2007 Award Nomination for:
Broker Transaction of the Year - Downtown Office Investment
(1 of 5 in this category)
____________________________________________________________________________________
Property Information
311 South Wacker Drive In August 2006, Cushman & Wakefield represented Walton Street Capital in
311 South Wacker Drive the sale of 311 South Wacker Drive, a 1,281,000 s.f. office building located
Chicago, IL 60606 in the West Loop submarket. The 65-story office building was built in 1990.
The buyer was David Werner/Mark Korasick. Sale price was $292 million or
$228 p.s.f.
Transaction Value: $292 million
Square Footage: 1,281,000 s.f.
____________________________________________________________________________________
Developer / Broker Information
Broker Broker
Brian Nagle John Gavin
Cushman & Wakefield of Illinois, Inc. Cushman & Wakefield of Illinois, Inc.
Broker
Paul Lundstedt
Cushman & Wakefield of Illinois, Inc.
2007 Award Nomination for:
Broker Transaction of the Year - Downtown Office Investment
(2 of 5 in this category)
____________________________________________________________________________________
Property Information
625 North Michigan Jones Lang LaSalle was retained by BPG Properties to market 625 North
Avenue Michigan Avenue, a 28-story, 350,000 s.f. mixed-use building located in the
625 North Michigan center of Chicago's internationally renowned Magnificent Mile. Jones
Avenue Lang LaSalle employed an aggressive marketing strategy, positioning the
Chicago, IL 60611 building's prime retail space as a significant value creation opportunity.
Several retail tenants were paying rents nearly $100 p.s.f. below market
levels with midterm expirations, and the building featured an underutilized,
but valuable, restaurant space. After generating enormous buyer interest
the property was sold in just 12 weeks for nearly $111.6 million or $319
p.s.f. with an initial yield of 4.9 percent.
Transaction Value: $111.6 million
Square Footage: 350,000 s.f.
____________________________________________________________________________________
Developer / Broker Information
Broker Broker Broker
Peter Harwood Jim Postweiler Bruce Miller
Jones Lang LaSalle Jones Lang LaSalle Jones Lang LaSalle
2007 Award Nomination for:
Broker Transaction of the Year - Downtown Office Investment
(3 of 5 in this category)
____________________________________________________________________________________
Property Information
Dearborn Center 131 South Dearborn is a 1.5 million r.s.f., Class A+ trophy office tower with
131 South Dearborn a 213-space underground parking garage. The 37-story building was
Chicago, IL 60606 completed in 2003 and is currently 91% leased to JP Morgan Chase,
Citadel Investment Group, Seyfarth Shaw LLP and Holland & Knight,
among others. Located at the corner of Dearborn and Adams Streets, 131
South Dearborn is situated in the heart of Chicago's central business
district. Project Architect: Ricardo Bofill & James DeStefano; GC: Turner
Construction Company; Developer: Prime/Beitler Development Company,
L.L.C.
Transaction Value: $560,000,000
Square Footage: 1,504,364 s.f.
____________________________________________________________________________________
Developer / Broker Information
Broker Broker
Jeff Bramson Jamie Fink
Holliday Fenoglio Fowler, L.P. Holliday Fenoglio Fowler, L.P.
2007 Award Nomination for:
Broker Transaction of the Year - Downtown Office Investment
(4 of 5 in this category)
____________________________________________________________________________________
Property Information
John Hancock Center John Hancock Center is a famed Chicago icon and one of the nation's most
875 North Michigan enduring landmarks. Completed in 1970 and designed by world-renowned
Avenue Skidmore Owings & Merrill, John Hancock Center is a mixed-use icon that
Chicago, IL 60661 defines Chicago's skyline and the famed Magnificent Mile. Standing at
1,127 feet and 100 stories high, the property is comprised of 1,103,000 r.s.f
of office, retail, observatory, broadcasting space, and a 710-space parking
garage. Tishman Realty and Construction Company served as the general
contractor for John Hancock Center. Eastdil Secured represented
Shorenstein in the January 2007 sale of John Hancock Center to Whitehall
and Golub & Company.
Transaction Value: $383 million
Square Footage: 1,103,000 s.f.
____________________________________________________________________________________
Developer / Broker Information
Broker Broker Broker
Chang Lee Blake Johnson Stephen Livaditis
Eastdil Secured, LLC Eastdil Secured, LLC Eastdil Secured, LLC
2007 Award Nomination for:
Broker Transaction of the Year - Downtown Office Investment
(5 of 5 in this category)
____________________________________________________________________________________
Property Information
USG Building Based on the CBRE team's recent success at selling Fortune 500 HQ
550 West Adams buildings (Boeing, Quaker), Fifield Companies and Strategic Partners
Chicago, IL retained the CBRE DT Office team to sell its latest office development. The
team was able to overcome USG's recent emergence from bankruptcy and
strongly positioned the property on its international platform, resulting in a
directly negotiated sale to Sweden's SEB Group for $178 million or $372
p.s.f.
Transaction Value: $178 million
Square Footage: 479,000 s.f.
____________________________________________________________________________________
Developer / Broker Information
Broker Broker
Tony Smaniotto Michael Vesper
CB Richard Ellis, Inc. CB Richard Ellis, Inc.
2007 Award Nomination for:
Broker Transaction of the Year - Downtown Office
(1 of 6 in this category)
____________________________________________________________________________________
Property Information
Citigroup at 227 West During the first quarter of 2007, The Staubach Company completed a
Monroe/500 West twelve month strategic planning process for the Citigroups's Downtown
Madison Chicago facilities that culminated in a 397,000 r.s.f. dual collocation
227 West Monroe / 500 (245,000 r.s.f. at 227 West Monroe and 152,000 r.s.f. at 500 West Madison)
West Madison that encompassed 4 business units from 8 different locations with 6 different
Chicago, IL 60606 lease expirations. Maintaining and improving signage, branding, and identity
were essential to each Citigroup business unit in the decision making
process. Options to renew, expand, contract, and terminate provided the
ultimate flexibility during the terms of the leases.
Transaction Value: $136.3 million
Square Footage: 397,000 s.f.
____________________________________________________________________________________
Developer / Broker Information
Landlord/Seller's Landlord/Seller's
Ann Tomlinson (for 500 West Madison) Joe Gordon (for 227 West Monroe)
MB Real Estate Tishman Speyer
Landlord/Seller's
Vicki Noonan (for 227 West Monroe)
Tishman Speyer
Tenant/Buyer's
Steve Stratton, Jock Howland, Dan Maslauski, Katie Whittlesey Comstock, Joel Jaffe, Molly
Carroll
The Staubach Company
2007 Award Nomination for:
Broker Transaction of the Year - Downtown Office
(2 of 6 in this category)
____________________________________________________________________________________
Property Information
Erikson Institute at The Erikson Institute, the nation's leading child-development professional
One11 West Illinois graduate school, purchased 75,000 s.f. on three floors to anchor The Alter
Street Group's 111 West Illinois office building in River North. The complex
111 West Illinois Street transaction involved multiple RSA, REA and other contract negotiations,
Chicago, IL 60610 which benefit not-for-profit organizations. One of Chicago's only
Class-A-to-own office buildings, 111 West Illinois offers entrepreneurial
businesses 227,604 s.f. on 10 floors, and incorporates a suite of
green-building, and sustainable design elements. Erikson's commitment,
made prior to the January groundbreaking, followed an intensive four-year
search to identify the optimal location to suit its unique needs. Served by a
dedicated entrance with prominent signage, Erikson's space allows
projected growth in academic programs, research activities, community
projects and clinical programs. The architect is Solomon Cordwell Buenz &
Associates. The general contractor is McHugh Construction Company.
Transaction Value: $20 million
Square Footage: 75,000 s.f.
____________________________________________________________________________________
Developer / Broker Information
Landlord/Seller's Tenant/Buyer's Tenant/Buyer's
Matthew Ward Stephen Simsic Geoff Euston
The Alter Group, Ltd. U.S. Equities Realty U.S Equities Realty
2007 Award Nomination for:
Broker Transaction of the Year - Downtown Office
(3 of 6 in this category)
____________________________________________________________________________________
Property Information
RSM McGladrey at One RSM McGladrey, the fourth-largest accounting firm in the Chicago area,
South Wacker renewed its lease for 169,000 s.f. at One South Wacker, after seriously
One South Wacker considering moving its downtown Chicago office to several other Loop
Chicago, IL 60606 skyscrapers. The 15-year agreement includes expansion options that would
allow the company to eventually bring in employees currently at 191 North
Wacker. The CBRE team of Peter Livaditis and Paul Buckingham were able
to negotiate superior flexibility, exterior building identity and compelling cost
structure.
Transaction Value: $undisclosed
Square Footage: 169,000 s.f.
____________________________________________________________________________________
Developer / Broker Information
Landlord/Seller's Tenant/Buyer's Tenant/Buyer's
Stephen Smith Paul Buckingham Peter Livaditis
Jones Lang LaSalle CB Richard Ellis, Inc. CB Richard Ellis, Inc.
2007 Award Nomination for:
Broker Transaction of the Year - Downtown Office
(4 of 6 in this category)
____________________________________________________________________________________
Property Information
Skadden, Arps, Slate, Rising rent conditions in 2006 and a serious lack of large blocks of quality
Meagher and Flom at space in Chicago made timing a critical element as New York-based law
155 North Wacker Drive firm Skadden, Arps, Slate, Meagher and Flom sought to secure a
155 North Wacker Drive state-of-the-art, highly efficient office. As the firm's global property advisor,
Chicago, IL 60606 Jones Lang LaSalle finalized negotiations at 155 North Wacker Drive, in
which the law firm will anchor John Buck's proposed 1.1 million s.f. tower
with a 165,000 s.f. lease. Jones Lang LaSalle also leveraged a back up
option for the firm, and secured a favorable economic package in a rising
market.
Transaction Value: $undisclosed
Square Footage: 165,000 s.f.
____________________________________________________________________________________
Developer / Broker Information
Landlord/Seller's Landlord/Seller's Tenant/Buyer's Tenant/Buyer's
Drew Nieman Kevin Morgan Dan McCarthy Brad Balson
The John Buck Company The John Buck Company Jones Lang LaSalle Jones Lang LaSalle
Tenant/Buyer's
Elaine Melonides
Jones Lang LaSalle
2007 Award Nomination for:
Broker Transaction of the Year - Downtown Office
(5 of 6 in this category)
____________________________________________________________________________________
Property Information
United Airlines at 77 The Staubach Company was engaged in March of 2007 to assess the
West Wacker possibility for United Airlines to relocate its headquarters function from its
77 West Wacker campus in Elk Grove Village to downtown Chicago, giving similar
Chicago, IL 60601 consideration to competing cities where United had a significant presence,
Denver and San Francisco. The Staubach Company was called upon to
evaluate and negotiate market options in each of the three cities in a
parallel track with municipal incentives discussions. The end result was one
of the highest profile transactions completed in Chicago in 2007, a 137,000
s.f. lease at what is now the United Building at 77 West Wacker.
