In the News

DuPage Montessori School Leases Original Calamos HQ in Naperville

CHICAGO, July 6, 2016 – Cushman & Wakefield has announced that DuPage Montessori School, a private non-profit educational institution, has signed a new long-term lease for two full floors at 1111 E. Warrenville Road in Naperville, Ill. Owned by Calamos Investments, the 38,425 square foot office building is currently vacant and will be redeveloped into a PreK-8 school complete with an outdoor playground and artificial turf athletic field. Construction is slated to kick off in summer 2016 and is expected to be completed in time for the 2017-2018 school year. Cushman & Wakefield Senior Vice President Adam McCostlin and Associate Brian Duffy led the lease transaction on behalf of DuPage Montessori School, with support from Executive Managing Director Chris Wood and Vice President Jordan Decker. “DuPage Montessori School prides itself on being one of the largest and most advanced progressive schools in the Chicagoland area,” said Colin Breen, Director at [...]

Cushman & Wakefield Names North America’s Top 15 “Cool Streets”

CHICAGO, June 27, 2016 – A new breed of urban, experiential, and independent mid-market retailers catering to millennial consumers has led to the rise of 100 “Cool Streets” across the U.S. and Canada, according to an inaugural report released today by global real estate services firm Cushman & Wakefield. The firm’s first-ever Cool Streets of North America report explores the phenomena behind the rise of dozens of new, edgy retail districts across the U.S. and Canada. While some of these areas featured in the report are longstanding bohemian enclaves and focal points for local arts, music, or LGBT communities, the renaissance in nearly all of the Cool Streets has been driven by an explosion of unconventional new retail concepts. The report captures the top 15 Cool Streets as follows: Sunset Park in Brooklyn; Logan Square in Chicago; Over-the-Rhine in Cincinnati; RiNo in Denver; Silver Lake in Los Angeles; Wynwood in [...]

Cushman & Wakefield Completes 191,453 SF of Office & Industrial Leases at Yorkbrook Business Park

CHICAGO, June 7, 2016 – Cushman & Wakefield has completed 22 transactions totaling 191,453 square feet of office and industrial space at the Yorkbrook Business Park in Lombard, Illinois on behalf of Venture One Real Estate. The completion of the new and renewal leases brings the 736,000 square foot, 18-building portfolio, which was acquired by Venture One in March 2016, to approximately 94% occupied. Cushman & Wakefield Senior Director Sean Henrick and Associate Joseph Gatto represented Venture One in the industrial leases, which ranged from 1,338 to 30,627 square feet. Cushman & Wakefield Senior Director Michael Simpson and Associate Allyson Yates are marketing the flex and office properties on behalf of Venture One. Consisting of both single and multi-tenant properties, the portfolio includes 12 industrial properties and six flex office properties. Venture One recently completed renovations to vacant suites, including new energy-efficient lighting and high-end office finishes. The company has [...]

Cushman & Wakefield Arranges 134,514 SF Lease for Zurn Industries

CHICAGO, June 2, 2016 – Cushman & Wakefield has announced that Zurn Industries, LLC has signed a 134,514 square foot lease at 340 County Line Road in Bensenville, IL. A subsidiary of Milwaukee-based Rexnord Corporation, Zurn Industries is relocating its operation in Elkhart, IN and consolidating with its existing operations in the Chicago area. The company will bring the new, Class A 184,170 square foot distribution facility to 100% occupancy with Geib Enterprises leasing the remaining space. “Our center in Elkhart has allowed us to deliver exceptional service to our customers for many years,” said Ken Witter, Director of Real Estate at Rexnord Corporation. “Our new facility in Chicago’s O’Hare marketplace will allow us to further optimize our operating strategies, and maximize our exposure in the Chicagoland area.” Newly constructed in November 2015, 340 County Line Road is a premier 5-star warehouse located 20 miles west of downtown Chicago in [...]

Leah Dauer Murphy Joins Cushman & Wakefield as Senior Director, Leader of Valuation & Advisory’s Midwest Hospitality & Gaming Practice

CHICAGO, June 2, 2016 – Cushman & Wakefield announced today that Leah Dauer Murphy has joined the firm as Senior Director and will lead the firm’s Hospitality & Gaming Practice, within Valuation & Advisory, in the greater Chicago region. “We could not be happier having Leah join the Hospitality & Gaming Group. She is a proven leader in the industry and fully invested in the hospitality world,” said Eric Lewis, Executive Managing Director of Valuation & Advisory. “Having Leah on the team will allow us to expand our reach in the market and will be a huge value add for our clients.” Ms. Dauer Murphy has been a real estate Appraiser since her graduation from Washington State University in 2007 and brings over nine years of experience in commercial real estate. She has spent the majority of her tenure focused on the valuation of hospitality assets and land and has [...]

