NAI Hiffman Names Tenant Rep Specialist Aubrey Van Reken-Englund as Shareholder

Aubrey Van Reken-Englund

OAKBROOK TERRACE, IL, July 15, 2020 — NAI Hiffman, the largest independent commercial real estate services firm in the Midwest, today announced that tenant rep specialist Aubrey Van Reken-Englund was promoted to executive vice president and named a shareholder of the firm.

This honor is received through consistently being a top performer for many years and contributing to the greater good of the firm while embodying its core values of accountability, collaboration, integrity and innovation. Van Reken-Englund is NAI Hiffman’s first female shareholder.

Van Reken-Englund, who joined NAI Hiffman in 2008 as an associate broker, is well known for assisting a wide range of public, private and nonprofit companies in identifying and acquiring the ideal office space for their unique and individual needs and requirements, utilizing creative solutions through market knowledge and innovative strategies tailored to each assignment.

Michael Flynn

She has in-depth knowledge of the various Chicago office markets, in particular the East-West Corridor, Northwest Suburban and I-55 submarkets, as well as various markets outside Illinois.

“As a shareholder, Aubrey will have a voice in the continued evolution and success of the firm,” said Michael Flynn, co-founding principal and chief operating officer of NAI Hiffman.

“She’s a respected performer with considerable knowledge, tenacity and persistence who has developed her own diverse business base and clientele. She has also played an active role in mentoring junior brokers while growing the firm’s tenant representation practice.”

“I’m excited to join a distinguished group of leaders and shareholders at NAI Hiffman and am eager to continue building this extraordinary firm of real estate service professionals,” said Van Reken-Englund.

Illinois Special Olympics

“NAI Hiffman is dedicated to the mentoring and growth of all its employees and I’m a beneficiary of that leadership. I’m proud to have earned this position in the firm and look forward to helping other women in this industry be recognized for their achievements.”

Van Reken-Englund works with numerous commercial clients and her nonprofit clients include Our Children’s Homestead, School & Community Assistance for Recycling and Composting Education (SCARCE), Special Olympics of Illinois, The School Association for Special Education, DuPage Senior Citizens Council and Northeastern Illinois Agency on Aging.

A graduate of Northern Illinois University, Van Reken-Englund is a board member of DuPage Senior Citizens Council and an advocate and supporter of Special Olympics Illinois.

CONTACTS: 

Patty Cronin, pcronin@taylorjohnson.com, (312) 267-4513

Gretchen Muller, gmuller@taylorjohnson.com, (312) 267-4511

www.hiffman.com.

$18.25 Million FedEx Freight Terminal Listed by Marcus & Millichap in Aurora, IL

  

 AURORA, IL– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has received the exclusive listing for FedEx Freight East (top left photo), a 63,740-square foot FedEx freight terminal in Aurora, which is the second-largest city in Illinois and part of Chicago’s Naperville/Aurora metropolitan trade area.

The listing price of $18,250,000 equates to $286 per square foot.

Nick Manganais, an associate vice president investments in Marcus & Millichap’s Chicago O’Hare office, is representing the seller, an Illinois family partnership.

 “This FedEx freight facility is one of just 17 FedEx Priority freight terminals in Illinois,” says Manganais. “The facility was a build-to-suit for FedEx in 2003 and has an absolute corporate triple-net 15-year lease that began in January 2004. The lease had a 13 percent rent increase in year six (2009) and there is another one in year 11 (2014),” adds Manganais. “This is an investment-grade property with long-term cash stream potential.”

The property is located at 3883 Butterfield Road and is close to two major highways, Interstate 88 and Illinois Route 59. There is a population of 400,000 people and 250,000 employees within a seven-mile radius of the facility.

The office and industrial area and heavy residential and employee base surrounding Chicago’s O’Hare International Airport is approximately 30 minutes away.

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

Stacey Corso

Public Relations Manager

(925) 953-1716

HFF marketing for sale The North Shore Hotel in Evanston, IL

CHICAGO, IL – HFF announced today that it has been named to market for sale The North Shore Hotel (top left photo), a 185-unit independent living retirement community in Evanston, Illinois. 

HFF is marketing the property on behalf of the seller, IRMCO Properties & Management Corporation. 

The North Shore Hotel is situated on a 1.5-acre site at 1611 Chicago Avenue across the street from Whole Foods and within walking distance of Northwestern University in Evanston. 

Originally built in 1919, the property has a six-story main building plus a single-story retail building to the immediate north.  Units are offered in studio, one- and two-bedroom layouts as well as room-only options without kitchens.

 The 90 percent occupied property currently offers residents three meals per day, daily housekeeping services, bath and linen service and a 24-hour front desk attendant.

 Community amenities include a pool, library, billiard room, fitness center, movie theatre, arts and crafts studio, ice cream parlor, grand ballroom, computer lab and on-site medical services and Wellness Center.

The HFF investment sales team representing IRMCO is led by executive managing director Matthew Lawton and managing directors Sean Fogarty, Marty O’Connell, Ryan Maconachy (middle right photo), Brian Kelly and director Chad Lavender (middle left photo).

“Due to its outstanding location, the property also provides an adaptive re-use opportunity to student housing or conventional multi-housing investors,” said Lawton.

Contacts:

SEAN P. FOGARTY                                 

Managing Director                                      

(312) 528-3675                                         

sfogarty@hfflp.com                                     

KRISTEN M. MURPHY

HFF Associate Director, Marketing

(713) 852-3500

krmurphy@hfflp.com

Interstate Hotels & Resorts Signs Management Agreement for 473-room Pheasant Run Resort near Chicago, IL

ARLINGTON, VA and CHICAGO, IL, Jan. 5, 2012—Interstate Hotels & Resorts, the largest U.S.-based global  hotel management company, today announced that it has entered into an agreement to manage the landmark 473-room Pheasant Run Resort (top left photo), located just west of Chicago in historic St. Charles, Ill. 

