Chicago Cheat Sheet: Apple exec latest high-profile buyer at No. 9 Walton … & more

Also, Naperville office building trades for $24M to Colorado investor

Mar.March 21, 2019 05:00 PM

Nicholas Severino and 9 West Walton Street (Credit: LinkedIn and Highrises)

No. 9 Walton notches another high-priced sale

An Apple executive is the latest high-profile buyer at JDL Development’s No. 9 Walton luxury condo tower. Nicholas Severino and his wife, Laura, bought a three-bedroom unit on the 12th floor of the building at 9 West Walton Street for $3.9 million. Severino is vice president and CFO of Apple Retail. Michael Maier of Berkshire Hathaway HomeServices Koenig Rubloff represented the Severinos. Nancy Tassone of Jameson Sotheby’s International Realty is the listing agent for the building. [Chicago Tribune]

Colorado investor picks up Naperville offices for $24M

Colorado-based Valley Equity Group bought the Washington Pointe office building in Naperville for a reported $24 million from Boston-based Davis Companies. Davis bought the 164,000-square-foot building at 535 East Diehl Road for $14 million in 2014 when it was half-empty. It spent more than $1 million on renovations on the four-story building, which is now fully leased. Bryan Rosenberg and Pat Shields of HFF represented Davis. [Crain’s]

Schaumburg seeking developer for 20-acre entertainment district

Schaumburg officials are looking for a developer to lead the creation of a proposed entertainment district on the east side of Meacham Road between the Jane Addams Memorial Tollway and Algonquin Road. The village hopes to find a single firm to develop the roughly 20 acres eyed for the project, which would be anchored by the Schaumburg Convention Center and Renaissance Hotel. The goal is to attract more restaurants, hotels and entertainment venues, with other commercial and residential uses possible on upper floors of new buildings. [Daily Herald]

Marketing firm inks lease for new HQ in Loop

Innerworkings Incorporated is moving its global headquarters from River North to the Loop, signing a 41,000-square-foot lease at 203 North LaSalle Street. The marketing firm is moving from a Sterling Bay-owned building at 600 West Chicago Avenue. Brandon Glick, Chris Bargowski and Sam Picchiotti of Mohr Partners represented Innerworkings in the lease, while Jeff Dowdell, Eric Myers and William Briggs of Transwestern Commercial Services represented the landlord, M&J Wilkow. [RE Journals]

New development eyed around Diamond Lake in Mundelein

Mundelein officials want to build new housing, restaurants, bike paths and public space in the areas north and east of Diamond Lake. The area is mostly residential, but does have some businesses and park district properties. The discussion about what to develop around the lake is a part of a broader update of the village’s master plan. [Daily Herald]

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