suburban market

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+00:00 April 28th, 2016|Tags: , , , , |0 Comments