CHICAGO-Chicago-based MB Real Estate has taken over management,leasing and sales for 55 West Wacker, The LaSalle Wacker and 205West Wacker on Chicago’s downtown riverfront. Previously, Cape HornGroup had overseen asset management of the buildings, while LincolnProperty Co. handled property management, leasing and sales.

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Recently updated, 55 West Wacker is a 15-story,209,000-square-foot property with column-free, 14,250-square-footfloor plates, a full-service health club, bank and indoor heatedparking. The LaSalle Wacker, a 41-story, 414,000-square-foot towerat 121 W. Wacker Dr., combines art deco design with recent capitalimprovements and amenities including the Sidebar Grille, a buildingconcierge, fitness center and parking garage with car wash. Also,205 West Wacker, designed by Burnham Brothers, is a 25-story,263,650-square-foot rental office building with a 60-car indoorvalet parking garage, street-level bank, convenience store andAllstar Sports Bar & Grill.

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CHICAGO-The Chicago office of Transwestern recently representedNick's Fishmarket in a 7,710-square-foot lease on the first floorof the Merchandise Mart. The restaurant will take the formerbluprint space located at the North entrance of the building.Nick’s Fishmarket will soon have a downtown presence again afterits original location on Clark Street closed in October 2009. Thegrand opening is scheduled for late September 2010. Irv Gilner andRob Marquardt represented Nick’s Fishmarket in the transaction.Megan Giroux and David Stone with Stone Real Estate represented thelandlord.

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CHICAGO-Sue Blumberg, SVP and senior director of NorthMarqCapital’s Chicago Regional office, arranged fixed-rate financing of$28.9 million for Pensacola Place at 4334 N. Hazel. The asset is amixed-use property containing 79,000 square feet of commercialspace and 264 renovated multifamily units with spectacular views.Major commercial tenants include Jewel-Osco grocery store and WorldGym. Financing was based on a seven-year term with a 30-yearamortization schedule and was arranged for the borrower, PensacolaApartments LLC, by NorthMarq through its seller-servicerrelationship with Freddie Mac.

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CHICAGO-Thompson Flannagan & Co. LLC, an insuranceconsulting and information services firm, has signed a lease for9,500 square feet at 626 W. Jackson Blvd. in downtown. The dealboosts the occupancy level to 88% at the West Loop office buildingwhich launched a re-tenanting campaign in 2008 following itsacquisition and extensive renovation by Chicago-based Sterling BayCos. in partnership with the Deitcher Group. The eight-story,107,977-square-foot property was the former headquarters of theChicago Housing Authority, the sole occupant prior to itsrelocation to another downtown site in 2007. In a modest expansion,Thompson will relocate its office to 626 W. Jackson during thirdquarter 2010 from its current location at 150 N. Wacker Dr. TonyKarmin with Transwestern represented the firm in the long-termlease transaction.

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CHICAGO-Anna's Linens recently signed a lease for 9,991 squarefeet at Gateway Centre in the Rogers Park neighborhood in downtownChicago, according to Richard Spinell, principal of OakbrookTerrace-based Mid-America Asset Management Inc. The Costa Mesa,CA-based store is expected to open here in October 2010. Spinell,along with Mary Beth Menelli represented the landlord, RREEFAtlanta, in the

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transaction, with Al Rodenbostel of Edgemark Real Estateand Tyson Fraser of Icon Real Estate & Management representingthe tenant. Privately held Anna's Linens, a value retailer offashions for the home, currently operates more than 265 stores in18 states and the District of Columbia, with five listed inChicago. Gateway Centre is a 193,000-square-foot shopping centerlocated at the southeast corner of Howard and Clark Streets inChicago. Dominick's, Marshalls and Bally Fitness anchor thecenter.

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OAK LAWN, IL-CB Richard Ellis’ Private Client Group representeddeveloper MedProperties of Chicago in the sale of a 100% leasedClass A medical office building to a private equity partnershipwhich includes Chicago-based Stage Equity Partners LLC. Theproperty is at 10837 S. Cicero Avenue. CBRE’s Tom Rusthoven, TedBuenger and Gary Fazzio negotiated on behalf of the seller. Knownas the Oak Lawn Medical Center, the building is a new, Class A,26,324-square-foot medical office building located approximatelyone mile from Advocate Christ Hospital, the fourth largest hospitalin Illinois. The anchor tenant within the building is MidAmericaCardiovascular Consultants. The property sold for $331 per rentablesquare foot. Working on behalf of Stage Equity Partners, LLC, HFFdirectors Matthew Schoenfeldt and Daniel Kaufman placed aseven-year, 5.89% fixed-rate loan with Wells Fargo Real EstateGroup Inc. Loan proceeds were used to acquire the property. StageEquity Partners is a Chicago-based, privately-held real estateinvestment company that specializes in healthcare real estate.

