Thursday, December 8, 2022

McHugh Construction – Builder of Chicago’s Iconic Marina City, St. Regis Chicago and Navy Pier Centennial Wheel – Celebrates 125 Years in Business with $125,000 in donations and commemorative window display of historical projects

 

Patricia McHugh

CHICAGO, IL, Dec. 8, 2022 — Joining an elite group of successful family-run businesses whose work has spanned across two centuries, McHugh Construction has marked its 125-year anniversary by donating $125,000 to a variety of organizations and installing commemorative window displays of some of its most iconic projects throughout history at its headquarters at 1737 S. Michigan Ave. in Chicago’s South Loop.

 

“We’re incredibly grateful to have played such a vital role in building Chicago’s world-famous skyline, and we’re thrilled to give back to the city that has given us so many amazing opportunities,” said Patricia McHugh, chairman of McHugh Construction and fourth generation leader of the firm.


James D. McHugh

 “We wouldn’t be here today without all the hard work of the generations of men and women who have labored on McHugh-built iconic structures over the past 125 years.”

 

In honor of its anniversary, McHugh’s monetary contributions and employee volunteer efforts benefitted the following organizations:

 

 HIRE 360, The 100 Club of Illinois, Cole Chabad, ACE Mentor Programs, Refugee One, SOS Children, March of Dimes, John Buck Company Foundation, The Community Builders, Chicago Blackhawks Charities and ReVive Center for Housing and Healing.

 

Founded by James D. McHugh in 1897, just four years after the World’s Columbian Exposition, McHugh Construction has grown from a bricklaying business to one of the largest general contractors in the Midwest.


James P. McHugh 

And in the past few years, the company has seen tremendous growth, entering new markets such as Nashville and Miami. The founder’s great granddaughter Patricia McHugh now leads the company as chairman.

 

McHugh first gained momentum as a general contractor in the early 21st century. By the late 1930s, McHugh had completed an ornate theater in Cicero, Ill., and a municipal building in Berwyn, Ill.

 

 Following World War II, the firm tackled even larger and more ambitious projects. By the 1960s, the McHugh name had garnered world-wide fame for its innovative approach to building Marina City, the first urban high-rise residential complex in the U.S.

 

James P. McHugh, grandson of founder James D. McHugh, led the effort to construct Chicago’s iconic “corncob” towers at Marina City.


Michael Meagher

The complex of two 587-foot, 65-story apartment towers, a 10-story hotel and a saddle-shaped auditorium building was built on a raised platform along the Chicago River.

 

 Marina City was the first building in the country to be constructed with the Linden climbing tower cranes, which are still used today to build high-rises.

 

“People used to ask Jim how he could do the Marina City project,” said Michael Meagher, president of McHugh Construction.

 

 “At the time, it was the tallest cast-in-place concrete structure in the world, and he had this great saying, ‘If we can do seven floors, we can do 60.’ It is that sort of risk-taking that has been a staple of our company.

 

 "We have become known as the contractor that can do innovative projects because we look at challenges fearlessly.”

 

With that vision, the firm subsequently served as concrete contractor for Water Tower Place in 1976 and Two Prudential Plaza in 1988, both of which were also the tallest reinforced concrete structures in the world when they were built.


Brett Szabo

 In all, McHugh has poured concrete for eight of Chicago’s 10 tallest concrete buildings.

 

McHugh’s impact can be felt everywhere in the contractor’s hometown, whether it be catching a game at the United Center where the firm was responsible for over a dozen projects including the massive East Addition, celebrating a night out at the beautiful Gibson’s Italia, or taking in a show at the Goodman Theatre or Civic Opera House. 

 

McHugh has given new life to landmarked buildings and restored a majority of Chicago’s hotels, including major renovation projects for the city’s five-star destinations like the recently completed Four Seasons Hotel. 

 

In the mid-80s McHugh constructed Presidential Towers, igniting the area’s transformation into the neighborhood we now know as the West Loop.


 Presidential Towers, West Loop
Chicago, IL

McHugh continues to build numerous luxury condominium towers in the now booming neighborhood, along with McDonald’s Global Headquarters. Some of the Chicago skyline’s most recent stars – St. Regis Chicago, NEMA and Aqua at Lakeshore East – have been built by McHugh. 


