Chicago

The division of Health Care Service Corp. reports it is expanding its operations and has signed a lease for nearly 130,000 square feet of space at the Marshfield Plaza Building at 1119th St. and Marshfield Ave.

MetroGroup Realty Finance recently provided financing to private investors for three separate 1031-exchange transactions involving the acquisition of four single-tenant triple-net lease assets in Illinois and Texas.

The San Diego-based firm plans to occupy a total of 30,783 square feet encompassing the entire second and third floors of the 38-story tower building in the latter part of the first quarter of 2020.

The purchaser was a California-based family office with extensive experience acquiring and managing trophy quality, grocery anchored shopping centers throughout the United States, Pegasus Investments states.

The firm has signed a 14,020-lease expansion, increasing its leased space at the property to more than 27,000 square feet. The latest deal marks the customized employee discount firm's second expansion in 13 months.

The sale of the two properties—Shorewind Towers at 7000 South Shore Drive, and Shorewind Court, nearby at 6951 S. Oglesby Ave.—was the largest by dollar amount and unit count in the submarket in the last 10 years, according to CoStar. Both properties were originally built nearly a century ago.

The 15-year-old award-winning company shifted its headquarters operations from 40 Skokie Boulevard in Northbrook to the 37th floor of the 48-story 1.765 million square foot office building in Downtown Chicago that is anchored by Goldman Sachs.

As real estate firms like RXR Realty are developing in the suburbs, ImproveNet's survey shows what people are looking for in choosing where to live.