Transaction Value: $75 million
Square Footage: 137,044 s.f.
____________________________________________________________________________________
Developer / Broker Information
Landlord/Seller's Tenant/Buyer's Tenant/Buyer's
Jeff Patterson Steve Stratton Dave Matthews
Prime Group Realty Trust The Staubach Company The Staubach Company
Tenant/Buyer's Tenant/Buyer's
Hugh Murphy Molly Carroll
The Staubach Company The Staubach Company
2007 Award Nomination for:
Broker Transaction of the Year - Downtown Office
(6 of 6 in this category)
____________________________________________________________________________________
Property Information
Zurich American The UGL Equis team of Todd Mintz, Jeff Miller and Steve Schneider
Insurance at Riverside represented Zurich American Insurance in a 112,200 s.f., 10-year, office
Plaza lease at 10 South Riverside Plaza. A long-standing tenant at 550 West
10 South Riverside Plaza Washington, Zurich expanded its space by 30% and due to its relocation,
Chicago, IL 60606 opened up space for Chicago Mercantile Exchange's administrative offices.
Working closely with Trizec Properties, the former landlord, Information
Architects and Clune Construction, UGL Equis was able to coordinate the
complex deal and negotiate favorable lease terms and build-out space for
Zurich.
Transaction Value: $undisclosed
Square Footage: 112,200 s.f.
____________________________________________________________________________________
Developer / Broker Information
Landlord/Seller Tenant/Buyer's Tenant/Buyer's Tenant/Buyer's
Nancy Fendley Steve Schneider Jeff Miller Todd Mintz
Trizec Properties, Inc. UGL Equis UGL Equis UGL Equis
2007 Award Nomination for:
General Contractor of the Year
(1 of 4 in this category)
____________________________________________________________________________________
Developer / Broker Information
Turner Special Projects Division
____________________________________________________________________________________
Property Information
250 South Wacker 250 South Wacker Renovations was comprised of complete exterior,
Renovation interior MEP and base building renovations to the 280,000 s.f., 16-story
250 South Wacker building. Exterior renovations involved extensive restoration and recladding
Chicago, IL 60606 of the entire building providing a new façade featuring a contemporary
translucent metal-panel system. Interior renovations involved all new MEP
systems throughout the building. Building renovations included the
renovation of a basement level from storage space to a parking level. Client:
D2 Realty; Architect: Bauhs Dring Seglin Main
Total Cost: $19.5 million
Square Footage: exterior renovation
of 280,000 s.f. bldg s.f.
-
Exelon Corporate The Exelon Corporate Headquarters is a new 250,000 r.s.f., 10-floor project
Headquarters including executive offices, workstations, conference rooms, fitness center,
10 South Dearborn general open office space and IT infrastructure including a 2,000 s.f. data
Chicago, IL 60603 center. The Exelon Corporate Headquarters project achieved certification
under the U.S. Green Building Council's Leadership in Energy and
Environmental Design (LEED) Commercial Interiors (CI) program and is
currently the world's largest LEED-CI Platinum project. Client: Exelon
Corporation; Architect: Interior Space International (ISI)/An A. Epstein
Company
Total Cost: $undisclosed
Square Footage: 250,000 s.f.
-
Garmin Flagship Store The Garmin Flagship Store is a new 5,000 s.f., two-story retail shop
663 North Michigan featuring very high-end finishes and custom features throughout the store
Avenue including a digitally engineered sleek looking sculptural wood wall, metal
Chicago, IL 60611 ceiling, frameless glass window, floating aluminum staircase, display
fixtures, terrazzo flooring and a state-of-the-art movie/presentation theatre.
Exterior features include illuminated light boxes that glow in the signature
shade of Garmin blue from the store's upper level outside. Client: Garmin;
Architect: Valerio Dewalt Train Associates
Total Cost: $7 million
Square Footage: 5,000 s.f.
2007 Award Nomination for:
General Contractor of the Year
(2 of 4 in this category)
____________________________________________________________________________________
Developer / Broker Information
Clayco
____________________________________________________________________________________
Property Information
3M Distribution Center Total Cost: $15 million
1211 Fairview Avenue Square Footage: 410,000 s.f.
DeKalb, IL 60115
-
Health Care Service Total Cost: $16 million
Corporation Square Footage: 138,000 s.f.
955 West Cermak Road
Chicago, IL 60608
-
Mission Critical Data Total Cost: $30 million
Center Square Footage: 240,000 s.f.
1905 Lunt Ave
Elk Grove Village, IL
60007
2007 Award Nomination for:
General Contractor of the Year
(3 of 4 in this category)
____________________________________________________________________________________
Developer / Broker Information
McShane Construction Corporation
____________________________________________________________________________________
Property Information
Aloft Hotel The new six-story, 251-room Aloft Hotel property is located at the Rosemont
Rosemont Walk Walk in Rosemont, IL. McShane Construction was selected by Continental
Rosemont, IL 60018 Properties Company, Inc. to provide the construction for the Aloft property
that represents the first Aloft Hotel to be constructed in the Midwest. Aloft is
a property of the W Hotel chain that is owned by Starwood Hotels & Resorts
Worldwide, Inc. Merriman Associates/Architects is providing the
architectural services for this project.
Total Cost: $22 million
Square Footage: 129,250 s.f.
-
Lakeshore Medical The Lakeshore Medical Center is a new five-story, 172,000 s.f. medical
Center office building located at 4700 North Marine Drive in Chicago. The medical
4700 North Marine Drive office facility is directly connected to Weiss Memorial Hospital via an
Chicago, IL 60640 enclosed, above ground pedestrian walkway. McShane Construction also
completed an additional sixth floor level to the existing structured parking
deck to accommodate the parking requirements of the new medical office
building. Gelick Associates provided architectural services for the project.
Wellness Associates, LLC, in association with Weiss Memorial Hospital, is
the owner of the project. Howard Koop, principal with Chicago-based Koop
Management, Inc., is providing development services for the owner of the
project.
Total Cost: $23 million
Square Footage: 172,000 s.f.
-
Liberty Point Corporate The Liberty Point Corporate Center is a 63-acre business park that is
Center comprised of three industrial facilities totaling over 950,000 s.f. situated at
Midlothian and Peterson the corner of Midlothian and Peterson in Libertyville, IL. Medline Industries,
Libertyville, IL 60092 Inc. occupies a 596,000 s.f. build-to-suit in the park while the
McShane/MetLife industrial development alliance added two speculative
facilities totaling 359,000 s.f. to the development. Design/Builder: McShane
Construction Corporation; Architect: Heitman Architects, Inc.; Brokers for
Medline Industries, Inc.: David Kahnweiler and Steven Disse, Colliers,
Bennett & Kahnweiler; Brokers for McShane Corporation: Stephen Trapp,
John Hauser and Charles Des Rosiers, Cushman & Wakefield.
Total Cost: $60 million
Square Footage: 950,000 s.f.
2007 Award Nomination for:
General Contractor of the Year
(4 of 4 in this category)
____________________________________________________________________________________
Developer / Broker Information
Ryan Companies US, Inc.
____________________________________________________________________________________
Property Information
Randall Crossing I & II In 2006 Ryan Companies developed two new buildings totaling almost
2700 Alft Lane 420,000 s.f. in its fourth Chicago area business park, Randall Crossings
Elgin, IL 60120 Business Park in Elgin, IL. Buildings are divisible and suitable for single or
multi-tenant use. Randall Crossings Business Park is a 70-acre park
located one half mile from Randall Road and the I-90/Northwest Tollway
interchange. Randall features land sites from 4 to 30 acres and, depending
on the type of business that locates there, can accommodate buildings
ranging from 25,000 s.f. to 500,000 s.f.
Total Cost: $25 million
Square Footage: 418,740 s.f.
-
Sears Centre Sears Centre is the $65 million, 11,000-seat multi-purpose
5333 Prairie Stone sports/entertainment arena that has significantly changed the landscape in
Parkway Hoffman Estates, Prairie Stone Business Park and the western suburbs. It
Hoffman Estates, IL is Chicago's first entirely new indoor entertainment facility in 25 years. The
60192 arena, which will host 140+/- events and attract 750,000 people annually,
was completed at two thirds the cost and in one third less time than typical
for arenas this magnitude-a feat made possible by assembling the very best
team possible and adopting a traditional Design Build approach-without
sacrificing any quality. The project was designed by Ryan Companies.
Total Cost: $65 million
Square Footage: 250,000 s.f.
-
Thomas Place Thomas Place is the newly constructed, mixed income senior development
2200 Patriot Drive in Glenview, within The Glen, the 1,000 acre mixed use development on the
Glenview, IL 60025 former Glenview Naval Air Base. Thomas Place consists of 144 units
developed in one three-story building in a block "A" shape design. The unit
sizes are approximately 900-925 s.f. for the 44 one bedroom, one bathroom
units, and 1,165-1,200 s.f. for the 100 two bedroom, two bath units. In
contrast to so many new projects Thomas Place consists of 36 market rate
units and 108 affordable units for lower income residents.
Total Cost: $22 million
Square Footage: 144 units s.f.
2007 Award Nomination for:
Industrial Build-to-Suit of the Year
(1 of 5 in this category)
____________________________________________________________________________________
Property Information
BMW at Internationale ProLogis entered into a ten year lease to build a new Class A facility for
Centre South BMW for the storage and handling of automotive and motorcycle parts and
100 Internationale accessory items. This LEED certified facility will join Kellogg's,
Parkway South Alberto-Culver, and Clorox in ProLogis' Internationale Centre South in
Minooka, IL 60447 Minooka. The new 306,240 s.f. Midwest Regional RDC will include over
11,000 s.f. office improvements, 36' clear height, 50,000 s.f. parts
mezzanine with integrated racking, 15 docks, 25 dedicated trailer stalls, and
T-8 lighting. Andy Corkan, John Porter, Bayne Porter and Bob Hutson from
CBRE represented BMW. Vern Schultz and Brent DeNoble from CBK are
ProLogis' park agents. The design build team includes: ProLogis, FCL
Builders, Heitman Architects and Spaceco.
