suburban market

Cushman & Wakefield Represents ACCO Brands in Long-Term Extension of World Headquarters in Lake Zurich

CHICAGO, May 22, 2019 – Cushman & Wakefield announced that ACCO Brands has agreed to a long-term lease extension of its worldwide headquarters in Lake Zurich at 4 Corporate Drive, which encompasses 189,092 square feet of office space in Kemper Lakes Business Center in suburban Chicago. ACCO Brands, one of the worlds’ largest suppliers of academic, consumer and business products, moved to its current location in 2012. Lou Hall, Executive Director, and Dan Wilkins, Senior Director, of Cushman & Wakefield represented ACCO on the lease extension. “We’re excited to keep ACCO’s global headquarters in this prime location that has served them well for the past seven years,” said Hall. “Access to the world-class golf course and other state-of-the-art amenities on campus provide opportunities for future business growth and innovation.” The Class A building is one of four that make up Kemper Lakes Business Center, which totals 1.1 million square feet and [...]

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 [...]

Adventus Realty Services Signs Molina Healthcare of Illinois in Renewal Lease

Daniel Svachula, Michael Simpson and Allyson Yates represented Adventus Realty Services, Inc. CHICAGO, April 2, 2019 – Cushman & Wakefield has represented Adventus Realty Services, Inc., in lease renewal negotiations with Molina Healthcare of Illinois at 1520 Kensington at The Crossings of Oakbrook in Oakbrook, Illinois. The company occupies 37,127 square feet (SF). Daniel Svachula, Managing Director, Cushman & Wakefield: "We are excited to renew Molina at The Crossings. They are a great tenant and we are happy to continue this relationship with a long-term tenant of the building." About Cushman & Wakefield Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 51,000 employees in 400 offices and 70 countries. In 2018, the firm had revenue of $8.2 billion across core services of property, [...]

Cushman & Wakefield Arranges $12 Million Loan for the Refinancing of River Square in Naperville, Illinois

CHICAGO, January 14, 2019 – Cushman & Wakefield’s Equity Debt & Structured Finance team has arranged a $12 million loan for the refinancing of River Square, a retail center in Naperville, Illinois. Jeffrey Cohen, Director of the Equity, Debt and Structured Finance group based in Cushman & Wakefield’s Chicago World Headquarters, arranged the full term interest only fixed rate loan, provided by Voya Investment Management, on behalf of Clarion Partners and a large overseas pension fund. “Jeffrey Cohen, Cushman & Wakefield: “Downtown Naperville has become a destination for the surrounding area that continues to drive demand for tenants and investors. The strong underlying fundamentals of rent growth, low vacancy rates, and a limited construction pipeline, coupled with the strong in-place cash flow, potential for future rent growth, and diverse mix of national and local F&B and service retailers proved to be very attractive to the lending community, which aggressively pursued [...]

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 Arranges $15M Sale of Fabyan Randall Plaza

CHICAGO, May 16, 2016 – Cushman & Wakefield has arranged the sale of Fabyan Randall Plaza, a 91,415 square foot shopping center anchored by Trader Joe’s and Walgreens located at 1980 W. Fabyan Parkway in Batavia, Ill. Senior Directors Evan Halkias and Michael Marks, and Director Nick Kanich of Cushman & Wakefield’s Retail Investment Advisory Group represented the seller, InvenTrust Properties. The buyer was Dallas-based Netco Investments, Inc. “Fabyan Randall Plaza is well positioned along the heavily-travelled Randall Road corridor,” said Halkias. “By leasing the existing vacancy and leveraging the co-tenancy of Trader Joe’s and Walgreens, the new owner has an opportunity to add significant, immediate value.” Situated on 11 acres, Fabyan Randall Plaza has a prominent location at the intersection of Randall Road and Fabyan Parkway with more than 60,000 vehicles passing the shopping center daily. In addition to Trader Joe’s and Walgreens, other national tenants include Smashburger, Sports [...]

Sean D. Kropke Joins Cushman & Wakefield from CBRE

CHICAGO, April 11, 2016 – Cushman & Wakefield has recruited Sean Kropke, a leading office broker focused on Chicago’s suburban office market. Mr. Kropke joins as an Executive Director, from CBRE where he started his career in 1993. “Building our suburban market is a key priority for the firm – we need to offer the best talent and our full platform for our clients in the dynamic market,” said Shawn Mobley, Cushman & Wakefield’s East Region President and Chicago Market Lead. “Sean has outstanding market knowledge, and a deep understanding of his clients’ needs. He’s a great addition to our team.” Mr. Kropke has worked in the North Suburban market since 1993. He has extensive local market knowledge allowing him to specialize in tenant representation for mid-to-large sized companies. His expertise in tenant and landlord assignments brings a unique focus for both occupiers and investors of commercial office space. Over [...]

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 [...]

2016-06-06T10:05:58-05:00April 28th, 2016|Tags: , , , , |