McHugh headquarters at
1737 S. Michigan Avenue
in Chicago’s South Loop


“How cool is it to be part of a company that positively impacts so many people, not only during the building process but also for the generations of people who will benefit from the structures and spaces we build,” said Patricia McHugh.

 

“Our work has long-lasting benefits for everyone who lives, works and plays in the city. It’s a privilege to do what we do.”


At Marina City, the first urban high-rise
 residential complex in the U.S.,
 McHugh was the first to use
Linden climbing tower cranes,
 which are still used today
to build high-rises.

A lifelong South Side company, McHugh moved its headquarters in the early 2000s from McCormick Square’s growing campus to a historic building located on “Motor Row,” where the loyalty of the employees rivals only that of its neighborhood baseball team.

 

The longevity of McHugh employees is rarely seen these days, with many serving the firm for 30-, even 40-plus years.

 

With more than 350 team members, McHugh Construction and McHugh Concrete Construction are currently involved in more than 1 million square feet of active construction work across multiple property types, including Class A residential towers, affordable housing communities, luxury hotels, office buildings, entertainment venues, sports complexes and healthcare facilities.


 McHugh Construction completed
construction of the Navy Pier
Centennial Wheel in
 2016
 

In 2019, McHugh Concrete Construction officially began operating as a separate company under the McHugh Enterprises umbrella to better focus on clients’ concrete needs.

 

As one of the first contractors in the world to use proprietary green concrete for high-rise construction, McHugh Concrete recently poured a new low-carbon concrete mix on The Reed, a 41-story residential tower in Chicago.

 

As a result, embodied carbon in the project’s concrete was reduced by up to 40% relative to baseline mixes. McHugh Concrete looks forward to driving continuous innovation and improvement to the efficiency and environmental friendliness of concrete.

 

“Early in my career I was at other companies, and I’d hear ‘that’s how we’ve always done it,’ and I could never accept that,” said Brett Szabo, president of McHugh Concrete. “If we did that as a company, we’d fall behind.

 

"At McHugh Concrete, we’re always improving and adapting – even if it’s only a fraction of a percentage from day to day – as that’s what keeps a company going and positioned for the future.”


 McHugh Construction completed
construction of the $1 billion
St. Regis Chicago, the city’s
third-tallest building, i
n 2021


As for the future, the McHugh family of companies will continue the core values of honesty and integrity as well as its commitment to diversifying the industry. “Patty‘s father Jim was instrumental in getting the first minority workers into the ironworkers union, which was a great moment for progress,” said Meagher.

 

“We recently cofounded Hire 360, the newest platform that includes developers, contractors and unions working together to get more minorities in the trades and help minority businesses prosper.”

 

With a 125-year anniversary video currently in production and scheduled to be released before the end of the year, McHugh’s leadership team is now looking toward the future and envisioning what the next 125 years will look like for the firm and for Chicago’s skyline.

 

·       Some of McHugh’s current projects include:

 

·       the 74-story 1000M on one of the last undeveloped Michigan Avenue lots across from Grant Park; three residential towers in the West Loop: the 34-story Cassidy on Canal, 16-story Embry and 28-story 225 Elizabeth;

 

·       Platform 4611, a nine-story mixed-use apartment building in Chicago’s Uptown neighborhood steps from the Wilson CTA stop; 43 Green, a 10-story equitable transit-oriented, mixed-income, mixed-use project in Chicago’s Bronzeville neighborhood near the 43rd Street CTA station;

 

·       Howard Brown Health Clinic, a five-story healthcare facility and medical office building on Chicago’s North Side; FanDuel Sportsbook, a 13,000-square-foot sports betting venue at the United Center; the historic renovation of the Ramova Theater in Chicago’s Bridgeport neighborhood; and FlyOver in Chicago – an indoor flying ride coming to Chicago’s historic Navy Pier in spring 2024.



 

CONTACTS:

 

Paula Widholm, pwidholm@taylorjohnson.com, 

(312) 267-4525   

 

 Kim Manning, kmanning@taylorjohnson.com, 

(312) 267-4527

 

www.mchughconstruction.com.

 

to schedule an interview, please contact 

Paula Widholm at (312) 267-4525 

or pwidholm@taylorjohnson.com.

