SIOR Chicago Announces Winners of the 14th Annual Chapter Awards

Courtesy of REjournals.com
The Chicago Chapter of the Society of Industrial and Office REALTORS (SIOR) presented the winners of its 14th Annual Chapter Awards at Gibson’s Bar and Steakhouse in Rosemont, March 22.

The program is designed to honor the organization’s prestigious Platinum Sponsors and SIOR members who completed transactions within the Chicago Chapter or with a Platinum Sponsor.

The Chicago Chapter completed 119 cooperative transactions from 49 members and 12 Platinum Sponsors totaling $652 million in consideration and comprising 20.9 million square feet, and 125 acres of land.

Joyce Slone of Slone Commercial LLC, created the awards and has chaired the committee each year to recognize those SIOR’s and sponsors for their outstanding achievement throughout the year as well as commend those that are committed to helping other SIOR’s reach their goals.

The following are the individual awards for achievement in 2015-

Intra Chapter- Largest Number of Transactions:

Ron Behm and David Bercu of Colliers International, both with 19 transactions.

Largest Dollar Volume Transaction - Industrial Building for Lease:

Ron Behm and Jim Estes for the leasing of 130,980 square feet valued at $37.9 million to Sky Chefs. It was built by SIOR Platinum Sponsor, Krusinski Construction.

Largest Dollar Volume Transaction- Industrial Build-to-Suit for Lease with two Platinum Sponsors:

Jason West and Sean Henrick of Cushman & Wakefield, and Denise Weinmann of RGV Commercial represented SIOR Platinum Sponsors Venture One, the developer, and Clayco, the contractor, for the 978,120-square-foot lease to 3M valued at $45.4 million.

Largest Dollar Volume Transaction - Investment Sale with a Platinum Sponsor:

George Cibula of Darwin Realty represented SIOR Platinum Sponsor, Venture One, in the $44 million, 14-building portfolio sale consisting of 804,745 square feet.

Honorable Mention: Jim Estus, SIOR and David Kahnweiler, SIOR of Colliers International represented Platinum Sponsor Prologis in the purchase of two buildings totaling 686,336 square feet valued at $41 million.

Largest Dollar Volume Transaction- Redevelopment with a Platinum Sponsor:

Larry Much of NAI Hiffman represented SIOR Platinum Sponsor, DCT Industrial, in a long-term lease consisting of 189,987 square feet for an undisclosed tenant. DCT purchased the building for development. Since signing the least, DCT is leveling the building and purchased additional land, totaling $65 million for the land and building purchases in order to build the new building for the tenant.

Honorable Mention: Chris Lydon, SIOR of Cushman & Wakefield who represented Liberty Property Trust for a redevelopment project totaling 235,781 square feet valued at $38.7 million.

Largest Dollar Volume Transaction- Redevelopment with 2 Platinum Sponsors:

SIOR Platinum Sponsor, Venture One, purchased a 277,562-square-foot building located at 2801 S. Western in Chicago. Sior Platinum Sponsor Keeley Construction developed the building. Sally Macoicz and Larry Goldwasser of Cushman & Wakefield represented the redeveloped building for lease and the $30.3 million sale to Heitman.

Largest Dollar Volume Transaction- Industrial Built-to-Suit for Lease with a Platinum Sponsor:

Adam Roth and Dan Leahy of NAI Hiffman represented SIOR Platinum Sponsor, CenterPoint Properties, on the 1.4 million-square-foot, $67 million built-to-suit.

Largest Dollar Volume Land Transaction - With a Platinum Sponsor:

Vern Schultz and Mike Senner of Colliers International represented SIOR Platinum Sponsor, Prologis, for the $17.1 million, 41.4-acre sale.

Most transactions completed by a Platinum Sponsor with Chicago SIOR members:

Prologis with 40 transactions, totaling $165.5 million with 25 members.

Honorable Mention: Venture One with 30 transactions totaling $156,857,916 with 15 members


Venture One Real Estate

Venture One is a real estate private equity fund manager, developer and operating company specializing in the industrial property sector. Headquartered in Chicago, Venture One manages a series of discretionary value-add investment funds that target opportunities throughout the Chicago MSA and Northeast Industrial Region. Principals of Venture One have over $7 billion of transactional experience. For further information go to www.VentureOneRE.com.