JLL Completes Lease in Scottsdale, AZ for Soilworks World HQ

  

Riverwalk Arizona Corporate Campus, 7580 North Dobson Road, Scottsdale, AZ

John Pierson

 PHOENIX, AZ– On behalf of Arizona-based Soilworks, the Phoenix office of JLL has completed a Class A office lease in Scottsdale, Ariz. that establishes a new world headquarters for the company – a leader in dust control and soil stabilization technology.

Soilworks moved into its new headquarters space this month. The location, at 7580 N. Dobson Road in Scottsdale, sits just east of the Loop 101 freeway within Riverwalk Arizona, a $400 million, Class A corporate campus slated for up to 1.5 million square feet of high-end office and retail space.

JLL Managing Director John Pierson and Associate Trevor Pratt represented Soilworks in the transaction. The landlord, The Alter Group, was represented internally by Justin Miller.

"This is a natural progression for our company and one that we’re excited to make," said Chad Falkenberg, founder of Soilworks. “It caps off one of the best years our company has ever had.”

“This lease provides Soilworks with an efficient, comfortable and central headquarters location with top notch accessibility for clients and employees,” said Pierson.

Trevor Pratt

“It is the perfect example of a growing Phoenix business that is using one of our Valley’s vibrant, Class A corporate environments to build connections and opportunity.”

In addition to its new Scottsdale headquarters, Soilworks also operates a production facility in Chandler, Ariz. 

The Chandler property remains home to the company’s large-scale heavy industrial production plant, equipment yard, warehouse and 26-car rail spur.

Get to know Soilworks better at www.soilworks.com or call 1-800-545-5420.

For a complete copy of the company’s news release, please contact:

Stacey Hershauer

focusAZ

Marketing & Public Relations

(480) 600-0195

www.focusaz.com

NAIOP SoCal Announces 2015 Executive Committee and Board of Directors

Tom Wulf

Costa Mesa, CA – NAIOP SoCal, the leading organization for developers, owners and investors of office, industrial, retail and mixed-use real estate, announced its 2015 Executive Committee and Board of Directors.

The 40-person board includes representatives from a diverse array of the commercial real estate industry’s most successful companies.

The 2015 NAIOP SoCal Executive Committee is comprised of President Tom Wulf, Lowe Enterprises Real Estate Group; President-Elect and Sponsorship Chair Kevin Jennings, Bank of America Merrill Lynch; Vice President and Sponsorship Vice Chair Lance Ryan, Watson Land Company; Treasurer James V. Camp, Starwood CPG Operations; Secretary and Membership Advisor Jeff Moore, CBRE; Programs & Education Liaison Pamela L. Westhoff, Sheppard Mullin Richter & Hampton; and Past President Jim Proehl, PM Realty Group.

“The real estate industry in Southern California is one of the most competitive markets in the nation,” said Wulf. “NAIOP SoCal members understand that they must stay on the cutting edge of this constantly changing industry in areas such as capital markets, legislation, development trends, tenant demands and technology.

“This organization strives to support its members who range from entry-level to high-level C suite executives, and I am proud and honored to take the helm this year.”

Angela Azizian

Serving alongside the Executive Committee is NAIOP SoCal’s 2015 Board of Directors including: Rob Antrobius, Prologis; Angela Azizian, GE Capital Real Estate; Kevin Burkhalter, Walker & Dunlop; John Casasante, Deutsche Asset & Wealth Management; Ronda Clark, JLL; Drew Emmel, Allen Matkins; Darren Foster, Auction.com; Kevin Hayes, Lincoln Property Company; Aaron Hill, Bixby Land Company; Eric Hinkelman, Voit Real Estate Services; Mike Hodges, Irvine Company Office Properties; John Hollingsworth, Colliers International; Fran Inman, Majestic Realty Co.; Kevin Ivey, KPRS Construction Services, Inc.; Ryan Jones, Goodman Birtcher; Lillian Kuo, Shea Properties; Ray Lawler, Hines; Kevin MacKenzie, HFF, L.P.; Patrick Maloney, Circle Industrial; Gregory May, Newmark Grubb Knight Frank; Justin McCusker, C.J. Segerstrom & Sons; James McFadden, Cushman & Wakefield; Scott McPherson, U.S. Bank; Steve Muller, The Muller Company; Susan Orloff, Ryan; Russ Parker, Parker Properties; John Premac, Chicago Title Company; Scott San Filippo, Greenlaw Partners; Alison Vukovich, LBA Realty; Stephane M. Wandel, The Boeing Company; Clark Welton, Ernst & Young; and David Wensley, Cox, Castle & Nicholson LLP.

