Chicago
Arup Announces New Director of Its Chicago Office
Cierine Nicolas, who joined Arup as associate principal last year in November, completed the transition to the role of director and is expected to lead the company’s team of engineers on a variety of projects.
Salon Loft to Open New Location in Chicago
Salon Lofts is the new tenant at 1101 W. Randolph St. and will join the other retailer in the building, Free People, in November.
Transwestern Retains Anchor Tenant at Chicago Office Building
Law firm Barack Ferrazzano Kirschbaum & Nagelberg LLP will continue to call the office tower at 200 W. Madison home for the next 15 years.
Details Revealed for Obama Center
The development, which has an estimated cost of roughly $1.5 billion, will be a three-building public destination featuring the Museum, the Forum and the Library.
Baum Realty Mediates Sale of Chase Bank Building
The 4,195-square-foot property at 7180 W. Grand Ave. in Elmwood Park, Ill., brought the seller, a private West Coast investor, $4.5 million.
Bridge, Investcorp Partner to Recapitalize Cold Storage Portfolio
The three warehouses total 715,000 square feet and may represent the first time an institutional investor refinances a multi-tenant cold storage portfolio.
NAI Hiffman Closes 2 Large Chicago Leases
Dealer Tire renewed at 3708 River Road in Franklin Park, while Crane Nuclear Inc. signed at 860 Remington Blvd. in Bolingbrook.
PCCP Refinances Chicago Retail Center
Village Market, located within the Lakeshore East development, belongs to a joint venture between Magellan Development Co. and Hanwha Engineering & Construction.
CBRE, NGKF Broker 18 KSF Industrial Building Deal
CBRE Senior Vice President David Prioletti closed the sale of an 18,000-square-foot industrial property on behalf of the owner, production company Video Impressions. Senior Managing Director Corey Chase of NGFK represented the buyer, food analysis laboratory Certified Laboratories Inc.
Baum Realty Group Brokers Sale of Chicago Retail Center
The disposition of 4600 Plaza in Harwood Heights, Ill. brought $7 million to the seller, an affiliate of Next Realty LLC.