The transition of operations, effective January 6, 2012, is expected to be seamless, with no interruption of services to guests. 

“We look forward to having Interstate Hotels & Resorts as manager of Pheasant Run,” said David A. McArdle, president of Oakbrook Companies.  “Interstate’s experience in operating large resorts and convention hotels will be key to increasing sales and building on the resort’s 50 years of hospitality excellence.”

Nestled on a 250-acre setting in the scenic Fox River Valley, the Chicagoland hotel is easily accessible from both Chicago O’Hare International (middle right photo) and Midway airports and is located near Dupage Airport. 

Accommodations range from spacious courtyard rooms with expansive views to lavish penthouse level suites and two-story whirlpool suites.

 The resort features a number of unique amenities, including Zanies Comedy Club, two theaters and five dining options, from casual to upscale, as well as more than 100,000 square feet of meeting space.  Additionally, guests can enjoy Mario Tricoci Hair Salons & Day Spas and 36 holes of golf on two award-winning courses.

Contact:

Jerry Daly, Lauralee Dobbins                         Carrie McIntyre

Media                                                                 SVP, Treasurer

Daly Gray                                                           Interstate Hotels & Resorts

(703) 435-6293                                                (703) 387-3320

Lauralee@dalygray.com                                 carrie.mcintyre@ihrco.com

 Patrick Daly

Account Supervisor

Daly Gray, Inc.

patrick@dalygray.com

Office:  (703) 435-6293

Cell:  (703) 300-8289

Grubb & Ellis Represents Campus Living Villages in $38 Million Refinance

CHAMPAIGN, IL – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, announced that Jim Adams, executive vice president and member of Grubb & Ellis’ Debt & Equity Finance group, represented Campus Living Villages in refinancing a $38 million loan on Illini Tower (top left photo). 

Campus Living Villages, a global leader in student housing, operates the 16-story property, which is located at 409 E. Chalmers St., adjacent to the University of Illinois Urbana–Champaign.  The loan on Illini Tower is through a CMBS lender.  Terms of the refinance included a 10-year fixed rate loan with a 70 percent loan to value ratio.

 With 43 years of history on the University of Illinois campus, Illini Tower, a Private Certified Housing Facility, has drawn generations of families for its prime location and blend of residence hall community life with suite-style floor plans, ranging from open studios to four-bedroom, two-bath units. 

Since acquiring the 725-bed property in June 2008, Campus Living Villages has introduced superior academic and social offerings through its Live, Learn, Grow residential life programming model, acclaimed dining at the 276-seat Piazza Fresca, plus a full-range of preferred amenities. 

A $1 million renovation of public and exterior spaces was completed in spring 2011.

 Contact: Julia McCartney, Phone: 714.975.2230                                     

Email: julia.mccartney@grubb-ellis.com          

Grubb & Ellis Selected to Market Interstate Transportation Center in Rochelle, IL

ROSEMONT, Ill. (May 12, 2010) – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that it has been selected by Black Earth Companies to market Interstate Transportation Center, a 200-acre industrial park featuring a direct connection into the Global III Intermodal Terminal in Rochelle.(top left photo)

John Basile, associate vice president, and Frank Melchert, senior associate, both in the Food & Cold Storage practice group, and Chris Lydon, senior vice president in the Global Logistics Group, are responsible for marketing the park.

“With its conventional and intermodal rail service to BNSF and Union Pacific rail lines and direct access to I-39 and I-88, Interstate Transportation Center is one of the best possible options for logistics and food/cold storage users in the Chicago area,” said Basile. “Essentially, users can potentially reach 80 million people within a 24-hour time period.”

Interstate Transportation Center has build-to-suit warehouse/distribution opportunities available ranging from 100,000 square feet to 1 million.

The park is considered a Foreign Trade Zone/Port of Entry and features flexible site plan and building configurations. Offering the lowest combined gas and electric costs in the Midwest, the greater Rochelle area hosts 5 million square feet of space currently used by food-related industrial users.

For more information, contact Basile at 847.655.8483 or john.basile@grubb-ellis.com or
Erin Mays, Phone: 312.698.6735, Email: erin.mays@grubb-ellis.com

Marcus & Millichap Sells 181-Unit Apartment Community in Elgin, IL for $16.1M

ELGIN, IL – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has arranged the sale of Squire Village, (top right photo) a 181-unit multi-family community in Elgin.

The sales price of $16.1 million represents $88,950 per unit.

Scott Harris, senior vice president investments in the Oak Brook office of Marcus & Millichap represented the seller, Illinois Elgin LP.

The buyer was represented by Harris and L. Matthew Hare, a senior associate in Marcus & Millichap’s Indianapolis office.

The city of Elgin and Cook County assisted in the transaction by providing a portion of the financing for the property.

“Squire Village is a well-positioned asset in a stable market,” says Harris. “There is a significant demand for affordable market-rate rental housing in the Elgin area and this property should continue to profit from this demand.”

Located at 1146 Yew Court, the 271,810-square foot apartment community is situated on a 15.06-acre parcel with easy access to Interstate 90, two miles east of Elgin Metra Station, and within close proximity to shopping, employment and new development.

The unit mix at the property consists of 22 one-bedroom/one-bath units averaging 1,190-square feet; 69 two-bedroom/1.5-bath units averaging 1,575-square feet, 77 three-bedroom/1.5-bath units averaging 1,495-square feet; and 13 four-bedroom/1.5-bath units averaging 1,680-square feet.

Approximately 50 percent of Squire Village’s tenants use Section 8 vouchers.

Press Contact: Stacey CorsoCommunications Department(925) 953-1716