Comments Off on DARWINPW REALTY/CORFAC INTERNATIONAL AND SVN CHICAGO REPRESENTS BUILDING OWNER IN NORTHWEST SIDE INDUSTRIAL LEASE
DarwinPW Realty/CORFAC International is pleased to announce that Vice President Terry Lynch, in conjunction with SVN Chicago Industrial Representative Sean Sloan, represented building owner Knox Avenue Realty LLC in its lease of 45,621 square feet at 4350 Knox Avenue to Phoenix Fabricators LLC dba Boomerang Exhibits. The exhibit and display manufacturer are moving operations from their previous location on the southwest side of Chicago. (more…)
Comments Off on DARWINPW REALTY/CORFAC INTERNATIONAL REPRESENTS HVAC MANUFACTURER IN BUILDING ACQUISITION
DarwinPW Realty/CORFAC International is pleased to announce that Associate Marc Hale represented an undisclosed HVAC manufacturing company in its acquisition of a 50,000 square foot building at 2500 Production Drive in St. Charles, IL. The business is expanding and will be moving from a location in Elk Grove Village.
“This property allowed the purchaser to expand into a larger facility and own their own property,” says Hale. “With the larger facility, the purchaser is now able to grow their business beyond what was possible at their previous location.”
The Class B facility features 21-foot clear height, seven docks, one drive-in door, heavy power and 1,500 square feet of office space with 55 parking spaces. The new facility will accommodate the HVAC company’s growing business and workforce for years to come.
The seller, Hill & Smith, was represented by SVN Landmark’s Brian Lindgren.
Comments Off on DARWINPW REALTY/CORFAC INTERNATIONAL VICE PRESIDENT MANDY LEWANDOWSKI REPRESENTS WELBIC IN SEVERAL LEASES
DarwinPW Realty/CORFAC International newly promoted Vice President Mandy Lewandowski represented Welbic Investments, LLC, of which Speedwagon Capital Partners is a partner, in several recent lease transactions throughout the Chicagoland area. Nine transactions totaled 118,609 square feet in the Chicago area. (more…)
Comments Off on DARWINPW REALTY/CORFAC INTERNATIONAL VICE PRESIDENT DAN PRENDERGAST REPRESENTS LADI INVESTMENTS IN TEN LEASES
DarwinPW Realty/CORFAC International Vice President Dan Prendergast represented Ladi Investments, LLC, in 10 recent lease transactions totaling 33,181 SF in Kenosha, Wisconsin. Ladi Investments, LLC purchased the eight-building, 277,982 SF light industrial complex last fall and Prendergast has negotiated lease extensions and new leases with 10 companies since taking over the leasing in 2022. (more…)
Comments Off on DAN PRENDERGAST, MANDY LEWANDOWSKI PROMOTED TO VICE PRESIDENTS AT DARWINPW REALTY/CORFAC INTERNATIONAL
DarwinPW Realty/CORFAC International is pleased to announce that Dan Prendergast and Mandy Lewandowski have been promoted to Vice Presidents at the firm. (more…)
Comments Off on T. J. FEENEY JOINS DARWINPW REALTY/CORFAC INTERNATIONAL AS AN ASSOCIATE
(Elmhurst, Illinois) – DarwinPW Realty/CORFAC International is pleased to announce that T.J. Feeney has joined its team as an associate. Mr. Feeney joins the team after more than two years working at Smith+Nephew, a global medical technology company. (more…)
Comments Off on DARWINPW REALTY/CORFAC INTERNATIONAL ASSOCIATE MANDY LEWANDOWSKI REPRESENTS WELBIC IN SEVERAL LEASES
DarwinPW Realty/CORFAC International Associate Mandy Lewandowski represented Welbic Investments, LLC, of which Speedwagon Capital Partners is a partner, in several recent lease transactions throughout the Chicagoland area. (more…)
Comments Off on DARWINPW REALTY NEGOTIATES SALE OF CAROL STREAM BUILDING TO ILLINOIS FRATERNAL ORDER OF POLICE LABOR COUNCI
DarwinPW Realty President Rick Daly, Principal Nick Krejci, and Managing Broker George Cibula represented Automobile Mechanics’ Local No. 701 Union in its sale of a 24,000 square foot building located at 450 Gunderson Drive in Carol Stream, IL to the Illinois Fraternal Order of Police Labor Council. The union is relocating from Western Springs. (more…)
Comments Off on DARWINPW REALTY COMPLETES SALE OF FORMER DEAN FOODS LOCATION
DarwinPW Realty’s Principal Jerry Sullivan and Axiom Advisors represented the seller, NDSM Franklin Park, LLC, in the disposition of a 102,950 square foot building on a 10.16-acre site at 3600 River Road in Franklin Park, IL. DarwinPW Realty’s Senior Vice President Jeffrey Provenza and JLL’s Brian Carroll represented a private investor as the buyer in purchasing of the property. (more…)
Comments Off on DARWINPW REALTY ASSISTS FUEL-DISTRIBUTION COMPANY SELL INDUSTRIAL SERVICE FACILITY
DarwinPW Realty’s Vice President Terry Lynch SIOR, and Associate Marc Hale represented the seller with the disposition of an investment property located at 1285 N. Ellis in Bensenville, IL. The property is an industrial service facility, which is fully leased to World Fuel Service Corp. (more…)
Comments Off on DARWIN REALTY/CORFAC INTERNATIONAL EXPANDS WITH ADDITION OF PW COMMERCIAL REAL ESTATE/TCN WORLDWIDE
(Elmhurst, Illinois – JUNE 22, 2022) – Darwin Realty/CORFAC International today announces that beginning July 1, the Chicago-based PW Commercial Real Estate/TCN Worldwide team will join their firm. Following the merger, Darwin Realty/CORFAC International will change its name to DarwinPW Realty. PW Commercial Real Estate’s eight brokers and two staff members will move to the Elmhurst headquarters, and the DarwinPW Realty team expands to 20+ brokers. In 1975, the two firms each started as offshoots of Pain & Sutherlin and are now reuniting to expand market reach and provide shared expertise. (more…)
Comments Off on DARWIN REALTY/CORFAC INTERNATIONAL PROMOTES FOUR PROFESSIONALS
(Elmhurst, Illinois – June 7, 2022) – Darwin Realty/CORFAC International is pleased to announce that it has promoted four of its commercial real estate professionals to new roles within the firm. Erin Cibula has been named CFO, while Brendan Sheahan, Nick Krejci, and Matt Lewandowski have been promoted to Principal.
“Our business has continued to grow throughout the pandemic as businesses have increasingly needed more warehouse space and more functional office space, and our brokers and property managers have worked hard to keep Darwin on top of our game,” says Darwin Realty/CORFAC International Managing Broker George Cibula. “We are very proud of these four individuals and all that they have accomplished.”
In her new role as CFO, Erin Cibula will continue to manage Darwin’s asset management and accounting departments, as well as lead its operations, finances, and human resources. At Darwin, she has procured more than $450 million in loan and equity funds for Darwin’s investment portfolio. She is a licensed real estate broker in the state of Illinois. She holds an MBA from Northwestern University Kellogg School of Management.
