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Northern Realty Closes Doors, Some Join CBRE

CHICAGO-Northern Realty Group Ltd. is ending its business, and three of the principals have joined CB Richard Ellis' Chicago Retail Services Group.

By Gina Kenny | Updated on April 02, 2008

CHICAGO-Northern Realty Group Ltd. is closing its doors after 20 years in Chicago. Three of the firm’s principals – Bruce Kaplan, Michael Shields and Kim McGuire – will be joining CB Richard Ellis’ Chicago Retail Services Group as SVP. Leslie Mader will be joining the group as a vice president and Jim Tsevis will be joining the group as an associate.

Northern Realty was formed in 1987. “The company’s specialty was retail, particularly the integration of retail into high-density, mixed-use developments,” Kaplan says. Some of the firm’s projects included the $300 million reconstruction of Navy Pier and the redevelopment and expansion of Northwestern Memorial Hospital. The firm has represented a variety of tenants including AMC Theatres, Harris Bank, Starbucks Coffee, Panera Bread, Chipotle Mexican Grill, Cosi, Panda Express, FedEx Kinkos and Lettuce Entertain You. Current projects for the group include redevelopment of the retail at Presidential Towers, consulting and leasing for the redevelopment of McClurg Court and consulting and leasing for the retail of the John Hancock Center.

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