Chicago

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 [...]

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 [...]

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 [...]

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 [...]