Category
Chicago
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November 28, 2007Germans buy the Rookery for $73M
Chicago
An unknown wealthy German family purchases the Rookery for $73.4M from Broadway Partners. The 285,706 square foot building is located at 209 South LaSalle Street, Chicago. The twelve story building was constructed in 1888 and renovated in 1991. The building is a National Historical Landmark and has received numerous design awards. At the time of sale it was reported 97% leased by a number of large government, legal and financial firms.
The unknown German purchaser was represented by the Metzler North America Corp. Broadway Partners were represented by Michael Vesper of CB Richard Ellis.
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November 13, 2007Surface Guard Leases 107,000SF
Chicago
Surface Guard Inc. renewed a lease of 107,000SF in Aurora. The lease is comprised of two buildings, located at 515 and 615 Enterprise Street. The two buildings are owned and managed by Duke Realty. No information was made available regarding the lease rate.Surface Guard specializes in the manufacturing of surface protection films.
Surface Guard was represented by David Friedland, a partner of the firm Epic/Savage. The property owner, Duke Realty was self-represented.
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November 8, 2007Microsoft Is Building In Northlake
ChicagoMicrosoft has just announced the construction of a $500M data center in Northlake, Illinois. The site is located about 14 miles from downtown Chicago, and plans to be completed around the middle of next year.
The construction of the building is expected to employ upwards of 500 people, the center itself is only expected to employ 75 people after completion. Microsoft will use this location in order to be more competetive with Google and Yahoo. The Chicago site was based on the availability of electricity and fiber optic connectivity. The location was also selected because of it’s climate, they will capture cool air in order to cool the massive internet servers that it will be housing.
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November 5, 2007Cardinal Cartridge leases 60,000 SF
Chicago
Cardinal Cartridge, Inc signed a lease to occupy 61,500 sqare feet of industrial space at 2100 N. 15th Avenue in Melrose Park, Illinois. The Melrose Park property is a 300,000 square foot multi-tenant facility.Cardinal Cartridge is currently housed at a 30,000 square foot facility in Elmhurst, Illinois. They are one of the leading producers of remanufactured printer and toner cartridges in the US.
Joel Friedlund, John Schwarze, and Marc Gensler, of Epic/Savage Realty Partners represented both parties in the transaction.
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November 1, 2007Energy VBC, Inc Leases 20,000 SF
ChicagoEnergy VBC, Inc leased a 20,000 square foot industrial space within the Howard Industrial Center in Niles, Illinois for an undisclosed amount. Energy VBC, Inc is a volleyball club for boys and girls, age 12-18 that participates in nationwide tournaments and qualifiers.
Built in the 1950’s, the building totals 400,000 square feet of rentable building area. To accommodate their needs, construction is planned that will include four volleyball courts as well as a viewing and concession area. The building is ideal for sporting events because of its high ceiling and expansive warehousing space.
The Missner Group of Skokie, Illinois represented the tenant, who along with the Principal Financial Group are responsible for redeveloping the Howard Industrial Center.
recent articles
- Manhattan Tower Sells for $1B
- 280 Park Avenue Sold For $1.28B
- Germans buy the Rookery for $73M
- Professional Packaging Systems Leases 104,000SF
- Surface Guard Leases 107,000SF
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