Cushman & Wakefield Represents Eleven Hundred, LLC in $53.2M Sale of Gold Coast Retail Asset

CHICAGO, May 31, 2016 – Cushman & Wakefield has represented Eleven Hundred, LLC (Principals David Pisor and Jim Lasky) in the $53.2 million sale of a retail property at 1100 N. State St., in the heart of Chicago’s Gold Coast neighborhood. The Ohio State Teachers Retirement System acquired the fully leased property. The sale was led by Cushman & Wakefield Senior Director Michael Marks, and Trisha Connolly of Cushman & Wakefield’s Equity, Debt & Structured Finance group provided financial advisory services for the transaction. “Cushman & Wakefield executed on this off-market transaction, vetting a qualified pool of buyers,” said Mr. Pisor. “We made a significant commitment to this property, and we couldn’t be more pleased with the management, financing and leasing efforts that led to the sale of this premier asset.” Urban Outfitters occupies 19,007 square feet at the four-story, 33,597 square foot property located at 6-8 W. Maple and [...]

Cushman & Wakefield Arranges $15M Sale of Fabyan Randall Plaza

CHICAGO, May 16, 2016 – Cushman & Wakefield has arranged the sale of Fabyan Randall Plaza, a 91,415 square foot shopping center anchored by Trader Joe’s and Walgreens located at 1980 W. Fabyan Parkway in Batavia, Ill. Senior Directors Evan Halkias and Michael Marks, and Director Nick Kanich of Cushman & Wakefield’s Retail Investment Advisory Group represented the seller, InvenTrust Properties. The buyer was Dallas-based Netco Investments, Inc. “Fabyan Randall Plaza is well positioned along the heavily-travelled Randall Road corridor,” said Halkias. “By leasing the existing vacancy and leveraging the co-tenancy of Trader Joe’s and Walgreens, the new owner has an opportunity to add significant, immediate value.” Situated on 11 acres, Fabyan Randall Plaza has a prominent location at the intersection of Randall Road and Fabyan Parkway with more than 60,000 vehicles passing the shopping center daily. In addition to Trader Joe’s and Walgreens, other national tenants include Smashburger, Sports [...]

Rich Hamilton Joins Cushman & Wakefield to Head 3PL Specialty Practice

ROSEMONT, Ill., May 9, 2016 – Rich Hamilton has joined Cushman & Wakefield as managing director and head of the commercial real estate services firm’s newly formed 3PL Logistics Specialty Practice Group. He is based in the company’s Rosemont office, which serves as the home base for its Americas Logistics & Industrial Services team. A resident of St. Charles, Ill., Hamilton brings a diverse professional background in manufacturing and supply chain, third-party logistics, and industrial real estate – most recently serving as Prologis’ first vice president, Global Customer Solutions. In his new role, Hamilton is teaming with Cushman & Wakefield’s industrial brokers, research and strategic consulting professionals and other special practice groups to provide facility and real estate advisory services for third-party logistics providers. “Rich is an excellent addition to both our Chicago and U.S. Industrial teams,” noted John Morris, executive managing director of Americas Logistics & Industrial Services. “His [...]

Clifton and Cummins Join Cushman & Wakefield

CHICAGO, April 19, 2016 – Cushman & Wakefield has recruited Kevin Clifton and Chris Cummins to join the firm’s growing Chicago suburban office team. Mr. Clifton joins as Executive Vice President from CBRE; Mr. Cummins joins as Executive Director from Colliers. Previously Mr. Clifton and Mr. Cummins worked as a suburban agency leasing team at Colliers, and have now brought that successful business model to Cushman & Wakefield. “This is a major step forward as we continue to build and grow our suburban office practice,” said Shawn P. Mobley, Cushman & Wakefield’s East Region President and Chicago Market Lead. “Kevin and Chris – coming back together as a team – is a major win for our clients. It adds to our overall strong momentum in agency leasing in Chicago, which has really accelerated since Jack McKinney and his team joined us in 2015.” Mr. Clifton and Mr. Cummins are the [...]

Sean D. Kropke Joins Cushman & Wakefield from CBRE

CHICAGO, April 11, 2016 – Cushman & Wakefield has recruited Sean Kropke, a leading office broker focused on Chicago’s suburban office market. Mr. Kropke joins as an Executive Director, from CBRE where he started his career in 1993. “Building our suburban market is a key priority for the firm – we need to offer the best talent and our full platform for our clients in the dynamic market,” said Shawn Mobley, Cushman & Wakefield’s East Region President and Chicago Market Lead. “Sean has outstanding market knowledge, and a deep understanding of his clients’ needs. He’s a great addition to our team.” Mr. Kropke has worked in the North Suburban market since 1993. He has extensive local market knowledge allowing him to specialize in tenant representation for mid-to-large sized companies. His expertise in tenant and landlord assignments brings a unique focus for both occupiers and investors of commercial office space. Over [...]