CHICAGO—The Climate Corporation, a digital agriculture company that examines weather, soil, and field data, has leased two new high-profile office spaces in the up-and-coming Chicago neighborhood of West Fulton. EnTrust Realty Advisors represents the firm, a wholly-owned subsidiary of Monsanto Co. It will occupy 21,118 square feet at 1330 W. Fulton and 10,414 square feet at 370 N. Carpenter St. Sterling Bay, the Chicago based developer that has played a key role in transforming the once-gritty industrial district into an office hotspot, owns both buildings. Google, McDonalds, and Dyson have all recently selected the West Fulton Chicago submarket for their respective corporate headquarters.

COLUMBUS—Calmwater Capital, a Los Angeles-based provider of commercial real estate debt, has originated a senior secured term loan to Edwards Cos. for its acquisition and redevelopment of 155 E. Broad St., a 362,720-square-foot office building in downtown Columbus. The sponsor plans to redevelop the property, a 24-story, class A office building that was built in 1976, into a mixed-use building with residential, office and hotel space. The city recently completed work that has transformed its riverfront into park and recreational space, and this has triggered more interest in the CBD as a place to live and work. “Considering the market's performance and the sponsor's proven track record of successfully redeveloping properties in Downtown Columbus,” says Ryan Malatesta, loan originator at Calmwater, “Calmwater Capital is confident this project will become iconic to the Columbus skyline.”

CHICAGO—Russian Ferro Alloys has purchased 41,050 square feet of space at 2700 Wisconsin Ave. in Downers Grove. The firm outgrew its warehouse in Westmont, and this deal will allow the IN supplier of ferroalloys, the iron used in steelmaking, to continue expanding. Dominic Carbonari and Frank Griffin, executive vice presidents with JLL, represented the company in the acquisition. The facility sits on 2.31 acres in Chicago's west suburb, with immediate access to major thoroughfares I-355 and I-88. With 6,000 square feet of office space and additional land for outside storage space, the facility will be instrumental in supporting the company's operations in Chicago.

CHICAGO—Marcus & Millichap recently helped complete the sale of North Plainfield Crossing, a 55,073-square foot retail property located in Plainfield, IL, according to Steven D. Weinstock, first vice president/regional manager/managing broker of the firm's Chicago Oak Brook office. The asset sold to a local add-value buyer for $6,485,000. Richard Kozarits, Austin Weisenbeck and Sean R. Sharko, investment specialists in the Oak Brook office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. A stable mix of regional and local tenants occupies 93% of the center, located at 12337 IL Rte. 59 in Plainfield.

KANSAS CITY—Greg Duvall, senior vice president/managing director of NorthMarq Capital's Kansas City-based regional office, just arranged acquisition financing of $46,479,000 for Residences at Prairiefire, a 426-unit multifamily property located at 5750 W. 137^th St. in suburban Overland Park, KS. The transaction was structured with a 10-year term with 5-years of interest only followed by a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its Fannie Mae platform. “Fannie Mae was very aggressive with their pricing in order to win the financing for this high-quality asset located in a premier submarket within Kansas City,” says Duvall.

CHICAGO—TreeHouse Foods, a multinational food processing company and leading maker of private label packaged foods, has signed a lease for 147,745 square feet of space inside Oak Brook's Commerce Plaza. Howard Meyer, executive vice president with Zeller Realty Group and JLL's Jeff Shay, executive vice president, and Karla Harmon, senior vice president, represented ownership. Executive managing director Terry Mostrom and executive vice president Joe Learner with Savills Studley represented TreeHouse. Commerce Plaza has undergone considerable renovation, and with this deal, is now 98% leased.

NEWS & NOTABLES

CHICAGO—Dave Erfort has joined Bentall Kennedy's Chicago office as vice president, client relations and product development. He is responsible for marketing, investor relations and client service for MEPT investors in the Midwest. Reagan Pratt has also joined Bentall Kennedy as senior vice president, client relations and product development. Pratt will be part of the Chicago-based team responsible for representing the firm's investment opportunities to the US institutional marketplace. He also has a leadership role in the development of new investment products and pursues new distribution channels for existing investment products. Most recently he was a principal for Harrison Street Securities, where he focused on the North American market. Pratt founded HSS' predecessor company, Transwestern Securities Management in 2005.

