Grubb & Ellis has arranged for the Solo Cup Corp. to lease 145,000 square feet of warehouse space in the former Libby, McNeil, Libby plant at 1700 W. 119th Street. Value of the transaction was not disclosed. The property, which contains a total of 658,000 square feet, was recently purchased by Crown Oak Inc. Solo Cup will use the warehouse space for several of its Midwest manufacturing operations. Grubb & Ellis represented both parties in the transaction.
3 industrial buildings sold
Grubb & Ellis has arranged the sale of two industrial buildings located in the Forest Creek Industrial Park in northwest suburban Wood Dale. The selling price was not disclosed. The two light industrial buildings, totaling 64,405 square feet, were purchased by the Equitable Life Assurance Society of the U.S. Developer of the buildings is MRX Development. Grubb & Ellis represented MRX Development in the transaction.
Grubb & Ellis also has arranged the sale of an 86,000 square foot industrial building located at 7850 Quincy St. in the southwest suburban Willowbrook Executive Plaza. The Equitable Insurance Company of the U.S purchased the multi-tenant property from Willow Associates for approximately $3.5 million. Willowbrook Executive Plaza is a modern office and industrial park located at the Int. Hwy. 55/Ill. Hwy. 83 interchange in Du Page County.
Charles Levy buys garage-depot
The Charles Levy Circulating Co. has bought a 20,000-square foot garage facility at 1137-47 N. Northbranch, just south of Division Street on Goose Island on Chicago`s Northwest Side. The purchase price was not disclosed. Levy will use the facility as a truck maintenance and storage depot. Grubb & Ellis represented Charles Levy Circulating; Chicago real estate broker William Brandt, of Development Specialists, Inc., represented the undisclosed seller. Coldwell opens at Water Tower
Coldwell Banker Real Estate-Chicago/Milwaukee has expanded its downtown Chicago market with the recent opening of a Water Tower Place office. Located on the 8th floor, the 3,000 square foot facility houses a staff of 30 professional sales people.
ILT gets landscapers award
The Illinois Landscape Contractors Association recently gave its first place Gold award for multifamily maintenance program to ILT Company Inc. for its work at Lake Barrington Shores, Barrington. The 500-acre resort home is near a forest preserve and has its own lake and 18-hole golf course. ILT presently maintains the landscapes of more than 900 homes.
Federal Express in Elk Grove
Federal Express has completed construction on a new 36,000 square foot depot and office building at 1200 Devon, Elk Grove Village. Total cost for the new sorting station is in excess of $1.2 million. The company also has recently completed facilities on Plum Grove Road in the Woodfield Business Center.
Townhouse renovation
Casualty Damage Contruction Services has begun renovation on a stretch of townhouses from 2014-2151 W. 171st St., Hazel Crest. The former rental properties ”are being returned to first class condition” to be sold as individually owned, three-bedroom units, said Chuck Peters, one of three brothers who own Casualty Damage. The seven-building development has been renamed Terrace Townhomes
Kunkel offices expand
A major expansion and remodeling program is nearing completion in the 734 Lee St., Des Plaines, offices of Wm. L. Kunkel & Co. The real estate firm is affiliated with the Homes for Living Network and is now celebrating its 60th year in the northwest suburbs. Kunkel`s commercial-investment division will remain at 880 Lee St.
Latest office center for HQ
Headquarters Inc. has signed a long-term lease for 21,000 square feet
(the entire top floor) in the Marquette Center office building at Golf and New Wilke Roads in northwest suburban Rolling Meadows. The tenant will subdivide and sublet its space as a shared-service office facility, according to Irvine Associates, Chicago, leasing agent for the 12-story, 251,000-square- foot Marquette Center.
Baby Bell unit in Mt. Prospect
Cellular Business Systems Inc., a division of Cincinnati Bell Information Systems, leased 36,188 square feet, or the entire fourth floor and half of the third floor, in the Kensington Office Plaza, Mt. Prospect, and moved its corporate headquarters there from Park Ridge. The four-story Kensington Office Plaza is at Feehanville Drive and Wolf Road along the eastern edge of the Kensington Center business park. It is the first multi-story office building to be constructed by Opus Corp. in the 300-acre development. Cushman & Wakefield of Illinois Inc. represented the tenant in lease negotiations. Hiffman Shaffer Anderson Inc. represented Opus.