 

JLL adds Greer Oliver and Connor Nebeker-Hay to lead Phoenix industrial investment sales team

 Greer Oliver 

  PHOENIX, AZ, Dec. 8, 2022 – JLL Capital Markets is pleased to announce that Greer Oliver and Connor Nebeker-Hay have joined the firm as Senior Director and Associate, respectively, in its Phoenix office.

Connor Nebeker-Hay

Oliver will lead JLL’s institutional industrial investment sale efforts throughout the Phoenix MSA, with leadership support from Ben Geelan and Mark Detmer.

 “We are thrilled to join JLL and leverage its unparalleled capital markets platform. Collaboration among JLL’s investment sales, debt & equity and leasing verticals will allow us to provide best-in-class services to our clients,” said Oliver.

 

Ben Geelan

Oliver and Nebeker-Hay bring sophisticated market knowledge and experience to the JLL team. Over the past five years, Oliver advised on more than 130 industrial sales transactions, totaling more than 63 million square feet and approximately $6.9 billion in value.

 

“The addition of Greer, as a leader in the Phoenix industrial investment sales sector, demonstrates our commitment to providing our clients with a market-leading suite of industrial services. We are excited to welcome Greer and Connor to the team,” said Ben Geelan, Senior Managing Director, Phoenix Office Co-Head.


Kevin MacKenzie

Kevin MacKenzie, Executive Managing Director, National Production Leader said, “This is a major addition for our team, allowing us to further represent our client’s best interests.

 

 "The number one way we have grown market share at JLL historically is via rising stars like Greer, who can now accelerate her career by working across our teams to drive new opportunities and deliver for our clients.”

 

CONTACT:


Cierra Lacasse

PR, Hotels & Hospitality, Capital Markets

JLL

T +1 602 648 8701

M +1 408 318 8021

JLL.com

 

Wednesday, December 7, 2022

Hold Thyssen Brokers New 10-Year Lease For State of Florida at Bayside Concourse in Clearwater, FL

 

Richard J. Fisher 

CLEARWATER, FL  --- Hold Thyssen, Inc., a full-service commercial property firm, closed on a new 10-year lease agreement with the State of Florida Agency for Healthcare Administration (AHCA) at Bayside Concourse, 15500 Lightwave Drive in Clearwater.

 

Hold-Thyssen’s Vice President of Investment Services Richard Fisher brokered the transaction representing the Landlord, a private investment group. 


Bayside Concourse
15500 Lightwave Drive
 Clearwater,FL

AHCA, which administers Florida’s Medicaid program and licenses healthcare facilities, relocated from St. Petersburg to expand into the 17,514 square feet of class A office space.  

 

Hold Thyssen, Inc. based in Winter Park with offices in Clearwater provides commercial property brokerage and leasing and management services to institutional and private investor clients nationwide. 

 

The 40+ year-old firm’s current portfolio includes more than 100 commercial properties throughout the United States.

  

CONTACTS

 

Richard J. Fisher, Vice President/Investor Services, Hold-Thyssen, LLC,

813-880-7100 ext303 

rfisher@HoldThyssen.com

 

Beth Payan, Larry Vershel Communications Inc

 407-461-3781 

beth@larryvershel.com 

 

 

 

Nebraska Based Scooters Coffee Enters Florida Market; Hold-Thyssen Locates New Port Richey Site and Closes $678,000 Sale

 

Carol Kinnard

New Port Richey, FL  -- Hold-Thyssen, LLC, a full-service commercial property firm with offices in Clearwater and Winter Park, closed the sale of the highly visible piece of land on U.S. Highway 19 at the intersection of Avery Road in New Port Richey.

 

 The site will be the first Florida location of Nebraska-based Scooters Coffee.   

 

Carol Kinnard, transaction specialist at the firm was retained by Scooters Coffee Franchise owners Heather and Sean Stevens, to find a perfect location for their drive-through coffee kiosk.

 

Scooters subsidiary FSK Properties, LLC, a Nebraska limited liability company, purchased the .63-acre tract of land at 7229 U.S. Highway 19 for $678,000.00.    

 

Avery Land, LLC, a Missouri limited liability company was the seller.


Heather and Sean Stevens

“We are excited to be part of the growing New Port Richey area and look forward to serving the west Pasco community,” said Heather Stevens who expects to be open for business in 2023.