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ORLAND PARK, IL-Grubb & Ellis Co. has announced that theground lease interest of 15630 S. Harlem Ave. was sold to Acorn LLCat a 6.5% cap rate. Peter Block and Anne Arnold represented theseller, 15690 S. Harlem LLC. Chase Bank occupies the site’s4,300-square-foot retail building on a 30-year primary term withescalations every five years and three 10-year options.

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MINNEAPOLIS-Alatus LLC, a Minneapolis-based commercial realestate development/acquisition firm, has completed the acquisitionof the Block E entertainment complex on Hennepin and First avenuesbetween Sixth and Seventh streets in downtown. Bob Lux, principalat Alatus, said the firm is looking forward to creating a propertythat complements this Minneapolis neighborhood. In April 2010,Alatus signed a purchase agreement for the property, which is inthe heart of Minneapolis’ shopping, theater and business districts;across from Target Center; and two blocks from Target Field, homeof the Minnesota Twins. “Through the end of this year, we aregoing to study other successful urban retail properties around thecountry, which will help us further identify leadingdestination-oriented tenants that can help make this property acommunity asset,” said Alatus Principal Phillip Jaffe. “While we’vealready had significant tenant inquiries, we want to be measured inour approach to Block E; we are not interested in simply fillingspace.” Immediately, Alatus will begin improving Block E’s parkingramp. Updates include increased lighting in the parking levels andadditional wayfinding signage. The team will also renovate lobbyareas for a safer, more customer-friendly experience. Block Eincludes 213,000 square feet of space on three levels as well as550 underground parking spaces.

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MEQUON, WI-Hilco Real Estate and its partner on thistransaction, the NNN Pro Group, a division of Marcus &Millichap Real Estate Investment Services, recently closed the saleof 71 Bulk Petroleum gas stations. Located in Iowa, Illinois,Indiana, Kentucky, Michigan and Missouri, the properties representa majority of the assets owned by Mequon, Wisconsin-based BulkPetroleum Corp. The company filed for Chapter 11 bankruptcyprotection in February 2009. The majority of the properties weresold in a portfolio purchase of 63 assets, which was approved bythe US Bankruptcy Court on May 7. The transaction closed inmid-June. The other eight locations were sold as individual,one-off sales. A total of 53 other locations, comprised ofoperating stations, closed stations, and land sites, remainavailable for purchase. “We are pleased with the results of salesto date and expect to find buyers for the remaining 53 assets verysoon,” said Neil Aaronson, CEO of Hilco.

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ST. LOUIS-Cassidy Turley announced today that Memphis-basedAutoZone has extended its service agreement with Cassidy TurleyCorporate Services. “Cassidy Turley will continue to assistAutoZone in maintaining and growing its business throughout theUnited States, while focusing on the long-term success of this veryimportant client,” said Rich Etzkorn at Cassidy Turley. ”We lookforward to continuing to provide services to AutoZone includingmanagement of the company’s lease renewals.”

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AutoZone is a retailer and distributor of automotive replacementparts and accessories with more than 4,500 stores in the UnitedStates, Puerto Rico, and Mexico.

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MILWAUKEE-Tishman Speyer announced today that Associated Bankhas signed a lease agreement that will expand and extend the bank’spresence at the Plaza East office complex in downtown Milwaukee.The bank is renewing its existing 23,000-square-foot lease that wasscheduled to expire in 2014, converting 18,000 square feet fromsublease to direct lease, and taking 17,000 square feet ofadditional space at the property. The new combined58,000-square-foot-lease will expire in 2022. Plaza East consistsof two 14-story office towers totaling 474,000 square feet inMilwaukee’s downtown financial district. The property iswell-located within walking distance of Lake Michigan, and is closeto regional transportation hubs, several high-end hotels, aperforming arts centre, and other nearby amenities and attractions.The buildings were constructed in 1982 and 1984 and were designedby architect Helmut Jahn. The property is managed by Tishman Speyeron behalf of the Australia-based Tishman Speyer Office Fund.

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PLEASANT PRAIRIE, WI-Baked goods vendor Rolf’s Patisserie haspurchased a 56,642-square-foot facility at 10100 88th Ave. Thisacquisition marks an expansion for the bakery which also has alocation at 4343 W. Touhy Ave. in Lincolnwood. The buyer selectedthe property based on its easy expressway access, expansion spaceavailability, cost-effective tax rates, and the Wisconsin stateincentives applicable to the transaction. Theresa Gleason withPaine/Wetzel ONCOR International represented Rolf’s Patisseriewhile Ryan Bain, Jack Graham, Brett Krouer and Keith Puritz with CBRichard Ellis represented the seller, Wrightwood Capital.

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