In This Issue:
- Featured Property
- Featured Tenant
- Investment Sales Available Properties
- An Acquired Taste
- New Partners
- New Team Members
- Recently Completed Transactions
Featured Property
906-908 Green Bay Road, Winnetka
We have a rare opportunity for a retail tenant seeking high visibility space in this affluent North Shore market. This prime retail location features approximately 6,000 square feet of space with 50 feet of frontage. It is situated on Green Bay Road in the popular Hubbard Woods shopping district in downtown Winnetka, with 15,000 cars passing by daily. An existing strong lineup of home furnishings co-tenants includes Waterworks, Material Possessions, Mig & Tig, Pagoda Red, Duxiana and Pierre Deux. Fashion tenants include Gap Woman/Gap Body, Gap Kids, Perlie and Barry Bricken.
For more information about this exceptional opportunity, contact Janika Brenner at (312) 275-3119 or Lorraine Adney at (312) 275-3106.
Featured Tenant
FedEx Kinko's - By the Numbers
With its massive re-branding campaign completed, FedEx Kinko’s is focusing on expansion. In the Chicago DMA, it is considering all markets, especially Rockford and Peoria. Here’s a quick highlight of key stats:
- 21,000: Number of team members in FedEx Kinko’s global network
- 2,500: Average square footage of space required for new locations
- 1,450: Locations worldwide
- 1,300: U.S. locations
- 400+: U.S. locations operating 24/7
- 40: Leases negotiated by Baum Realty Group on behalf of FedEx Kinko’s to date
- 8: Years Baum Realty Group has served as its exclusive broker in the Chicago market
- 1: FedEx Kinko's Office and Print Services is the world's leading provider of document solutions and business services
For more information, contact Greg Kirsch, (312) 275-3101 or Anthony Campagni, (312) 275-3105.
Investment Sales Available Properties
Banco Popular - Chicago IL
• Offering Price: $5,830,000
• 6.0% CAP
• Banco Popular has total assets over $43 billion, and is the third largest bank in Spain
• Banco Popular earned a 'AA' Standard and Poor's rating
Fifth Third Bank – Evanston, IL
• Offering Price: $3,000,000
• 6.0% CAP
• Retail lines both sides of the street and public transportation is easily accessible in this dense, urban location
Gateway Center – Bloomfield Park, MI
• Offering Price: $19,446,736
• 6.54% CAP
• Tenants include: CompUSA, Pier 1 Imports, Men’s Warehouse, Olga’s Kitchen, Newton Furniture and Pet Supplies “Plus”
• 100% occupied center in the heart of the 10th wealthiest county in the United States
For more information, contact Chad Firsel, (312) 275-3116.
An Acquired Taste
Our Investment Sales Division, led by Chad Firsel, continues to effectively match investment opportunities with buyers around the country. Recent transactions include:
- Wickes Furniture – North Riverside, IL: this 39,600-square-foot Wickes Furniture located in the densely populated retail corridor across from North Riverside Park Mall, was sold for nearly $2.4 million. Its attractive site at the busy intersection of Harlem and Cermak combined with below market rents with strong growth from potential market rent made it appealing to a long-term investor. The buyer assumed conduit financing from Column Financial for the transaction. Baum Realty represented the buyer and seller in the transaction.
- Fountainebleu – Hazel Crest, IL: Anchored by Bank One, Radio Shack and Blockbuster, this 38,546-square-foot multi-tenant retail center was acquired for $5.4 million by a Deerfield, Ill.-based private investor. The property is in the heart of Hazel Crest, a growing suburb south of Chicago that is attracting upscale residential development and continued retail growth. Baum Realty represented the buyer.
- Home Depot – Spokane, WA: a 105,000-square-foot big box retail facility was acquired for $20.8 million by a Phoenix-based private company that forms Tenant In Common (TIC) investments. Home Depot occupies 100% of the property, which was developed in 2000, and has 16 years remaining on a long term lease. Baum Realty represented the buyer.
For more information, contact Chad Firsel, (312) 275-3116.
Baum Realty Adds Two New Partners
Baum Realty Group, Inc. is pleased to announce that Bill Selonick (right) and Adam Secher (left) have been made partners. This is the first time we have added partners to the firm in four years.
Selonick and Secher join Baum Realty Group’s current partners: David and Douglas Baum, Allen Joffe and Gregory Kirsch.
New Team Members
We are pleased to introduce our newest team members: Brian Howard, Phil Baugh and Meredith Horner.
Brian L. Howard has joined Baum Brothers, L.L.C. as general counsel. He comes to us from prominent Chicago law firm Jenner & Block, LLP, where he specialized in complex real estate transactions. The University of Michigan Law School graduate has a broad base of commercial real estate and construction law experience, and has represented companies, developers and investors on both local and national levels.
Contact information: (312) 275-3125; brian@baumrealty.com
Phil Baugh has joined our leasing team, serving clients including Cartridge World, @ Properties, Mid-America Development Partners and Universal Realty Group. With nearly 10 years of experience, he comes to us from Burrito Beach, a five-unit, fast-casual restaurant company based in Chicago where he was responsible for corporate development and project management. Before that he was a real estate financial consultant to HVS International, the world’s largest hospitality specific consulting firm.
Contact information: (312) 275-3102; phil@baumrealty.com
Meredith Horner joined our Investment Sales Division, which assists clients with the acquisition and disposition of all types of commercial real estate. She most recently completed a research internship with NAI DESCO in St. Louis, where she collaborated with senior management and brokers to create an informational catalog, demographics map, compiled a transactions database and developed marketing maps and charts.
Contact information: (312) 275-3138; meredith@baumrealty.com
Recently Completed Transactions
PROPERTIES
- 909 W. Washington, Chicago – Kim Dry Cleaner
- 2 E. 8 th Street , Chicago – Jimmy John’s
- 1617 N. Clybourn, Chicago – The Furniture Box
- Batavia Commons, Batavia – Fuddrucker’s
- University Center , Chicago – Panera Bread, Cold Stone Creamery
- Windmill Lakes, Batavia – World Gym Express
- The Pinnacle – Jonathon Adler
TENANTS
- Cartridge World – Riverview, 555 W. Monroe, School & Ashland, 35 W. Wacker Drive, Palatine
- Chipotle – 10 S. LaSalle, Glenview
- Hilti – 1011 S. State
- Panera Bread – Wilmette, Rice Lake, Streamwood, The Grove – Elgin, University Center
- Subway – The Heritage
- The Little Gym – University Village
- Taco Fresco – Naperville Crossing
- Jonathon Adler – The Pinnacle
- Fed Ex Kinko’s – Glendale Heights
- Flight 001 - 1133 N. State
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