Mr. Sheahan recently celebrated his tenth anniversary at Darwin. As principal, he will lead the team in sales and leasing in the I-88 corridor, Fox Valley, and the Elgin I-90 Corridor. In the past decade with Darwin, he has worked on dozens of leases, sales and sales/leasebacks of more than 100,000 square feet in Illinois and Indiana, and Wisconsin
As principal, Mr. Krejci will focus on leading the brokerage team in the Central DuPage, O’Hare, and I-88 submarkets. He has completed more than 3.1 million square feet of transactions totaling $175 million in his six years with Darwin, and has worked on several transactions around the country through the CORFAC International network of brokers.
Mr. Lewandowski will continue to work on investment sales, owner representation, and tenant representation as he has in the last 20 years at Darwin. He has participated in more than $940 million in transactions with the firm since 2002.
Comments Off on CHRIS MERGENTHALER PROMOTED TO VICE PRESIDENT AT Darwin REALTY/CORFAC INTERNATIONAL
(Elmhurst, Illinois – May 11, 2022) – Darwin Realty/CORFAC International is pleased to announce that Chris Mergenthaler has been promoted to vice president. Mr. Mergenthaler joined the team as an associate in 2017. For the past five years, Mr. Mergenthaler has worked closely with Rick Daly in the West Cook and O’Hare industrial submarkets offering a range of services including tenant representation, owner representation, build-to-suit project, site acquisitions and investment acquisitions and dispositions.
“Chris has been involved in many significant transactions at Darwin and has made a great impact on our West Cook and O’Hare industrial team,” says Darwin President Rick Daly. “We’re looking forward to seeing how he does in a more leadership oriented role as he moves forward in his career.”
A Chicago native, Mr. Mergenthaler joined Darwin after graduating from Florida State University with a degree in Finance and Entrepreneurship. Outside of his work in real estate, Chris is an avid outdoorsman; especially enjoying hiking, fishing, and skiing.
Comments Off on Darwin REALTY/CORFAC INTERNATIONAL REPRESENTS BUYER IN SOUTHWEST SUBURBAN INDUSTRIAL TRANSACTION
(Elmhurst, Illinois – January 10, 2021) – Darwin Realty/CORFAC International Associate Matthew Lee, Vice President Nick Krejci and Principal Noel Liston represented HSRE Fund VI Holding Company LLC in its acquisition of the 36,480 square foot building at 9950-9970 W. 190TH Street in Mokena, IL. The seller 9950 Properties, LLC was self-represented. (more…)
Comments Off on Darwin REALTY/CORFAC INTERNATIONAL’S MATTHEW LEE REPRESENTS BUYER, TENANT IN SUBURBAN CHICAGO TRANSACTIONS
(Elmhurst, Illinois) – Darwin Realty/CORFAC International Associate Matthew Lee worked to represent a trucking company in its purchase of a new facility and a school district in its lease of new storage space in Chicago’s suburbs. Both transactions were for essential end users that needed more space to carry out their trade. (more…)
Comments Off on PARKER RAY JOINS Darwin REALTY/CORFAC INTERNATIONAL AS ASSOCIATE BROKER
(Elmhurst, Illinois – November 15, 2021) – Darwin Realty/CORFAC International is pleased to announce that Parker Ray has joined its team as an associate broker. Mr. Ray previously worked with ABCO Electrical Construction & Design, an electrical contractor in Chicago, and is a recent graduate of University of Iowa’s Tippie College of Business. (more…)
Comments Off on Darwin REALTY/CORFAC INTERNATIONAL REPRESENTS INVESTOR IN ACQUISITION OF SUBURBAN WAREHOUSE
(Elmhurst, Illinois – October 13, 2021) – Darwin Realty/CORFAC International Vice President Brendan Sheahan and Associate Frank Damato recently represented private investor in the acquisition of the 13,418 square foot industrial property at 860 Equity Drive in St. Charles, IL. (more…)
Comments Off on Darwin REALTY/CORFAC INTERNATIONAL ASSOCIATE MANDY LEWANDOWSKI REPRESENTS BETTER TRUCKS LAST MILE, LLC IN TWO SOUTHEASTERN LEASES
Darwin Realty/CORFAC International Associate Mandy Lewandowski represented third party logistics provider Betters Trucks Last Mile, LLC in its lease of a 30,826 square foot space in Norcross, GA, and a 40,000 square foot lease in Arlington, TX. The growing trucking company is based in Chicago and expanding across the country. For both transactions, she worked in conjunction with CORFAC International network brokers in out-of-state offices. (more…)
Comments Off on Darwin REALTY/CORFAC INTERNATIONAL REPRESENTS AIR CARGO HANDLING SERVICE IN NEW O’HARE AREA LEASE
Darwin Realty/CORFAC International Senior Vice President Jeffrey J. Provenza and Associate Todd Hendricks represented Alliance Ground International, LLC, in its new lease of 253,000 square feet at 1717 Busse Road in Elk Grove Village, IL. The tenant is an airline cargo handling service that is expanding its footprint in the Chicago area. (more…)
Comments Off on Darwin REALTY/CORFAC INTERNATIONAL TEAM REPRESENTS GLOBAL SHIPPING AND LOGISTICS PROVIDER IN NEW LEASE
Darwin Realty/CORFAC International Associate Nick Krejci and Principal Noel S. Liston represented BTX Global Logistics in its lease of a new space at 1110 Thorndale Avenue in Bensenville. BTX, a leader in the global shipping industry, intends to occupy the space in July. (more…)
Comments Off on Darwin REALTY/CORFAC INTERNATIONAL ASSOCIATE MANDY LEWANDOWSKI REPRESENTS MASTER CUT EDM, INC IN LEASE RENEWAL
Darwin Realty/CORFAC International Associate Mandy Lewandowski represented Master Cut EDM, Inc., in its long-term renewal of a 5,000 square foot lease at 1025 Lunt Avenue Units B and C in Schaumburg, IL. The tenant, which services electrical discharge machining equipment, is leasing two of the buildings five 2,500 square foot units, bringing the building to 100% occupancy. (more…)
Comments Off on Darwin REALTY/CORFAC INTERNATIONAL NEGOTIATES LEASE FOR 3PL IN ITASCA BUILDING
Darwin Realty/CORFAC International Associate Nick Krejci represented American Bear Logistics in its 57,143 square foot lease at 1475 Thorndale Avenue in Itasca, IL. The ocean freight transportation company was seeking a larger warehouse near O’Hare Airport to support the growing demand from their customers. (more…)
Comments Off on Darwin REALTY/CORFAC INTERNATIONAL NEGOTIATES LEASE RENEWAL AND EXPANSION AT ALSIP BUILDING
(Elmhurst, Illinois – May 14, 2021) – Darwin Realty/CORFAC International Associates Todd Hendricks and Sam Lepore represented Welbic IV Alsip 12500, LLC, the building owner, in its negotiation of a lease renewal and expansion at 12500 S. Lombard in Alsip. Welbic IV Alsip 12500, LLC is one of a number of real estate ventures in which Speedwagon Properties is a Partner. (more…)
Comments Off on Darwin Realty’s Noel S. Liston & Nick Krejci Win CoStar’s Q1 2021 Power Broker Quarterly Deals Award
(Elmhurst, Illinois) – CoStar Group, Inc., the leading provider of commercial real estate information, analytics, and online marketplaces, today announced the CoStar Power Broker Quarterly Deals winners for the first quarter of 2021.