Total Cost: $15.5 million
Square Footage: 306,240 s.f.
____________________________________________________________________________________
Developer / Broker Information
Doug Kiersey
ProLogis
2007 Award Nomination for:
Industrial Build-to-Suit of the Year
(2 of 5 in this category)
____________________________________________________________________________________
Property Information
McCook Cold Storage Located in the McCook Business Center, this 151,814 s.f. facility is a full
8801 West 50th Street service public refrigeration facility offering 100,000 s.f. of multi-temperature
McCook, IL 60525 freezer/cooler space, 26 enclosed and refrigerated truck docks, 38' clear
height and a USDA-approved warehouse. This is one of the five build-to-suit
projects at McCook Business Center, a brownfield redevelopment of a
shuttered Alcoa Aluminum manufacturing plant. To date, CenterPoint has
invested $117 million into demolition, remediation and the construction of
800,000 s.f. of industrial buildings.
Total Cost: $11.5 million
Square Footage: 151,814 s.f.
____________________________________________________________________________________
Developer / Broker Information
Nicole Clemens
CenterPoint Properties
2007 Award Nomination for:
Industrial Build-to-Suit of the Year
(3 of 5 in this category)
____________________________________________________________________________________
Property Information
Medline at Liberty Point The new 597,000 s.f. build-to-suit regional distribution facility for Medline
Corporate Center Industries, Inc. is located in McShane Corporation's Liberty Point Corporate
Midlothian and Peterson Center at Peterson and Midlothian Roads in Libertyville, IL. McShane
Roads Corporation worked in concert with Medline's brokers, David Kahnweiler
Libertyville, IL 60048 and Steve Disse of Colliers, Bennett & Kahnweiler, to provide a turnkey real
estate solution for this large medical supply distributor that would advance
the firm's corporate growth and expansion goals. McShane delivered a
comprehensive development and leasing program together with on-time
delivery by design/builder McShane Construction Corporation and Heitman
Architects that allowed Medline to meet its expansion objectives and occupy
the new facility within the desired timeframe.
Total Cost: $34.2 million
Square Footage: 597,000 s.f.
____________________________________________________________________________________
Developer / Broker Information
Jim McShane
McShane Corporation
2007 Award Nomination for:
Industrial Build-to-Suit of the Year
(4 of 5 in this category)
____________________________________________________________________________________
Property Information
Smurfit-Stone Container Recently, Northern Builders, Inc. broke ground on a 355,363 s.f. rail-served
at Cherry Hill Rail Park build-to-suit for Smurfit-Stone Container Corporation, the world's largest
2251 Berens Drive manufacturer and supplier of corrugated containers. Signing on as
New Lenox, IL 60451 Northern's inaugural tenant in their Cherry Hill Rail Park, 12-months of
coordination with local, county, state and federal agencies was required to
secure site access, rail access and an aggressive incentive package.
Additionally, in order to meet the aggressive project schedule, Northern was
required to complete over $10 million of site development and infrastructure
work in just 60 days. Completion of these infrastructure improvements
proved to be as complicated as the building construction itself. Smurfit's
consolidation of their Midwest operations to New Lenox represents a major
investment in both equipment and personnel. When operational, this facility
will incorporate over $30 million of new corrugating and box manufacturing
equipment as well as employ over 200 NEW employees, a rarity in the
Chicagoland area. The facility is located on 20 acres of land and includes 28
dock positions, 100 trailer stalls, 120 car parking stalls and an interior rail
siding for 9 rail cars. Smurfit-Stone anticipates receiving over 3,000 rail cars
annually.
Total Cost: $10 million
Square Footage: 355,000 s.f.
____________________________________________________________________________________
Developer / Broker Information
Christopher Bultinck
Northern Builders, Inc.
2007 Award Nomination for:
Industrial Build-to-Suit of the Year
(5 of 5 in this category)
____________________________________________________________________________________
Property Information
Uline, Inc. CenterPoint recently completed a $23 million distribution center for Uline,
11140 88th Avenue Inc., the leading distributor of shipping, industrial, and packing materials to
Pleasant Prairie, WI businesses throughout the United States. The building was initially
53158 developed as a 301,650 s.f. speculative facility, but with its prime location
and amenities, Uline constructed a 300,726 s.f. addition and signed a
10-year lease for the entire space. Located in LakeView Corporate Park in
Pleasant Prairie, WI, this Class A building contains 4,000 s.f. of office, 30'
clear height and 128 exterior truck docks. As a result of this successful
development, CenterPoint has established an ongoing working relationship
with Uline, Inc. leasing additional space in Gurnee, IL.
Total Cost: $23 million
Square Footage: 602,376 s.f.
____________________________________________________________________________________
Developer / Broker Information
Nicole Clemens
CenterPoint Properties
2007 Award Nomination for:
Industrial Developer of the Year
(1 of 8 in this category)
____________________________________________________________________________________
Developer / Broker Information
AMB Property Corporation
____________________________________________________________________________________
Property Information
AMB Mt. Prospect AMB Mt. Prospect Distribution: Krusinski Construction Company Kwasek
Distribution Architects
1333-1347 Mt. Prospect Total Cost: $26,500,000
Road Square Footage: 228,603 s.f.
Des Plaines, IL 60019
-
AMB Turnberry Lakes David Bercu, Ron Behm & Jeff Kapcheck Colliers Bennett & Kahnweiler
1620 Central Avenue Heitman Architects TCB Design Build.
Roselle, IL 60172 Total Cost: $11,000,000
Square Footage: 179,400 s.f.
-
AMB Wille Distribution AMB Wille Distribution: The Missner Group Tim Cronin & Jeff Janda & Jim
255 North Wille Road Planey Lee & Associates David Bercu & Tom Rodeno Colliers Bennett
Des Plaines, IL 60019 & Kahnweiler Harris Architects
Total Cost: $21,500,5000
Square Footage: 253,410 s.f.
2007 Award Nomination for:
Industrial Developer of the Year
(2 of 8 in this category)
____________________________________________________________________________________
Developer / Broker Information
Northern Builders, Inc.
____________________________________________________________________________________
Property Information
Andrew Corporation During the 2006/2007 development year, Northern Builders initiated over
Build-To-Suit 2.9 million s.f. of development projects in ten separate transactions. In a
market filled with speculative development, Northern is pleased to have
Joliet, IL completed seven build-to-suit transactions for both new and existing clients.
In addition, Northern takes great pride in the fact that these build-to-suit
developments resulted in the creation and retention of over 1,250 full-time
jobs in the Chicagoland area.
Total Cost: $65 million
Square Footage: 690,000 s.f.
-
Hickory Farms Total Cost: $23 million
Build-To-Suit Square Footage: 412,000 s.f.
Joliet, IL
-
Smurfit-Stone Rail Total Cost: $22 million
Served Facility Square Footage: 355,000 s.f.
Build-To-Suit
New Lenox, IL
2007 Award Nomination for:
Industrial Developer of the Year
(3 of 8 in this category)
____________________________________________________________________________________
Developer / Broker Information
ProLogis
____________________________________________________________________________________
Property Information
BMW Build-to-Suit Total Cost: $15.5 million
Square Footage: 306,240 s.f.
Minooka, IL 60447
-
Kraft Foods Lease Over the past 12 calendar months, ProLogis has undertaken 2.8 million s.f.
ProLogis Park 80 of developments including Build-to-Suit, Inventory (speculative), and
Morris, IL 60450 Redevelopment projects. Through aggressive acquisitions, development,
and lease activities, ProLogis continues to grow and extend the boundaries
of its Chicago portfolio. ProLogis is the world's largest owner, manager and
developer of distribution facilities with a global platform of 437 million s.f.
and a growing Chicago platform of 105 buildings totaling nearly 23 million
s.f.
Total Cost: $32 million
Square Footage: 806,000 s.f.
-
Nippon Express Co. Total Cost: $30 million
Build-to-Suit Square Footage: 155,200 s.f.
Des Plaines, IL 60016
2007 Award Nomination for:
Industrial Developer of the Year
(4 of 8 in this category)
____________________________________________________________________________________
Developer / Broker Information
IDI
____________________________________________________________________________________
Property Information
Bolingbrook Corporate Architect: Michael J. Sparks Architects; General Contractor: KBD
Center West 1 - Peacock Construction Services; Tenant Brokers: James Planey, Jeff Janda, Lee &
Engineering Associates; Listing Brokers: Ben Cremer, Mike Robbins, NAI Hiffman
1100 Remington BoulevardTotal Cost: $26 million
Bolingbrook, IL Square Footage: 443,010 s.f.
-
Hudd/Maersk Architect: Philip Prince & Associate Architects; General Contrator: KBD
Build-to-Suit Construction Services; Procuring Broker: Len Caldeira, The Staubach
4000 Rock Creek Company
Boulevard Total Cost: $28,000,000
Joliet, IL Square Footage: 352,000 s.f.
-
Pampered Chef Architect: Formations Architects & Planners; General Contractor: KBD
Build-to-Suit Construction Services; Brokers: John Cash, David Haigh, NAI Hiffman
180 North Meadow Total Cost: $22,000,000
Addison, IL Square Footage: 265,058 s.f.
2007 Award Nomination for:
Industrial Developer of the Year
(5 of 8 in this category)
____________________________________________________________________________________
Developer / Broker Information
Opus North Corporation
____________________________________________________________________________________
Property Information
Briarwood Business Located in the O'Hare market on land purchased from United Airlines,
Center Briarwood Business Center is a two-building distribution development,
1400 Algonquin & 601 situated on 27 acres at Algonquin Road, west of Elmhurst Road, Mount
Dempster Prospect. Building A is 237,500 s.f. and Building B is 228,162 s.f., for a total
Mt. Prospect, IL 60056 of 465,662 s.f. Both office/warehouse facilities have 30-foot ceilings, flexible
office space with ample docks and trailer parking. Nissin International
Transport and JAS Forwarding are major tenants. Both buildings, designed
by Opus Architects & Engineers, were constructed simultaneously by Opus
North Corporation. Matthew Stauber, Colliers Bennett & Kahnweiler, is the
marketing agent.
Total Cost: $40,000,000
Square Footage: 465,662 s.f.
