CBRE negotiates apartment complex sale.
HOFFMAN ESTATES CBRE recently represented Greenwood Capital Investment LLC in the sale of Autumn Chase Apartments, a 550-unit multifamily property in Hoffman Estates.
Terms of the sale were not announced.
Autumn Chase contains a unit mix of studios, 1-bedroom 1-bath, 2-bedroom 1-bath and 2-bedroom 1.5-bath apartments. The community features an outdoor pool with a sun deck, a tennis court, a clubhouse and multiple barbecue areas. The property was completed in the early 1970s.
John Jaeger and Dan Cohen of CBRE represented Greenwood Capital Investment in the sale to Chicago-based Tricap Acquisitions, LLC.
Shoeless Joe's finds new location
ROSEMONT Shoeless Joe's Ale House & Grille, which closed its original Rosemont location last month after three decades, is planning to reopen three miles away in Schiller Park.
The sports bar is moving to 4926 N. River Road, just blocks south of the Rosemont Theatre. An opening date hasn't yet been set, but owners are already conducting job interviews at the new location, they said in a Facebook post.
Shoeless Joe's closed at 10290 W. Higgins Road on March 31 after the building owner refused to extend the lease. The bar opened in 1989. A second location opened in Addison in 2016.
Express Employment Professionals marks 15 years
ROLLING MEADOWS The Rolling Meadows Express Employment Professionals office will celebrate its 15 year anniversary under current ownership on April 26, according to owner Greg Geissenberger.
The Rolling Meadows office began current operations on April 26, 2004 and serves Northwest Cook County with temporary help and direct hire employees in a variety of fields, including office administration, customer service, accounting, sales, skilled manufacturing and operations.
"The people and businesses of the Northwest suburbs have made these last 15 years great ones," said Geissenberger.
"In the past 15 years, we have placed 5,084 individuals at 486 companies," he added. "Since the beginning, our goal has been to help as many people as possible find good jobs by helping as many businesses as possible find good people. We could not have achieved the success that we have without the strong support we have received from local companies, as well as the Chamber of Commerce's and other community focused organizations."
The Rolling Meadows office, 3501 Algonquin Road, Suite 170, Rolling Meadows, is currently accepting applications.
Tempel Steel receives FMA safety award
ELGIN The Fabricators & Manufacturers Association, International and CNA awarded Tempel Steel of Chicago with the 2019 Rusty Demeules Award for Safety Excellence.
The award is presented annually by FMA, sponsored by CNA, and created by FMA's Safety Council to recognize a company with a demonstrated safety culture. The award is named in honor of Rusty Demeules, a volunteer contributor who made significant contributions to FMA while serving as the president of its Safety Committee from its inception in 1989 until 1996.
Tempel Steel manufactures magnetic steel laminations used in electric motor applications and transformer cores. In its operation, steel coils are slit and punched using mechanical presses varying from 25 to 400 tons. The company's safety program involves an active committee, which has monthly meetings. Weekly safety training involves talks conducted at every department, using training and informational materials. Management is committed to demonstrate safe work behavior and to lead by example. Specialized trainings include lockout/tagout, First Aid and CPR, OSHA 10-hour and 30-hour outreach program, forklift truck operator, crane operator, and arc flash protection.
Komatsu to support reforestation initiative
ROLLING MEADOWS Heavy equipment manufacturer Komatsu announced it is partnering with Green Forests Work, a nonprofit organization dedicated to restoring more than a million acres of formerly mined lands in the Appalachian region of the eastern United States and spreading proper reclamation efforts worldwide.
Since 2009, GFW has planted nearly 2.5 million trees across approximately 4,000 acres in Appalachia, but there are nearly 1 million acres left to reforest. Working together, GFW and Komatsu aim to restore approximately 1,000 acres of forest in West Virginia's Monongahela National Forest over the next three years.
Komatsu's 2019 contribution to the project provided the maximum investment required to allow GFW to obtain available matching funds from The U.S. Forest Service. The cooperation between corporate, nonprofit and government entities aims to help establish healthy, productive forests on formerly mined land on the Mower Tract of the Monongahela National Forest and to improve water quality in the Lambert Run watershed.