Darwin Realty/CORFAC International is pleased to announce that Noel S. Liston, Principal and Nick Krejci, Associate came out on top in the list of winners in the Chicago industrial market. The CoStar Power Brokers Quarterly Deals winners are determined by the top deals executed every quarter, based on price and square footage. (more…)
Comments Off on Darwin REALTY/CORFAC INTERNATIONAL REPRESENTS RESTRICTED ARTICLE SPECIALISTS IN NEW LONG-TERM LEASE
(Elmhurst, Illinois) – Darwin Realty/CORFAC International Senior Vice President Jeffrey Provenza and Associate Sam Lepore represented Restricted Article Specialists, Inc., in its long-term lease of 17,826 square feet at 501 Eastern Avenue in Bensenville. The new tenant specializes in the packaging and transportation of materials and is relocating to a larger facility. (more…)
Comments Off on DALFEN INDUSTRIAL EXPANDS MIDWEST PRESENCE WITH LAST MILE CHICAGO-AREA PROPERTY
(Dallas, TX) – Dalfen Industrial announced the purchase of a 174,300 square foot industrial facility at 1103 Butterfield Road in Aurora, IL. The facility was built in 2004 and has features sought after by the modern e-commerce and distribution tenants, including immediate access to the I-88 Expressway. (more…)
Comments Off on Darwin REALTY/CORFAC INTERNATIONAL NEGOTIATES SALE AND LEASE TRANSACTIONS IN NORTHWEST SUBURBS
(Elmhurst, Illinois) – Darwin Realty/CORFAC International Associate Matthew Lee has negotiated a new sale in Schaumburg and a new lease in Bensenville. Both were for businesses who were growing into new suburban locations, one from overseas and the other from another suburban location. (more…)
Comments Off on Darwin REALTY/CORFAC INTERNATIONAL ASSOCIATE MANDY LEWANDOWSKI REPRESENTS WELBIC IN SIX LEASE RENEWALS
Darwin Realty/CORFAC International Associate Mandy Lewandowski represented Welbic Investments, a private investor made up of members of the Cibula and Lewandowski families, in the renewal of six leases in its properties throughout Chicago’s western suburbs. As industrial space becomes increasingly hard to find, many tenants are remaining in place to save time and money by remaining in well-maintained buildings. (more…)
Comments Off on Darwin REALTY/CORFAC INTERNATIONAL REPRESENTS GARAGE DOOR SUPPLIER IN SUBLEASE
(Elmhurst, Illinois) – Darwin Realty/CORFAC International Senior Vice President Jeffrey Provenza and Associate Rollo Dace recently worked together to represent Garage Door Supplies in its sublease of 30,000 square feet at 6558 W. 73rd Street in Bedford Park. The manufacturer and distributor of garage doors and related parts was looking for a building with good access to highways in the Chicago area (more…)
Comments Off on Darwin REALTY/CORFAC INTERNATIONAL ASSOCIATE MANDY LEWANDOWSKI COMPLETES 44 TRANSACTIONS IN 2020
(Elmhurst, Illinois) – Chicago’s industrial real estate market has remained strong throughout the COVID-19 pandemic, says Darwin Realty/CORFAC International Associate Mandy Lewandowski, who completed 44 transactions totaling more than 400,000 square feet in 2020. Many of the transactions were leases that brought buildings to 100% occupancy, and many were renewals with rent increases of 3% or more bringing additional revenue to building owners. (more…)
Comments Off on Darwin REALTY/CORFAC INTERNATIONAL REPRESENTS TENANT IN 353,000 SF LONG-TERM LEASE
(Elmhurst, Illinois) – Darwin Realty/CORFAC International is pleased to announce that the firm has negotiated a long-term lease for the 352,338 square foot warehouse facility located at 150 E. Crossroads Parkway in Bolingbrook, Illinois to Chicago-based apparel retailer AKIRA. (more…)
Comments Off on Darwin REALTY/CORFAC INTERNATIONAL LEASES TWO SPACES IN PALATINE TO AUTO RESTORATION SHOP
(Elmhurst, Illinois) – Darwin Realty/CORFAC International Principal Noel S. Liston and Associate Mandy Lewandowski represented Welbic III Palatine 641 LLC in two leases to Roadster Salon, an automobile restoration firm in the northwest suburbs. (more…)
Comments Off on Darwin REALTY/CORFAC INTERNATIONAL COMPLETES THREE INDUSTRIAL TRANSACTIONS IN WESTERN SUBURBS
(Elmhurst, Illinois) – Darwin Realty/CORFAC International President Rick Daly negotiated a sale and two leases in the western suburbs during the month of February. The transactions in Elk Grove Village and Carol Stream were to businesses growing or adding space in a competitive industrial market. (more…)
Comments Off on SPEEDWAGON CAPITAL PARTNERS ACQUIRES PARTNERSHIP INTEREST IN AN INDUSTRIAL REAL ESTATE PORTFOLIO
(Elmhurst, Illinois) September 15, 2020 – Darwin Realty/CORFAC International is pleased to announce that Speedwagon Capital Partners, a Chicago-based private real estate investment firm has purchased an interest in a real estate portfolio owned by industrial real estate veterans George Cibula and Matt Lewandowski of Darwin Realty/CORFAC International. The industrial real estate portfolio was valued at $130 million and consists of 2.2 million square feet across 41 buildings located in the greater Chicagoland area and southern Wisconsin. (more…)
Comments Off on MATTHEW LEE JOINS Darwin REALTY/CORFAC INTERNATIONAL
(Elmhurst, Illinois) August 5, 2020 – Darwin Realty/CORFAC International is pleased to announce that Matthew Lee has joined its team as an associate. Matthew’s responsibilities in his new role will include brokerage services including tenant representation, owner representation, build-to-suit projects, sale/leasebacks, and investment acquisitions and dispositions. He will be working with Darwin Principal Noel Liston and Associate Nicholas Krejci. (more…)
Comments Off on Darwin REALTY/CORFAC INTERNATIONAL REPRESENTS LANDLORD IN NEW LOGISTICS LEASE
(Elmhurst, Illinois – July 10, 2020) – Darwin Realty/CORFAC International Managing Broker George Cibula and Associate Todd Hendricks represented building owner Welbic III Racine 6200 LLC in a 115,823 square foot lease to Budd Van Lines. The building at 6200 Regency Drive in Racine, WI, is owned by the investment company co-owned by Cibula and Darwin Realty/CORFAC International’s Matthew Lewandowski. (more…)
Comments Off on Darwin REALTY/CORFAC INTERNATIONAL PROMOTES JEFF PROVENZA TO SENIOR VICE PRESIDENT
(Elmhurst, Illinois – June 23, 2020) – Darwin Realty/CORFAC International announced that Jeffrey Provenza has recently been promoted to Senior Vice President. Mr. Provenza offers a full range of brokerage services including tenant/owner representation, acquisition/disposition services, build-to-suit projects, and investment sales. He has completed more than 8.5 million square feet in transactions totaling more than $200 million throughout his 10-year career at Darwin Realty/CORFAC International. (more…)
Comments Off on FRANK DAMATO IV JOINS Darwin REALTY/CORFAC INTERNATIONAL
(Elmhurst, Illinois) – Darwin Realty/CORFAC International is pleased to announce that Frank Damato IV has joined its team as an associate. A recent graduate of DePaul University, Damato offers a full range of brokerage services including tenant representation, buyer representation, owner representation, build-to-suit projects, sale/leasebacks, and investment acquisitions and dispositions. (more…)
Comments Off on SAM LEPORE JOINS Darwin REALTY/CORFAC INTERNATIONAL
(Elmhurst, Illinois) – Darwin Realty/CORFAC International is pleased to announce that Sam Lepore has joined its team as an associate. A recent graduate of Indiana University, Lepore will focus his brokerage on the West Cook and I-55 North industrial submarkets.