-
Minooka Ridge I Minooka Ridge I is a speculative building strategically located within the
600 Midpoint Road Minooka Ridge Business Park in the northwest quadrant of the I-80 and
Minooka, IL 60447 Ridge Road interchange in southwest suburban Minooka. Situated on 50
acres, it is the first phase of a four million s.f. development covering 221
acres of land. The one-story cross-dock office/warehouse facility includes
32-foot ceilings, 84 truck docks, up to 450 trailer parking stalls, and an
ESFR sprinkler system. Opus North is the design-build developer/general
contractor with its in-house architectural team. Elise Couston, Ed Wabick
and Margaret Guzek, Paine/Wetzel ONCOR International, were the
marketing agents.
Total Cost: $33,000,000
Square Footage: 861,438 s.f.
-
Oakview Corporate Park This 75-acre industrial development will total 1.2 million s.f. and is located
- Building I near I-90 and Randall Road in West Dundee. This significant project within
901 Wesemann Drive West Dundee's corporate village boundaries will help the village diversify its
West Dundee, IL 60118 tax base and offer tremendous potential for companies and investors who
want an option to the O'Hare market. Speculative Building I is 154,475 s.f.,
divisible down to 25,000 s.f. tenants. The warehouse features 28-foot clear
height, with 26 trailer spaces, 14 docks, and four drive-in doors. Designed
by Opus Architects & Engineers and built by Opus North Corporation.
Brokers: Noel Liston and Richard Daly, Darwin Realty
Total Cost: $10,000,000
Square Footage: 154,475 s.f.
2007 Award Nomination for:
Industrial Developer of the Year
(6 of 8 in this category)
____________________________________________________________________________________
Developer / Broker Information
CenterPoint Properties
____________________________________________________________________________________
Property Information
LakeView XI - Architect: Partners in Design; General Contractor: Berghammer
Speculative Facility Construction; Broker: Whit Heitman, Samuel Badger, Paine/Wetzel ONCOR
11290 80th Avenue International
Pleasant Prairie, WI Total Cost: $21.8 million
53142 Square Footage: 502,000 s.f.
-
Uline, Inc. In 2007, CenterPoint Properties set another record pace for Chicago
11140 88th Avenue industrial real estate development. The company completed 6.15 million s.f.
Pleasant Prairie, WI of new development valued at $272 million for various clients including Pella
53158 Windows & Doors, Wal-Mart and Uline, Inc. Wal-Mart's new 3.4 million s.f.
bulk distribution center at CenterPoint Intermodal Center was the highlight
of the year, and was completed in just over 10 months. Looking toward the
future, the Company started construction on an additional 3.6 million s.f., in
addition to investing more than $170 million in 3,700 acres of developable
land. Architect: Partners in Design; General Contractor: Riley Construction
Total Cost: $23 million
Square Footage: 602,376 s.f.
-
Wal-Mart Stores, Inc. Architect: Cornerstone Architects; General Contractor: FCL Builders
26453 CenterPoint Drive Total Cost: $138 million
Elwood, IL 60421 Square Footage: 3,360,000 s.f.
2007 Award Nomination for:
Industrial Developer of the Year
(7 of 8 in this category)
____________________________________________________________________________________
Developer / Broker Information
Duke Realty Corporation
____________________________________________________________________________________
Property Information
O'Hare Distribution Re-developed site adjacent to the airport required remediation and
Center demolition, including the removal of two underground rail tank cars used for
11501 West Irving Park fire-suppression water storage. Soil was also imported from an adjacent
Franklin Park, IL 60131 Duke site to raise grades necessary for drainage. O'Hare Distribution
Center's 88,060 s.f. of new construction provides direct access to O'Hare's
South Cargo Gate.
Total Cost: $8,400,000
Square Footage: 88,060 s.f.
-
Park 55 Building #2 Park 55 Building #2 sits on 26 acres and will feature 32' clear height, 50
860 West Crossroads exterior truck docks (expandable to 140), four drive-in doors and 71 trailer
Parkway spaces. The development offers outstanding highway access, as it is
Romeoville, IL 60440 located between two four-way exits at Route 53 and Weber Road on
Interstate 55.
Total Cost: $$22,300,000
Square Footage: 650,000 s.f.
2007 Award Nomination for:
Industrial Developer of the Year
(8 of 8 in this category)
____________________________________________________________________________________
Developer / Broker Information
Panattoni Development Company
____________________________________________________________________________________
Property Information
Windham Lakes Project Architect: Kwasek Architects, Inc.; General Contractor: Panattoni
Southwest Building #1 Construction Inc.; Brokers: Larry Johnson, John Suerth, CBRE
1401 West Normantown Total Cost: $29 million
Road Square Footage: 761,318 s.f.
Romeoville, IL 60446
-
Windham Lakes Total Cost: $43 million
Southwest Building #2 Square Footage: 814,848 s.f.
1701 West Frontage Road
Romeoville, IL 60446
-
Windham Lakes Total Cost: $14 million
Southwest Building #3 Square Footage: 260,605 s.f.
1551 West Frontage Road
Romeoville, IL 60446
2007 Award Nomination for:
Broker Transaction of the Year - Industrial Investment
(1 of 6 in this category)
____________________________________________________________________________________
Property Information
CenterPoint Properties Colliers Bennett & Kahnweiler's Investment Services group represented
Portfolio CenterPoint Properties in the disposition of a 21-building, 1,956,975 s.f.
21 buildings industrial investment portfolio sale in the Chicago and Milwaukee
Chicago, IL and metropolitan areas. Due to competitive bidding, the price was driven to
Milwaukee, WI, $122,300,000 ($64.50 p.s.f) and the buyer, ML Realty, was pushed to
complete a 10-day due diligence and close less than 20 days from price
agreement. The size, complexity, and speed of this transaction was
unprecedented, and marked the largest industrial investment sale of the
past year.
Transaction Value: $122.3 million
Square Footage: 1,956,975 s.f.
____________________________________________________________________________________
Developer / Broker Information
Broker Broker
David Egan Jeffrey Devine
Colliers, Bennett & Kahnweiler, Inc. Colliers, Bennett & Kahnweiler, Inc.
Broker Broker
Jeffrey Kahan Steven Disse, SIOR
Colliers, Bennett & Kahnweiler, Inc. Colliers, Bennett & Kahnweiler, Inc.
2007 Award Nomination for:
Broker Transaction of the Year - Industrial Investment
(2 of 6 in this category)
____________________________________________________________________________________
Property Information
Home Depot at 901 Proving that cap rate compression continues in the industrial sector, and
Carlow Drive that pricing is still moving upward for super-core assets, Cushman &
901 Carlow Drive Wakefield represented Boston-based TA Associates in the sale of a
Bolingbrook, IL 60490 750,000 s.f. bulk warehouse located at 901 Carlow Drive in Bolingbrook, IL.
The property was originally built by Northern Builders in 2000 as part of
Carlow Corporate Center and is leased to Home Depot. The buyer was New
York-based TIAA. Sale price was approximately $45 million or $60 p.s.f.
Transaction Value: $45 million
Square Footage: 750,000 s.f.
____________________________________________________________________________________
Developer / Broker Information
Broker Broker
Joseph Voet James Carpenter
Cushman & Wakefield of Illinois, Inc. Cushman & Wakefield of Illinois, Inc.
Broker
Kenneth Szady
Cushman & Wakefield of Illinois, Inc.
2007 Award Nomination for:
Broker Transaction of the Year - Industrial Investment
(3 of 6 in this category)
____________________________________________________________________________________
Property Information
O'Hare Express Portfolio CBRE represented CenterPoint Properties in the unique sale of a $215
million, 975,964 s.f. portfolio consisting of 7 air cargo buildings and a
Chicago, IL 60688 24-acre land parcel at O'Hare International Airport. This complex
transaction included the transfer of tax-exempt bonds and City of Chicago
ground leases, and took over a year to complete. At the time of sale, all of
the air cargo facilities were either user-owned or developed and owned by
CenterPoint, offering an unprecedented opportunity for the buyer to control
one third of all air cargo space at O'Hare.
Transaction Value: $215 million
Square Footage: 975,964 s.f.
____________________________________________________________________________________
Developer / Broker Information
Broker Broker Broker
Stephanie Park Ted Staszak Mike Caprile
CB Richard Ellis, Inc. CB Richard Ellis, Inc. CB Richard Ellis, Inc.
2007 Award Nomination for:
Broker Transaction of the Year - Industrial Investment
(4 of 6 in this category)
____________________________________________________________________________________
Property Information
Podolsky Northstar Podolsky Northstar CORFAC International completed the $106.5 million
Industrial Portfolio portfolio sale of 23 Chicago area industrial properties totaling +/- 2.0 million
various locations s.f. on behalf of a private investment group. KTR Financial, a New York
throughout Chicago investment fund, purchased the portfolio (and retained Podolsky as the
Chicago, IL manager/leasing agent). This acquisition demonstrates the strength and
vitality of the Chicago industrial marketplace, and the general appetite for
well-located, -maintained and -leased property. The portfolio has been a
financial success. Value has been created through individual leasing plans
and effectively managing operating costs. The sale represented 14 distinct
seller groups in one master purchase/sale agreement.
Transaction Value: $106.5 million
Square Footage: 1.95 million s.f.
____________________________________________________________________________________
Developer / Broker Information
Broker Broker
Steven Podolsky, SIOR Randy Podolsky, SIOR
Podolsky Northstar CORFAC International Podolsky Northstar CORFAC International
2007 Award Nomination for:
Broker Transaction of the Year - Industrial Investment
(5 of 6 in this category)
____________________________________________________________________________________
Property Information
Wood Hill Crossing Bridge Development Partners, LLC and BPG Properties Ltd. assembled 12
Business Park sites from 12 different sellers to form 90 acres in the I-55 submarket. After
Davey Road and overcoming infrastructure issues and environmental cleanup, the team
Katherine's Crossing developed nearly one million s.f. of industrial facilities, leased them and sold
Woodridge, IL 60517 the successful Wood Hill Crossing Business Park for $65 million in one of
Chicagoland's largest industrial sales last year. In May, Bridge completed
the Park's final facility, a 262,500 s.f. warehouse. The team was
represented by Jeffrey Kahan, Steven Disse and Jeffrey Devine of Colliers
Bennett & Kahnweiler. Cornerstone Architects was project architect;
Premier Design + Build Group, LLC was general contractor.
Transaction Value: $65 million
Square Footage: 945,456 s.f.
____________________________________________________________________________________
Developer / Broker Information
Broker Broker
Jeffrey Devine Jeffrey Kahan
Colliers, Bennett & Kahnweiler, Inc. Colliers, Bennett & Kahnweiler, Inc.
Broker
Steven Disse, SIOR
Colliers, Bennett & Kahnweiler, Inc.
