Cushwake

Briar Meads Capital, LLC, Acquires and Recapitalizes The Westwood

Cushman & Wakefield selected as leasing agent for buildings formerly known as Westwood of Lisle CHICAGO, April 10, 2019 – Cushman & Wakefield has been selected to represent Briar Meads Capital as landlord leasing agent for its newest asset in the Chicago market: 2441 & 2443 Warrenville Road in Lisle, IL, part of the I-88 East West Tech Corridor. The firm is tasked with procuring new tenants for the property while NAI Hiffman will bring new tenant-focused professional property management to the facilities. Briar Meads is a top rated, well-capitalized, professional landlord already in the process of reinvigorating the newly rebranded The Westwood with a slate of updated amenities and improvements designed in conjunction with Wright Heerema Architects. Dan Svachula, Michael Simpson, Adam Showalter and Allyson Yates of Cushman & Wakefield represent Brian Meads as Leasing Agents. The Westwood consists of 300,000 square feet (SF) across two office towers built [...]

Cushman & Wakefield’s Chicago Headquarters Awarded Prestigious WELL Certification

Company Among Early Adopters of the WELL Building Standard CHICAGO, MARCH 25 2019 – Cushman & Wakefield’s global headquarters in Chicago has achieved WELL Certification at the Silver level by the International WELL Building InstituteTM. The company consolidated its Chicago operations to four floors at 225 W Wacker in May 2017. Certification was awarded based on IWBI’s WELL Building StandardTM (WELLTM), a premier building standard focusing on enhancing people’s health and wellness through the buildings where we live, work and play. The company’s Atlanta office also achieved certification this year. Cushman & Wakefield is a Founding Alliance Member of the Well Living Lab, underscoring its commitment to evolving the built environment to best support human needs and enhancing the performance of people in the workplace by making wellness a priority. Additionally, three of Cushman & Wakefield’s Sustainability Services employees are WELL faculty members. WELL certification provides a framework for maximizing [...]

Cushman & Wakefield Recognizes 2018 Top Producers in Chicago

CHICAGO, March 21, 2019 – Cushman & Wakefield celebrates outstanding work on behalf of their valued clients, and the commitment and hard work of their 2018 Top Producers in Chicago. The firm’s global headquarters here in Chicago this week honors 27 individuals across its brokerage service lines including Capital Markets, Tenant Representation, Industrial, and Agency Leasing for their dedication to their work, their clients and the company. “I’m incredibly proud to recognize some of our outstanding brokers in Chicago in 2018, six of whom made Cushman & Wakefield’s Americas Top 100 List, which is a true testament to the strength of our Chicago platform and work on behalf of clients,” said Vicki Noonan, Chicago Managing Principal, Cushman & Wakefield. “Each of these individuals has made a tremendous impact on our business, our company culture and they are standouts in the commercial real estate sector. These talented professionals are also the [...]

Cushman & Wakefield Represents Thor Equities Group in Securing Mondelez International Office Relocation

New long-term lease brings global consumer brands company to Fulton Market CHICAGO, February 6, 2019 – Cushman & Wakefield represented landlord Thor Equities Group in leasing 905 West Fulton Market, in Chicago’s popular Fulton Market District, to Mondelez International. The company signed a 15-year lease for 83,250 square feet (SF) at the prime mixed-use property. The lease includes all 77,100 SF of office space and 6,150 of retail space, leaving 10,450 SF available for lease in the building. Mark Bâby and Ben Cleveland of Cushman & Wakefield represented Thor Equities Group in the transaction. Kyle Kamin and Chris Reynolds of CBRE represented Mondelez. Mark Bâby, Managing Director, Cushman & Wakefield: “The brick and timber loft style building at 905 West Fulton Market was an ideal headquarters opportunity for Mondelez’s relocation from Deerfield. Working with Mondelez needs, Thor structured an attractive office solution that benefited both parties. Mondelez’s occupancy will be [...]