“Sam has devoted his studies to business and commercial real estate, and he will continue to learn from our senior brokers as a part of our growing team,” says Darwin Realty/CORFAC International Managing Broker George Cibula. “We are looking forward to working with him as he begins his career at Darwin.” (more…)
Comments Off on Darwin REALTY/CORFAC INTERNATIONAL SELECTED TO REPRESENT VILLAGE OF FRANKLIN PARK IN TWO-BUILDING DISPOSITION
(Elmhurst, Illinois – April 8, 2020) – Darwin Realty/CORFAC International’s Rollo Dace has been selected by the Village of Franklin Park to market two vacant industrial buildings they have acquired through forfeiture. The buildings, located at 9800 Franklin avenue and 9150-58 Grand Avenue, will require extensive improvements to bring them up to the Village standards. However, they are located in a prime location near O’Hare Airport and offer value for intrepid investors looking for properties.
“Industrial and commercial real estate make up 50% of Franklin Park’s land area, and these properties could be a prime investment for someone looking to spruce them up and create modern amenities for interested tenants or buyers,” Dace says. “There’s a tax exemption of 10% on building materials to be used on properties with the Franklin Park Enterprise Zone.” (more…)
Comments Off on Darwin REALTY REPRESENTS TENANT AND LANDLORD IN NEW 174,178 SQUARE FOOT LEASE
(Elmhurst, Illinois –October 28, 2019) – Darwin Realty is pleased to announce the firm facilitated a lease between Axis Warehouse Management and CenterPoint Properties for the third party logistics company’s new 174,178 square foot space at 500 Country Club Drive in Bensenville, Il. CenterPoint Properties’ Senior Vice President of Asset Management Danielle Radtke and their attorney Jerome Richman of Richmond Breslin, LLC supervised the transaction. Axis Warehouse executives Frank Pagone, Ed Louis and Daniel Goldberg, along with their attorney John Chitkowski of Chitkowski Law Offices, worked with the brokerage team. Darwin Realty President Rick Daly led the transaction, with assistance from Managing Broker George Cibula. (more…)
Comments Off on Darwin REALTY ANNOUNCES THREE ELGIN TRANSACTIONS TOTALING 218,000 SF
(Elmhurst, Illinois –October 16, 2019) – Darwin Realty is pleased to announce the firm has completed a sale and two lease transactions in Elgin, IL totaling over 218,000 square feet.
Darwin Realty completed the sale of 90,000 square feet at 501 Davis Road in Elgin, Illinois. Noel S Liston, Principal was the sole broker in this off-market transaction. The 90,000 square foot building was owned and occupied by Chicago Logistic Service, a privately held Elgin-based transportation and logistics firm. The 501 Davis Road building features seven loading docks, three drive-in doors, 24’ ceilings, 5,000 square feet of office space and provided I-90 tollway visibility. The building was purchased by Navis Industries, also an Elgin-based company, who provides plastic packaging films. Navis Industries is relocating to the Davis Road building from a 25,000 square foot building they own in Elgin. Consideration for the sale was in excess of $5,000,000. (more…)
Comments Off on Darwin REALTY REPRESENTS BUILDING OWNER IN NEW MANUFACTURING LEASE
(Elmhurst, Illinois –September 18, 2019) – Darwin Realty is pleased to announce the firm’s President Richard G. Daly and Associate Chris Mergenthaler represented a private partnership in the lease of its building at 1701 Birchwood Avenue in Des Plaines to Amphenol EEC. The tenant, a manufacturer of electrical, electronic and fiber optic connectors, is relocating its facility from Chicago and Mexico.
“The tenant was attracted to this building because of its heavy power and open floor plan,” Daly says. “The company’s relocation shows that the Midwest, and specifically Chicago, is once again becoming a desirable location for manufacturers because of its labor pool and ease of distribution.” (more…)
Comments Off on Darwin REALTY ANNOUNCES GROUNDBREAKING CEREMONY HELD FOR BO JACKSON ELITE SPORTS FACILITY IN BENSENVILLE
(Elmhurst, Illinois – July 29, 2019) – Darwin Realty is pleased to announce that on Thursday, July 18, 2019 a groundbreaking ceremony was held for the Bo Jackson Elite Sports Facility being constructed at Grand Avenue and County Line Road in Bensenville. This event celebrated the official start of construction on the 114,140-square- foot air supported indoor sports training center. Jeffrey Provenza, Vice President of Darwin Realty was the sole broker in the transaction.
This will be the third Bo Jackson Elite Sports Facility in the United States and the second in Illinois. Construction is scheduled to be completed by the end of 2019. The facility is designed to accommodate training for turf sports like baseball, soccer, football, and lacrosse. The facility will also include a track, weight room, and a climbing wall while also providing a number of year round training opportunities and programs by their professional staff.
“The owners of the property are very happy to have Bo Jackson Elite Sports (“BJES”) as a long-term tenant on the site,” said Provenza. “The stellar reputation and future long-term success of BJES will have an enormous positive impact on surrounding Bensenville community.”
During the ceremony, sports legend Vincent “Bo” Jackson and Village President Frank DeSimone addressed stakeholders, Village officials, and Village Staff by thanking them and expressing their excitement for the project.
“This facility serves as a fantastic addition to the existing amateur sports related assets we have in Bensenville like the Edge Ice Arenas and the Redmond Recreational Complex. Being a baseball travel dad myself and having a facility where I can send my son to learn from these professionals speaks volumes. I believe that once this corner is fully developed with the dome, hotels, and retail, it will be a destination where Chicagoland can come to live, work, and play,” said Village President Frank DeSimone.
General contractor on the project is Triumph Construction and the architect is Charles Smith at Arete Design Studio, Ltd.
Comments Off on Darwin REALTY BROKERS TWO SALES AND TWO LEASES TOTALING 69,687 SQUARE FEET IN THE CHICAGOLAND AREA
(Elmhurst, Illinois – June 12, 2019) – Darwin Realty is pleased to announce the firm’s Principal Noel S. Liston and Associate Nick Krejci represented four end users in their purchase or lease of new space in suburban Chicago. The two sales and two leases totaled 69,687 square feet, all in high-quality buildings with good access to major highways.
“The new buyers and tenants were pleased to find this rare space in today’s market,” Liston says. “Many businesses are currently expanding, leaving less quality space available for users who are looking to move.”
Liston and Krejci represented a private investor in their purchase of 820 McArdle Drive in Crystal Lake, IL. The high-image precast multitenant 15,840 square foot building was fully leased at the time of the sale. The facility attracts long-term tenants and is expected to remain fully leased with good cash flow for the foreseeable future. The seller, Dakota-Crystal Lake, LLC, was represented by Premier Commercial Realty’s Tina Kropke and Heather Schweitzer.
In another sale transaction, Liston and Krejci represented DRB Enterprises in the sale of their 9,500 square foot building at 1160 Abbott Drive in Elgin, IL to tool grinding machine manufacturer J. Schneeberger Corp. The free-standing building with access to I-90 via Route 31 and Randall Road offers the buyer a space to demonstrate their machinery to their customers.