2007 Award Nomination for:
Broker Transaction of the Year - Industrial Investment
(6 of 6 in this category)
____________________________________________________________________________________
Property Information
deCODE genetics, Inc. deCODE genetics, Inc., represented by GVA Williams Chicago Suburban,
2501 West Davey Road completed a $25 million sale-leaseback of its 14 acre, 102,230 s.f. life
Woodridge, IL 60517 sciences building/campus within the Internationale Centre in Woodridge, IL.
The transaction allows deCODE to leverage the assets to more quickly
optimize its core business: genetic research and discovery. Completing the
transaction required GVA Williams' sales team to overcome a challenging
initial valuation process, execute a national marketing campaign reaching
West Coast buyers who purchase properties at lower cap rates/higher
purchase prices and recommend an MAI appraisal that ultimately
substantiated GVA's marketing position and increased the purchase price.
Transaction Value: $25 million
Square Footage: 102,230 s.f.
____________________________________________________________________________________
Developer / Broker Information
Broker Broker
Monte Haynes Joe DeJager
GVA Kidder Mathews - Portland Office GVA Kidder Mathews - Portland Office
Broker Broker
Chris Crnkovich Sandra Griggs
GVA Williams Chicago Suburban GVA Williams Chicago Suburban
2007 Award Nomination for:
Industrial Redevelopment of the Year
(1 of 5 in this category)
____________________________________________________________________________________
Property Information
AMB Wille Distribution AMB Property Corporation is developing a Build-to-Suit facility for Coaster
255 Wille Road Co. of America on a 15.3-acre site in Des Plaines, IL. The 253,410 s.f.
Des Plaines, IL 60016 modern pre-cast warehouse facility broke ground in January 2007 and is
expected to be completed in Fall 2007. The building specifications feature
30' clear ceiling height, 80 exterior docks, and four drive-in doors. The
facility is strategically located in the heart of the O'Hare submarket. Harris
Inc. has served as architect. The Missner Group is acting as development
partner and general contractor. Tim Cronin and Jeff Janda of Lee &
Associates represented Coaster. David Bercu and Tom Rodeno of Colliers
Bennett & Kahnweiler represented AMB.
Total Cost: $24,000,000
Square Footage: 253,410 s.f.
____________________________________________________________________________________
Developer / Broker Information
James McGill
AMB Property Corporation
2007 Award Nomination for:
Industrial Redevelopment of the Year
(2 of 5 in this category)
____________________________________________________________________________________
Property Information
Beltone CenterPoint Properties successfully redeveloped a 130,000 s.f. building at
4201 West Victoria 4201 West Victoria in Chicago, signing Chicago-based Beltone and P&R
Chicago, IL 60606 Group to long-term leases, keeping local businesses in the
Peterson-Pulaski Industrial Corridor. After purchasing the property from
Beltone, CenterPoint invested $3,700,000 in total redevelopment costs. The
building was updated with insulated double pane reflective windows, energy
efficient lighting, interior paint for reflectivity, insulated dock doors and
positive pressure HVAC units. This unique GREEN redevelopment strategy
increased the efficiency of the building through improved design,
construction, operation and maintenance to reduce building costs.
Total Cost: $3,700,000
Square Footage: 130,000 s.f.
____________________________________________________________________________________
Developer / Broker Information
CenterPoint Properties
2007 Award Nomination for:
Industrial Redevelopment of the Year
(3 of 5 in this category)
____________________________________________________________________________________
Property Information
Former Enesco The Staubach Company represented DuPont Fabros Development in the
Distribution Center acquisition of the former Enesco distribution center located at the
2200 Busse Highway intersection of Busse Highway and Devon Avenue in Elk Grove Village.
Elk Grove Village, IL DuPont Fabros is converting the property into a data center housing servers
60007 and high tech gear catering to large internet companies. The property was
selected by DuPont Fabros for its access to fiber optic networks and
abundant power supply. EYP Mission Critical Facilities is the
architect/engineer and Holder Construction is the general contractor.
Total Cost: $undisclosed
Square Footage: 495,000 s.f.
____________________________________________________________________________________
Developer / Broker Information
Hossein Fateh
DuPont Fabros
2007 Award Nomination for:
Industrial Redevelopment of the Year
(4 of 5 in this category)
____________________________________________________________________________________
Property Information
Nippon Express ProLogis is developing a $30 million air cargo facility in Des Plaines, IL on
401 E. Touhy Ave. the northern border of OHare International Airport for Japanese logistics
Des Plaines, IL 60016 firm Nippon Express. In April 2007, ProLogis acquired the 10.9-acre parcel
from Interstate Steel. Following the demolition of the Interstate Steel
building, ProLogis began construction of a 155,200 s.f. air cargo distribution
center for completion in December 2007. Matt Mulvihill and Brian Carroll
from Grubb & Ellis represented Interstate Steel and ProLogis on the land
transaction and represented Nippon Express on the build to suit transaction.
The design build team includes: ProLogis, Keeley Construction, Ware
Malcomb Architects and Jacob & Hefner Engineers.
Total Cost: $30 million
Square Footage: 155,200 s.f.
____________________________________________________________________________________
Developer / Broker Information
Robert Kritt
ProLogis
2007 Award Nomination for:
Industrial Redevelopment of the Year
(5 of 5 in this category)
____________________________________________________________________________________
Property Information
Nypro, Inc. Nypro, Inc., a plastics injection manufacturer, didn't buy into the belief that
6325 Muirfield Drive manufacturing should be done overseas. So when it came time to relocate,
Hanover Park, IL 60133 they looked for good truck access and rail service. The facility they
selected, IDI's 6325 Muirfield Drive, met these criteria, but needed
extensive work to make the former warehouse into a state-of-the-art plastic
injection facility. The plant designed by Heitman Architects, features 9,500
s.f. of office, 10,000 s.f. of quality control and 6,000 amps of power. Nypro
was represented by Keith Puritz of CBRE and IDI was represented by Jeff
Kapcheck of Colliers, Bennett & Kahnweiler.
Total Cost: $14 million
Square Footage: 146,538 s.f.
____________________________________________________________________________________
Developer / Broker Information
Jeffrey Lanaghan
IDI
2007 Award Nomination for:
Industrial Speculative Development of the Year
(1 of 6 in this category)
____________________________________________________________________________________
Property Information
Bluff Point II Bluff Point II is a state-of-the-art, distribution facility. The 491,000 s.f.
815 Bluff Road building is 100 percent leased to Prairie Packaging. Bluff Point II consists of
Romeoville, IL 60446 22.23 acres and is an attractively designed and landscaped industrial facility
in the densely developed I-55 submarket. A highly visible, infill location on
the south side of Bluff Road at Joliet Road, the site offers direct highway
access to Interstate 55 via Joliet Road and the Route 53 interchange.
Designed by Harris Architects, the facility was constructed by Novak
Construction. Lynn Reich and Jeff Kapcheck of Colliers Bennett &
Kahnweiler acted as leasing agents.
Total Cost: $17,000,000
Square Footage: 491,000 s.f.
____________________________________________________________________________________
Developer / Broker Information
Mary Margaret Cowhey
Land & Lakes Development Company
2007 Award Nomination for:
Industrial Speculative Development of the Year
(2 of 6 in this category)
____________________________________________________________________________________
Property Information
Briarwood Business Located in the O'Hare market on land purchased from United Airlines,
Center Briarwood Business Center is a two-building distribution development,
1400 Algonquin & 601 situated on 27 acres at Algonquin Road, west of Elmhurst Road, Mount
Dempster Prospect. Building A is 237,500 s.f. and Building B is 228,162 s.f., for a total
Mount Prospect, IL 60056 of 465,662 s.f. Both office/warehouse facilities have 30-foot ceilings, flexible
office space with ample docks and trailer parking. Nissin International
Transport and JAS Forwarding are major tenants. Both buildings, designed
by Opus Architects & Engineers, were constructed simultaneously by Opus
North. Matthew Stauber, Colliers Bennett & Kahnweiler, is the marketing
agent.
Total Cost: $40,000,000
Square Footage: 465,662 s.f.
____________________________________________________________________________________
Developer / Broker Information
Jim Heller, Daniel Queenan
Opus North Corporation
2007 Award Nomination for:
Industrial Speculative Development of the Year
(3 of 6 in this category)
____________________________________________________________________________________
Property Information
Liberty Business Center In April 2007, Liberty Property Trust completed LBC #5, a 592,539 s.f.
#5 warehouse/distribution facility located within its corporate business park,
800 Bilter Road Liberty Business Center Aurora. With Kwasek Architects and FCL Builders
Aurora, IL 60504 as the General Contractor, the state-of-the-art development had a total
project cost of $30 million. Even before the completion of the construction,
the facility was fully leased to UTI - Panasonic for a transaction value in
excess of $7 million. LBC #5 was the largest speculative building
constructed in the I-88 and Kane County markets in the past year.
Total Cost: $30 million
Square Footage: 592,539 s.f.
____________________________________________________________________________________
Developer / Broker Information
Donald Schoenheider
Liberty Property Trust
2007 Award Nomination for:
Industrial Speculative Development of the Year
(4 of 6 in this category)
____________________________________________________________________________________
Property Information
Minooka Ridge I Minooka Ridge I is a speculative building strategically located within the
600 Midpoint Road Minooka Ridge Business Park in the northwest quadrant of the I-80 and
Minooka, IL 60447 Ridge Road interchange in southwest suburban Minooka. Situated on 50
acres, it is the first phase of a four million s.f. development covering 221
acres of land. The one-story cross-dock office/warehouse facility includes
32-foot ceilings, 84 truck docks, up to 450 trailer parking stalls, and an
ESFR sprinkler system. Opus North is the design-build developer/general
contractor with its in-house architectural team. Elise Couston, Ed Wabick
and Margaret Guzek, Paine/Wetzel ONCOR International, were the
marketing agents.
Total Cost: $33,000,000
Square Footage: 861,462 s.f.
____________________________________________________________________________________
Developer / Broker Information
Jim Heller, Daniel Queenan
Opus North Corporation
2007 Award Nomination for:
Industrial Speculative Development of the Year
(5 of 6 in this category)
____________________________________________________________________________________
Property Information
Peacock Engineering Peacock Engineering, a leading provider of food packaging services,
Company, LLC selected IDI's Inventory Building No.1 for its new state-of-the-art facility.
1100 Remington Building No.1, the first of five new buildings, was designed by Sparks
Bolingbrook, IL 60440 Architects and built by KBD. The facility will feature 19,300 s.f. office space,
100,000 s.f. production space, 16,000 s.f. cooled storage, parking for 310
employees, 48 docks and 78 trailer positions. The facility will be used to
package food for several Fortune 500 consumer products companies.
