EverWest Sells Eight-Building Industrial Portfolio in Elk Grove Village, Illinois

The portfolio totals 955,460 square feet.

ELK GROVE VILLAGE, ILL. — Denver-based EverWest Real Estate Investors has sold an eight-building industrial portfolio in Elk Grove Village. The sales price was $74.3 million, according to Crain’s Chicago Business. 

The portfolio, situated near Chicago O’Hare International Airport, totals 955,460 square feet and consists of flex, light industrial and bulk distribution space.

Mike Caprile of CBRE brokered the sale on behalf of EverWest. A joint venture between Investcorp and Brennan Investment Group purchased the portfolio. EverWest owned the assets since 2017.

Synergy Construction Completes 100-Unit Luxury Apartment Development in South Elgin

Panton Mill Station rises four stories along the Fox River.

SOUTH ELGIN, ILL. — Synergy Construction Group has completed Panton Mill Station, a 100-unit luxury apartment development in South Elgin, about 40 miles west of Chicago. The four-story building is located on the banks of the Fox River and includes 10,000 square feet of retail space and a 180-stall surface parking lot.

Amenities include a fitness center, business center and outdoor kitchens. Ware Malcomb provided architecture and interior design services for the project. Residents can now receive one month of free rent. Monthly rents start around $1,410.

Anthology Senior Living Opens 180-Unit Property in Suburban Cleveland

Anthology of Mayfield Heights includes independent living, assisted living and memory care residences.

MAYFIELD HEIGHTS, OHIO — Anthology Senior Living, a new organization created by real estate development firm CA Ventures, has opened Anthology of Mayfield Heights in suburban Cleveland. The property is home to 180 independent living, assisted living and memory care residences.

The community serves as the company’s first “Life Plan Community,” a new design strategy for seniors housing created in collaboration with national design firm HED. This type of community consists of a main building and a small arrangement of cottages.

Courtyards enable residents to participate in outdoor activities such as swimming, pickleball, gardening, lounging and meditating. Indoors, residents have access to multiple dining options such as a bistro, pub, private dining and large dining room. Other amenities include a business center, clubhouse, fitness center, golf simulator, library, pottery room and theater.

Opus Completes Two-Building Winchester Logistics Park Near Columbus, Ohio

Kenco Logistics Group will occupy 197,465 square feet of a 258,000-square-foot building. The other building spans 556,000 square feet.

CANAL WINCHESTER, OHIO — The Opus Group has completed Winchester Logistics Park, a two-building speculative industrial project in Canal Winchester, about 15 miles southeast of Columbus. The first building spans 258,000 square feet while the other is 556,000 square feet. Kenco Logistics Group is the first tenant and will occupy 197,465 square feet of the smaller building.

Opus served as developer, design-builder, architect and engineer. First National Bank of Omaha provided project financing. Brian Marsh and Dan Wendorf of JLL are marketing the remaining square footage for lease.

First National Realty Partners Acquires Lemont Village Square Shopping Center in Illinois

The Aldi-anchored Lemont Village Square spans 59,939 square feet.

LEMONT, ILL. — First National Realty Partners has acquired Lemont Village Square, a 59,939-square-foot shopping center in Lemont, located about 27 miles southwest of Chicago. The purchase price and seller were undisclosed.

The Aldi-anchored property sits at the corner of 127th and State streets. It is 96 percent leased. Other tenants include Starbucks, The Learning Experience, Jimmy Johns, AT&T and Verizon Wireless.

Stan Johnson Co. Arranges $20.6M Sale of Medical Office Building in Itasca, Illinois

ITASCA, ILL. — Stan Johnson Co. has arranged the sale of a 50,000-square-foot medical office building in Itasca, a western suburb of Chicago, for $20.6 million. The Class A property is located at 870 N. Arlington Heights Road.

It is fully leased to a publicly traded healthcare services company under a 15-year net lease. The single-story building sits on six acres and includes traditional office space in addition to specialty pharmacy spaces, walk-in freezers and clean rooms. Construction of the property finished in August of this year.

John Zimmerman and Craig Tomlinson of Stan Johnson represented the seller, a regional developer. A private group focused on single-tenant acquisitions was the buyer.

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