IMPEX GLS, a freight forwarding and supply chain management company, has leased 32,477 square feet within a 124,028 square foot building located at 2475 Touhy Avenue in Elk Grove Village, IL. The tenant selected the building because of its heavier office footprint and loading capabilities. The new, high-image industrial building is located close to O’Hare International Airport with access to multiple expressways. Liston and Krejci worked on behalf of IMPEX GLS and Colliers International’s Tom Rodeno represented the landlord, PPF Industrial 2475 Touhy Avenue, LLC.
In the final lease, sound system and equipment provider Gary Gand Music, Inc. was represented by Liston and Krejci in its renewal of 11,870 square feet of space within the 54,130 square foot building at 1107 Mark Street in Elk Grove Village, IL. The site has great access to highways, allowing the business to access concert venues and other job sites it needs to reach throughout the Midwest. The REIT building owner was represented in-house.
Comments Off on Darwin REALTY REPRESENTS GARAGE DOOR SUPPLY COMPANY IN NEW LEASE
(Elmhurst, Illinois –April 30, 2019) – Darwin Realty is pleased to announce the firm’s Vice President Jeffrey Provenza and Associate Rollo Dace represented GDS Garage Door Supplies, Inc., in its new lease of 23,375 square feet at 9405 River Street in Schiller Park, IL. The garage door parts supplier was looking for a larger space in the same area to expand its growing business.
GDS is relocating and expanding from a 5,000 square foot location at 4027 Fleetwood Drive in Franklin Park, IL, more than doubling its existing space. The tenant selected the new location because of its easy access for its customers and ability to retain its employees by staying in the same region. The property is close to O’Hare International Airport and several major highways. It has a 14’ clear height ceiling, two docks, and one drive-in door.
“As a growing company, GDS was looking for a much larger location with good access to supply its customer with the garage parts they need,” Provenza says. “This O’Hare warehouse gives the tenant a good central location from which to do its business.”
Paine Wetzel’s Terry Lynch represented the building owner, Schiller 9405 LLC, in the transaction.
Comments Off on Darwin REALTY ANNOUNCES LEASE RENEWAL FOR CHICAGOLAND QUAD CITIES EXPRESS IN BRIDGEVIEW, ILLINOIS
Darwin Realty announced that Chicagoland Quad Cities Express has renewed their lease for a 412,405 square foot distribution compound in Bridgeview, Illinois.
Chicagoland Quad Cities is a 50-year-old third-party logistics and transportation company that specializes in warehousing and transportation services for many well-known companies. Chicagoland is a warehouse affiliate member of the National Association of Chemical Distributors. They also operate a food grade facility in Bolingbrook, Illinois. Between their Bridgeview and Bolingbrook locations, Chicagoland has 501,000 square feet of warehouse space in the Chicago-market.
Katie Michel, Sr. Vice President of Pritzker Realty Group negotiated the lease on behalf of ownership. Terri Wintermute, President, and Gary DiGrazia, Senior Vice President of Chicagoland Quad Cities Express negotiated the transaction on behalf of Chicagoland Quad Cities.
Adam Haefner, Director of Brokerage Services at Darwin Realty represented Pritzker Realty Group as their broker. George Cibula, SIOR, represented Chicagoland Quad Cities Express.
Comments Off on Darwin REALTY ANNOUNCES SALE OF TWO INDUSTRIAL PROPERTIES IN DUPAGE COUNTY
(Elmhurst, Illinois – June 14, 2018) – Darwin Realty is pleased to announce a sale and leaseback transaction at 502 Vista Avenue in Addison, Illinois. Darwin’s principal, Noel S. Liston, and associate, Nick Krejci, were the sole brokers in the transaction. AIM, Incorporated (seller) will lease the facility back for the next several years. The building is 37,560 square feet and features 4,300 square feet of nicely appointed office and heavy power. The property was purchased by Westwind Industrial, a general contractor specializing in medical, industrial and commercial property reutilization, for $2,000,000.
In Glendale Heights, Liston and Krejci represented the seller, Comtelco Industries, in the sale of their 13,500 square foot facility at 501 Mitchell Road. The purchaser, IVM Chemicals, Inc., was represented by G. Pat Ryan with Combined Commercial Realty. IVM Chemicals, Inc. is a European-based distributor of industrial chemicals and pesticides and will occupy the building upon renovation which is being completed by Peak Construction. The building was purchased for just under $1,000,000.
Comments Off on Darwin REALTY ANNOUNCES NEW LEASE AT WEST SUBURBAN INDUSTRIAL BUILDING
(Elmhurst, Illinois – May 8, 2018) – Darwin Realty is pleased to announce the firm’s President Richard G. Daly represented Apex Warehouse Systems, LLC in its new lease of 107,600 square feet at 631 W. Park Avenue in Aurora, IL. The warehouse will serve as additional storage space for the materials handling and storage equipment company.
“This is a large crane-served facility that will help the tenant serve its existing client base and any new clients it may bring in,” Daly says.
The 342,268 square foot building features ceiling heights of up to 40 feet, outdoor storage space for vehicles and equipment, 10 exterior docks, 10 drive-in doors and seven cranes. With easy access to I-88 via Route 31, the building boasts low Kane County taxes.
The building owner, Transbulk Real Estate Limited Partnership, was represented by Transwestern’s Joe Karmin and Justin Lerner.
Comments Off on Darwin REALTY PROMOTES BRENDAN SHEAHAN TO VICE PRESIDENT
(Elmhurst, Illinois – January 4, 2018) – Darwin Realty and Development Corporation announced that industrial associate Brendan J. Sheahan has recently been promoted to Vice President. Mr. Sheahan’s expertise includes tenant and buyer representation, ownership representation, and build-to-suit projects, as well as investment analysis, acquisition, and disposition services. Mr. Sheahan is active in the Elgin-I-90 Corridor, Fox Valley, and I-88 Industrial Corridor and has recently completed over 1.3 million square feet in transactions totaling more than $30 million in value.
Mr. Sheahan joined Darwin Realty in 2012 following graduation from the University Of Wisconsin-Madison where he earned a Bachelor of Business Administration degree in Real Estate and Urban Land Economics, and Risk Management and Insurance.
Comments Off on Darwin REALTY ANNOUNCES 100,000 SF SALE IN ELGIN
(Elmhurst, Illinois – November 27, 2017) – Darwin Realty is pleased to announce the firm’s Brendan J. Sheahan and Principal, Noel S. Liston represented St. Charles Trading, Inc. in the purchase of a 100,000 SF facility at 1400 Madeline Lane within Randall Point Business Park in Elgin, Illinois.
St. Charles Trading, currently located in Batavia, Illinois, will use the new facility to consolidate and expand multiple warehousing and production operations in the Western suburbs. “The current capital environment and strong investor demand have created a shortage of quality buildings available for owner-occupiers. This institutional-grade facility in Randall Point Business Park was identified as a rare opportunity for our client and its expansion capabilities will serve their needs for many years to come”, said Darwin’s Sheahan.
The seller, Pancor Construction & Development, was represented by Mike Sedjo and Jack Brennan of CBRE.
Comments Off on Darwin REALTY ANNOUNCES NEW LEASE AT SUBURBAN INDUSTRIAL BUILDING
(Elmhurst, Illinois –OCTOBER 24, 2017) – Darwin Realty is pleased to announce the firm’s Vice President Jeffrey Provenza represented nepsa solutions in its lease of 61,202 square feet at 1360 Madeline Lane in Elgin, IL. The tenant is a new telecommunications and cellular company providing products and services for mobile network providers.
