MINNEAPOLIS—Andy Sundgaard has been named senior vice president/regional director of property management for Cushman & Wakefield NorthMarq, the company announced this week. It's a return for Sundgaard, who left the company in 2012. He will now share the oversight of the company's MN property management portfolio along with Wendy Aaserud. Sundgaard's portfolio will include a wide variety of office and industrial properties located throughout the Twin Cities metro area. Sundgaard has more than 30 years of experience in the commercial real estate industry, first joining the Shelard Group as a property manager and leasing agent in 1983. He joined Cushman & Wakefield NorthMarq in 1998 and spent 14 years with the company.

CHICAGO—Hubbard Street Dance Chicago has just retained Holliday Fenoglio Fowler, LP as a strategic advisor to address its long-term facility needs in the Chicago area. Founded in 1974, Hubbard Street has grown into a pillar of Chicago's cultural community. And to accommodate its growth and to create capacity for future expansion, the organization wants to explore alternatives to its current home, the 53,000 square foot Hubbard Street Dance Center at 1147 W. Jackson Blvd. HFF's senior managing directors Jeff Bramson and Jaime Fink, managing director Danny Kaufman and director Amy Sands will lead the team representing Hubbard Street.

DEALTRACKER

FARGO, ND—The Boulder Group, a net leased investment brokerage firm in suburban Chicago, has completed the sale of a single tenant net leased Perkins Restaurant & Bakery located at 3005 Hwy. 10 East in Moorhead, MN, a suburb of Fargo, for $2,100,000. Perkins has occupied this site since the structure was built in 1994 and updated in 2004. The company plans to a full remodel of the property in 2018. Randy Blankstein and Jimmy Goodman of Boulder represented the purchaser in the transaction, a high net worth Midwest based investor. The seller was a west coast high net worth individual.

ARLINGTON HEIGHTS, IL—Well-located retail properties continue to be in demand by tenants and investors. Quantum Real Estate Advisors, Inc., for example, just brokered the sale of a multitenant, street level retail property located at 2-18 S. Dunton Ave. in Arlington Heights, IL. The property was sold for $1,350,000 and was 100% occupied at the time of sale. Built in 2006, the 8,195 square feet of street level retail is part of a larger 55-unit condo building. The buyer was an international real estate investment fund. The seller was a Chicago based investment group. Daniel Waszak, senior vice president of Quantum, represented the seller in the transaction. “The seller acquired the asset from a bank,” he says, “and in a very short time frame were able to take occupancy to 100%.”

BUILDING BLOCKS

DETROIT—Friedman Integrated Real Estate Solutions, a Farmington Hills, MI-based commercial real estate firm, has begun transforming the Galleria Officentre into a class A office park. Located at 100-400 Galleria in suburban Southfield, the region's top office market outside the CBD, Galleria Officentre has easy access to several major traffic arteries including Telegraph, Northwestern Hwy., and Twelve Mile Rds. Friedman began managing, leasing, and developing projects at this four building complex in February.

CHICAGO—Wright Heerema Architects, a Chicago-based architectural and interior design firm, together with White Oak Realty, has completed its renovation of 200 W. Jackson, a 29-story office building in the heart of Chicago's Loop that now includes the modern amenities that today's tenants demand. With an eye on companies seeking an engaging space to ignite employee collaboration, the high rise now features a new amenity space on the 28^th floor, which boasts The Notch, a four-seasons hospitality lounge open to everyone who works in the building, with windows that open out to the city, and a bar and recreation area “designed to recall a hotel indoor/outdoor reception area and give employees a break from the daily grind,” according to the firm.

CHICAGO—The International Conference of Shopping Centers will hold its Chicago Deal Making conference next week, starting Wednesday, at Navy Pier. The two-day event could prove to be a busy one. Several brokers tell GlobeSt.com that they have a lot of listings coming out, and this could help the Chicago region enjoy a solid year for retail investments.