For a complete copy of the company’s news release, please contact:

Darcie Giacchetto

Spaulding Thompson & Associates

949.278.6224

Essex Realty Group, Inc. Promotes Jordan Gottlieb to Managing Director

Jordan Gottlieb

CHICAGO, IL -- Essex Realty Group, Inc. is pleased to announce the promotion of Jordan Gottlieb from Director to Managing Director.

Jordan has been with Essex since 2008 and in that time has brokered the sale of over $200,000,000 of investment property throughout the Chicagoland area. 

According to Doug Imber, President of Essex, “Jordan has not only been effective in completing transactions, but more importantly, he has done so with the integrity and commitment to his clients that represent the values we promote at Essex.”

Essex Realty Group, Inc. specializes in the sale of investment real estate throughout the Chicago metropolitan area.

For a complete copy of the company’s news release, please contact:

Douglas Fisher

Essex Realty Group, Inc.

773.305.4910

dougfisher@essexrealtygroup.com

www.essexrealtygroup.com

Essex Realty Group Brokers the Sale of a 15-Unit Multi-Family Building in Chicago, IL

8057 Carpenter Street Apartments, Chicago, IL

Brian Kochendorfer

 CHICAGO, ILLINOIS – Friday January 30, 2015 - Essex Realty Group, Inc. is pleased to announce the sale of 8057 S. Carpenter St.

The property was built in 1928 and consists of one bedroom and one bathroom units. The property was recently rehabbed in 2013-2014. Upgrades to the building include: new boiler, new hot water tank, newer windows, doors and new porches.

The sale price was approximately $335,000.

Brian Kochendorfer was the broker on the transaction.

Essex Realty Group, Inc. specializes in the sale of investment real estate throughout the Chicago metropolitan area.

For a complete copy of the company’s news release, please contact:

Douglas Fisher

Essex Realty Group, Inc.

773.305.4910

dougfisher@essexrealtygroup.com

www.essexrealtygroup.com

$14.94 million sale of Multifamily Portfolio in South Beach, FL Facilitated by Marcus & Millichap

Lincoln Palms Apartments Portfolio, 1600 Meridian Avenue, South Beach, Miami Beach, FL

Arthur Porosoff

MIAMI, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Lincoln Palms, a portfolio of five multifamily parcels totaling 66 units located off Lincoln Road in Miami Beach, Fla.

 The portfolio sold for $14,940,000, which equates to $226,364 per unit.

            Arthur Porosoff, vice president investments in Marcus & Millichap’s Miami office, represented the seller, a private investor from New York.

Joseph P. Thomas, vice president investments, and Frank Fausone, associate, both in the firm’s Fort Lauderdale office, secured the buyer, a private investor from Miami.

“The Lincoln Palms Portfolio was an opportunity to purchase a property with ‘in- place’ cash flow and continue to operate it as an apartment building in Miami-Dade County’s highest appreciating submarket,” says Porosoff.

Joseph P. Thomas

“The portfolio’s excellent location, below-market rents and capital improvement possibilities provide many revenue enhancement opportunities,” adds Thomas.

Located at 1600 Meridian Avenue in Miami Beach, Fla., the properties are situated on an over one-acre lot in South Beach just steps from Lincoln Road.

 Lincoln Palms consists of five two-story garden-style buildings totaling 66 units.

The community comprises 35 studios, 28 one-bedroom apartments, two two-bedroom apartments and one four-bedroom townhouse. 

Apartments feature ceramic tile and solid oak wood flooring, wall air-conditioning units and walk-in closets.

Some units feature private patios or balconies. All five buildings have a connected courtyard that offers multiple sitting areas and bicycle racks for residents.