Condo group plans lectures
The Association of Condominium, Townhouse and Homeowners Associations
(ACTHA) will repeat its free, ”Everything You Should Know About Condominiums and Townhouses” lectures in February. Condo attorney Donnie Rudd will talk about accounting, insurance, reserve funds, dealing with renters in a condominium association and updates to the Illinois Condominium Property Act at 10 a.m. Feb. 21 at the United Methodist Church of Worth, 7100 W. 112th St., Worth; and at 10 a.m. Feb. 28 in the auditorium of the Chicago Academy of Sciences, 2001 N. Clark St., Chicago. Reservations are mandatory and may be made by contacting Kate Kelley, executive director of ACTHA, 852-3935.
Credit firm consolidates HQ
Credichex Inc., a firm that provides residential real estate credit reports to mortgage lenders, has leased 22,000 square feet for a consolidated Illinois headquarters at the Enterprise Office Campus at Ill. Hwy. 53 and Dundee Road in Arlington Heights. The tenant began occupying its new offices in November and is expected to complete its move in January. Credichex will continue to maintain offices in Oak Brook, Rockford, Kenosha and Milwaukee and plans to open new offices in Atlanta, Minneapolis and Merrillville, Ind. Frain Camins & Swartchild was the sole real estate brokerage in the transaction.
Publisher takes space in Niles
Century Communications Inc., a publishing firm, has signed a lease valued at more than $1 million, moved from Skokie and occupied 25,000 square feet of offices and 6,000 square feet of industrial space at Howard Commons, 6201 W. Howard St., Niles. Royal LePage Commercial Real Estate Services, Chicago, represented Century in lease negotiations. Schmid Real Estate, Chicago, represented Howard Commons, a mixed-use project with 50,000 square feet of offices, 110,000 square feet of technical-service space and 160,000 square feet of warehousing.
2 industrial deals in Chicago
Frain Camins & Swartchild Inc. recently arranged the sale of two Chicago industrial properties for an estimated $2.2 million. LSI Steel Processing acquired a single-story, 121,000-square-foot steel warehouse at 4444 S. Kildare Ave.; while Equip Manufacturing Co. Inc., a manufacturer of food processing equipment, purchased a one-story, 22,000-square-foot building at 4457 Kildare Ave. The seller of both properties was the First National Bank of Chicago, trustee. In the transactions, Frain represented both the bank and Equip Manufacturing Co., while ARM Investments represented LSI Steel.
Captur to build in River North
Captur Corp., starting in April, plans to build an eight-story, 67,000-square-foot office building in the River North neighborhood of Chicago`s Near North Side. The Chicago-based development firm recently acquired a mostly vacant, loft-type structure and an adjacent corner lot at 6 W. Hubbard St. and plans to clear the site in April to make way for its new office building, which is expected to be completed by year`s end. Hiffman Shaffer Anderson Inc. represented Captur in the site acquisition and will be the new building`s leasing and management agent. Sherwin Realty represented the seller of the property, whose identity was withheld.
Gold Coast apartments sold
Syndicated Equities Corp., a Chicago firm specializing in real estate and corporate acquisitions, has paid $7.5 million for the 20-story, 92-unit apartment high-rise at 71 E. Division St., Chicago. The seller was Broadacre Management Co., which acquired and completed the building in 1976. Financing for the transaction was provided by Exchange National Bank and Mid-North Financial Services Inc., both of Chicago.
Industrial deal in Addison
Volini & Son, a food distributor, has purchased a 15,000-square-foot building at 120 Laura Dr., Addison. The single-story, masonry and steel structure was built in 1964 and came with a 31,000-square-foot site, according to Baird & Warner`s corporate group in Rolling Meadows, which represented the seller, a land trust at South Chicago Savings Bank, Chicago.
