capital markets

Cushman & Wakefield Fills Out Chicago Capital Markets Platform with Additions of Jeff Altenau and Zach Yarnoff

CHICAGO, October 21, 2019 – Cushman & Wakefield has further strengthened its Capital Markets team in Chicago with the additions of Jeff Altenau as Executive Managing Director, and Zach Yarnoff as Managing Director. Both come to Cushman & Wakefield from Eastdil Secured, where they worked on notable transactions including Willis Tower, River Point, 150 North Riverside, Easton Town Center and Wells Fargo Center Minneapolis. Altenau will lead the firm’s Debt Capital Markets platform for Chicago and the Midwest. Yarnoff will partner with Altenau in growing the company’s business and execution of large, highly complex structured real estate financings as well as middle market financings across all asset types and service lines. Altenau has nearly 20 years of experience in the institutional real estate debt capital markets with an extensive background working across various parts of the capital stack, including first mortgages, B-notes, mezzanine financings and preferred equity, as well as [...]

Industry Leader Josh McGee Joins Cushman & Wakefield’s Growing Investor Platform in Chicago

CHICAGO, October 1, 2019 – Cushman & Wakefield has announced the addition of Josh McGee as managing director with Corporate Capital Markets. He brings over 20 years of experience in capital markets investments, and will provide advice, analysis and execution to Cushman & Wakefield’s institutional clients in the disposition of single-tenant assets and sale leasebacks. Additionally, McGee will provide credit analysis for single tenant sales as well as multi-tenant sales where one tenant represents a significant part of the rent roll. Prior to joining Cushman & Wakefield, McGee was executive director with JP Morgan’s Asset Management High Yield business unit for four years, where his team managed the JP Morgan High Yield Mutual fund, the JP Morgan Disciplined High Yield ETF, as well as significant institutional investor mandates. Throughout his career, McGee has been directly involved in raising both debt and equity capital for public companies as well as private [...]

Industry Leader David Knapp Joins Cushman & Wakefield’s Growing Investor Platform in Chicago

CHICAGO, Sept. 25, 2019 – Cushman & Wakefield has announced the addition of industry veteran David Knapp as executive managing director on the Office Investment Services team. Knapp brings over 15 years of experience in capital markets investments, executing sales and recapitalization transactions for institutional clients in Chicago and across the Midwest. Knapp comes to Cushman & Wakefield from Eastdil Secured in Chicago, where he was a partner and managing director, working primarily on office investment sales throughout the Midwest. Since 2010, he has been involved with over $10 billion in recapitalizations. Notable transaction experience includes Willis Tower, 1KFulton, One North Wacker, 71 South Wacker and T3 Minneapolis. Vicki Noonan, Chicago Managing Principal at Cushman & Wakefield: “Adding a professional of David’s caliber further demonstrates our commitment to providing our clients with best-in-class insights on how to maximize the value of real estate holdings. He is an industry leader who [...]

Cushman & Wakefield Arranges Sale of Tuscaloosa Surgical Center and Medical Office Building

Gino Lollio and Scott Niedergang Represented the Seller and Buyer CHICAGO, November 28, 2018 – Cushman & Wakefield has arranged the $7.85 million sale of Tuscaloosa Surgical Center and Medical Office Building at 1400 and 1406 McFarland Boulevard North in Tuscaloosa, Alabama. Gino Lollio and Scott Niedergang of Chicago, brokers in the firm’s Healthcare Advisory Practice, Capital Markets, with the assistance of R. William Pradat, Jr., represented the seller, a group of physicians practicing out of the building. They also represented the buyer, an out-of-state private healthcare-focused real estate investment trust (REIT). Approximately 65% of the two buildings are occupied by a Surgical Care Affiliates (SCA) Ambulatory Surgery Center. Roughly 33% of the medical office building is vacant and provides for future upside to the new owner. Tuscaloosa Surgical Center has a strong footprint in the community and has serviced the area with over 250,000 surgical cases since 1995. Scott [...]

Cushman & Wakefield Arranges Sale of Seventh Avenue Medical Center

Gino Lollio, Scott Niedergang, Bryan Belville and Eric Schreibman Represented the Buyer and Seller in the Transaction CHICAGO, November 28, 2018 – Cushman & Wakefield has arranged the sale of Seventh Avenue Medical Center in Chardon, Ohio, a Cleveland suburb. Gino Lollio, Scott Niedergang and Bryan Belville of Chicago, brokers in the firm’s Healthcare Advisory Practice, Capital Markets, with the assistance of Eric Schreibman of Cleveland, represented the seller, a group of physicians practicing out of the building and the original builders. They also procured the buyer, an out-of-state private equity firm focused on the acquisition of medical office real estate throughout the country. Seventh Avenue Medical Center is a 27,930-square-foot, ambulatory surgery center-anchored medical office building located at 150 Seventh Avenue. The building was fully occupied with each tenant signing new long-term triple-net (NNN) leases with annual increases prior to the sale. Anchor tenants include Kellis Eye Center, Chardon [...]

Cushman & Wakefield Hires Top Office Investment Sales Team

Seven-person industry-leading team to cover Chicago and Midwest Markets and grow institutional Capital Markets platform CHICAGO, November 16, 2018 – Cushman & Wakefield announced that the office investment sales team of Paul Lundstedt, Dan Deuter, Tom Sitz and Cody Hundertmark has joined Cushman & Wakefield, effective today, November 15. They are accompanied by their investment, analyst and client service professionals Jeremiah Olsen, Matt Knoff and Debbie Leon. The team joins Cushman & Wakefield’s national Capital Markets practice, which is focused on institutional clients and gateway markets. They will collaborate closely with the Capital Markets and Office Leasing teams in Chicago and across the Midwest, supporting the company’s investor services business. With a combined 85 years of experience executing sales and recapitalization transactions for investment clients, the team has an outstanding track record of $16 billion in total transaction volume, more than 305 sale and/or recapitalization transactions and 110 million square feet [...]

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 [...]