For a complete copy of the company’s news release, please contact:

Gina Relva

Public Relations Manager                                              

(925) 953-1716

Manhattan, NY Apartment Building Sale Brings $12.6 Million

425--431 West 205th Street, Inwood Neighborhood, Manhattan, NY

Peter Von Der Ahe

NEW YORK, NY – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of 425-431 West 205th St., a six-story, 72-unit elevator building in Manhattan’s Inwood neighborhood.

The $12,600,000 sales price equates to $175,000 per unit.

            Peter Von Der Ahe, Scott Edelstein, Seth Glasser and Rafi Moskowitz, in Marcus & Millichap’s Manhattan office, represented the seller, a private individual from Florida, and the buyer, a family partnership based in Westchester.

            “The property is a low-maintenance, fully rent-stabilized building that was on the market for the first time in 30 years,” says Von Der Ahe.

“What makes this property unique is that half of the units have one-and-a-half or two bathrooms, which is a rarity in this neighborhood,” notes Glasser.

Scott Edelstein

The property is easily accessible from the No. 1 and A subway lines and recently received a new roof, elevator cab and mechanicals. A cellular antenna on the roof produces additional income. 

The unit mix is 37 one-bedroom units and 35 two-bedroom apartments.

For a complete copy of the company’s news release, please contact:

Gina Relva

Public Relations Manager                                              

(925) 953-1716

Tampa, FL Multifamily Portfolio Brokered by Marcus & Millichap Sells for $8.15 Million

Country Square Villas, Tampa, FL

TAMPA, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of a two-property, 209-unit, 118,900-square-foot multifamily portfolio in Tampa, Fla.

The properties, Country Square Villas and Candlewood I Apartments, sold for $8.15 million, which equates to $38,995 per unit.

            Country Square Villas is a 146-unit multifamily community built in 1981 and Candlewood I Apartments is a 63-unit apartment complex constructed in 1983. The multifamily commercial real estate assets are two miles apart.

Candlewood Apartments, Tampa, FL

            Frank Carriera and Michael Regan, vice presidents investments in Marcus & Millichap’s Tampa office, represented the seller and the buyer.

“Both properties have received significant capital improvements,” says Carriera. “The buyer was attracted to the strong returns Cardinal Properties tend to produce,” adds Regan.

            Located at 8401 Aiken Court on 4.46 acres, Country Square Villas consists of 21 one-story residential buildings featuring 22 studio apartments, 103 one-bedroom/one-bath units, 15 two-bedroom/one-bath apartments and six two-bedroom/two-bath units.

Frank Carriera

Amenities include washer/dryer connections in all one- and two-bedroom units, two on-site laundry facilities, private fenced-in patios and an on-site leasing office. All apartments have individual heating and air conditioning.

            Candlewood I Apartments is located at 5958 Oak River Drive and features eight one-story residential buildings with 11 studio apartments, 45 one-bedroom/one-bath units and seven two-bedroom/one-bath apartments.

For a complete copy of the company’s news release, please contact:

Gina Relva

Public Relations Manager                                              

(925) 953-1716

Richard Montana and Hal Kern Join Marcus & Millichap as Directors of the National Multi Housing Group

Richard Montana

GREENSBORO, NC – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, is pleased to announce that Richard Montana and Hal Kern have joined the firm’s National Multi Housing Group as directors responsible for expanding services to clients in the Carolinas and throughout the Southeast.

            “We are very pleased that Richard and Hal have joined our team in the Carolinas,” says Raj Ravi, regional manager of Marcus & Millichap’s Charlotte Uptown and Greensboro offices.

 “Their leadership and long-standing relationships with a wide range of investors throughout the Carolinas will help us expand our base in North Carolina, South Carolina and extend our services to more clients throughout the Southeast.”

            In their new roles, Montana and Kern will continue to focus on multifamily property investment sales on behalf of clients. Together, they have been involved in more than $300 million in transactions.

Hal Kern

            Prior to joining Marcus & Millichap, Montana was vice president with CBRE’s Carolinas Multifamily Group. Before that, he represented commercial real estate investment clients throughout the Carolinas with Alliance Commercial Properties. 

