commercial real Estate

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 [...]

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 [...]

Civis Analytics to Expand, Relocate Chicago Office to 200 W. Monroe

CHICAGO, July 14, 2016 – Cushman & Wakefield announced today that Chicago-based Civis Analytics, a leading provider of data science software and services, has signed a direct lease for 29,079 square feet at 200 W. Monroe. Civis’ thriving workforce and anticipated future growth created increased demand for office space, as the company has grown from 15 employees in 2013 to 120 today, with plans to add at least 75 jobs in 2016. Civis will begin occupying its new office in August 2016. The transaction was led by Cushman & Wakefield Executive Managing Director Steve Schneider, in partnership with Senior Director Bill Starcevich and Senior Project Manager Jake Hagelow of Cushman & Wakefield’s Project & Development Services group. “We've been fortunate to outgrow four offices in three years, and we're ready to have a headquarters that we can finally call home,” said Civis Analytics CFO Alan Fu. “The city continues to [...]

DuPage Montessori School Leases Original Calamos HQ in Naperville

CHICAGO, July 6, 2016 – Cushman & Wakefield has announced that DuPage Montessori School, a private non-profit educational institution, has signed a new long-term lease for two full floors at 1111 E. Warrenville Road in Naperville, Ill. Owned by Calamos Investments, the 38,425 square foot office building is currently vacant and will be redeveloped into a PreK-8 school complete with an outdoor playground and artificial turf athletic field. Construction is slated to kick off in summer 2016 and is expected to be completed in time for the 2017-2018 school year. Cushman & Wakefield Senior Vice President Adam McCostlin and Associate Brian Duffy led the lease transaction on behalf of DuPage Montessori School, with support from Executive Managing Director Chris Wood and Vice President Jordan Decker. “DuPage Montessori School prides itself on being one of the largest and most advanced progressive schools in the Chicagoland area,” said Colin Breen, Director at [...]

Cushman & Wakefield Names North America’s Top 15 “Cool Streets”

CHICAGO, June 27, 2016 – A new breed of urban, experiential, and independent mid-market retailers catering to millennial consumers has led to the rise of 100 “Cool Streets” across the U.S. and Canada, according to an inaugural report released today by global real estate services firm Cushman & Wakefield. The firm’s first-ever Cool Streets of North America report explores the phenomena behind the rise of dozens of new, edgy retail districts across the U.S. and Canada. While some of these areas featured in the report are longstanding bohemian enclaves and focal points for local arts, music, or LGBT communities, the renaissance in nearly all of the Cool Streets has been driven by an explosion of unconventional new retail concepts. The report captures the top 15 Cool Streets as follows: Sunset Park in Brooklyn; Logan Square in Chicago; Over-the-Rhine in Cincinnati; RiNo in Denver; Silver Lake in Los Angeles; Wynwood in [...]

Cushman & Wakefield Arranges 134,514 SF Lease for Zurn Industries

CHICAGO, June 2, 2016 – Cushman & Wakefield has announced that Zurn Industries, LLC has signed a 134,514 square foot lease at 340 County Line Road in Bensenville, IL. A subsidiary of Milwaukee-based Rexnord Corporation, Zurn Industries is relocating its operation in Elkhart, IN and consolidating with its existing operations in the Chicago area. The company will bring the new, Class A 184,170 square foot distribution facility to 100% occupancy with Geib Enterprises leasing the remaining space. “Our center in Elkhart has allowed us to deliver exceptional service to our customers for many years,” said Ken Witter, Director of Real Estate at Rexnord Corporation. “Our new facility in Chicago’s O’Hare marketplace will allow us to further optimize our operating strategies, and maximize our exposure in the Chicagoland area.” Newly constructed in November 2015, 340 County Line Road is a premier 5-star warehouse located 20 miles west of downtown Chicago in [...]

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 [...]