In the News

Cushman & Wakefield Brings the O’Hare Peninsula Business Park to Full Occupancy

CHICAGO, February 2, 2017 – Cushman & Wakefield announced today that the leasing team of Christopher Lydon, Al Caruana and Britt Casey has closed two leasing transactions at O’Hare Peninsula Business Park to bring the business park to 100 percent leased. Located in Elk Grove Village, IL, O’Hare Peninsula Business Park is a Class A industrial development with seven buildings totaling 256,916 square feet. The Hudson Group, which is based in East Rutherford, NJ, leased 71,478 square feet and was represented by the Cushman & Wakefield tenant representative team of Ray Trevisan, Al Caruana and Britt Casey. Sierra Pacific Industries, which is based in Anderson, CA, leased the remaining 23,826 square feet. Sierra was represented by Cal Payne of CBRE. “O’Hare Peninsula Business Park is one of the Chicago area’s premier business parks,” said Lydon. “Both companies were attracted to the high-end image of the park along with the proximity [...]

2018-04-23T15:29:28+00:00 February 2nd, 2017|0 Comments

Cushman & Wakefield Arranges HQ Lease Renewal for True Value

CHICAGO, January 23, 2016 – Cushman & Wakefield announced today that True Value Company has executed a 125,000-square-foot lease renewal at Presidents Plaza office complex in Chicago’s O’Hare submarket. The recommitment will maintain the hardware cooperative’s headquarters at 8600 W. Bryn Mawr Ave. Cushman & Wakefield Executive Managing Directors Chris Wood and Scott Goldman represented True Value in the transaction. Glenstar Properties LLC, Owner and Manager of Presidents Plaza, was represented in-house by David Trumpy. “We worked closely with True Value’s executive team to evaluate the suburban Chicago office market and assessed a number of options that could meet the needs of the company,” said Wood. “Ultimately, the decision to remain at Presidents Plaza provided True Value with the most favorable combination of economic benefits and facility enhancement options.” Located in Chicago’s O’Hare submarket, Presidents Plaza comprises over 800,000 square feet of Class A office space in four interconnected towers. [...]

Cushman & Wakefield Represents Colbert Packaging in Purchase of 173K SF Warehouse in Kenosha

CHICAGO, January 12, 2017 – Cushman & Wakefield has announced that Colbert Packaging Corporation, a leading manufacturer of folding cartons, rigid setup boxes and paperboard specialty products, has acquired a 173,000-square-foot industrial facility at 9949 58th Place in Kenosha, Wis. The recently constructed, Class A warehouse will serve as the Lake Forest, Ill.-based company’s manufacturing facility for its flexographic packaging operations and related services. Cushman & Wakefield Senior Director Eric Fischer, Executive Directors Brett Kroner and Keith Puritz and Senior Managing Director Bradley Migdal represented Colbert Packaging in the transaction. The seller, Zilber Ltd., was represented by Sergio Chapa of Newmark Grubb Knight Frank. “We started the flexo division 18 years ago and have since been through two expansions. We’re excited to be making this significant investment for expansion that will be the footprint for our projected growth into 2020 and beyond,” said Jim Hamilton, president of Colbert Packaging. Colbert’s [...]

Cushman & Wakefield Completes 70,000 SF HQ Relocation for FMI Inc.

CHICAGO, December 20, 2016 – Cushman & Wakefield has represented FMI Inc., a leading FDA-registered supplier of medical-grade silicone components, in a 10-year, 70,957-square-foot headquarters lease at 500 Bond St. in Lincolnshire, Ill. The move will relocate the company’s headquarters from its current Elk Grove Village location and consolidate several of its regional facilities into one centralized space. FMI also will construct a state-of-the-art clean room at the new location, which will be utilized for the development and production of its medical component products. Cushman & Wakefield Senior Director Chris Lydon and Executive Managing Director Britt Casey represented FMI in the transaction. Nicolson, Porter & List Principal Adam Stokes represented the landlord, UBS, in the transaction. “The move into a larger space and more collaborative environment will support our efforts to foster a culture that’s focused on quality, innovation and exceptional service for our clients,” said Jim Fitzgerald, CEO of [...]

