In the News

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 [...]

Victoria L. Noonan Joins Cushman & Wakefield as Chicago Managing Principal

CHICAGO, September 19, 2016 – Cushman & Wakefield announced today the appointment of Victoria L. Noonan (Vicki) as Chicago Managing Principal. As Managing Principal, Noonan will provide strategic leadership to a metro Chicago team of more than 350 brokerage, property management and project management professionals who serve the firm’s investor and occupier clients. Additionally, she will guide the firm’s future growth and recruiting efforts. Noonan joins Cushman & Wakefield from Tishman Speyer, where she began her career as an administrative assistant in 1978 and rose to Managing Director and leader of the firm’s Chicago and Milwaukee leasing teams, responsible for a 9 million-square-foot portfolio of Class A office space. “Vicki is one of the most respected real estate executives in Chicago who was the face of Tishman Speyer for decades,” said Shawn Mobley, Cushman & Wakefield President, East Region. “Her experience, leadership and perspective are unsurpassed in our market. I’m [...]

Keith Puritz, Brett A. Kroner, Eric Fischer, Michael Scadron and Marc Samuels Join Cushman & Wakefield in Chicago

CHICAGO, Sept. 8, 2016 – Cushman & Wakefield announced today that a leading industrial brokerage team including Keith Puritz, Brett Kroner, Eric Fischer, Michael Scadron and Marc Samuels has joined the firm’s Chicago Industrial Services group. Puritz and Kroner will serve as Executive Directors, while Fischer will serve as Senior Director. Additionally, Scadron and Samuels will serve as Associates. In his 27-year career, Puritz has closed more than $2.8 billion in sale and lease transactions. Both he and Kroner, whose career in industrial brokerage spans 19 years, are returning to Cushman & Wakefield where they were partners from 1997 to 2002 and top industrial producers in 2000 and 2001. “Keith and Brett’s team is a tremendous addition to our Chicago operations, and we couldn’t be happier to welcome them – or welcome them back – to Cushman & Wakefield,” said Shawn Mobley, Cushman & Wakefield President, East Region. “As the [...]

2018-04-23T15:29:30+00:00 September 8th, 2016|0 Comments

Cushman & Wakefield Hires Trio of Incentives Experts

CHICAGO, Sept. 1, 2016 – Cushman & Wakefield has announced the expansion of its Business Incentives Practice with the addition of Jason Lake, Bradley Migdal and Shannon O’Hare. Using a multifaceted methodology that begins with careful analysis of location-specific data, Cushman & Wakefield’s Business Incentives team identifies all viable real estate options, provides detailed due diligence on all aspects of the required infrastructure, and secures and administers negotiated business incentive packages. “Jason, Brad and Shannon each bring a profound level of experience and expertise, supporting our mission to grow our incentives group with industry leaders,” said Kevin Hughes, President, Portfolio Solutions at Cushman & Wakefield. “We are fortunate to add these talented professionals to an area of practice that is in high client demand and look forward to further expanding the capabilities of our full-service real estate platform.” Lake joins Cushman & Wakefield as Senior Managing Director after spending more [...]

Cushman & Wakefield Marketing Pershing Crossing for Investment or Leasing Opportunity

CHICAGO, Aug. 30, 2016 – The City of Chicago, owner of Pershing Crossing, has engaged Cushman & Wakefield to market the former military installation in the city’s historic Central Manufacturing District to potential investors and tenants. For 65 years, Pershing Crossing functioned as the U.S. Sixth Army Headquarters and Quartermaster Depot. Today, the three-building, 1.7 million-square-foot complex is undergoing re-visioning and redevelopment into a strategic location for commercial office and data center use. Cushman & Wakefield Vice President Daniel Nack heads the United States leasing team, while Senior Director Richard Howard leads the United Kingdom team. Vice President Lexis Livengood and Director Benjamin Cleveland round out the Cushman & Wakefield marketing team. “Based on their size, load-bearing capacities, and connectivity to nationwide communication networks, the Pershing Road buildings offer significant opportunities for modern commercial uses,” said David L. Reifman, commissioner of the Chicago Department of Planning and Development. “The City [...]