Komatsu's U.S. operations are based in Rolling Meadows.
My Salon Suite opens
PALATINE National salon suite franchise My Salon Suite has opened a new location at 220 N. Smith St., Suite 117 in Palatine.
The Palatine My Salon Suite includes a collection of private, spacious suites for a variety of health and beauty professionals. The new location is more than 4,588 square feet with 25 individual luxury salon suites. Guests who visit My Salon Suite are treated to the latest hair, spa and related beauty services.
Local residents Deb Muffoletto and Sharon Niewinski will manage daily operations. They will recruit and lease suites to a variety of established beauty and health professionals, who are referred to as members. Members are provided with local and national marketing support, business operations support, all suite and building maintenance, and support with business development, among other services. Members also have access to SalonRunner, a scheduling, point-of-sale platform used in the salon and spa industry.
"Palatine is the perfect market to expand My Salon Suite. There is a demand for high-end salon suites that offer privacy, style and talented aestheticians, hair stylists and other beauty professionals," said Niewinski.
More information for beauty and health professionals interested in leasing a suite in Palatine is available online at http://www.mysalonsuite.com/palatine.html or by calling (847) 859-9677.
Caputo Cheese launches e-commerce site
MELROSE PARK Caputo Cheese announced it has launched an e-commerce site and online cheese shop at www.caputocheesemarket.com.
The shop is easy to navigate and showcases more than 200 varieties of cheese, along with a collection of specialty items and Italian products recommended by Natale Caputo, Caputo Cheese president and distinguished Cheesemonger.
"Our team has been committed to excellent service in our Chicagoland brick and mortar locations and we are pleased to offer this to our online customers as well," Caputo said.
Caputo Cheese recently won several awards at the 2019 U.S. Championship Cheese Contest, including first place for its Ricotta Red, and third place for both Nodini and Burrata. The company received notable recognitions in 2018 as well, winning first place for their Burrata and Nodini at the 2018 World Championship Cheese and first place for Ricotta, Nodini and Burrata at the American Cheese Society Conference. The Nodini was named one of the best cheeses of 2018 by Culture Magazine: the word on cheese.
Caputo Cheese began in 1978 as a small retail cheese shop founded by Rene and Pasquale Caputo and is currently under the leadership of their son, Natale. The family has two brick and mortar locations in Melrose Park and Lake Forest.
Wynnchurch Capital acquires Alliance Designer Products
ROSEMONT Private equity firm Wynnchurch Capital has acquired Canadian manufacturer Alliance Designer Products Inc., the firm announced Tuesday.
Terms of the acquisition were not announced.
Alliance is a manufacturer of polymeric sand and related installation products used in residential and commercial hardscaping projects. The company serves the Canadian, U.S. and European markets from its headquarters in Mirabel, Quebec.
"We are committed to delivering best-in-class products and services for all of our customers and are excited to partner with Wynnchurch as we continue that mission," said Alliance President George Tutino.
Erin Murphy, managing director at Wynnchurch, said the firm acquired Alliance for its reputation for superior product quality, customer support and reliability, adding it "is well positioned for continued market leadership."
Funding for the acquisition came from Wynnchurch Capital's $1.3 billion Fund IV, the firm said. Alliance is the latest of acquisitions by Wynnchurch. In January, the firm acquired Boss Industries, a maker of power takeoff and engine driven rotary screw air technology.
Cawley assists in lease of Des Plaines space
DES PLAINES The Cawley Chicago O'Hare industrial team recently assisted Jervis B. Webb Co. in securing a new lease at 2050 S. Mount Prospect Road in Des Plaines.
Terms of the lease were not announced.
Principal Andrew Maletich, Vice President Matt Garland and Associate Dustin Albers of Oakbrook Terrace-based Cawley Chicago Real Estate assisted in the transaction.
"The tenant was looking for space specifically on the North side of the airport because they are working on a project for American Airlines and they needed quick access to the airport," said Maletich.
The property consists of 22,813 square feet of industrial space within a multi-tenant building owned by Sheares Logistics Assets LLC.
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|Title Annotation:||Biz Ledger|
|Publication:||Daily Herald (Arlington Heights, IL)|
|Date:||May 20, 2019|
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