NAIOP Chicago Chapter Recognizes Outstanding 2000 Deals

CHICAGO-The Chicago chapter of the National Assn. of Industrial and Office Properties conducted its 13th Annual Awards for Excellence program. The program raises money in support of Habitat for Humanity.

The City of Chicago Industrial Development of the Year was Ashland Marketplace. The project, developed by HSA Commercial Real Estate, is a 557,000-sf speculative warehouse/distribution building at I-55 between Damen and Ashland avenues on Chicago’s southwest side.

The Suburban Industrial Development of the Year was awarded to Melrose Business Center, 1600 N. 25th Ave., Melrose Park, a western suburb. Developed by Opus North Corp., the 458,620-sf project is one of the largest speculative industrial buildings built in the Chicago area.

The Downtown Office Development of the Year is Dearborn Plaza, 20 W. Kinzie St., a 385,000-sf, 17-story project developed by the Alter Group.

The Suburban Office Development of the Year is Woodfield Preserve Office Center, 10 N. Martingale Rd. in northwest suburban Schaumburg, a 320,000-sf, six-story building developed by Hines.

Retail Development of the Year is the Century Shopping Centre, 2828 N. Clark St. on Chicago’s north side. HSA Commercial Real Estate is the developer.

The City of Chicago Industrial Transaction of the Year is 1301 N. Elston on Chicago’s near northwest side. The Suburban Industrial Transaction of the Year is for Home Depot’s lease of 747,152-sf for a Midwest distribution center in southwest suburban Bolingbrook.

The Downtown Office Transaction of the Year was for Computer Discount Warehouse/CDW space in the 10 & 20 S. Riverside Plaza property. The Suburban Office Transaction was award to the lease for Aon Corp. at 1000 Milwaukee Ave., Glenview, a northern suburb of Chicago.

The Retail Transaction of the Year was for a Carson Pirie Scott Department Store at the Streets of Woofield in Schaumburg. Landlord/seller’s broker were Richard Spinell and Claudia Gatti of Mid-America Real Estate Group.

Finally, the Award for Excellence went to Michael M. Mullen, co-founder, CenterPoint Properties Trust. He has helped the company grow from $220 million to $1.5 billion in total market cap.