Demolition of Former Dairyland Greyhound Park Makes Way for Kenosha Commerce Center

State-of-the-art industrial park to bring additional industry and new jobs CHICAGO, January 23, 2019 – Cushman & Wakefield is representing the new Kenosha Commerce Center (“KCC”), to be located on the former site of the Dairyland Greyhound Dog Track at 5522 104th Avenue, Kenosha, WI, 53144. The site, an industrial business park, will deliver in early 2020 and can accommodate industrial buildings comprising up to 1.8 million square feet (SF). The amenities-rich site, which totals 214 acres, will become Kenosha’s newest industrial business park and will be available for development and construction of build-to-suit leases and purchases in early 2020. KCC is located just north of the Wisconsin – Illinois border off the four-way interchange of I-94 and State Highway 158 and in convenient proximity to three airports – Kenosha Regional Airport is just across the street from the site, General Mitchell International Airport is a 30-minute commute and O’Hare [...]

Cushman & Wakefield Secures 2018’s Largest Industrial Lease in City of Chicago

MAT Limited Partnership and J.P. Morgan’s Marina Crossings is more than 50% leased within 60 days of completion of the site CHICAGO, January 10, 2019 – Cushman & Wakefield represented landlord Marina Crossings Owner, LLC, a joint venture between MAT Limited Partnership and institutional investors advised by J.P. Morgan Asset Management, in securing its first tenant at 2075 W. 43rd Street, a premier infill industrial development. It is the City of Chicago’s largest speculative industrial building since 1905. First Logistics, an Illinois-based 3PL, will expand from their current facility in Alsip, IL to immediately occupy 331,059 square feet (SF) of the 633,057 SF facility. Larry Goldwasser, Jason West, Colin Green, Matt Cowie and Michelle Maguire represented the landlord in lease negotiations. Larry Hanley of Midwest Commercial Real Estate represented the tenant. Larry Goldwasser, Managing Director, Cushman & Wakefield: “Marina Crossings is an attractive option for tenants looking for immediate proximity [...]

Cushman & Wakefield Arranges Sale for The Coil Apartments and Fresh Thyme

Todd Stofflet, Jason Stevens and Susan Tjarksen Represented the Seller CHICAGO, December 5, 2018 – Cushman & Wakefield has arranged the sale of The Coil Apartments and Fresh Thyme at 6349 N. College Ave, in Indianapolis to RDG Funds. The property is 151 units of new construction multifamily residences above a 33,500-square-foot retail space anchored by Fresh Thyme. Todd Stofflet, Jason Stevens and Susan Tjarksen represented the seller, Sheehan Companies and Browning Investments. Todd Stoflett, Cushman & Wakefield, said: “The Coil Apartments are well-located in the popular Broad Ripple Village, anchored by a Fresh Thyme, and with a number of dining, entertainment, fitness and shopping options just minutes away. This is one of the first sales of a Class A mixed-use property in Broad Ripple and The Coil is commanding some of the top rents in the area. Overall, it’s well-positioned for long-term growth.” About Cushman & Wakefield Cushman & Wakefield [...]

2018-12-05T14:39:08-05:00December 5th, 2018|Tags: , , , , , |

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 Arranges $10m Sale of Cape Coral Surgery Center

Gino Lollio, Scott Niedergang, Gary Tasman Represented Ownership Group CHICAGO, November 27, 2018 – Cushman & Wakefield has arranged the $10 million sale of Cape Coral Surgery Center Medical Office Building in Cape Coral, Fl. Gino Lollio and Scott Niedergang of Chicago, brokers in the firm’s Healthcare Advisory Practice, Capital Markets, with the assistance of Gary Tasman of Florida, represented the ownership group in the sale. The ownership group consisted of a number of physicians practicing out of the building and associated with the surgery center operation. The Cushman & Wakefield team also procured the buyer, a California-based real estate private equity firm focused on creating and maximizing value through the strategic acquisition and management of assets throughout the country. Cape Coral Surgery Center is a 39,142-square-foot (SF) multi-tenant medical office building that is currently 95% occupied by nine medical tenants including Cape Coral Surgery Center, 21st Century Oncology and [...]