Cushman & Wakefield Releases Food Halls of America Report & Video

  CHICAGO, November 28, 2016 – Global commercial real estate brokerage Cushman & Wakefield today released its Food Halls of America report and video, marking the firm’s first comprehensive national report examining this growing dining trend. The report tracks the explosive growth of food-centered retail since the recession and ranks the top 10 food hall concepts in New York City and the top 20 nationally. The first video in a three-part series showcases New York City food halls and discusses the trend with industry experts like celebrity chef and restaurateur Todd English. “No other retail category has generated as much aggressive expansion over the past few years as food-related retail – and arguably, there is no hotter trend within that category than food halls,” said Garrick Brown, Vice President of Retail Research for the Americas at Cushman & Wakefield. In the first nine months of 2016, food hall growth increased [...]

Cushman & Wakefield Webinar Examines the State of Holiday Retail and the Implications of E-Commerce Growth

CHICAGO, Nov. 21, 2016 – With the holiday shopping season underway, Cushman & Wakefield examined the impact of e-commerce on the supply chain and brick-and-mortar retail in a November webinar. The program, “Bricks vs. Clicks,” focused on why Cyber Monday is eclipsing Black Friday, and the ongoing implications of e-commerce growth into 2017 and beyond. Cushman & Wakefield’s Ben Conwell, eCommerce Fulfillment Practice Group leader (and former Amazon North American operations real estate director), and Garrick Brown, head of Retail Research for the Americas, led the discussion. “November and December comprise the biggest shopping season of the year, and for many retailers sales during these two months represent a major percentage of annual revenue,” Brown said. “In short, this is a make or break time for retail. The good news is that we anticipate 3.7 percent overall holiday retail sales growth in 2016, despite the election and hinging somewhat on [...]

Cushman & Wakefield Represents Universal Beauty Products in Acquisition of 94,682 SF Industrial Facility in Bloomingdale, Ill.

CHICAGO, Nov. 9, 2016 – Cushman & Wakefield has represented Universal Beauty Products Inc. in the purchase of a 94,682-square-foot industrial facility located at 221 Covington Drive in the western Chicago suburb of Bloomingdale. The recently-renovated facility is near Universal Beauty Product’s headquarters in Glendale Heights, and will accommodate the company’s continued growth in the Chicago market. Universal Beauty Products was represented in the transaction by Cushman & Wakefield Senior Director Eric Fischer and Executive Directors Keith Puritz and Brett Kroner. The seller, High Street Realty Company, LLC, was represented by Jeff Fischer and Adam Naparsteck of NAI Hiffman. Located in the highly desirable Central DuPage submarket within the Covington Corporate Center business park, 221 Covington Drive offers 19,115 square feet of premium Class A office space, 25-foot clear heights, five enclosed truck docks, 155 parking spaces, T-5 lighting and an ESFR sprinkler system. “The Central DuPage submarket is incredibly [...]

Cushman & Wakefield Consolidating Chicago Operations at 225 West Wacker

CHICAGO, October 5, 2016 – Cushman & Wakefield announced today that the firm will consolidate its corporate headquarters and Chicago operations at 225 West Wacker in the West Loop submarket. The firm plans to occupy 225 West Wacker in the second quarter of 2017, leasing 83,033 square feet comprising the building’s top four floors. Dan Maslauski, Michael Sessa and Scott Shelbourne represented Cushman & Wakefield in lease negotiations, while Hines’ Brian Atkinson and Mark Anderson represented building ownership, Mirae Asset Global Investments. “This is a great day for our Chicago office and, ultimately, for our clients. As leaders in our industry, our new space will reflect our best thinking on workplace productivity, collaboration, and technology,” said Shawn P. Mobley, Cushman & Wakefield President, East Region. “We’re in the people & ideas business. Bringing our people together in this incredible space attracts great talent and leads to more innovative solutions for [...]

Industry Veterans Join Cushman & Wakefield Enterprise Solutions Platform

CHICAGO, October 3, 2016 – Cushman & Wakefield announced today that industry veterans Bryan Jacobs and  Brian Velo have joined the firm as Executive Vice Presidents of Enterprise Solutions under the company’s Global Occupier Services platform, which focuses on developing new, large, integrated services outsourcing contracts that include strategic consulting, integrated facilities management, transaction management, portfolio administration and business intelligence, and project and development services. Bryan Jacobs, Executive Vice President of Enterprise Solutions and Head of Global Operational Outsourcing, will be based in the Los Angeles office where he will develop and expand the client base in the West, Southwest, and Rocky Mountain states. Additionally, Bryan will partner with Cushman & Wakefield’s service line leadership team in his role as Head of Global Operational Outsourcing.  His many years of experience of developing global IFM outsourcing solutions will be invaluable. Brian Velo, as Executive Vice President of Enterprise Solutions in the [...]