The company selected the property because of its functional warehouse space and 30’ clear height ceilings. The building is located near I-90 and Randall Road, giving it good access to the interstate, low Kane County taxes, and access to a strong labor force. It also includes 3,823 square feet of office space, seven exterior docks and one drive in door.
“This is a great example of a high-tech company looking farther out in the suburbs to fulfill their needs for a newer, more functional space,” Provenza says.
The building’s owner, Brookfield Property Group, was represented by NAI Hiffman’s Dan Leahy, Bruce Granger and Terry Herlihy.
Comments Off on Darwin REALTY ANNOUNCES 121,800 SF SALE IN INDIANAPOLIS, IN
(Elmhurst, Illinois – September 18, 2017) – Darwin Realty is pleased to announce the firm’s Brendan J. Sheahan represented a large, Midwest-based manufacturer and distributor of food products in their purchase of a 121,800 SF facility at 9710 Park Davis Drive in Indianapolis, Indiana. The purchaser, based in Chicago, will use the new facility to expand and enhance their production capacity and existing distribution operations in and around the Indianapolis market.
Following an extended, hands-on search, the Park Davis Drive facility was selected due to its existing manufacturing amenities and modern construction featuring 28’ clear ceilings, heavy power, and a fully air-conditioned warehouse. Situated on over 20 acres, the expandable facility will accommodate future growth in the market.
Chip Barnes and Brian Buschuk of the Indianapolis office of JLL represented the seller, Pinchal & Co., in the transaction.
Comments Off on CHRIS MERGENTHALER JOINS Darwin REALTY AS AN ASSOCIATE
(Elmhurst, Illinois – September 4, 2017) – Darwin Realty is pleased to announce that Chris Mergenthaler has joined its team as an associate. Mergenthaler recently graduated from Florida State University. He also owned his own business that focused on aerial photography for commercial construction and development. He will concentrate on a variety of brokerage services including tenant representation, ownership representation, build-to-suit projects, site acquisitions, and investment acquisitions and dispositions.
Mergenthaler holds a bachelor’s degree from Florida State University College of Business, where he studied finance and entrepreneurship with a specialization in real estate. Outside of his work in real estate, he enjoys fishing, hiking, and woodworking.
Comments Off on Darwin REALTY ANNOUNCES LEASE RENEWAL AT BOLINGBROOK WAREHOUSE
(Elmhurst, Illinois – September 5, 2017) – Darwin Realty is pleased to announce the firm’s Managing Broker George Cibula and Director of Brokerage Services Adam Haefner represented the tenant, Chicagoland Quad Cities, Inc., in its lease of 89,670 square feet within the 320,722 square foot building located at 9 Timber Court in Bolingbrook, Illinois.
According to Haefner, “Chicagoland Quad Cities is a third party logistics company in an industry that has traditionally been a good indicator of the overall economy. Chicagoland’s continued success shows that many of their customers are thriving and looking to expand their warehouse space. The south I-55 corridor continues to be one of the most active submarkets in Chicago.”
Chicagoland Quad Cities chose to stay in the building because of its prime location in the south I-55 corridor, which is one of the most active areas in the Chicago industrial submarket.
The building owner was represented by Jason West and Sean Henrick of Cushman & Wakefield.
Comments Off on Bridge Sells 491,010 SF O’Hare Industrial Portfolio, Buys Land for Another 656,189 SF of Development
CHICAGO, August 17, 2017 — Bridge Development Partners, LLC, has announced the sale of four industrial buildings totaling 491,010 square feet in Chicago’s O’Hare market. The portfolio sale price was $69,275,000. Concurrently, Bridge acquired a 48-acre land site in nearby Franklin Park, IL for $27M and was brokered by Jeff Provenza of Darwin Realty. Bridge plans to develop three additional buildings totaling 656,189 square feet.
“In Chicago, and our other U.S. markets Bridge has had some success in developing state-of-the-art distribution facilities in infill locations like O’Hare that are highly desirable to a number of different industrial users,” said Steve Groetsema, Principal and Chicago Market Officer at Bridge Development Partners. “It’s not surprising to see these facilities preleased or leased soon after completion, making them very liquid to investors, and enabling us to buy additional strategically located sites for development.” (more…)
Comments Off on Darwin REALTY SELLS WEST SUBURBAN WAREHOUSE TO U-HAUL/AMERCO REAL ESTATE COMPANY
(Elmhurst, Illinois) – Darwin Realty is pleased to announce the firm’s Vice President Jeffrey Provenza and Managing Broker George Cibula represented the seller in the disposition of a 160,000 square foot warehouse facility located at 950 S. 25th Avenue in Bellwood, Illinois. In this transaction, 950 S. 25th Avenue LLC sold the building to U-Haul/AMERCO Real Estate Company for use as a truck rental and self-storage facility. This will represent an expansion for U-Haul/AMERCO who represented themselves in the transaction.
“This transaction takes an older industrial building and repurposes it to a higher and better use,” Cibula says. “As the market continues to tighten, we expect to see more reuse of outdated buildings such as this one.”
The building features 11,500 square feet of office space, 5,000 square feet of cooler space, 12.5-foot to 19.5-foot clear height ceilings, 14 exterior docks and two interior docks. U-Haul chose this site due to its proximity to I-290 and the large parking lot on the 8.3-acre site with truck parking. The new owner will take occupancy of the building in October.
Comments Off on Darwin REALTY EXECUTIVES VOLUNTEER AT LAMBS FARM
(Elmhurst, Illinois – July 10, 2017) –Darwin Realty executives recently donated a day of their time working at Lambs Farm, a non-profit organization that provides residences and jobs for adults with disabilities, in Libertyville, IL. A group of over 20 Darwin Realty team members that included brokers, construction department associates, property managers and administrative staff, worked with Lambs Farm to paint the Magnolia Café building, an on-site restaurant that employs many of its residents, and updated landscaping on the facility’s grounds.
“We were looking for an opportunity where we could really make a difference and helping Lambs Farm beautify this property was a good fit for our company,” said Rick Daly, Darwin President. “It was a great way to get out of our regular routine and give back to the community.”
Lambs Farm has been helping people with developmental disabilities lead productive, happy lives and connecting with the human spirit since 1961. The organization started as a pet store on State Street in Chicago that employed people with disabilities. In 1965, its founders moved the organization to a 70-acre farm where 250 people with developmental disabilities live and/or work in a nurturing, helpful environment.
This is Darwin’s fifth semi-annual philanthropic volunteer day. Darwin selected Lambs Farm as their Spring/Summer charity because they wanted to support a local, small business non-profit with a similar family culture to their own company.
Comments Off on Darwin REALTY ANNOUNCES NEW LEASE AT ELK GROVE VILLAGE WAREHOUSE
(Elmhurst, Illinois – June 26, 2017) – Darwin Realty is pleased to announce the firm represented the landlord in a new full-building lease at 951 Fargo Avenue in Elk Grove Village, IL. Darwin President Richard G. Daly and Darwin Director of Brokerage Services Adam Haefner represented a private institutional investor in the lease to seasonal food gifts distributor Marketplace Brands, LLC.
The tenant selected the 103,987 square foot building because it was recently renovated and features 22-foot ceilings, 11,000 square feet of office space, 10 dock positions and one drive-in door. The building has a Class 6B tax incentive in place and can be served by rail.
NAI Hiffman’s Joe Bronson and Josh Will represented the tenant.