Peacock was represented by James Planey and Jeffrey Janda, principals of
Lee & Associates. IDI was represented by Benjamin Cremer of NAI
Hiffman.
Total Cost: $undisclosed
Square Footage: 135,300 s.f.
____________________________________________________________________________________
Developer / Broker Information
Jeffrey Smith, P.E.
IDI
2007 Award Nomination for:
Industrial Speculative Development of the Year
(6 of 6 in this category)
____________________________________________________________________________________
Property Information
ProLogis Park 80 - Kraft ProLogis constructed an 806,400 s.f. facility in the 200-acre ProLogis Park
Foods 80, Morris, IL. ProLogis secured FTZ and a pre-approved tax abatement,
100 ProLogis Parkway prior to Kraft Foods leasing 100% of the facility to distribute Nabisco
Morris, IL 60450 crackers and cookies. The new facility includes office improvements,
200,000 s.f. air conditioned space, 120 docks, 178 trailer stalls and T-5
lighting constructed to achieve a LEED Silver designation per the USGBC's
rating system for commercial interiors. This project represents one of the
largest industrial leases in Chicago this year. Chris Porter, Cushman &
Wakefield, represented Kraft Foods. J.D. Salazar and Larry Locascio,
Champion Realty, represented ProLogis. Project team includes: ProLogis,
FCL Builders, Heitman Architects, Jacob & Hefner Engineers.
Total Cost: $32 million
Square Footage: 806,400 s.f.
____________________________________________________________________________________
Developer / Broker Information
Doug Kiersey
ProLogis
2007 Award Nomination for:
Broker Transaction of the Year - Industrial
(1 of 5 in this category)
____________________________________________________________________________________
Property Information
DuPont Fabros at the The Staubach Company represented DuPont Fabros Development in the
Former Enesco acquisition of the former Enesco distribution center located at the
Distribution Center intersection of Busse Highway and Devon Avenue in Elk Grove Village.
2200 Busse Highway DuPont Fabros is converting the property into a data center housing servers
Elk Grove Village, IL and high tech gear catering to large internet companies. The property was
60607 selected by DuPont Fabros for its access to fiber optic networks and
abundant power supply. EYP Mission Critical Facilities is the
architect/engineer and Holder Construction is the general contractor.
Transaction Value: $31.5 Million
Square Footage: 488,738 s.f.
____________________________________________________________________________________
Developer / Broker Information
Landlord/Seller's Landlord/Seller's Tenant/Buyer's
David Kahnweiler, SIOR Matthew Stauber Michael Nelligan
Colliers, Bennett & Kahnweiler, Inc. Colliers, Bennett & Kahnweiler, Inc. The Staubach Company
Tenant/Buyer's
Jim Kerrigan
The Staubach Company
2007 Award Nomination for:
Broker Transaction of the Year - Industrial
(2 of 5 in this category)
____________________________________________________________________________________
Property Information
Kraft Foods Global, Inc. In what is one of the largest leases signed in 2007, Cushman & Wakefield
at ProLogis Park 80, represented Kraft Foods Global, Inc. in a lease for an 806,400 s.f.
Building #1 warehouse/distribution facility at ProLogis Park 80, Building #1 in Morris, IL.
Cushman & Wakefield was able to secure a Grundy County real estate tax
Morris, IL 60450 incentive package, a substantive tenant improvement package, significant
expansion rights, and a flexible 5-year lease term. Kraft will consolidate
several of its west suburban warehouse operations at the new location.
Transaction Value: $11.5 million
Square Footage: 806,400 s.f.
____________________________________________________________________________________
Developer / Broker Information
Landlord/Seller's Tenant/Buyer's
JD Salazar Christopher Porter
Champion Realty Cushman & Wakefield of Illinois, Inc.
2007 Award Nomination for:
Broker Transaction of the Year - Industrial
(3 of 5 in this category)
____________________________________________________________________________________
Property Information
Medline Industries Inc. Mundelein-based Medline Industries Inc., the nation's largest privately held
at Liberty Point manufacturer and distributor of medical supplies, was represented by David
Corporate Center Kahnweiler and Steve Disse of Colliers Bennett & Kahnweiler in the site
1501 Harris Road selection, build-to-suit and purchase of a 596,712 s.f. distribution center
Mundelein, IL 60060 from McShane Corporation. It will be built within the new Liberty Point
Corporate Center on the north side of Libertyville at Peterson and Midlothian
Roads. The sale transaction was the largest industrial user sale of 2006.
McShane Construction Corporation and Heitman Architects, Inc. provided
design/build construction services.
Transaction Value: $33 million
Square Footage: 596,712 s.f.
____________________________________________________________________________________
Developer / Broker Information
Landlord/Seller's Landlord/Seller's
John Hauser, Steven Trapp Lori Catrintza
Cushman & Wakefield of Illinois, Inc. Titan Commercial, formerly with Cushman & Wakefield
Tenant/Buyer's
David Kahnweiler, SIOR and Steven Disse, SIOR
Colliers, Bennett & Kahnweiler, Inc.
2007 Award Nomination for:
Broker Transaction of the Year - Industrial
(4 of 5 in this category)
____________________________________________________________________________________
Property Information
Menzies Aviation at Menzies Aviation provides air cargo handling services and requires quick
10800 Seymour Avenue access to the coveted O'Hare South Cargo Entrance. Replicating that
10800 Seymour Avenue quickness was critical when Menzies was notified to vacate their former
Franklin Park, IL location on the Airport's south side. The 185,280 s.f. Centerpoint facility on
Seymour Avenue, Franklin Park, was selected after securing a new
intersection at Seymour and Irving Park Road, which will provide quick
access. After intense negotiations, the public project was directed by IDOT
and sponsored by Franklin Park and the intersection's planned delivery is
estimated by mid-2008. Building improvements included 33 new docks, 82
trailer spots, major office remodeling, all totaling $1.3 million.
Transaction Value: $17,520,232.50
Square Footage: 185,280 s.f.
____________________________________________________________________________________
Developer / Broker Information
Landlord/Seller's Landlord/Seller's
John Joyce Mike Fonda
Cushman & Wakefield of Illinois, Inc. Cushman & Wakefield of Illinois, Inc.
Tenant/Buyer's
Brian Carroll
Grubb & Ellis Company
2007 Award Nomination for:
Broker Transaction of the Year - Industrial
(5 of 5 in this category)
____________________________________________________________________________________
Property Information
Sears Logistics at The Colliers Bennett & Kahnweiler Inc. team of Walter Zegers and
Windham Lakes Catherine Howland represented Sears Logistics in an 814,848 s.f. lease at
Southwest II Panattoni's Windham Lakes II in Romeoville, IL. This transaction was the
1701 Frontage Road Chicago metropolitan area's largest industrial lease of the past 18 months.
Romeoville, IL 60446 The entire transaction, from the wide initial multi-state search, to the
move-in of almost 815,000 s.f. of specialized distribution space, took less
than 10 months.
Transaction Value: $26,217,801.60
Square Footage: 814,848 s.f.
____________________________________________________________________________________
Developer / Broker Information
Landlord/Seller's Landlord/Seller's Tenant/Buyer's
John Suerth Larry Johnson Catherine Howland
CB Richard Ellis, Inc. CB Richard Ellis, Inc. Colliers, Bennett & Kahnweiler, Inc.
Tenant/Buyer's
Walter Zegers
Colliers, Bennett & Kahnweiler, Inc.
2007 Award Nomination for:
Office Developer of the Year
(1 of 3 in this category)
____________________________________________________________________________________
Developer / Broker Information
Hines
____________________________________________________________________________________
Property Information
300 North LaSalle In 2006, Hines undertook a major new office development - 300 North
300 North LaSalle LaSalle - a 60-story, 1.3 million s.f. office building. The project features
Chicago, IL 60610 efficient 25,000 r.s.f. floor plates with full height glass and eight column free
corner offices to maximize views, natural lighting, and layout flexibility. The
three-story lobby, featuring decorative wood, ornate stainless steel and
natural stones, opens to 300 North LaSalle's landscaped river front terrace
and plaza overlooking the Chicago River. Hines completed lease
transactions with Kirkland & Ellis LLP for 626,000 r.s.f., Elite Business
Centers for 24,000 r.s.f. and GTCR for 62,000 r.s.f. In addition, Hines, in
partnership with Larry Levy, acquired a site in Chicago's West Loop
submarket. Bordered by Canal Street, Lake Street, and the Chicago River,
Hines is planning a 50-story office tower and a 200-room boutique hotel.
The office tower will feature an extensive landscaped plaza and new
riverwalk, and will have dramatic views of the city in all directions.
Total Cost: $undisclosed
Square Footage: 1.3 million s.f.
-
River Point Total Cost: $undisclosed
Canal Street, Lake Street Square Footage: 1.1 million s.f.
& Chicago River
Chicago, IL 60602
2007 Award Nomination for:
Office Developer of the Year
(2 of 3 in this category)
____________________________________________________________________________________
Developer / Broker Information
Duke Realty Corporation
____________________________________________________________________________________
Property Information
Cadence at Conway In the past year, Duke Realty Corporation has developed and/or completed
300 North Field Drive five office projects totaling 500,000 s.f., valued at approximately $116
Lake Forest, IL 60045 million. It has also acquired more than 70 acres for the future development
of 2 million s.f. of office product. Cadence at Conway: - Pre-leased to
Hospira Inc. three weeks before groundbreaking - Reworked project design
for tenant, adding full basement, in less than two weeks - General
contractor: Duke Construction - Project architect: Wright Architects -
Brokers: Hank Cox and Bob Reaumond, CBRE represented Duke; Daniel
McCarthy and Karen Eltz, Jones Lang LaSalle represented Hospira in lease
transaction
Total Cost: $116 million
Square Footage: 140,000 s.f.
-
Crossings II at Cantera Total Cost: $30 million
800 Bilter Road Square Footage: 592,539 s.f.
Aurora, IL 60504
-
West Lake at Conway - Pre-leased 34,436 s.f., the entire top floor - Site overlooks two lakes,
1925 West Field Court creating a private, natural setting within Conway Park - General contractor:
Lake Forest, IL 60045 Duke Construction - Project architect: Wright Architects - Brokers: Hank
Cox, CBRE represented Duke; Bob Reaumond, CBRE represented Akorn,
Inc. in lease
Total Cost: $25 million
Square Footage: 100,000 s.f.
