leasing

Cushman & Wakefield Completes 191,453 SF of Office & Industrial Leases at Yorkbrook Business Park

CHICAGO, June 7, 2016 – Cushman & Wakefield has completed 22 transactions totaling 191,453 square feet of office and industrial space at the Yorkbrook Business Park in Lombard, Illinois on behalf of Venture One Real Estate. The completion of the new and renewal leases brings the 736,000 square foot, 18-building portfolio, which was acquired by Venture One in March 2016, to approximately 94% occupied. Cushman & Wakefield Senior Director Sean Henrick and Associate Joseph Gatto represented Venture One in the industrial leases, which ranged from 1,338 to 30,627 square feet. Cushman & Wakefield Senior Director Michael Simpson and Associate Allyson Yates are marketing the flex and office properties on behalf of Venture One. Consisting of both single and multi-tenant properties, the portfolio includes 12 industrial properties and six flex office properties. Venture One recently completed renovations to vacant suites, including new energy-efficient lighting and high-end office finishes. The company 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 [...]

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