And the type of properties that garner attention could shift a bit. Many investors have understandably been focused for some time on properties in the urban core, but meanwhile, some solid potential deals have been developing in the suburbs. The recent shuttering of the region's Dominick's stores may have dealt a temporary blow to many grocery-anchored centers, but other retailers like Mariano's and Whole Foods have filled up those spaces and boosted the value of these properties.

The Danada Square East shopping center in Wheaton, for example, is currently on the market. It was anchored by a Dominick's in 2013 when it sold for $32 million, but now that Whole Foods fills that space, it should go for significantly more this time out.

NEWS & NOTABLES

MINNEAPOLIS—Andy Sundgaard has been named senior vice president/regional director of property management for Cushman & Wakefield NorthMarq, the company announced this week. It's a return for Sundgaard, who left the company in 2012. He will now share the oversight of the company's MN property management portfolio along with Wendy Aaserud. Sundgaard's portfolio will include a wide variety of office and industrial properties located throughout the Twin Cities metro area. Sundgaard has more than 30 years of experience in the commercial real estate industry, first joining the Shelard Group as a property manager and leasing agent in 1983. He joined Cushman & Wakefield NorthMarq in 1998 and spent 14 years with the company.

CHICAGO—Hubbard Street Dance Chicago has just retained Holliday Fenoglio Fowler, LP as a strategic advisor to address its long-term facility needs in the Chicago area. Founded in 1974, Hubbard Street has grown into a pillar of Chicago's cultural community. And to accommodate its growth and to create capacity for future expansion, the organization wants to explore alternatives to its current home, the 53,000 square foot Hubbard Street Dance Center at 1147 W. Jackson Blvd. HFF's senior managing directors Jeff Bramson and Jaime Fink, managing director Danny Kaufman and director Amy Sands will lead the team representing Hubbard Street.

DEALTRACKER

FARGO, ND—The Boulder Group, a net leased investment brokerage firm in suburban Chicago, has completed the sale of a single tenant net leased Perkins Restaurant & Bakery located at 3005 Hwy. 10 East in Moorhead, MN, a suburb of Fargo, for $2,100,000. Perkins has occupied this site since the structure was built in 1994 and updated in 2004. The company plans to a full remodel of the property in 2018. Randy Blankstein and Jimmy Goodman of Boulder represented the purchaser in the transaction, a high net worth Midwest based investor. The seller was a west coast high net worth individual.

ARLINGTON HEIGHTS, IL—Well-located retail properties continue to be in demand by tenants and investors. Quantum Real Estate Advisors, Inc., for example, just brokered the sale of a multitenant, street level retail property located at 2-18 S. Dunton Ave. in Arlington Heights, IL. The property was sold for $1,350,000 and was 100% occupied at the time of sale. Built in 2006, the 8,195 square feet of street level retail is part of a larger 55-unit condo building. The buyer was an international real estate investment fund. The seller was a Chicago based investment group. Daniel Waszak, senior vice president of Quantum, represented the seller in the transaction. “The seller acquired the asset from a bank,” he says, “and in a very short time frame were able to take occupancy to 100%.”

BUILDING BLOCKS

DETROIT—Friedman Integrated Real Estate Solutions, a Farmington Hills, MI-based commercial real estate firm, has begun transforming the Galleria Officentre into a class A office park. Located at 100-400 Galleria in suburban Southfield, the region's top office market outside the CBD, Galleria Officentre has easy access to several major traffic arteries including Telegraph, Northwestern Hwy., and Twelve Mile Rds. Friedman began managing, leasing, and developing projects at this four building complex in February.

CHICAGO—Wright Heerema Architects, a Chicago-based architectural and interior design firm, together with White Oak Realty, has completed its renovation of 200 W. Jackson, a 29-story office building in the heart of Chicago's Loop that now includes the modern amenities that today's tenants demand. With an eye on companies seeking an engaging space to ignite employee collaboration, the high rise now features a new amenity space on the 28^th floor, which boasts The Notch, a four-seasons hospitality lounge open to everyone who works in the building, with windows that open out to the city, and a bar and recreation area “designed to recall a hotel indoor/outdoor reception area and give employees a break from the daily grind,” according to the firm.