            A 10-year industry veteran, Kern is a former vice president and co-lead of CBRE’s private capital multi-housing practice. Prior to joining CBRE, he arranged property acquisitions and dispositions on behalf of clients with Brown Investment Properties.

Richard Montana can be reached at (336) 587-8269. His email address is Richard.Montana@marcusmillichap.com.

Hal Kern can be reached at (336) 908-4775 and his email address is Hal.Kern@marcusmillichap.com. Montana and Kern are located in Marcus & Millichap’s Greensboro office.            

For a complete copy of the company’s news release, please contact:

Gina Relva

Public Relations Manager                                              

(925) 953-1716

$16 Million Skilled Nursing Facility Sale Arranged by IPA in Dunkirk, NY

Chautauqua County Home Nursing Facility, Dunkirk, NY

Joshua Jandris

DUNKIRK, NY – Institutional Property Advisors (IPA), a division of Marcus & Millichap Inc. specializing in serving institutional and major private real estate investors, is pleased to announce the sale of the Chautauqua County Home, a 133-room, 216-bed skilled nursing facility located near Lake Erie in Dunkirk, N.Y.

The investment real estate asset sold for $16 million or $74,000 per bed.

            “Chautauqua County Home is a large facility with a significant number of beds, robust revenues, high historical occupancy and an attractive physical plant with new and extremely efficient mechanical systems,” says IPA senior director Joshua Jandris.

“Operationally, the facility was losing money,” notes IPA executive director Mark Myers. 

“The buyer plans to implement significant positive changes that will convert the negative cash flow into a profitable operation.”

Mark Myers

Jandris and Myers represented the seller, Chautauqua County, and procured the buyer, a growing regional provider with a handful of facilities in upstate N.Y. J. D. Parker, first vice president in Marcus & Millichap’s Manhattan office, is the firm’s broker of record in New York state.

Chautauqua County Home is less than two miles from downtown Dunkirk. The facility is set on a large, wooded parcel abutting a creek, vineyards and a nature sanctuary.

The 65-bed Brooks Memorial Hospital and the Village of Fredonia, home to the State University of New York at Fredonia, are nearby. 

Constructed in 1960 on 30 acres, the property was upgraded between 2001 and 2003 with a new entryway and lobby, and four additions that increased the facility’s size from 106,740 square feet to 154,232 square feet.

 In 2010, the replacement of the facility’s boilers, hot water tanks and energy controls was completed.

For a complete copy of the company’s news release, please contact:

Gina Relva

Public Relations Manager                                              

(925) 953-1716

HFF closes $136.5 million sale of 12-building Class A Silicon Valley office and R&D park

Tech Park at Freedom Circle, 2518-2560 Mission College Boulevard
and 3900-3990 Freedom Circle in the center of Silicon Valley. Santa Clara, CA

Steven Golubchik

SAN FRANCISCO, CA – HFF announced it has closed the $136.5 million sale of Tech Park at Freedom Circle, a 12-building, Class A, suburban office and research and development park totaling approximately 427,873 square feet in Silicon Valley’s Santa Clara, California. 

                The seller, Legacy Partners, who purchased the asset in a joint venture with AllianceBernstein’s Real Estate Group in 2013, was represented by HFF in the transaction. 

The 12 one- and two-story, steel-reinforced buildings that comprise Tech Park at Freedom Circle are located on 25.74 acres at 2518-2560 Mission College Boulevard and 3900-3990 Freedom Circle in the center of Silicon Valley. 

The property sits at the intersection of Highway 101 and Great America Parkway within walking distance to Santa Clara Valley Transportation Authority bus service for easy connection to light rail.  

Michael Leggett

Park amenities include an outdoor bocce ball court, outdoor collaborative meeting areas, on-site café with corporate catering, electric vehicle charging station and tree-lined walkways with quiet sitting areas. 

The park is 95 percent leased to 28 tenants in the telecommunications, hardware manufacturing, software programing, networking, publishing and biotechnology/life sciences sectors.

