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CHICAGO-Bruce T. Hopple brings experience from $2 billion in office deals to Colliers Bennett & Kahnweiler while Jones Lang LaSalle goes outside the company to bolster its capital markets group with the hiring of David Hendrickson and Nat Rockett.
CHICAGO-Productivity Point International moves to 14,357 sf at 230 W. Monroe St., but the Illinois Facilities Fund opts for 11,898 sf at 1 N. LaSalle St.
NORTHBROOK, IL-Los Angeles-based RP Properties grosses $12 million on the sale of the five-building, 334,955-sf shopping center southwest of the Edens Expressway interchange at Lake-Cook Road. New ownership is a four-entity partnership that includes Principal Mutual.
NORTHBROOK, IL-The number of available properties and their value has tripled since March, according to the Boulder Group. Chicago net-lease properties make up about 4% of the US market, despite a population base of less than 3% of the national total, the firm notes.
OAK BROOK, IL-John S. Gates, Jr. remains co-chairman of the company, but Michael M. Mullen takes over as chief executive officer while Paul S. Fisher moves up to president of the REIT, which has a 38-million-sf industrial portfolio.
CHICAGO-Melville, NY-based DJM Asset Management is hired to sell the 16-story building at 4180 N. Marine Dr., where 159 of the 189 condominiums remain unsold. Properties in Aurora, Des Plaines, Forest Park and South Barrington also can be bought in sealed bids due Oct. 14.
CHICAGO-Included in the complex deal is $99 million for the 510,757-sf Commerce Plaza at 2001-2021 Spring Rd. in Oak Brook, which Equity Office Properties acquires from Rreef along with an Orange County office property.
LONG GROVE, IL-The north suburban submarket lands Austin, TX-based company Freescale Semiconductor, which leases about 25% of 4 Kemper Dr. in the Kemper Lakes Corporate Center.
BOLINGBROOK, IL-The Atlanta-based real estate development company has a 188,500-sf building under construction in its Veterans Corporate Center, which ultimately is expected to include 675,000 sf of new space.
OTTAWA, IL-The $32-million project at McShane Corp.'s Interstate Commerce Center at I-80 and Route 23 gets $2.7 million in state help, one of the deciding factors in the Phoenix-based pet supplies company's decision.