NEWS & NOTABLES
ST. LOUIS—John Warren has just joined Cushman & Wakefield's St. Louis office as a director. In this role, he will focus on office tenant representation and agency leasing. Previously, Warren worked as a vice president at JLL, specializing in office leasing. He has represented a range of local and national clients, including Ball Aerospace, Bank of America and AFLAC. His affiliations include the National Association of Realtors, Missouri Association of Realtors, St. Louis Association of Realtors and Urban Land Institute. He is a graduate of the College of Charleston.
MILWAUKEE-Avison Young has been awarded the exclusive listing for a 719,599-square-foot four-building industrial portfolio in the Milwaukee market. Principals Erik Foster and Mike Wilson, both based in the company's Chicago office and members of the firm's national industrial capital markets group, will represent the owner. Gehl Foods, a leading producer of low acid aseptic dairy products, owns and occupies 100% of the property, and will sell and lease back the buildings. The four buildings are highly specialized — operating at the Food and Drug Administration's food-grade level — and were built to meet the company's specific operational needs. The buildings house equipment used in the development of beverages, sauces, puddings, chips, cheese dispensers and cheese sauces, eliminating 100% of potential food-borne pathogens in the cooking process. Gehl has invested more than $100 million in capital improvements and specialized equipment in the buildings. The portfolio will be sold as a 15-year, triple-net leaseback with annual lease rate escalations on the properties.
INDIANAPOLIS—Tracy Crum has joined Cushman & Wakefield's Indianapolis office as a senior project manager, project and development services. Crum has 25 years of experience in project management in the construction industry, 19 of which were with Duke Realty Corp. He will manage the design, permitting and construction of projects. Crum is an IN-licensed architect. He earned degrees in environmental design and architecture from Ball State University. Crum is a board member for the Cascade Youth League, and has served as a coach and sport director. He has also served as an elected member of the Stilesville Town Council for four terms between 1995 and 2015.
DEALTRACKER
EVANSTON, IL—Holliday Fenoglio Fowler, LP has just closed the sale of and arranged acquisition financing for 1007 Church St. a 155,652-square-foot, class A office tower designed by Helmut Jahn in the North Shore Chicago suburb of Evanston, IL. The company marketed the property on behalf of Farbman Group, as property manager and operator on behalf of 1007 Church Street, LLC, and procured the buyer. Tenants in diverse industries, including medical and professional services, education, finance and technology, lease the eight-story office tower. It has an adjacent 45-space surface parking lot that could be used for redevelopment and a 306-space parking garage located at 1720 Oak St. included in the sale. HFF's investment sales team was led by senior managing directors Jaime Fink, Jeff Bramson and Mark Katz and associate directors Bryan Rosenberg and Patrick Shields.
BUILDING BLOCKS
ROMEOVILLE, IL—Morgan/Harbour has just completed a ground-up 28,928 square foot medical office building for Presence Health Group in Romeoville, IL. Located at 500 S. Weber Rd., the new Presence Healing Arts Pavilion is specifically designed for the seniors and includes a full imaging suite with CT scanning, X-ray, mammography, ultrasound, bone densitometry and a future MRI. The new structure also features 26 exam and procedure rooms, labs, and private offices. The company also constructed a hotel-like concierge entry and gathering space with fireplace in the lobby. This is the second medical office building constructed by Morgan/Harbour for Presence. The previous location was in nearby Plainfield.
NEWS & NOTABLES
ST. LOUIS—John Warren has just joined Cushman & Wakefield's St. Louis office as a director. In this role, he will focus on office tenant representation and agency leasing. Previously, Warren worked as a vice president at JLL, specializing in office leasing. He has represented a range of local and national clients, including Ball Aerospace,
MILWAUKEE-Avison Young has been awarded the exclusive listing for a 719,599-square-foot four-building industrial portfolio in the Milwaukee market. Principals Erik Foster and Mike Wilson, both based in the company's Chicago office and members of the firm's national industrial capital markets group, will represent the owner. Gehl Foods, a leading producer of low acid aseptic dairy products, owns and occupies 100% of the property, and will sell and lease back the buildings. The four buildings are highly specialized — operating at the Food and Drug Administration's food-grade level — and were built to meet the company's specific operational needs. The buildings house equipment used in the development of beverages, sauces, puddings, chips, cheese dispensers and cheese sauces, eliminating 100% of potential food-borne pathogens in the cooking process. Gehl has invested more than $100 million in capital improvements and specialized equipment in the buildings. The portfolio will be sold as a 15-year, triple-net leaseback with annual lease rate escalations on the properties.
INDIANAPOLIS—Tracy Crum has joined Cushman & Wakefield's Indianapolis office as a senior project manager, project and development services. Crum has 25 years of experience in project management in the construction industry, 19 of which were with Duke Realty Corp. He will manage the design, permitting and construction of projects. Crum is an IN-licensed architect. He earned degrees in environmental design and architecture from Ball State University. Crum is a board member for the Cascade Youth League, and has served as a coach and sport director. He has also served as an elected member of the Stilesville Town Council for four terms between 1995 and 2015.
DEALTRACKER
EVANSTON, IL—Holliday Fenoglio Fowler, LP has just closed the sale of and arranged acquisition financing for 1007 Church St. a 155,652-square-foot, class A office tower designed by Helmut Jahn in the North Shore Chicago suburb of Evanston, IL. The company marketed the property on behalf of Farbman Group, as property manager and operator on behalf of 1007 Church Street, LLC, and procured the buyer. Tenants in diverse industries, including medical and professional services, education, finance and technology, lease the eight-story office tower. It has an adjacent 45-space surface parking lot that could be used for redevelopment and a 306-space parking garage located at 1720 Oak St. included in the sale. HFF's investment sales team was led by senior managing directors Jaime Fink, Jeff Bramson and Mark Katz and associate directors Bryan Rosenberg and Patrick Shields.
BUILDING BLOCKS
ROMEOVILLE, IL—Morgan/Harbour has just completed a ground-up 28,928 square foot medical office building for Presence Health Group in Romeoville, IL. Located at 500 S. Weber Rd., the new Presence Healing Arts Pavilion is specifically designed for the seniors and includes a full imaging suite with CT scanning, X-ray, mammography, ultrasound, bone densitometry and a future MRI. The new structure also features 26 exam and procedure rooms, labs, and private offices. The company also constructed a hotel-like concierge entry and gathering space with fireplace in the lobby. This is the second medical office building constructed by Morgan/Harbour for Presence. The previous location was in nearby Plainfield.
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