                The HFF investment sales team representing the seller included senior managing director and co-head of HFF’s San Francisco’s office Steven Golubchik and senior managing director and co-head of both the San Francisco office and HFF’s national office investment sales platform Michael Leggett. 

Also assisting with the deal were directors John Simerlein and Ben Bullock and senior analyst Josh DiSalle.

“This sale is a win/win for both sides,” said Steve Dunn, Senior Managing Director of Legacy Partners. “With our strong local team in place, Legacy capitalized on market momentum-- successfully and swiftly executing a project upgrade and strategic leasing plan well ahead of schedule.  Tech Park is a fantastic asset and undoubtedly will be a great addition to The Irvine Company’s portfolio.”

John Simerlein

“This is part of our ongoing, long-term investment in Santa Clara and Silicon Valley, where we have operated for 20 years,” said Hanns Lee, regional senior vice president overseeing the Irvine Company’s expanding portfolio of office workplaces in Northern California.

 “We will be integrating Tech Park at Freedom Circle into our office portfolio as another option for existing and potential customers.”  

                The Irvine Company recently completed Santa Clara Gateway, a 911,000-square-foot, six-building modern office campus at Great America Parkway and California 237.  

The project is 70 percent occupied and has attracted leading names including Dell, Square, Arista Networks and GlobalFoundries.  

The company currently is building the first phase of offices at Santa Clara Square, a 1.8 million-square-foot office campus where Ericsson will locate its Silicon Valley operations starting later this year.

                For a complete copy of the company’s news release, please contact:

Olivia Hennessey

Public Relations Coordinator

HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046

tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

ohennessey@hfflp.com

HFF arranges $57 million financing for 302-unit multi-housing community in downtown Denver, CO

One City Block Apartments, Downtown Denver, CO

Eric Tupler

DENVER, CO – HFF announced it has secured $57 million in financing for One City Block, a newly built, 302-unit, Class A multi-housing community in downtown Denver.

                Working on behalf of RedPeak Properties, HFF placed the fixed-rate loan with Cornerstone Real Estate Advisers LLC acting on behalf of an institutional client.  The loan proceeds will be used to replace the borrower’s existing construction loan.

One City Block encompasses a full city block bounded by East 19th Avenue to the north, Pennsylvania Street to the east, East 18th Avenue to the south and Logan Street to the west in downtown Denver’s Uptown neighborhood. 

Completed in January 2014, the property includes 207,598 rentable square feet of residential space and 10,035 square of ground floor retail.  

The four-story, LEED-certified property stabilized in less than a year and is 95 percent leased.

Josh Simon

 One City Block has a mix of studio, one- and two-bedroom floor plans and amenities including a lap pool with sun deck and hot tub, grilling areas, fire pit, sport court with practice putting green, four rooftop terraces, fitness center, yoga studio, game room with ping pong and pool table, demonstration kitchen, onsite bike repair shop and pet spa. 

                “This refinancing was a very pleasant experience for our organization.  HFF provided RedPeak with a wide range of very competitive options, and Cornerstone was terrific to work with. 

"  We look forward to doing more business with both parties in the future,” said Mike Zoellner from RedPeak Properties.

                The HFF team representing the borrower was led by senior managing director Eric Tupler, managing director Josh Simon and analyst Leon McBroom.

                For a complete copy of the company’s news release, please contact:

Olivia Hennessey

Public Relations Coordinator

HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046

tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

ohennessey@hfflp.com

www.redpeak.com.

HFF arranges financing for 3-property hotel portfolio in Orlando, FL

Michael Weinberg

 ORLANDO, FL – HFF announced it has arranged financing for a three-property, 414-key hotel portfolio consisting of three select-service hotels in Orlando, Florida.

                The portfolio consists of 414 rooms, which includes the 124-key Residence Inn Orlando Convention Center at 8800 Universal Boulevard; the 167-key SpringHill Suites Orlando Convention Center at 8840 Universal Boulevard and the 123-key Hampton Inn Orlando International Airport at 5767 T.G. Lee Boulevard in Orlando.

 The hotels were all renovated in 2013 and 2014, and amenities include complimentary breakfast, business centers, fitness facilities and outdoor pools.