Comments Off on Darwin REALTY ANNOUNCES LEASE TO PRINTING ARTS IN BROADVIEW, IL
(Elmhurst, Illinois – June 12, 2017) –Darwin Realty is pleased to announce that Printing Arts, a printing production and materials storage company, has signed a 46,973-square-foot lease at 2105 W. 21st Street, a 120,960-square-foot building in Broadview, Ill. The lease represents an expansion for Printing Arts, which currently occupies an adjacent building.
Mandy Lewandowski of Darwin Realty represented the building owner, Welbic III Broadview 21 LLC, and worked directly with Printing Arts.
“We are pleased to able to accommodate the growing space needs of this valued tenant,” stated Lewandowski.
Comments Off on Darwin REALTY ANNOUNCES FULL-BUILDING LEASE TO RUNNING AWAY ENTERPRISES LLC
(Elmhurst, Illinois – May 30, 2017) –Darwin Realty is pleased to announce that Running Away Enterprises LLC, has extended and expanded its lease at 901 Corporate Grove Road in Buffalo Grove, IL. Starting June 1, the race event management and multisport retail company will occupy the entire 72,600-square-foot building.
Darwin Realty vice president Matthew Lewandowski and leasing associate Mandy Lewandowski represented ownership in the transaction, working directly with Steve Ginsburg of Running Away Enterprises.
“We were very pleased to be able to keep this great tenant in place and to accommodate their dynamic growth,” stated Matthew Lewandowski.
Comments Off on Darwin REALTY ANNOUNCES SALE OF MELROSE PARK BUILDING
(Elmhurst, Illinois – March 20, 2017) –Darwin Realty is pleased to announce that Jeffrey Provenza, vice president with the firm, represented FSC Investments Ltd. in its sale of a 20,000 square foot building located at 2045 Janice Avenue in Melrose Park, Illinois, to DCG Roofing Solutions, Inc. for $710,000.
“The demand for buildings that can be purchased in Melrose Park has increased significantly, especially with users looking to purchase free-standing buildings,” stated Darwin’s Provenza.
DCG Roofing selected the 1.35-acre site and facility as a new location for the business which will be relocating from 1285 Rand Rd. in Des Plaines, IL. The roofing contractor chose the property primarily due to the large site complete with a great loading area, large fenced parking lot and outdoor storage area. The building boasts 18’ clear height ceilings, four drive-in doors, one exterior dock, and possible Class 6 B status.
Brown Commercial Group’s Trinity Scurto represented the buyer in the transaction.
Comments Off on NICHOLAS KREJCI JOINS Darwin REALTY
(Elmhurst, Illinois) – Darwin Realty has announced that Nicholas Krejci has recently joined the firm as an Associate in its Elmhurst office. Mr. Krejci will specialize in representing tenants and owners in investment acquisitions and dispositions of industrial properties in Central DuPage County.
Krejci will be training and working closely with Noel S. Liston, a principal and broker at Darwin for more than 22 years.
“Nick will bring a fresh new perspective to Darwin in the early stages of his career,” says Darwin Realty’s Director of Brokerage Services Adam Haefner. “His strong educational background will be a great asset to our firm.”
Krejci holds a bachelor’s degree in finance from Fordham University’s Gabelli School of Business, where he was a standout student-athlete for four years.
Comments Off on Darwin REALTY ANNOUNCES SALE IN BRIDGEVIEW, ILLINOIS
(Elmhurst, Illinois – December 8, 2016) – Darwin Realty proudly announces the sale of 9900 Industrial Drive in Bridgeview, Illinois, a 215,000 square foot industrial building. The firm’s Noel S. Liston and Kevin D. Cooney represented the purchaser, Welch Packaging Group, Inc., a leading manufacturer of corrugated packaging.
Welch will be relocating from Countryside to the former crane facility to support their expanding Chicagoland operations. The facility offers heavy power, ample land for parking or trailer parking, and is located immediately off I-294. Welch plans to add significant improvements to the Bridgeview building to accommodate their needs.
The seller was represented by Jeff Locascio of Transwestern.
Comments Off on Darwin REALTY ANNOUNCES NORTHWEST SUBURBAN BUILDING SALE
(Elmhurst, Illinois – SEPTEMBER 27, 2016) – Darwin Realty is pleased to announce the firm represented the seller, JJS Properties, in its disposition of a 53,289 square foot property on 5.6 acres at 1500 Busch Parkway in Buffalo Grove, IL. Darwin’s Dan Prendergast and Adam Haefner represented JJS Properties. The buyer, Knipex Tools, LP, is the North American sales and marketing organization of the German hand-tool manufacturer. The buyer is expanding and will relocate their operations from Arlington Heights.
“The property was listed in April and sold just four months later, which reflects the strong market for functional real estate in a great location like Buffalo Grove,” said Prendergast.
Brian Properties’ Brian M. Hellgeth was the exclusive representative of the buyer in this transaction.
Comments Off on TODD HENDRICKS JOINS Darwin REALTY
(Elmhurst, Illinois) AUGUST 4, 2016 – Darwin Realty is pleased to announce that Todd Hendricks has recently joined the firm as an Associate and Global Supply Chain Strategist in its Elmhurst office. Mr. Hendricks will specialize in the leasing and sale of buildings to companies in the third party logistics, trucking and manufacturing industries. Prior to joining Darwin, he worked for more than 15 years in third party logistics, business development and freight management.
Hendricks will provide clients sophisticated location analysis and brokerage services for the acquisition, disposition and leasing of industrial buildings and land for logistics and manufacturing companies; serving occupiers, investors, and developers. He will also provide services for build-to-suit properties and sale-leaseback transactions.
“We are excited to have someone with so much experience on the user side of the transactions on our team,” says Darwin Realty Managing Broker George Cibula. “Todd knows how logistics companies think and can add his perspective to clients’ transactions.”
Hendricks holds a bachelor’s degree from Ohio Wesleyan University. He is a member of several professional organizations, including Midwest Association of Rail Shippers, Freight and Logistics Professionals, 3PL Professionals, Food and Beverage Network, Leadership in Logistics and Supply Chain, and Supply Chain Management.
Comments Off on Darwin REALTY ANNOUNCES INVESTMENT SALE IN SOUTH ELGIN
(Elmhurst, Illinois – AUGUST 3, 2016) –Darwin Realty is pleased to announce our most recent transaction in the Elgin/I-90 industrial corridor. Brendan J. Sheahan, Associate, of Darwin Realty represented a private family partnership in their acquisition of 423 Joseph Drive in South Elgin.
The 26,841 square foot building is fully leased and represented a rare opportunity to acquire a quality, stabilized asset at an attractive return in the historically strong Elgin/I-90 market.
The seller was represented by Jack Brennan of CBRE.
Comments Off on Darwin REALTY ANNOUNCES THREE LEASE TRANSACTIONS TOTALING MORE THAN 90,000 SQUARE FEET
(Elmhurst, Illinois – JULY 18, 2016) – Darwin Realty is pleased to announce that Noel S. Liston has completed three transactions totaling 91,000 square feet in the western suburbs.
Noel S. Liston, Principal and Brendan J. Sheahan, Associate, of Darwin Realty represented DCT Industrial in their lease of 1575-1595 High Point Drive in the DCT Business Center Elgin. The 32,000 square foot unit was leased to Dynacast, Inc. as an expansion to their existing facility within the park. The building features 18’ clear ceilings, 17 exterior docks, 2 grade-level doors and 2,800 square feet of office space.