2007 Award Nomination for:
Office Developer of the Year
(3 of 3 in this category)
____________________________________________________________________________________
Developer / Broker Information
Opus North Corporation
____________________________________________________________________________________
Property Information
Highland Landmark V Construction began on Highland Landmark V, the fifth and final building in
3005 Highland Parkway the Highland Landmark Office Park in Downers Grove. This eight-story
Downers Grove, IL 60515 250,000 s.f. multi-tenant office building is located at the southeast corner of
I-88 and Highland Avenue. Interior floor plates are 35,000 s.f. with 12
potential corner offices per floor. The 6.5-acre site is served by commuter
rail service to downtown Chicago and the far west suburbs via Burlington
Northern Railroad. Opus North is the design/build developer, and Opus
Architects & Engineers is the architect. Gary Fazzio and Bill Elwood, CBRE,
are the leasing agents.
Total Cost: $60,000,000
Square Footage: 251,272 s.f.
-
Opus Landmark of Lake This four-story multi-tenant office building is the second office facility in the
Forest II Opus Landmark complex, which forms a gateway to Lake Forest from the
150 South Saunders Tri-State Tollway (I-94) and Town Line Road. Architectural features include
Lake Forest, IL 60045 precast concrete, vision glass and aluminum frames. Building amenities
include a cafeteria, underground executive parking, and concierge services.
The construction of this building initiated an intersection improvement at
Route 60 and Saunders Road to better serve the growing presence of office
tenants in the area. Designed by Holabird & Root in conjunction with Opus
Architects & Engineers and built by Opus North. Brokers: Mike Whisler and
Bill Elwood of CBRE.
Total Cost: $35,000,000
Square Footage: 158,000 s.f.
-
Wheaton Property Opus North is providing design/build services for a five-story, build-to-suit
Partners office/retail building in downtown western suburban Wheaton. The
150 East Liberty Drive 1.64-acre site will include a four-story garage with executive basement
Wheaton, IL 60187 parking. Wheaton Property Partners will own the building and property, and
First Trust Portfolios will be the anchor tenant on the third, fourth and fifth
floors. The architecture of the building features a monumental, neo-classical
design typically associated with financial and civic buildings. This project will
add a majestic architectural feature and significant economic benefits to
downtown Wheaton. Opus North is the design/build general contractor, and
the architect is Opus Architects & Engineers.
Total Cost: $23,400,000
Square Footage: 150,000 s.f.
2007 Award Nomination for:
Office Redevelopment of the Year
(1 of 2 in this category)
____________________________________________________________________________________
Property Information
800 Commerce Drive CBRE's Jeff Mann, Broker, Jack Hazdra and Robert Labuda, Project
800 Commerce Drive Managers, collaborated with Project Architect Wright Heerema and General
Oakbrook, IL 60523 Contractor Berglund Construction to convert a musty, outdated former
airlines reservation center into a brightly-lit modern building capable of
attracting long-term leases from grade 'A tenants. The extensive suburban
redevelopment project was located at 800 Commerce Drive, Oak Brook, IL,
and addressed three main issues: configuring daylighting options;
constructing a visible entrance; and producing a facade that complemented
neighboring buildings. The renovated space totaled 80,000 s.f., and the
project cost about $3.2 million.
Total Cost: $3.2 million
Square Footage: 80,000 s.f.
____________________________________________________________________________________
Developer / Broker Information
Darren Kleis
Principal Global Investors
2007 Award Nomination for:
Office Redevelopment of the Year
(2 of 2 in this category)
____________________________________________________________________________________
Property Information
Tallgrass Corporate BPG Properties Ltd. purchased Tallgrass Corporate Center, the 550,000 s.f.
Center former Tellabs engineering campus, completely vacant in late-2004. With
1000 Remington Boulevardmarketing agents Colliers Bennett & Kahnweiler Inc., BPG undertook the
Bolingbrook, IL highly complex task of repositioning Tallgrass, which was primarily
designed for a single-tenant engineering/office use, into a thriving
multi-tenant office building. Today, 36 months after its acquisition, nearly
two-thirds of the building has been leased. Approximately $10 million has
been reinvested into the property for tenant improvement work with a high
bay conversion and partial dock removal underway. In just the past 12
months, five leases totaling almost 368,000 s.f. of space have been
completed.
Total Cost: $10 million
Square Footage: 368,000 s.f.
____________________________________________________________________________________
Developer / Broker Information
Joseph Neverauskas, Timothy Scannell
BPG Properties, Ltd.
2007 Award Nomination for:
Suburban Office Development of the Year
(1 of 3 in this category)
____________________________________________________________________________________
Property Information
Cadence at Conway Duke Realty leased its speculative office facility in Lake Forest, Cadence at
300 North Field Drive Conway, to Hospira three weeks before groundbreaking. Original plans
Lake Forest, IL 60045 called for a 103,000 s.f. structure, but in less than two weeks Duke
reworked the design for the tenant. With the addition of a full basement, the
building now totals 138,000 s.f. Designed by Wright Architects, Cadence will
feature a two-story lobby and an architectural pre-cast exterior with glass
and metal panels. CBRE brokers Hank Cox and Bob Reaumond
represented Duke; Daniel McCarthy and Karen Eltz of Jones Lang LaSalle
represented the tenant in the transaction.
Total Cost: $35 million
Square Footage: 138,000 s.f.
____________________________________________________________________________________
Developer / Broker Information
Steve Schnur
Duke Realty Corporation
2007 Award Nomination for:
Suburban Office Development of the Year
(2 of 3 in this category)
____________________________________________________________________________________
Property Information
Crossing II at Cantera Duke Realty Corporation is developing a 148,000 s.f. building for Liberty
27101 Bella Vista Parkway Mutual Insurance Company, Crossings II at Cantera in Warrenville, IL.
Warrenville, IL Designed by Wright Heerema Architects, Crossings II will feature a
two-story lobby and an architectural pre-cast exterior with glass and metal
panels. In addition, the building is designed to achieve LEED Silver
Certification Status. Mark Stables of Grubb and Ellis represented Liberty
Mutual Insurance Company and Scott Marshall and Ryan O'Leary
represented Duke.
Total Cost: $undisclosed
Square Footage: 148,000 s.f.
____________________________________________________________________________________
Developer / Broker Information
Duke Realty Corporation
2007 Award Nomination for:
Suburban Office Development of the Year
(3 of 3 in this category)
____________________________________________________________________________________
Property Information
Wheaton Property Opus North is providing design/build services for a five-story, build-to-suit
Partners office/retail building in downtown western suburban Wheaton. The
150 East Liberty Drive 1.64-acre site will include a four-story garage with executive basement
Wheaton, IL 60187 parking. Wheaton Property Partners will own the building and property, and
First Trust Portfolios will be the anchor tenant on the third, fourth and fifth
floors. The architecture of the building features a monumental, neo-classical
design typically associated with financial and civic buildings. This project will
add a majestic architectural feature and significant economic benefits to
downtown Wheaton. Opus North is the design/build general contractor, and
the architect is Opus Architects & Engineers, Inc.
Total Cost: $23,400,000
Square Footage: 156,000 s.f.
____________________________________________________________________________________
Developer / Broker Information
Russ Graham
Wheaton Property Partners, LLC
2007 Award Nomination for:
Broker Transaction of the Year - Suburban Office Investment
(1 of 5 in this category)
____________________________________________________________________________________
Property Information
Concourse Office Plaza Concourse Office Plaza in Skokie, IL was sold by Podco Concourse LLC, a
4709 - 4711 Skokie private investment partnership, to The Lionstone Group for $39 million,
Boulevard more than double its acquisition price just 3-1/2 years earlier. The two
Skokie, IL 60077 building office complex was acquired for Lionstone's Cash Flow Office 2
Fund. When originally acquired, the two-building 293,280 s.f. office complex
represented a significant value-added investment opportunity. At that time
the buildings were almost 49 percent leased, and in need of substantial
modernization. Following an aggressive modernization and leasing
program, the complex was more than 75 percent leased upon its sale.
Transaction Value: $39 million
Square Footage: 293,280 s.f.
____________________________________________________________________________________
Developer / Broker Information
Broker Broker
Adam Tarantur John Homsher, CCIM
Podolsky Northstar CORFAC International Podolsky Northstar CORFAC International
Broker
Randy Podolsky, SIOR
Podolsky Northstar CORFAC International
2007 Award Nomination for:
Broker Transaction of the Year - Suburban Office Investment
(2 of 5 in this category)
____________________________________________________________________________________
Property Information
Gallagher Centre at Two In December 2006, Cushman & Wakefield represented Arthur J.
Pierce Place Gallagher/Hamilton Partners in the sale of Gallagher Centre, a 487,000 s.f.
Two Pierce Place office building located at Two Pierce Place in Itasca, IL. The 27-story trophy
Itasca, IL 60143 suburban asset was originally built in 1991. The buyer was Wells Real
Estate Funds. Sale price was $88.6 million or $182 p.s.f.
Transaction Value: $88.6 million
Square Footage: 487,000 s.f.
____________________________________________________________________________________
Developer / Broker Information
Broker Broker
John Gavin Brian Nagle
Cushman & Wakefield of Illinois, Inc. Cushman & Wakefield of Illinois, Inc.
Broker
Paul Lundstedt
Cushman & Wakefield of Illinois, Inc.
2007 Award Nomination for:
Broker Transaction of the Year - Suburban Office Investment
(3 of 5 in this category)
____________________________________________________________________________________
Property Information
Highland Landmark II In November 2006, Jones Lang LaSalle was hired by Deka Investment to
3025 Highland Parkway sell Highland Landmark II, an award-winning, trophy asset in Downers
Downers Grove, IL 60515 Grove. Jones Lang LaSalle aggressively marketed the property to a broad
range of investors, highlighting the rare opportunity to purchase a trophy
asset in a premier location at a significant discount to replacement cost.
After receiving significant buyer interest, Jones Lang LaSalle negotiated a
sale of the property to GLL Real Estate Partners GmbH for approximately
$68.5 million ($250 p.s.f.), the highest price ever paid for a suburban
Chicago multi-tenant building. The transaction was completed in four
months.
Transaction Value: $68.5 million
Square Footage: 275,000 s.f.