                The HFF debt placement team representing the borrower was led by director Michael Weinberg and real estate analyst Anthony Frogameni.

                “When you have top tier sponsorship like JHM Hotels with Marriott and Hilton brands, it creates a tremendous amount of interest from lenders,” Weinberg said.  “Tough to find a combination of location, conservative leverage request, sponsorship and flagships better than this portfolio represented.”

                For a complete copy of the company’s news release, please contact:

Olivia Hennessey

Public Relations Coordinator

HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046

tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

ohennessey@hfflp.com

www.jhmhotels.com.

$3.3 Million Sale of Landry’s Corporate Ground Lease in Destin, FL Brokered by Marcus & Millichap

Brian L. Rosen

DESTIN, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Landry's Corporate Ground Lease, 4.57 acres of land in Destin, Fla. The asset sold for $3,300,000.

Brian L. Rosen, a senior associate, in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the seller, a limited liability company from Coconut Grove, Fla. 

The buyer, a limited liability company from Fort Worth, TX, was secured and represented by Vincent Knipp, a vice president investments, in Marcus & Millichap’s Fort Worth office. 

“This opportunity provides a passive investment for a buyer looking to secure a strong credit tenant lease with over 10 years left and no management responsibilities in a strong and growing market in Florida's panhandle,” says Rosen.

Vincent L. Knipp

The ground lease is guaranteed by Landry’s corporate who owns over 40 brands including: Landry's Seafood, Chart House, Saltgrass Steak House, Bubba Gump Shrimp Co., Claim Jumper, Morton's The Steakhouse and more.

This investment asset is located at 14059 Emerald Coast Parkway which is the main retail corridor in Destin, Fla. It is lined with many other national retailers including: Walmart and Office Depot, along with many banks and restaurants.

For a complete copy of the company’s news release, please contact:

Ryan Nee

Regional Manager

Fort Lauderdale. FL

(954) 245-3400

Marcus & Millichap Arranges Sale of 18-unit apartment property in Lake Park, FL

Tal I. Frydman

LAKE PARK, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Evergreen Manor Apartments, an 18-unit apartment property located in Lake Park, Fla, according to Ryan Nee, regional manager of the firm’s Fort Lauderdale office.

The asset sold for $1,090,000.

Daniel J. Cunningham and Derek R. Gibbs, senior associates, and Tal I. Frydman, a first vice president investments, in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the seller, a limited liability company from Brooklyn, NY. 

Daniel J. Cunningham

Built in 1971, Evergreen Manor Apartments sits on a 0.67 acre lot.  The property consists of one two-story building with a unit mix of 17 one-bedroom/one and half bathroom units and one one-bedroom/one-bathroom unit. 

Within minutes of major shopping centers, public parks and local schools, Evergreen Manor Apartments is located east of I-95 and just west of Old Dixie Highway at 921 Evergreen Drive in Lake Park, FL.

For a complete copy of the company’s news release, please contact:

Ryan Nee

Regional Manager

Fort Lauderdale. FL

(954) 245-3400

Essex Realty Group Brokers the Sale of 6351 N. Lakewood Ave. in Chicago, Illinois

6351 North Lakewood Avenue, Chicago, IL

Douglas Fisher

 CHICAGO, IL -- Essex Realty Group, Inc. is pleased to announce the sale of 6351 N. Lakewood Ave. in Chicago, Illinois.

6351 N. Lakewood Ave. consists of 15 (of 25) residential condominiums and 6 (of 6) commercial units located within a 31-unit mixed-use walk-up building located in Chicago’s Edgewater neighborhood.

The property is located within two blocks of the Loyola University campus, and is within walking distance of Lake Michigan, the Loyola CTA Red Line station and multiple CTA bus stops along Devon Avenue and Broadway Avenue.

The sale price was approximately $1,600,000.

Doug Fisher and Jason Fishleder were the brokers on the transaction.

Essex Realty Group, Inc. specializes in the sale of investment real estate throughout the Chicago metropolitan area.

For a complete copy of the company’s news release, please contact:

Douglas Fisher

Essex Realty Group, Inc.

773.305.4910

dougfisher@essexrealtygroup.com

www.essexrealtygroup.com