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Hart has advised clients on more than $8 billion in debt financings and equity raises for multi-family apartments, residential communities, industrial facilities, urban entertainment centers, educational facilities, retail malls, hospitals, mixed-use projects and resorts and hotels.

In his new role, Borok will focus on expanding services, developing top talent and look to new growth initiatives that will drive business.

The transaction marks the highest sale price achieved for a bulk condo sale in the history of Chicago, according to CBRE, which brokered the deal. New ownership will deconvert the property back to apartments.

The real estate and investment firm has opened the new facility at 100 East Pine St. The new office will be led by Laura Monaco, who has left JLL to take on the role of property manager with Denholtz Properties.

The newly constructed, single-story warehouse property sits on six acres and will house a large Goodwill Outlet store, accommodating the organization's e-commerce warehouse growth.

Comprised of five buildings connected to a large courtyard, the development will feature office and retail space and a large parking garage.