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 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 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 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 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 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 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 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 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 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 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…)