____________________________________________________________________________________
Developer / Broker Information
Broker Broker Broker
Peter Harwood Bruce Miller Jim Postweiler
Jones Lang LaSalle Jones Lang LaSalle Jones Lang LaSalle
2007 Award Nomination for:
Broker Transaction of the Year - Suburban Office Investment
(4 of 5 in this category)
____________________________________________________________________________________
Property Information
MacNeal Hospital The MacNeal Portfolio was the largest medical office building transaction to
Portfolio take place last year in the Chicagoland area. All three properties are on the
6840 West Windsor, 3340 campus of MacNeal Hospital (A Vanguard Hospital) located in suburban
South Oak Park Avenue, Berwyn, IL. Although each of the properties were significantly aged and the
3300 South Oak Park tenants underlying credit was below investment grade, the brokerage
Avenue team was able to source many offers from both institutional and private
Berwyn, IL 60402 equity by highlighting the intrinsic value of the land, the strength of this
specific hospital itself, and the term of the lease. The portfolio sold for a very
aggressive yield, well above its replacement cost.
Transaction Value: $24,475,000
Square Footage: 95,869 s.f.
____________________________________________________________________________________
Developer / Broker Information
Broker Broker
Michael Wilson Erik Foster
Grubb & Ellis Capital Markets Group Grubb & Ellis Capital Markets Group
2007 Award Nomination for:
Broker Transaction of the Year - Suburban Office Investment
(5 of 5 in this category)
____________________________________________________________________________________
Property Information
Presidents Plaza I & II Presidents Plaza I & II, a four tower office complex in the O'Hare submarket,
8600 & 8700 Bryn Mawr is one of the market's most prestigious and recognizable Class A office
Avenue assets. CBRE was engaged by Equity Office Properties for the sale of the
Chicago, IL 60631 820,029 s.f. office property. Presidents Plaza I & II sold in mid-December
2006 for $129 million to a joint venture between GlenStar Properties, LLC
and Prudential Real Estate Investors, which closed the transaction within 45
days of being awarded the deal.
Transaction Value: $129,000,000
Square Footage: 820,029 s.f.
____________________________________________________________________________________
Developer / Broker Information
Broker Broker Broker
Rob Graham Mark Hellwig William Novelli, Jr., CCIM
CB Richard Ellis, Inc. CB Richard Ellis, Inc. CB Richard Ellis, Inc.
2007 Award Nomination for:
Broker Transaction of the Year - Suburban Office
(1 of 7 in this category)
____________________________________________________________________________________
Property Information
Comcast Tech Ops Comcast directed Staubach to evaluate alternatives for a Tech Ops facility
Facility at 677 Larch to consolidate and expand its residential service for communities west of the
Avenue City. Parking for 550 cars was critical. After extensive analysis, Comcast
677 Larch Avenue executed a 15-year lease to occupy the 9.5 acre, 113,000 r.s.f. former
Elmhurst, IL 60126 Keebler building, replacing about 25,000 r.s.f. of the 16' clear building with a
24' clear warehouse. The remainder is being completely renovated with
occupancy scheduled for early 2008. Comcast has retained Krusinski
Construction Corporation as a general contractor and Partners In Design as
project architect. The owner is Cook Financial LLC.
Transaction Value: $30,000,000
Square Footage: 113,000 s.f.
____________________________________________________________________________________
Developer / Broker Information
Landlord/Seller
John Schwarze, Joel Friedland, Ron Goldsmith
Epic/Savage Realty Partners
Tenant/Buyer's
Dave Berry, Fred Schuler, John Musgjerd, Sean Reynolds
The Staubach Company
2007 Award Nomination for:
Broker Transaction of the Year - Suburban Office
(2 of 7 in this category)
____________________________________________________________________________________
Property Information
Exelon Lease at In 2006, as leasing agent for Cornerstone at Cantera, Jones Lang LaSalle
Cornerstone at Cantera brokered a lease renewal with Exelon Generation Company. The building is
4300 Winfield Road an outstanding Class A asset in west suburban Warrenville. Despite a
Warrenville, IL 60555 location along the western I-88 corridor with the highest office vacancy rate
in the suburbs, Jones Lang LaSalle was able to secure an attractive lease
renewal making this currently the largest transaction in the East/West
Corridor this year. Exelon has occupied the 146,000 s.f. building in the
Cantera development since 2001, and, due to Jones Lang LaSalle's efforts,
will remain there for the next 10 years.
Transaction Value: $28 million
Square Footage: 146,000 s.f.
____________________________________________________________________________________
Developer / Broker Information
Landlord/Seller's Landlord/Seller's Tenant/Buyer's
Dan Fernitz Chris Surico Joe Lerner
Jones Lang LaSalle Jones Lang LaSalle Studley, Inc.
2007 Award Nomination for:
Broker Transaction of the Year - Suburban Office
(3 of 7 in this category)
____________________________________________________________________________________
Property Information
Kemper Lakes Business Colliers Bennett & Kahnweiler Inc. represented BPG Properties Inc. in one
Center of the largest new suburban office leases to date. The team of Steven Kling
Three Corporate Drive and David Florent negotiated a 15-year, 145,000 s.f. lease to Fenwal at
Long Grove, IL 60049 Kemper Lakes Business Center in Long Grove, IL valued at more than
$52,700,000. The four-building, 950,000 s.f. complex was originally
constructed as the headquarters for Kemper Insurance Company. BPG
Properties has invested more than $35 million in improvements to create an
all-inclusive multi-tenant atmosphere. Fenwal will occupy the top two floors
at Three Corporate Drive, a 243,573 s.f. property. Fenwal utilized Dobbins
Group for architectural services.
Transaction Value: $52,700,000
Square Footage: 145,000 s.f.
____________________________________________________________________________________
Developer / Broker Information
Landlord/Seller's Landlord/Seller's Tenant/Buyer's
David Florent Steven Kling Tim Henry
Colliers, Bennett & Kahnweiler, Inc. Colliers, Bennett & Kahnweiler, Inc. Highview Partners
Tenant/Buyer's
Len Turelli
Highview Partners
2007 Award Nomination for:
Broker Transaction of the Year - Suburban Office
(4 of 7 in this category)
____________________________________________________________________________________
Property Information
Provena Healthcare at Colliers Bennett & Kahnweiler Inc. represented BPG Properties Inc. in one
Tallgrass Corporate of the largest new suburban office leases to date. The team of Francis
Center Prock and David Florent negotiated a 16-year, 103,000 s.f. lease to Provena
1000 Remington BoulevardHealthcare at Tallgrass Corporate Center in Bolingbrook, IL. The
Bolingbrook, IL 60440 transaction, valued at more than $32 million, cemented the success of the
facility which BPG Properties, Ltd. purchased vacant in late-2004. Since that
time, nearly 370,000 s.f. of transactions have been completed at the
550,000 s.f. building, the former Tellabs corporate headquarters. Provena
utilized Ruspis for architectural services and Itasca Construction as general
contractor.
Transaction Value: $32,450,000
Square Footage: 103,000 s.f.
____________________________________________________________________________________
Developer / Broker Information
Landlord/Seller's Landlord/Seller's
David Florent Francis Prock
Colliers, Bennett & Kahnweiler, Inc. Colliers, Bennett & Kahnweiler, Inc.
Tenant/Buyer's
Matt Joseph
John Greene Commercial
2007 Award Nomination for:
Broker Transaction of the Year - Suburban Office
(5 of 7 in this category)
____________________________________________________________________________________
Property Information
Riverway West Duke Realty Corporation completed a 78,000 s.f., long-term lease to
9399 West Higgins Road Culligan International Co. at Riverway West in Rosemont. Culligan
Rosemont, IL 60018 relocated its North American headquarters from Northbrook. In addition to
offering Culligan prominent building signage, Duke accommodated a
state-of-the-art water filtration lab in Riverway's lower level. The lease
brought the three-building Riverway office complex to full occupancy, up
from 78 percent when Duke acquired the property two years ago. Not only
has the Duke team aggressively marketed and leased the space, the
company has invested in significant upgrades at Riverway to attract
national corporate tenants.
Transaction Value: $undisclosed
Square Footage: 78,000 s.f.
____________________________________________________________________________________
Developer / Broker Information
Landlord/Seller's Tenant/Buyer's Tenant/Buyer's Tenant/Buyer's
Ryan O'Leary Henry Cox James Whalen Todd Lippman
Duke Realty Corporation CB Richard Ellis, Inc. CB Richard Ellis, Inc. CB Richard Ellis, Inc.
2007 Award Nomination for:
Broker Transaction of the Year - Suburban Office
(6 of 7 in this category)
____________________________________________________________________________________
Property Information
The McGraw Hill The McGraw Hill Companies, Inc., renewed a 122,265 s.f. lease at their
Companies, Inc. at 1333 existing location, located at 1333 Burr Ridge Parkway, Burr Ridge, IL. The
Burr Ridge Parkway global publishing house secured a 14,000 s.f. expansion, resulting in a
1333 Burr Ridge Parkway current 136,265 s.f. lease. CBRE's Peter Livaditis and Paul Buckingham
Burr Ridge, IL 60527 were able to negotiate the eleven year, seven month lease, with
considerable flexibility, tenant amenities and a successful expansion. The
lease term has a total consideration of $40,000,000.
Transaction Value: $40,000,000
Square Footage: 122,265 s.f.
____________________________________________________________________________________
Developer / Broker Information
Landlord/Seller Tenant/Buyer's Tenant/Buyer's
Gerald Kostelny Paul Buckingham Peter Livaditis
Insite Real Estate Development, LLC CB Richard Ellis, Inc. CB Richard Ellis, Inc.
2007 Award Nomination for:
Broker Transaction of the Year - Suburban Office
(7 of 7 in this category)
____________________________________________________________________________________
Property Information
Walgreen Corporation at Colliers Bennett & Kahnweiler Inc. represented CenterPoint Properties in
CenterPoint Northbrook the sale of 4000 Commercial Drive, a 293,937 s.f. property adjacent to
Business Center interstate 294 near the Lake Cook Road four-way exchange. The building,
4000 Commercial Drive which was sold to Walgreen Corporation for $15,285,000, is located on a
Northbrook, IL 60062 large 27-acre land site. The Colliers B&K team of Kevin Clifton and Chris
Cummins originally represented CenterPoint in a 70,000 s.f. lease to
Walgreen in 2005 for use as a 24-hour call center, and the company opted
to purchase the facility in anticipation of future growth. Sean Kropke with
CBRE represented the buyer.
Transaction Value: $15,285,000
Square Footage: 293,937 s.f.
____________________________________________________________________________________
Developer / Broker Information
Landlord/Seller Tenant/Buyer's
Kevin Clifton and Christopher Cummins Sean Kropke
Colliers, Bennett & Kahnweiler, Inc. CB Richard Ellis, Inc.