In the News

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

American Library Association Appoints Cushman & Wakefield as Strategic Real Estate Advisor

CHICAGO – The American Library Association (ALA) has appointed Cushman & Wakefield as its exclusive real estate advisory firm to assist in the development of strategic real estate options that support the mission, business, and financial goals of the ALA. As their real estate advisor, Cushman & Wakefield will provide the real estate and consulting services needed to achieve the ALA’s stated goals and optimize the value of their current headquarters at 40-50 East Huron that will ultimately help the ALA achieve greater operational excellence, grow its membership base, and have more resources to invest in programs and services for members. “Cushman & Wakefield will provide us with strategic real estate advice and services,” said Mary Ghikas, executive director of the American Library Association. “The firm has the requisite deep experience with not-for-profits and downtown Chicago headquarters and the right resources to help us identify and secure the best real [...]

2018-02-28T13:53:54+00:00 February 28th, 2018|0 Comments

Cushman & Wakefield Expands Chicago Valuation & Advisory Team

CHICAGO, February 22, 2018 – Global commercial real estate services firm Cushman & Wakefield has added three key valuation and appraisal professionals to its Midwest team in the Chicagoland area, the company announced today. The hires are the latest in a string of 140 key talent acquisitions the firm has made over the last year as it expands the reach of its Valuation & Advisory practice group across the Americas. Michael Gathman, MAI, has worked in the real estate industry for more than 20 years and has serviced a wide array of valuation clients including corporations, financial entities, developers, and pension funds. He has provided valuation services for mixed-use developments, industrial, office, retail, and hotel assets, with a particular emphasis on existing and proposed multi-family projects including condominium properties. He joins the firm from NPV Advisors and was previously an appraiser with Realty Services International and Real Estate Counselors International, [...]

2018-04-23T15:29:27+00:00 February 23rd, 2018|0 Comments

Gino Lollio and Scott Niedergang Join Cushman & Wakefield’s Healthcare Advisory Group

Medical Office Investment Sales Professionals Bring National Expertise in Single-Asset and Portfolio Dispositions CHICAGO, February 6, 2018 – Cushman & Wakefield announced today that Gino Lollio and Scott Niedergang have joined the firm as Managing Directors as part of the firm’s National Healthcare Capital Markets Group within Cushman & Wakefield’s Healthcare Advisory Group. Lollio and Niedergang will lead a Chicago-based team that offers healthcare providers, developers and investors a global platform to seamlessly leverage and access the expertise of Cushman & Wakefield’s local experts and leading market position to best devise acquisition, disposition and recapitalization strategies. Additionally, they will continue to advise healthcare providers on capital raising efforts via sale-leaseback transactions. Over the past decade, Lollio and Niedergang have closed on the sale of more than 100 medical-office assets in 20 states valued at more than $700 million, with transactions including single-asset and portfolio offerings of medical office buildings (MOB), [...]

2018-04-23T15:29:27+00:00 February 6th, 2018|0 Comments

Northern Builders, Inc. Breaks Ground on a Two-Phase Development Project at Cherry Hill Business Park in New Lenox, IL

Cushman & Wakefield Marketing New Industrial Development Fronting Interstate 80 CHICAGO, January 29, 2018 – Locally based Northern Builders, Inc. has broken ground on phase one of a two-phase development at Cherry Hill Business Park in New Lenox and Joliet, IL. The Cushman & Wakefield team of Executive Managing Director Jason West, SIOR; Executive Director Sean Henrick, SIOR; Director Doug Pilcher; and Associate Director Mike Magliano are marketing the 171,394-square-foot industrial property on behalf of the Northern Builders, who is on schedule to deliver the building in June 2018. Located at 2401 W. Haven Ave. in Will County, the property fronts Interstate 80 and offers immediate access to Interstate 355 as well as proximity to Interstates 55 and 57. The building has availabilities from 50,000 to 171,394 square feet. “This development will cater to tenants in the 50,000 to 170,000 square foot range who want quick access to I-80 and [...]

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