DEALTRACKER

CHICAGO—The Climate Corporation, a digital agriculture company that examines weather, soil, and field data, has leased two new high-profile office spaces in the up-and-coming Chicago neighborhood of West Fulton. EnTrust Realty Advisors represents the firm, a wholly-owned subsidiary of Monsanto Co. It will occupy 21,118 square feet at 1330 W. Fulton and 10,414 square feet at 370 N. Carpenter St. Sterling Bay, the Chicago based developer that has played a key role in transforming the once-gritty industrial district into an office hotspot, owns both buildings. Google, McDonalds, and Dyson have all recently selected the West Fulton Chicago submarket for their respective corporate headquarters.

COLUMBUS—Calmwater Capital, a Los Angeles-based provider of commercial real estate debt, has originated a senior secured term loan to Edwards Cos. for its acquisition and redevelopment of 155 E. Broad St., a 362,720-square-foot office building in downtown Columbus. The sponsor plans to redevelop the property, a 24-story, class A office building that was built in 1976, into a mixed-use building with residential, office and hotel space. The city recently completed work that has transformed its riverfront into park and recreational space, and this has triggered more interest in the CBD as a place to live and work. “Considering the market's performance and the sponsor's proven track record of successfully redeveloping properties in Downtown Columbus,” says Ryan Malatesta, loan originator at Calmwater, “Calmwater Capital is confident this project will become iconic to the Columbus skyline.”

CHICAGO—Russian Ferro Alloys has purchased 41,050 square feet of space at 2700 Wisconsin Ave. in Downers Grove. The firm outgrew its warehouse in Westmont, and this deal will allow the IN supplier of ferroalloys, the iron used in steelmaking, to continue expanding. Dominic Carbonari and Frank Griffin, executive vice presidents with JLL, represented the company in the acquisition. The facility sits on 2.31 acres in Chicago's west suburb, with immediate access to major thoroughfares I-355 and I-88. With 6,000 square feet of office space and additional land for outside storage space, the facility will be instrumental in supporting the company's operations in Chicago.

CHICAGO—Marcus & Millichap recently helped complete the sale of North Plainfield Crossing, a 55,073-square foot retail property located in Plainfield, IL, according to Steven D. Weinstock, first vice president/regional manager/managing broker of the firm's Chicago Oak Brook office. The asset sold to a local add-value buyer for $6,485,000. Richard Kozarits, Austin Weisenbeck and Sean R. Sharko, investment specialists in the Oak Brook office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. A stable mix of regional and local tenants occupies 93% of the center, located at 12337 IL Rte. 59 in Plainfield.

KANSAS CITY—Greg Duvall, senior vice president/managing director of NorthMarq Capital's Kansas City-based regional office, just arranged acquisition financing of $46,479,000 for Residences at Prairiefire, a 426-unit multifamily property located at 5750 W. 137^th St. in suburban Overland Park, KS. The transaction was structured with a 10-year term with 5-years of interest only followed by a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its Fannie Mae platform. “Fannie Mae was very aggressive with their pricing in order to win the financing for this high-quality asset located in a premier submarket within Kansas City,” says Duvall.

CHICAGO—TreeHouse Foods, a multinational food processing company and leading maker of private label packaged foods, has signed a lease for 147,745 square feet of space inside Oak Brook's Commerce Plaza. Howard Meyer, executive vice president with Zeller Realty Group and JLL's Jeff Shay, executive vice president, and Karla Harmon, senior vice president, represented ownership. Executive managing director Terry Mostrom and executive vice president Joe Learner with Savills Studley represented TreeHouse. Commerce Plaza has undergone considerable renovation, and with this deal, is now 98% leased.