Sunday, November 24, 2024
Read the Digital Magazines
Subscribe

Illinois

Party-City
Company newsGeorgiaIllinoisIowaLeasingLouisianaMichiganNew YorkNewsTexasWest Virginia

A&G to Auction Eight Party City Leases

by Hayden Spiess

New York City — A&G Real Estate Partners will auction eight Party City leases in its capacity as real estate advisor to the retailer. These leases — which include locations in Georgia, Iowa, Illinois, Louisiana, Michigan, New York, Texas and West Virginia — come in addition to 12 Party City leases announced for auction by A&G in late February. Ranging in size from 7,500 to 28,000 square feet, 18 total leases remain open. This move is part of Party City Holdco Inc. (PCHI)’s financial restructuring, which is expected to be …

Continue Reading
0 FacebookTwitterLinkedinEmail
IllinoisInvestment salesNewsRestaurants

Lee & Associates Negotiates Sale of 12,500-Square-Foot Former Restaurant Property in Metro Chicago

by Hayden Spiess

Schaumburg, Ill. — Lee & Associates has negotiated the sale of a 12,500-square-foot property formerly occupied by Frankly Yours restaurant in Schaumburg, approximately 30 miles northwest of Chicago. Rick Scardino and Michael Petrik of Lee & Associates represented the buyer, the Village of Schaumburg. Attorney Steven Dobrofsky represented the seller, Chicago Title Land Trust Co.

Continue Reading
0 FacebookTwitterLinkedinEmail
IllinoisInvestment salesNet leaseNews

Marcus & Millichap Arranges $2 Million Sale of Starbucks-Occupied Building in Metro Chicago

by Hayden Spiess

Batavia, Ill. — Marcus & Millichap has arranged the $2 million sale of a 2,225-square-foot retail building in Batavia, approximately 40 miles west of Chicago. Constructed in 2022, the build-to-suit property is net-leased to Starbucks Coffee. The building features a drive-thru and outdoor seating. Austin Weisenbeck and Sean Sharko of Marcus & Millichap represented the seller, a Chicagoland limited liability company. The duo also secured and represented the buyer, a Wisconsin-based private investor.

Continue Reading
0 FacebookTwitterLinkedinEmail
IllinoisInvestment salesNews

Marcus & Millichap Negotiates $4.7 Million Sale of Retail Center in Metro Chicago

by Hayden Spiess

Franklin Park, Ill. —Marcus & Millichap has negotiated the $4.7 million sale of a 42,111-square-foot retail center in the Chicago suburb of Franklin Park. Just Tires anchors the property and has operated out of the location since 1975. Mitchell Kiven, James Ziegler and Keith Zelenika of Marcus & Millichap represented the seller, an investment fund with several partners based primarily in Chicago. Kiven also procured the buyer, Jupiter Texas Group. Dean Giannakopoulos and Frank Montalto of Marcus & Millichap Capital Corp. arranged acquisition financing on behalf of the buyer.

Continue Reading
0 FacebookTwitterLinkedinEmail
Salem-Square-Countryside-Ill
IllinoisInvestment salesNews

Mid-America Arranges Sale of 116,992-Square-Foot Shopping Center in Metro Chicago

by Hayden Spiess

Countryside, Ill. — Mid-America Real Estate’s Investment Sales Group has arranged the sale of Salem Square, a 116,992-square-foot shopping center located in Countryside, approximately 17 miles southwest of downtown Chicago. The property was fully leased and managed by Pine Tree at the time of sale. Tenants at the center include TJ Maxx/HomeGoods, Marshalls, ATI Physical Therapy, Famous Footwear, Mangia Mangia, Great Clips, Card Frenzy and Magic Nails. Rick Drogosz and Joe Girardi of Mid-America represented the seller, IRC Retail Centers/DRA Advisors, in the transaction.

Continue Reading
0 FacebookTwitterLinkedinEmail
Oak-St-Health
Company newsIllinoisNewsRhode Island

CVS Agrees to Acquire Oak Street Health in $10.6 Billion Deal

by Hayden Spiess

Woonsocket, R.I. and Chicago — CVS Health (NYSE: CVS) has agreed to acquire Oak Street Health (NYSE: OSH) in an all-cash transaction at $39 per share, representing a total purchase price of roughly $10.6 billion. The price represents a premium of approximately 11.9 percent over Oak Street’s opening price per share this morning. Chicago-based Oak Street Health is a network of primary care centers for adults on Medicare. The company employs approximately 600 primary care providers and maintains 169 medical centers across 21 states. By 2026, Oak Street Health plans …

Continue Reading
0 FacebookTwitterLinkedinEmail
Ken-Hinkle
Company newsIllinoisNews

Ken Hinkle Joins Cullinan Properties as Vice President of Leasing

by Hayden Spiess

Peoria, Ill. — Ken Hinkle has joined Cullinan Properties, taking on the role of vice president of leasing. Based in Atlanta, Hinkle previously held senior positions with Kite Realty, Retail Properties of America, Simon Property Group and Federated Department Store. In his most recent position, Hinkle was responsible for the leasing of up to 4.8 million square feet. “Ken is a dynamic leasing professional who succeeds in every market he is in,” says Ann Smith, senior vice president and director of leasing and marketing. “At Cullinan, he will provide leadership …

Continue Reading
0 FacebookTwitterLinkedinEmail
IllinoisInvestment salesNews

Marcus & Millichap Brokers $2.3 Million Sale of BP-Occupied Gas Station in Suburban Chicago

by Hayden Spiess

Downers Grove, Ill. — Marcus & Millichap has brokered the $2.3 million sale of a BP-occupied gas station property in the southwest Chicago suburb of Downers Grove. Timothy Nichols, Nicholas Kanich and Mitch Grant of Marcus & Millichap represented the seller, a locally based limited liability company. Nichols secured the buyer, also a locally based limited liability company.

Continue Reading
0 FacebookTwitterLinkedinEmail
Edens-Collection-Chicago
FinanceIllinoisNews

The Jaffe Cos. Receives $40 Million Refinancing for Edens Collection in Chicago

by Hayden Spiess

Chicago — The Jaffe Cos. has received a $40 million loan for the refinancing of Edens Collection, a retail center located in Chicago. Built in 2020, the property comprises 142,740 square feet and was 94 percent leased at the time of financing. Keith Largay and Christopher Knight of JLL Capital Markets secured the five-year, floating-rate loan through Pacific Life Insurance Co. on behalf of the borrower. Target anchors the center, which is home to other tenants including Ross Dress for Less, Starbucks Coffee, LA Fitness, Five Below, Chipotle Mexican Grill, …

Continue Reading
0 FacebookTwitterLinkedinEmail
huron-wells
IllinoisInvestment salesNews

Mid-America Brokers Sale of 17,343-Square-Foot Retail Property in Chicago’s River North

by Hayden Spiess

Chicago — Mid-America Real Estate Corp. has brokered the sale of Huron & Wells, a 17,343-square-foot retail property located in Chicago’s River North neighborhood. A newly renovated CVS/pharmacy anchors the property, which is home to tenants including aesthetic dermatology clinic Laser Away, Japanese restaurant Cocoro and fitness concept Vibez Fit. Joe Girardi and Emily Gadomski of Mid-America represented the Chicago-based private seller in the transaction. Josh York of Syndicated Equities represented the California-based 1031 exchange buyer.

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts