REAL ESTATE

Trademark to manage Burr Ridge, Illinois, center

BY Michael Fickes

Fort Worth, Texas — Founders Properties has hired Trademark Property Co. to handle management, marketing, accounting and construction for Burr Ridge Village Center, a 232,000-sq.-ft. mixed-use lifestyle center in Burr Ridge, Illinois.

Located 15 miles west of Chicago, the center forms a downtown for the affluent Burr Ridge community. It includes 195,000 sq. ft. of retail and restaurants, 37,000 sq. ft. of office and 196 luxury residential units.

Developed by The Opus Group in 2007 and owned by Founders Properties, Burr Ridge Village Center tenants include Kohler Waters Spa, named Chicago magazine’s “Best Day Spa,” as well as Loft, Banana Republic, J. Jill, Jos. A. Bank, White House | Black Market and Starbucks.

Trademark expects to begin its duties within the next 45 days.

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REAL ESTATE

Coldwater Plaza in Avondale, Arizona, sells for $2 million

BY Michael Fickes

Phoenix — Sparty Holdings has acquired the 10,017-sq.-ft. Coldwater Plaza in Avondale, Arizona, for $2.085 million.

Evergreen represented Sparty Holdings in the transaction. CBRE (www.cbre.com) represented the seller, a partnership between North Dysart SG and Coldwater Dysart Partners.

The 10,017-sq.-ft. shopping center is 100% leased. Tenants include Pacific Seafood Buffet, Cricket Wireless, Hire Source Staffing, and Checkmate Loans.

Constructed in 2003, the building has excellent visibility from the road and is located at the main entrance of a Sam’s Club-anchored shopping center. The property also benefits from a strong retail corridor with neighboring tenants such as Home Depot, Walgreens, McDonald’s, Ashley Furniture, QuickTrip and numerous restaurants.

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REAL ESTATE

Gordon Brothers appoints Michael P. Muldowney CFO

BY Michael Fickes

Boston — Gordon Brothers Group, an advisory investment firm specializing in the retail, consumer products, industrial and real estate sectors, has named Michael P. Muldowney to the post of CFO. He will work with all business units on transactional, strategic, financial and operational initiatives. Muldowney will also serve as a member of the executive committee.

Muldowney comes to Gordon Brothers from Foxford Capital, a strategic, financial advisory and investment management firm. There he led the planning, start-up and growth of this boutique business that advised more than 75 high-profile financial services companies.

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