In the News

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 [...]

David Friedland Joins Cushman & Wakefield in Chicago

CHICAGO, Sept. 29, 2016 – Cushman & Wakefield has recruited David Friedland to join its Chicago Industrial Services group, further strengthening the firm’s leading industrial practice. Mr. Friedland, a 22-year industry veteran focused on Chicago’s suburban industrial market, will serve as Executive Director. ”David has an outstanding reputation and unmatched expertise that will elevate our Chicago industrial platform significantly,” said Shawn Mobley, Cushman & Wakefield President, East Region. “We will continue to add exceptional talent to complement our leading industrial platform in Chicago, one of the nation’s top industrial markets, and we could not have asked for a better addition to bolster that growth.” Mr. Friedland joins Cushman & Wakefield from Transwestern. He specializes in industrial sale and lease transactions in the Interstate 88 corridor and surrounding western suburbs. Over his career, he has completed 700+ transactions for corporate and institutional clients valued at $1 billion. Mr. Friedland joined Epic [...]

DRA Advisors, M & J Wilkow Select Cushman & Wakefield to Lease One East Erie

CHICAGO, Sept. 26, 2016 – A joint venture between investment advisor DRA Advisors LLC and M & J Wilkow, Ltd. has appointed Cushman & Wakefield as the exclusive leasing agent for One East Erie, a 125,922-square-foot office and retail property located in the heart of Chicago’s River North district. A Cushman & Wakefield team led by Executive Director Barb Schenberg, Senior Director Jack McKinney Jr. and Director Teddy Walsh will market the available space to prospective tenants. "One East Erie is an outstanding mixed-use property in one of Chicago's most vibrant downtown locations," said Tim Shields, Senior Vice President of Acquisitions and Asset Management for M & J Wilkow, Ltd. "We’re confident that partnering with Cushman & Wakefield will help us achieve our vision of maximizing value for this property using best-in-class leasing coupled with our strong asset and property management expertise. DRA Advisors and M & J Wilkow closed [...]

Cushman & Wakefield Arranges Acquisition of Manufacturing Facility for Danco Converting

CHICAGO, September 22, 2016 – Cushman & Wakefield has represented Chicago-based Danco Converting in the acquisition of an 110,071 rentable square foot manufacturing facility located at 455 E. North Ave. in Carol Stream, Ill. Danco Converting, a commercial paper converting company, will consolidate and relocate its two Elk Grove Village, Ill., operations to the Carol Stream facility. Senior Director Chris Lydon, SIOR, of Cushman & Wakefield and Principal Chad Arthur of Arthur Brokerage Group arranged the acquisition on behalf of Danco, as well as the sale of its former facility located at 1901 Greenleaf Avenue in Elk Grove Village. “Our growing customer base has fueled the need for additional production capacity,” said Dan Mulvey, President and Founder of Danco Converting. “The new facility will dramatically increase our production efficiencies and allow for long-term manufacturing and operational excellence. This is a testimony to our continuous commitment to providing our customers with [...]