commercial real Estate

Cushman & Wakefield Represents Crowe in Lease Extension and Office Expansion at 225 West Wacker Drive

CHICAGO, July 10, 2018 – Cushman & Wakefield announced today that the firm secured a lease extension and expansion for Crowe LLP’s Chicago office at 225 West Wacker Drive. Once the expansion is completed, Crowe will occupy approximately 51,000 square feet (SF) overlooking the newly developed Riverwalk along the bend of the Chicago River. Crowe is a public accounting, consulting, and technology firm with offices around the world. Cushman & Wakefield Executive Managing Director Scott Goldman and Senior Director Josh Feldman represented Crowe in the transaction. Crowe has been a subtenant at 225 West Wacker for the past four years, occupying nearly 37,000 SF over one and one-half floors. The long-term lease enables Crowe to accommodate robust growth and expand by another 13,000 SF, bringing its total office space to two full floors and more than 51,000 SF. The new floorplan includes an option to renovate both floors, with an [...]

Bridge Development Partners Begins Construction of Bridge Point Downers Grove in Chicago Suburbs

Cushman & Wakefield’s Jason West, David Friedland, Sean Henrick, Michael Magliano and Doug Pilcher Leasing High-Profile Site CHICAGO, June 12, 2018 – Bridge Development Partners, in partnership with Banner Oak Capital Partners, and Cushman & Wakefield announced today that the developer has begun construction on Bridge Point Downers Grove, a speculative distribution development at the intersection of Interstates 88 and 355 that will include three buildings totaling 678,858 square feet. Cushman & Wakefield Executive Managing Director Jason West, SIOR: Executive Directors David Friedland and Sean Henrick, SIOR, CCIM; Managing Director Michael Magliano; and Director Doug Pilcher will represent locally based developer Bridge in leasing the property. The site was formerly slated for mixed-use development before Bridge acquired it in December 2017. It offers direct access to I-88 (nearly 160,000 daily traffic count) and I-355 (nearly 100,000 daily traffic count) via Butterfield Road, Finley Road and Ogden Avenue, and is strategically [...]

Cushman & Wakefield Selected as Exclusive Leasing Agent as Construction Begins on Rosalind Franklin University Innovation and Research Park

Illinois Department of Commerce and Economic Opportunity Approves Expansion of Enterprise Zone Chicago, May 14, 2018 – Rosalind Franklin University of Medicine and Science, a Cushman & Wakefield client, began construction on its new Innovation and Research Park, where academic and industry scientists and entrepreneurs will work together to translate the university’s biomedical research into new treatments for disease. The university hired Chicago-based Cushman & Wakefield to attract international and national bioscience companies to co-locate in the new science park. “Cushman & Wakefield has an extensive track record advising clients on large leasing projects in North Suburban Chicago. The Innovation and Research Park will provide the bioscience industry with proximate access to RFU’s renowned research programs,” said Jonathan Metzl, Managing Director, Cushman & Wakefield. “It will be the premier complex for the science community to attract the experienced labor pool in Northern Illinois and Southern Wisconsin.” The university held a [...]

Marina Crossings is Chicago’s Largest Speculative Industrial Project in Modern History

Delivering Later This Year at the crossroads of McKinley Park and the Historic Chicago Stockyards CHICAGO, May 9, 2018 – Walls started going up last week on what will be Chicago’s largest speculative industrial project since the Central Manufacturing District broke ground in 1905 on some 260 acres along Pershing Road. Marina Crossings, a premier infill industrial development, sits just blocks away from the historic CMD in the McKinley Park/Stockyards area of Chicago, a one-of-a-kind urban area renowned for its rich industrial history. The property is rail served, sits on 35 acres, and comprises over 633,000 square feet of state-of-the-art industrial amenities – features include 32-foot ceilings, cross docking, precast construction, and ample expandable car and trailer parking. “As Chicago holds the title as one of the largest industrial markets in the nation, the McKinley Park and Stockyards neighborhoods surely hold the title of the most historically significant industrial corridors [...]

Cushman & Wakefield Completes 70,000 SF HQ Relocation for FMI Inc.

CHICAGO, December 20, 2016 – Cushman & Wakefield has represented FMI Inc., a leading FDA-registered supplier of medical-grade silicone components, in a 10-year, 70,957-square-foot headquarters lease at 500 Bond St. in Lincolnshire, Ill. The move will relocate the company’s headquarters from its current Elk Grove Village location and consolidate several of its regional facilities into one centralized space. FMI also will construct a state-of-the-art clean room at the new location, which will be utilized for the development and production of its medical component products. Cushman & Wakefield Senior Director Chris Lydon and Executive Managing Director Britt Casey represented FMI in the transaction. Nicolson, Porter & List Principal Adam Stokes represented the landlord, UBS, in the transaction. “The move into a larger space and more collaborative environment will support our efforts to foster a culture that’s focused on quality, innovation and exceptional service for our clients,” said Jim Fitzgerald, CEO of [...]

Cushman & Wakefield Releases Food Halls of America Report & Video

  CHICAGO, November 28, 2016 – Global commercial real estate brokerage Cushman & Wakefield today released its Food Halls of America report and video, marking the firm’s first comprehensive national report examining this growing dining trend. The report tracks the explosive growth of food-centered retail since the recession and ranks the top 10 food hall concepts in New York City and the top 20 nationally. The first video in a three-part series showcases New York City food halls and discusses the trend with industry experts like celebrity chef and restaurateur Todd English. “No other retail category has generated as much aggressive expansion over the past few years as food-related retail – and arguably, there is no hotter trend within that category than food halls,” said Garrick Brown, Vice President of Retail Research for the Americas at Cushman & Wakefield. In the first nine months of 2016, food hall growth increased [...]

Cushman & Wakefield Webinar Examines the State of Holiday Retail and the Implications of E-Commerce Growth

CHICAGO, Nov. 21, 2016 – With the holiday shopping season underway, Cushman & Wakefield examined the impact of e-commerce on the supply chain and brick-and-mortar retail in a November webinar. The program, “Bricks vs. Clicks,” focused on why Cyber Monday is eclipsing Black Friday, and the ongoing implications of e-commerce growth into 2017 and beyond. Cushman & Wakefield’s Ben Conwell, eCommerce Fulfillment Practice Group leader (and former Amazon North American operations real estate director), and Garrick Brown, head of Retail Research for the Americas, led the discussion. “November and December comprise the biggest shopping season of the year, and for many retailers sales during these two months represent a major percentage of annual revenue,” Brown said. “In short, this is a make or break time for retail. The good news is that we anticipate 3.7 percent overall holiday retail sales growth in 2016, despite the election and hinging somewhat on [...]

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 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 [...]