In the News

Cushman & Wakefield Arranges $14.3M Sale of Chicago Industrial Properties

CHICAGO, March 15, 2016 – Cushman & Wakefield arranged the sale of 6400 and 6500 West 51st Street, two newly renovated industrial properties located in Chicago’s I-55 corridor. 51st Holdings, LLC purchased the 391,483 square foot portfolio from Venture One Real Estate, LLC for $14.3 million. Cushman & Wakefield Senior Directors Larry Goldwasser and Sally Macoicz, and Associate Directors Colin Green and Michael George represented both parties in the transaction. Venture One acquired the portfolio in 2014 and completed a major capital renovation plan including restored roofs, facade improvements, updated loading docks, revamped office space, lighting and electrical upgrades, and interior and exterior painting. “This is a prime example for the demand in the city for updated, functional properties,” said Goldwasser. “The extensive renovations that Venture One put into the buildings made them competitive with newer product both in the city proper as well as the surrounding Cook County markets,” [...]

Amy Lind Joins Cushman & Wakefield as Managing Director and Chicago Asset Services Leader

CHICAGO, March 14, 2016 – Cushman & Wakefield announced today that Amy Lind, CCIM, RPA, has joined the firm as Managing Director, Asset Services, for the Chicago market. Ms. Lind will be responsible for growing and managing Cushman & Wakefield’s Asset Services business in Chicago, currently consisting of more than 37 million square feet of office, industrial and retail space. She will also focus on enhancing the client experience, recruiting top industry professionals, team engagement, cultivating best practices, and executing consistent processes and procedures across the portfolio. Ms. Lind has 16 years of commercial real estate experience, including significant involvement with both asset and property management of Chicago CBD office properties. She joins Cushman & Wakefield from Transwestern where she was Senior Vice President leading the firm’s Midwest property management group, and was responsible for its 19 million square foot portfolio. Prior to her role at Transwestern, she served as [...]

Leasing Activity at 111 East Busse Ave. Drives Mount Prospect Business Environment

CHICAGO, March 29, 2016 – Cushman & Wakefield has announced the arrangement of four new leases at 111 East Busse Ave., located in the northwest suburbs of Chicago. Cushman & Wakefield Leasing Director Adam Showalter and Associate Connor Lund represented the landlord, Chicagoland investor Gus Dahleh, in the transactions. New tenants include: Baldridge & Associates Structural Engineering, Inc., represented by Mark Brodson of Resource Commercial Sedgwick Advisors, represented by Jack Reardon of NAI Hiffman Chicago Psychological Health Center Good Health to You Dahleh acquired the six-story, 97,191 square foot building in September 2014 and has announced major capital improvement plans for the property, which is anchored by Chase Bank. Scheduled to begin in April 2016, planned renovations include updates to the main lobby and common areas, modernized elevators and a new fitness center. “I am excited about the opportunity to make 111 East Busse the premier commercial office building in [...]

2016-06-06T10:05:58+00:00 April 28th, 2016|Tags: , , , , |0 Comments

Cushman & Wakefield Completes $43M Sale-Leaseback of Distribution Center for Smithfield Foods

CHICAGO, Feb. 1, 2016 – Cushman & Wakefield, a global leader in commercial real estate services, closed the $43 million sale-leaseback of a 419,052 square foot state-of-the-art, newly constructed cold storage distribution center in Greenfield, Ind., on behalf of its client, Smithfield Foods, Inc. Centurion Investments, LLC, a private real estate investment firm based out of Arlington, Va., acquired the property and is leasing it back to a subsidiary of Smithfield. “This sale-leaseback will allow us to redeploy capital and fund strategic initiatives to further enrich our core business offerings,” said Tim Dykstra, Vice President and Corporate Treasurer at Smithfield. “The Cushman & Wakefield team understood our mission and applied their real estate experience and expertise, which led to a great result; they were invaluable partners for us, from beginning to end,” he added. Situated on 47.6 acres, the distribution center, located in Axcess 70 Business Park, is within close [...]