Oakbrook Terrace, Ill. (July, 2019)— The Cawley Chicago O’Hare industrial team has arranged the sale of a 39,650 square foot industrial facility in Mount Prospect for an undisclosed price. Located in the heart of the O’Hare market at 2200 S. Busse Road, the facility offers 22 feet clear height, abundant parking and both showroom and warehouse office space. Andrew Maletich, Matt Garland and Dustin Albers represented the undisclosed buyer in this transaction. Patrick Turner, with Colliers International represented the seller.
Oakbrook Terrace, Ill. (July, 2019) — The Cawley Chicago office team has closed three lease transactions at 1111 E. Touhy Ave in Des Plaines, IL known as the O’Hare Offices. In the first transaction, Cawley Chicago secured a long-term lease for 10,153 square feet of space to architect and engineer firm Kellermeyer, Godfryt Hart who was represented by Andrew Kaplan with CBRE. A second lease was signed with RelaDyne for 6,346sf represented by Kevin Segerson and Dan Graham with CBRE. Lastly, a deal totaling just under 1,000sf was completed, direct with the tenant by Ryan Freed, Tony Russo and Rawly Lantz of Cawley Chicago.
“O’Hare Offices continues to be one of the most active in the market. That being said, Siete7 and Cawley Chicago plan to roll out new amenities and property enhancements this summer along with tenant incentives for the Summer of 2019” says Russo, Principal at Cawley Chicago. With the completion of these three lease transactions, Cawley Chicago has removed 22 years of vacant space from the market.
Oakbrook Terrace, Ill. (July, 2019) — Cawley Chicago completed four new suburban leases totaling over 10,300 square feet of office space at Woodland Park in Burr Ridge, IL. All four lease deals were done direct with the Landlord who was represented by Rawly Lantz, SIOR, Tony Russo and Ryan Freed. The completed lease deals brings this office complex to over 95% occupied.
Oakbrook Terrace, Ill. (June 2019) — Cawley Chicago’s Urban Development team is pleased to announce the new and exclusive listing located at 1727 Grand Avenue in Chicago’s West Town. This 4,000 square foot, free standing building offers first floor flex space with live/work apartment on the second floor. The property offers endless potential and is conveniently located minutes from Ashland and Damen Avenues in the highly sought-after River West neighborhood. Zach Pruitt and Nicholas Schaefer are the listing brokers representing ownership.
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Oakbrook Terrace, Ill. (June, 2019)— The Cawley Chicago office team completed the sale of a 6,135 square foot office building located at 1225 Warren Avenue in Downers Grove for $749,0000. Justin Harris and Rawly Lantz marketed the property and sold it to buyer, All Creatures Great and Small Veterinary Practice. “The new owners, who are relocating from down the street, plan to demo the existing site and replace it with a new veterinary office and continue to serve Downers Grove for many years to come,” said Harris. Harris and Lantz represented the seller, Prince Pond Investments in the transaction.
Oakbrook Terrace, Ill. (May 2019)— Cawley Chicago’s Urban Development team, Zach Pruitt and Nicholas Schaefer are pleased to announce a new development opportunity to the market located at 3201 N. Damen Avenue. This 12,094 square foot, hard-corner site is perfectly located in one of Chicago’s most desired neighborhoods, Roscoe Village “The property is situated on the corner of Belmont and Damen Avenue providing maximum exposure to over 35,000 vehicles per day,” says Pruitt. Along with the prime location, the site also offers favorable in-place zoning and strong demographics making this an ideal development opportunity.
The Cawley Chicago O’Hare Industrial Team, consisting of Principal Andrew Maletich, Vice President Matt Garland and Associate Dustin Albers recently assisted Jervis B. Webb Company in securing a new lease at 2050 S. Mount Prospect Rd in Des Plaines, IL.
Frank Melchert and Stevan Arandjelovic with Cawley Chicago represented seller, MPC Real Estate, LLC on the sale of a 43,325 square foot industrial property in Chicago, IL. This free-standing building is located at 4834 S. Oakley Avenue and situated on 1.83 acres of land. “The property offered additional amenities including fenced parking and outside storage which was attractive to the buyer,” said Arandjelovic. Draper and Kramer represented the buyer, Bridgewater Studio Inc in this transaction.
Frank Melchert and Stevan Arandjelovic helped facilitate the sale of a 70,000 square foot industrial building located on Karlov Ave in Chicago, IL. This hard to find, free standing building, offered off street parking and good loading.