Chicago Cheat Sheet: Hospital network inks big suburban office lease…& more

Also, eviction shutters hardware store after 136 years

Chicago /
May.May 07, 2019 05:00 PM
Edward-Elmhurst CEO Mary Lou Mastro and Edward-Elmhurst CEO Mary Lou Mastro

Edward-Elmhurst CEO Mary Lou Mastro and Edward-Elmhurst CEO Mary Lou Mastro

Suburban hospital network merging 2 offices with big new lease

Edward-Elmhurst Health is combining two suburban offices into the long-vacant former Navistar headquarters in Warrenville. The hospital network will shed its 98,000-square-foot office in Elmhurst and its 74,820-square-foot office in Warrenville and take 188,000 square feet in the old Navistar building at 4201 Winfield Road. Barrington investor Thomas Herb, who bought the six-story building in 2002 for $51.5 million, was represented in the lease deal by Jeff Shay and Lyle Patterson of JLL. CBRE represented the hospital network. [Crain’s]

Hardware store’s eviction is final nail for 136-year-old business

A Palatine hardware store closed after 136 years in business after being evicted from its downtown location. Zimmer Hardware, 16 North Broadway Street, was founded in 1883 and had a series of owners until Nancy Martino bought it in 1996. Pan American Bank launched foreclosure proceedings against Martino in 2015, saying she didn’t pay property taxes for two years as required by her mortgages. A trust linked to Palatine business owner Tony DeFilippis paid a total of nearly $325,000 to cover back taxes and buy the building in a 2017 judicial sale, and a Cook County judge ordered the store evicted in March. [Daily Herald]

Brewpub moving into vacant restaurant space off Magnificent Mile

A new brewpub is moving into the former home of the Heaven on Seven restaurant at 600 North Michigan Avenue. The team behind Lakeview’s DryHop Brewers and Corridor Brewery & Provisions will open the Crushed By Giants brewpub next year in the 4,500-square-foot space on the second floor of the building. Owner Greg Shuff said he hopes to create a gastropub with an emphasis on hazy IPAs and Mexican lagers. [Eater]

Mega Realty looking to develop big Mundelein property

Mundelein village officials have agreed to give Mega Realty six months to try to develop vacant land around Plaza Circle. Mega, which owns retail space and apartments near Diamond Lake Road and U.S. 45, previously proposed a mixed-use project on part of the property, but later backed out. Now the firm is hoping to develop all of the property, which at one time was part of a 10-acre industrial site. [Libertyville Review]

Barrington relaxes rules for renovating homes in historic district

Barrington officials revised restrictions placed on property owners in its historic district to allow them more flexibility to renovate their homes. The district has more than 350 structures and is the largest in the state. The revisions mean owners will have greater freedom to replace original features of a house, as long as they substantially match the original. Village officials said the move will make renovations less expensive than under the previous restrictions. [Daily Herald]


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