Cresa is continuing its acquisition spree, scooping up data analytics firm Bluechip Insights and hiring Dave Sawdey as vice president to lead the expanding team.
Cresa said it has utilized Bluechip’s data for years, relying on its analytics to provide clients with demographic insights, incentive opportunities, real-time labor intelligence and artificial intelligence-powered location analysis.
“With this acquisition, we have equipped our advisors with industry-leading market data intelligence and technology,” Tricia Trester, Cresa head of client solutions, said in a press release. “It’s the key to our firm’s growth strategy and a real game changer for us.”
Courtesy of Cresa
Sawdey joins Cresa from Avison Young and previously worked at JLL, where he was the director of business intelligence.
The brokerage acquired Dallas-based Fischer, a tenant advisory firm with 110 staff members, in October. Since September 2024, it has also picked up Philadelphia-based project management firm NorthStar Owners Representation and Seattle-based Pacific Program Management.
SALES
A private local investor paid $5.6M for a 49K SF industrial property at 3045-3055 MacArthur Blvd. in Northbrook. The single-tenant property is fully leased to UK Abrasives Inc. Marcus & Millichap’s Peter Doughty represented the buyer and the seller in the deal.
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Core Equity Partners acquired the 256K SF Wind Point Shopping Center in Batavia for more than $25M from PMAT Real Estate Investments. Mid-America Real Estate Corp.’s Ben Wineman and Emily Gadomski brokered the deal on behalf of the seller.
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Marquette Cos. acquired Aurora at Summerfield, a 368-unit apartment community at 1847 Clubhouse Drive in Aurora, for an undisclosed price. The community is made up of 26 two- and three-story residential buildings with a mix of one-to-three-bedroom apartments. It is 97% occupied.
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The Missner Group sold 50 S. Fairbank St., an 80K SF industrial building in Addison, in an off-market transaction. The building was developed in partnership with Realterm and is leased to Midwest Solutions, Cytronic and PGW Autoglass.
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A local private investor purchased Park Lawn Plaza, a 13-suite retail property at 9600 S. Pulaski Road in Oak Lawn, for $4.5M from a local real estate investment company. Marcus & Millichap’s Adrian Mendoza, Sean Sharko and Austin Weisenbeck marketed the property on behalf of the seller.
LEASES
Jerry’s Fruit & Garden signed a 27K SF industrial lease renewal at 8250 N. Austin Ave. in Morton Grove. Lee & Associates’ Brad Simousek represented Jerry’s, while the owner, Clear Height Properties, was self-represented.
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Elite Baseball Training signed a 30K SF lease at an industrial space at 1700 Butterfield Road in Mundelein. The company will use the space to expand its sports training and development operations. Entre Commercial’s Brian Bocci represented the tenant, while NAI Hiffman’s Steve Sullivan represented landlord Red Tail Commercial.
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Hammerbrush Restoration signed a 29K SF industrial lease at 3605 Swenson Ave. in St. Charles. The company targeted a space that included a conference and office area as well as storage. Brown Commercial Group’s Luke Dummitt represented the tenant, while Lee & Associates’ Nick Eboli and Andrew Block represented landlord Faropoint.
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Anesi Ozmon signed an 11K SF office lease renewal at 161 N. Clark St. in Chicago’s Central Loop. The law firm is having the space reconfigured to include more private offices for attorneys. Bradford Allen’s Ben Azulay and Nathan Meisner represented the law firm.
FINANCING
Barings secured $27.2M in acquisition financing for Market Meadows, a shopping center at 1201-1315 S. Naper Blvd. in Naperville, from Principal Asset Management. The 149K SF shopping center is 98.3% leased. JLL Capital Markets’ Chris Drew, Travis Anderson, Chris Knight, Wells Waller and Merrick Evans represented Barings in the financing agreement.
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The Hispanic Housing Development Corp. received approval for $13.2M in tax increment financing from the city of Chicago’s Department of Finance for its affordable senior housing development at 1539 N. Pulaski Road. The project will provide 61 units for very low-income elderly households while reusing the historic Pioneer Arcade Building. New construction on the adjacent vacant lot to the south will attach to the building to extend its footprint.