In a separate transaction, Noel S. Liston and Doug R. Pilcher, Vice President of Darwin Realty, represented DCT in their lease to Marvel Engineering. The 33,000 square foot unit at 450 Lombard Road in Addison features 4,000 square feet of office space, 24’ clear ceilings, four interior loading docks, and 1600 amps of power at 480 volts. Marvel Engineering was represented by Adam M. Haefner, Director of Brokerage Services at Darwin Realty. This marks the second lease transaction in the past 90 days at the 450 Lombard Road building and brings the facility to 100% occupancy.
Lastly, Noel S. Liston represented ownership in their lease of 26,000 square feet at 2525 Bath Road in Elgin to Compass Automation. The Bath Road unit features 24’ clear ceilings, three exterior loading docks, and 5,000 square feet of office. Compass Automation will be expanding and relocating from their current Elgin facility. Josh Feldman of Cushman & Wakefield represented the tenant.
Comments Off on Darwin REALTY ANNOUNCES SALE OF ELK GROVE VILLAGE WAREHOUSE
(Elmhurst, Illinois – June 20, 2016) – Darwin Realty is pleased to announce the firm completed the sale of a 70,796 square foot warehouse at 925-1065 Chase Avenue in Elk Grove Village, Illinois. Darwin Realty Principal Richard G. Daly represented the seller, Hicks Properties LLC in the transaction.
TMI Properties LLC has purchased the two-tenant facility which is divided into 41,000 square foot and 29,000 square foot spaces as an investment. The smaller space is occupied by Filter Services, Inc. with a long-term lease, allowing the buyer to purchase the building with existing income already in place and occupy the balance of the building. The 20’ clear building features 11 docks, three drive-in doors and parking for 115 cars. The offices within the building have been recently renovated.
Colliers’ Jonathan Kohn represented the buyer, TMI Properties LLC.
Comments Off on Darwin REALTY REPRESENTS PORRECA FREIGHT TRADING WITH NEW LEASE
(Elmhurst, Illinois – June 14, 2016) – Darwin Realty is pleased to announce the firm completed a new lease on a 58,627 square foot warehouse and office space for Porreca Freight at 1850 Greenleaf Avenue in Elk Grove Village, Illinois. Darwin Realty’s President Richard G. Daly represented the tenant in the transaction.
Porreca Freight, a company that provides full local pick up and delivery services throughout the Chicago area, is expanding its warehouse and office. They selected the free-standing building because of its high velocity loading capacity in the heart of the O’Hare market, 11 exterior docks, two drive-in doors, 16’ foot ceiling clear heights andample parking.
According to Daly, “There is a shortage of buildings in the O’Hare market with abundant loading and trailer parking. The new location will give my client flexibility to warehouse and deliver their clients’ product on a timely basis.”
Colliers International’s Jonathan Kohn and Tom Rodeno represented the landlord in the transaction.
Comments Off on North Suburban Manufacturers Face Tight Market
Darwin Realty’s Dan Predergast was recently quoted in a Globe Street article about a building sale in Northbrook . Read the entire article by clicking the link below:
Comments Off on Darwin PROMOTES PROVENZA TO VICE PRESIDENT
(Elmhurst, Illinois – March 9, 2016) – Darwin Realty & Development Corporation announced that industrial associate Jeff Provenza has recently been promoted to Vice President. Mr. Provenza offers a full range of brokerage services including tenant representation, owner representation, build-to-suit projects, site selection, and investment acquisition and disposition services.
Mr. Provenza is very active in the O’Hare and West Cook industrial market and in 2015 completed over 780,000 square feet in transactions totaling more than $27 million in value, including the sale of a 263,668 square foot multi-tenant building and the redevelopment sale of a 21-acre site.
Mr. Provenza joined Darwin Realty in 2010 and, prior to his real estate career, performed regulatory and consulting work for the commodities industry. He further utilized his financial and accounting skills as an internal auditor and senior financial analyst for Nalco/Ecolab (NYSE:ECL).
Mr. Provenza attended the University of Illinois Urbana-Champaign and earned a Bachelor’s degree in Finance.
Comments Off on Darwin Announces $50,000,000 Acquisition and $102,000,000 Finance Project
(Elmhurst, Illinois – February 10, 2016) – Darwin Realty is pleased to announce that Welbic LLC has purchased 15 industrial properties from Venture One Real Estate. These properties contain approximately 900,000 square feet of buildings located from Kenosha, Wisconsin to Alsip, Illinois. There are 22 tenants that occupy the 15 buildings. (more…)
Comments Off on Darwin Announces Two New Leases at DCT Business Center in Elgin
Elmhurst, Illinois – January 19, 2016 – Darwin Realty is pleased to announce two new leases totaling 291,000 square feet on behalf of DCT Industrial within DCT Business Center Elgin. (more…)
Comments Off on Retracing Steps: Chicago Market Left With Large Industrial Foot Print at Year End
Darwin Realty’s Noel Liston was recently quoted in an Illinois Real Estate Journal article on the state of the Chicago Industrial markets. Read the entire article by clicking the link below:
Comments Off on Darwin Realty Clients Renew at Cermak Location
(Elmhurst, Illinois – December 11, 2015) Principal Dan Fanelli, SIOR, and Managing Broker eorge Cibula, SIOR, of Darwin Realty have completed two renewal leases at a two-tenant property at 2101-2171 W. Cermak Road in Broadview, IL. (more…)
Comments Off on Darwin Realty Sells Free-Standing Kane County Property
(Elmhurst, Illinois – December 4, 2015) Darwin Realty is pleased to announce that it has facilitated the sale of 1616 Berkley Street, Elgin, Illinois. (more…)
Comments Off on Darwin helps expanding freight forwarder to find new site
(Elmhurst, Illinois – August 3, 2015) – Darwin Realty & Development is pleased to announce that Jeff Provenza represented the developer/investor Venture One Real Estate in the acquisition of 1070 North Point Boulevard, Waukegan, Illinois. (more…)
Comments Off on Darwin Realty sells three industrial buildings in Broadview to a single user
(Elmhurst, Illinois) – Darwin Realty is pleased to announce the disposition of three buildings in Broadview, Illinois to Real Trucking, a subsidiary of Real Group, LLC. The company owns a dry van freight carrier operation that services United States and Canada with locations in Chicago and New Jersey. (more…)
Comments Off on Darwin Realty represents manufacturing company in Glendale Heights acquisition
(Elmhurst, Illinois – August 24, 2015) –Darwin Realty is pleased to announce the acquisition of a 48,663-square foot building located at 999 Regency Drive in Glendale Heights, Illinois. Darwin President Richard G. Daly, SIOR represented the purchaser, Robert C. Weisheit Co., Inc. who acquired the property for the expansion and relocation of his high-tech manufacturing business.
Comments Off on Darwin Realty announces investment sale of 167,000 square feet in Carol Stream, Illinois to Industrial Property Trust
Darwin Realty has announced the investment sale of 167,000 square feet at 205 Della Court, Carol Stream, Illinois. The building and property is leased for 8+ years to FedEx Ground. The purchase price was in excess of $20,000,000. Noel S. Liston, Principal and Doug Pilcher, Associate, of Darwin Realty represented the purchaser, Industrial Income Trust, and the seller, a private partnership, in the sale of the fully-leased building situated on 20 acres of land. The building was constructed in 1999 and contains 86 exterior docks in a cross-dock configuration along with 250+ trailer positions and 28’ clear ceilings throughout.
