Chicago

Muinzer and T2 Capital Management are preparing to launch a Qualified Opportunity Zone Fund in the second half of 2019.

The firm purchased the 117,472-square-foot property from a national manufacturing company, according to brokerage firm Avison Young.

Chicago Mayor Lori E. Lightfoot announced on Wednesday that the city has submitted five sites to be tested: Harborside (111th and the Bishop Ford Freeway); the former Michael Reese hospital (31st and Cottage Grove); Pershing & State; Roosevelt & Kostner; and the former U.S. Steel parcel (80th and Lake Shore Dr.).

The firm has appointed Greg Schementi, Cushman & Wakefield veteran, into the newly created role.

The firm will be relocating from its current space at 71 S. Wacker Drive in early 2020 to 30,405 square feet of space, which will encompass the entire 84th floor of the 110-story tower.

The company signed its original lease for 18,368 square feet at the property in December and due to successful acquisitions and growth globally, the company increased its footprint in Chicago to continue its rapid growth.