to major roadways including Interstate 355, Interstate 290 and Interstate 390 (Elgin O’Hare Expressway). “We are very pleased with the acquisition of 350 S. Church St., a nice addition to our existing industrial portfolio [...]

2018-03-22T12:34:00+00:00 March 22nd, 2018|0 Comments

Cushman & Wakefield Recognizes Top Producers in Chicago for 2017

CHICAGO, March 15, 2018 – Cushman & Wakefield celebrates hard work, passion, and a commitment to clients in 2017 with the announcement of its top producers in Chicago. The firm’s global headquarters honors 25 individuals across its brokerage service lines including Capital Markets, Tenant Representation, Industrial, and Agency Leasing. “These dedicated individuals consistently make a tremendous impact on our Chicago business, culture, and clients,” said Vicki Noonan, Chicago Managing Principal, Cushman & Wakefield. “I am honored to recognize their efforts and contributions to commercial real estate. I know they will be the first to acknowledge that their success is a testament to their teams and the spirit of collaboration that makes Cushman & Wakefield stand out in this industry.” The 2017 Chicago Overall Top Producer was Jack Keenan, followed by Alex Smith and Britt Casey – all are Executive Managing Directors. These three brokers also earned a place on Cushman [...]

2018-04-23T15:29:27+00:00 March 15th, 2018|0 Comments