WeekLEE News for May 18 - 22, 2015
LEE IN THE NEWS! (Week Review)
People on the Move in Chicago: Chicago Business Journal
Lee Reveals ‘Retail’s Best Kept Secret’: GlobeSt.com
Paine/Wetzel TCN Worldwide represents Space Center Inc. in Aurora lease: Chicago Industrial Properties
Top 5 Takeaways From 2015 RECon Conference: ICSC Attendees Focused On Interest Rates, Asset Repositioning and Creative Approaches to New Development as Attendence at Annual Retail Property Confab Reaches Post-Recession High. Costar News
WPT Industrial REIT Exploring Strategic Alternatives: Canadian REIT Owns 15.1 Million-SF Industrial Portfolio in U.S. Costar News
Warren Buffett: Stop Blaming The Rich For Income Inequality. If You Really Want To Help, Do This: The world’s third-richest man weighed in on the national debate over rising levels of income disparity in the United States yesterday, saying that while the gaps between the country’s haves and have nots are definitely increasing, it is not the fault of those at the top. Forbes
10 Must Reads for the CRE Industry Today (May 22, 2105): National Real Estate Investor
Mayor Emanuel Breaks Ground on Intermodal Facility at O'Hare International Airport: Intermodal Facility and ATS Modernization Project Will Create 3,000 Jobs During Construction; Greatly Enhance Transit Ease and Connectivity Between Public Parking, Public Roadways, Rental Car Facilities, Metra And CTA City of Chicago PR
The unsung hero of urban planning who made it easy to get around Chicago: Edward Brennan spent decades taming the city’s chaotic 19th-century street-numbering system. WBEZ91.5
Curtain rises Saturday on $100 million Riverwalk extension: The first two blocks of the Chicago Riverwalk's $100 million extension are set to open Saturday, raising the curtain on an urban playground of kayaks, Tiki bar cocktails and floating concert stages. Chicago Tribune
Recent LEE Transactions
Lee & Associates of IL negotiate sale of 7.3 acres in Sturtevant, WI
STURTEVANT, Wis.—May 5, 2015— Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has closed a sales transaction for a 7.3 acre commercial land site located at 9502 Washington Ave. in Sturtevant, Wis. James Kettinger, associate, of Lee & Associates’ Illinois office, represented the seller, Prescient Asset Management/FDIC. The buyer in the transaction was Trout Slayer Worldwide, LLC.
Lee & Associates completes a 9,688 SF industrial lease in Elgin, Ill.
ELGIN, Ill. —May 5, 2015—Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has completed a 9,688 square-foot industrial lease located at 455 Shepard Dr. in Elgin, Ill. Senior Associate, Jay Farnam of Lee & Associates of Illinois represented the tenant, NKS, LLC. Senior Vice President, Nick Eboli of Lee & Associates of Illinois represented the landlord.
Lee & Associates represents Stockbridge Capital in a 47,805 SF tenant expansion in Elgin, Ill.
ELGIN, Ill. —May 5, 2015—Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has completed a 47,805 square-foot industrial expansion and long term renewal located in Northwest Business Park at 2880 Galvin Dr. in Elgin, Ill. The landlord, Stockbridge Capital Group, LLC, was represented by Principal John Sharpe and Senior Vice President, Steve Bass of Lee & Associates of Illinois. The tenant, PSAV, an event technology services company was represented by Jonathan Metzl of Savills Studley.
Lee & Associates completes a 9,500 industrial lease in Batavia on behalf of Praxis Fit LLC
BATAVIA, Ill. —May 5, 2015—Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has completed a lease negotiation for a 9,500 square-foot industrial space located at 2301 Main St. in Batavia, Ill. Senior Vice President, Nick Eboli represented the tenant, Praxis Fit LLC, a sports training facility. The landlord was represented by Ellermann Commercial Brokerage.
Lee & Associates negotiates an industrial food building lease on behalf of PaceSetter Investments
CAROL STREAM, Ill. —May 5, 2015—Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has completed a food building industrial lease for a 2,365 square-foot space located at 135 E. St. Charles Road in Carol Stream, Ill. Senior Vice President, Michael Plumb and Senior Associate, Jay Farnam of Lee & Associates’ Illinois office represented the landlord, PaceSetter Investments. The tenant, Sweet Secrets, LLC, was represented by Todd McConkey of Fathom Realty.
Celebrating more than 36 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in the country with locations across the nation including California, Colorado, Arizona, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Maryland, Michigan, Missouri, Nevada, New Jersey, New York, Ohio, South Carolina, Texas, and Wisconsin. With almost 800 brokers nationwide, Lee & Associates provides a wide range of specialized commercial real estate services on a local, regional and national level.