JoS. A. Bank Takes Entrance at 500 W. Madison

CHICAGO-JoS. A. Bank has leased 4,000 square feet at Station Shops in the 1.4-million-square-foot Citigroup Center, at 500 W. Madison in the West Loop. The men’s clothing store will open this summer. The store will be located at the main entrance along Madison Street of the retail section, which is a 45-store retail and commuter station component that serves as the gateway to the Ogilvie Transportation Center. Bruce Kaplan with CB Richard Ellis represented ownership, a partnership led by an affiliate of General Electric Pension Trust.

CHICAGO-Bank of America has named Colliers Bennett & Kahnweiler Inc. the marketing agent of Beverly Place, a mixed-use development at 1824 W. 103rd St. The asking price is $2.8 million. The development consists of a 22,572-square-foot, three-story brick building and improved land site. The first floor is retail, and the top two floors are 10 units of condominiums. Behind the building is a land site with 28 partially-improved townhouse lots. The lot size is 1.7 acres. Gregory Pacelli and Mark Dolemba will lead the marketing efforts.

CHICAGO-Alliant Capital LLC has arranged the refinancing of two multifamily properties in the city. The deals included the $1.6 million refinancing of Kedzie Boulevard Apartments, an 18-unit garden-style apartment community; and the $1.1 million refinance of East 42nd Street Apartments, a 23-unit mid-rise property. John Marr, SVP, closed both transactions on behalf of a private borrower. “Chicago is a strong market, attracting a wide variety of investors,” Marr said in a statement. This was the first Fannie Mae loan the sponsor used, and it was this capability that attracted American Street Capital, a client advisory firm based in Chicago specializing in securing financing for income-producing properties, to partner with Alliant and broker both transactions.