office

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 [...]

Cushman & Wakefield Hires Top Office Investment Sales Team

Seven-person industry-leading team to cover Chicago and Midwest Markets and grow institutional Capital Markets platform CHICAGO, November 16, 2018 – Cushman & Wakefield announced that the office investment sales team of Paul Lundstedt, Dan Deuter, Tom Sitz and Cody Hundertmark has joined Cushman & Wakefield, effective today, November 15. They are accompanied by their investment, analyst and client service professionals Jeremiah Olsen, Matt Knoff and Debbie Leon. The team joins Cushman & Wakefield’s national Capital Markets practice, which is focused on institutional clients and gateway markets. They will collaborate closely with the Capital Markets and Office Leasing teams in Chicago and across the Midwest, supporting the company’s investor services business. With a combined 85 years of experience executing sales and recapitalization transactions for investment clients, the team has an outstanding track record of $16 billion in total transaction volume, more than 305 sale and/or recapitalization transactions and 110 million square feet [...]

TCS Education System Advances “Radical Cooperation” with New Loop

Jeffrey Skender, Ari Klein, Craig Cassell, Scott Shelbourne, Marcus Berglund, Bill Starcevich and Jon Sisco of Cushman & Wakefield represented TCS   CHICAGO, October 18, 2018 – Cushman & Wakefield was engaged by TCS Education System for a long-term lease signing & build out at 203 N. LaSalle to advance the nonprofit System’s strategic goals. The System moved into its new headquarters on Monday, October 8, and occupies 28,544 square feet – approximately half of the 19th floor. They relocated from their previous 350 N. Orleans headquarters of nearly ten years to better serve their talent with collaborative spaces and the opportunity to “live their brand”. Jeffrey Skender, Ari Klein, Craig Cassell, Scott Shelbourne and Marcus Berglund represented TCS in lease negotiations and Bill Starcevich and Jon Sisco managed the build out project. “TCS came to us with a challenge – leverage a termination option in their current lease and [...]

Cushman & Wakefield Represents Snap36 in Fulton Market HQ Relocation

Growing Tech Firm Triples its Office Space in Vibrant, Chicago CBD Submarket CHICAGO, July 11, 2018 – Cushman & Wakefield announced today that the firm has represented Snap36 in expanding and relocating its headquarters to over 42,000 square feet (SF) at 219 N. Paulina St. in Chicago’s Fulton Market district. Snap36, ranked as one of the fastest growing companies on the Inc. 5000 for the past three years, is a product content services company that specializes in 360°/3D imagery and technology. Cushman & Wakefield Senior Director Adam McCostlin and Director Jordan Decker represented Snap36, while CBRE Senior Vice President Mitch Adams represented ownership of 219 N. Paulina St. Snap36 experienced a 966% growth rate and expanded its occupancy footprint 6X, from 7,000 SF to 42,000 SF, in three years, rendering the company’s previous space in another corner of Fulton Market insufficient. The new creative space at 219 N. Paulina now [...]

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 [...]

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 [...]

Chervon Moving North American Headquarters to Naperville

CHICAGO, March 7, 2017 – Cushman & Wakefield has announced that Chervon, a leading global provider to the power-tool, outdoor power equipment and related industries, has signed a 14-year, 124,000-square-foot sublease at 1203 E. Warrenville in Naperville, Ill., to relocate its North American headquarters and consolidate three of its Midwest facilities. Chervon, whose North American headquarters is currently located in Grand Rapids, Mich., will begin occupancy at 1203 E. Warrenville in the second quarter of 2017. The company is expected to transition approximately 90 employees to the new North American headquarters, with plans to add an additional 100 jobs. Cushman & Wakefield Executive Director Lou Hall and Senior Director Dan Wilkins represented Chervon in the transaction. Senior Vice President Bruce Hopple and Director Adam Showalter, also with Cushman & Wakefield, represented the sub-landlord, SKF Group. “After an exhaustive site selection process, it was determined that Naperville’s quality workforce and thriving [...]

2018-04-23T15:29:27+00:00 March 7th, 2017|Tags: , , , , , |0 Comments

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 [...]