 

Hold-Thyssen, LLC provides commercial property brokerage and leasing and management services to institutional and private investor clients nationwide. 

 

The 40-year-old firm’s current portfolio includes more than 100 commercial properties throughout the United States.

 

 

CONTACTS

 

Richard J. Fisher, Vice President/Investor Services, Hold-Thyssen, LLC,

813-880-7100 ext303 

rfisher@HoldThyssen.com

 

Beth Payan, Larry Vershel Communications Inc

 407-461-3781 

beth@larryvershel.com 

 

 

Tuesday, December 6, 2022

Residences at Dr. King Boulevard Celebrates with a Grand Opening in Miami on Dec. 12

 

Residences at Dr. King Boulevard,
1501 NW 62nd Street
 (Martin Luther King Boulevard)
 Miami, FL 33147


                                  (Christine King)

MIAMI, FL -- Atlantic Pacific Communities (A|P Communities) and Martin Luther King Economic Development Corporation alongside Miami-Dade County, the City of Miami, the Florida Housing Finance Corporation, Citi Community Capital and Wells Fargo celebrate the grand opening of Residences at Dr. King Boulevard, an affordable housing community in Liberty City.

 

Residences at Dr. King Boulevard features 120 new mixed-income apartments on the north and south sides of Martin Luther King Boulevard in Liberty City.

 

 The fully leased community serves a mix of households with incomes ranging from 30% of Area Median Income all the way up to market rates.

 

ATTENDING:

 

Keon Hardemon

·    Miami-Dade County District 3 Commissioner Keon Hardemon

·    City of Miami Chairwoman and District Five Commissioner Christine King

·    Martin Luther King Economic Development Corporation Executive Director Amina McNeil

·    Atlantic Pacific Communities’ COO Ken Naylor

 

Ken Naylor

WHEN:  Monday, December 12, 2022

                        Ceremony begins at 11 a.m.

 

WHERE:  Residences at Dr. King Boulevard

1501 NW 62nd St. (Martin Luther King Blvd.), Miami, FL 33147

 

CONTACT:  RSVP to marianna@jwipr.com. Interviews and photos available upon request.

 

Northmarq’s Atlanta office arranges $7.6 million sale of New York Chick-fil-A reflecting a 3.68 percent cap rate

 Maggie Holmes
 

 NEW YORK, NY, Dec. 6, 2022 – Northmarq investment sales brokers Maggie Holmes, Senior Vice President, and Mike Sladich, Managing Director, completed the sale of a freestanding retail property located at East Jericho Turnpike in Huntington, New York.

 

The property totals 4,996 square feet and is leased to Chick-fil-A, one of the largest American fast food restaurant chains.

 

 Holmes represented the seller, a shopping center owner and developer based in Elmsford, New York. A New York-based private family office in a 1031 exchange acquired the asset for $7.6 million reflecting a 3.68 percent cap rate.


Mike Sladich

“While we’ve certainly seen a shift in cap rates across the country this quarter, this sale represents the fact that private investors are still willing to pay a premium for best-in-class tenants in high barrier-to-entry markets.” said Holmes.

 

“With nearly 2.5 acres of prime real estate on Long Island and a 20-year lease, this property will be a generational asset that can justify a cap rate below the 10-year treasury due to the long-term viability and appreciation of the real estate.”



The build-to-suit property is brand new with a double lane drive-thru and is situated on 2.47 acres.

 

Approximately 40 miles east of Manhattan, the town of Huntington is a major source of employment for the New York metropolitan area.

 

The property is ideally positioned as an outparcel to Target and just one mile east of the Walt Whitman Shops, a super-regional shopping center with over 100 stores, including Bloomingdale’s, Macy’s and Saks Fifth Avenue. Other neighboring retailers include CVS Pharmacy, Best Buy, Rite Aid and more.

 

CONTACT

 

David Ebeling

Ebeling Communications

949.861.8351

949.278.7851 (Cell)

david@ebelingcomm.com

Member of the National Association of Real Estate Editors (NAREE)

“PR Strategist for the Commercial Real Estate Industry:  I do what I love and love what I do.”

  More information on Stan Johnson Company and Four Pillars Capital Markets may be found on their websites.