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BRADFORD ALLEN REPRESENTS PRECISION RESEARCH IN OFFICE RENEWAL IN DES PLAINES

CHICAGO – Bradford Allen Realty Services is pleased to announce that Senior Managing Director Craig Nadborne and Associate John Skalla have completed a lease transaction for Test Positive Aware Network (TPAN). TPAN will be relocating from 5050 North Broadway back to 5533 North Broadway where they were previously a tenant. They will occupy 12,819 square feet.

TPAN is a community-based organization providing comprehensive health and wellness programs to those impacted by HIV/AIDS. Their mission is to empower those living with or at risk for HIV/AIDS to live open, healthy, and productive lives. According to Nadborne TPAN entered the market after Cedar Street Companies announced their intention to repurpose the group’s current home at 5050 North Broadway. After searching the market it was decided that following the buildings renovation TPAN would once again move into 5533 North Broadway. The organization is scheduled to relocate during the spring of 2017.

“This ends up being a win-win scenario, as the landlord gets a new long term tenant and the tenant (TPAN) moves into a location they are familiar with,” said Nadborne. “This is an established, well known location that will allow TPAN to continue to provide outstanding services to its diverse client base.”

Located in the Uptown neighborhood on the North side of Chicago 5533 N. Broadway is a 30,000 square-foot mixed use building. Originally built in 2002 the building has great access to public transportation as it is half a block away from the Bryn Mawr Red Line station.

 

About Bradford Allen Realty Services

Bradford Allen Realty Services, a Chicago-based commercial real estate firm, offers a full range of services and expertise to entrepreneurial and corporate business entities as well as not-for-profit organizations. The firm provides real estate strategy, advice, marketing, and transaction execution for occupiers, investors and owners of real estate. For more information please visit our website at www.bradfordallen.com.

 

BRADFORD ALLEN REPERESENTS AJINOMOTO IN LEASE TRANSACTION IN ITASCA

CHICAGO – Bradford Allen Realty Services is pleased to announce that Senior Managing Director, Craig Nadborne has completed a lease expansion and extension on behalf of Ajinomoto. The company will be leasing an additional 7,159 square feet at 1300 North Arlington Heights Road where it currently occupies 13,476 square feet.

Ajinomoto is a Japanese food and chemical corporation and has been a client of Nadborne’s for over 20 years. The company is recognized as a global leader in amino-acid-based products for a variety of uses. Ajinomoto moved to 1300 North Arlington Heights Road back in 2012 from the O’Hare market where they still maintain an office. “Ajinomoto originally moved to this location because it provided first class office space at a competitive rental rate while still being close enough to O’Hare to be readily accessible for visitors,” according to Nadborne.

Ajinomoto’s expansion needs arose when it decided to relocate its New Jersey office to Chicago. “The high-end campus environment that Hamilton Lakes offers was the perfect place for the expansion. Ownership was very accommodating in helping structure this long term transaction,” said Nadborne. 1300 North Arlington Heights Road is a 108,000-square-foot Class A building that is part of the Hamilton Lakes Office Park. The complex, located just west of O’Hare Airport, is owned and managed by Hamilton Partners. The company will take occupancy of its additional space in February of 2017.

 

About Bradford Allen Realty Services

Bradford Allen Realty Services, a Chicago-based commercial real estate firm, offers a full range of services and expertise to entrepreneurial and corporate business entities as well as not-for-profit organizations. The firm provides real estate strategy, advice, marketing, and transaction execution for occupiers, investors and owners of real estate. For more information please visit our website at www.bradfordallen.com.

 

BRADFORD ALLEN REPRESENTS BCL MERIDIAN PARKWAY, LLC IN OFFICE SALE

CHICAGO –Bradford Allen Realty Services is pleased to announce that Dan O’Neill and Ryan Moen of the Oak Brook office have completed the sale of a 45,869 square foot office complex at 4222 Meridian Parkway in Aurora, Illinois. The sale was valued at $5,350,000.00.

O’Neill and Moen represented the seller, BCL Meridian Parkway, LLC in the transaction. 4222, 4234 & 4248 Meridian Parkway is a 45,869 square-foot single story Class A office park. The properties are home to several prominent tenants including; Dyson, who anchors the complex with its U.S. Call Center, Woodruff Johnson & Palermo and Medallion Media Group. Additionally, as part of the larger Meridian Business Campus the buildings have numerous other corporate neighbors.

O’Neill stated that the selling price of $116 per square foot for a non-medical single story office complex should be viewed as another step towards full post-recession recovery for the area. “With so many of the Class A suburban mid to high rise office buildings in coveted markets having traded in the past few years, we are starting to see capital searching for an alternative. Class A single story office is getting a lot of that attention.”

The complex, at over 95% leased was purchased by HJH Dyson 1, LLC. This property is the first purchase for HJH Dyson 1, LLC in the Chicagoland area. Based in Kansas, the buyers were drawn to the complex for numerous reasons including its convenient location off of Route 59, which serves as a major thorough fare through the area according to Moen. With over 300,000 residents located between Aurora and Naperville there is a large workforce to pull from, this coupled with a multitude of surrounding amenities made the buildings an attractive investment opportunity.

 

 

About Bradford Allen Realty Services

Bradford Allen Realty Services, a Chicago-based commercial real estate firm, offers a full range of services and expertise to entrepreneurial and corporate business entities as well as not-for-profit organizations. The firm provides real estate strategy, advice, marketing, and transaction execution for occupiers, investors and owners of real estate. For more information please visit our website at www.bradfordallen.com.

 

TCN Worldwide and GVA Worldwide Negotiate a Transatlantic Alliance

LONDON and DALLAS, TX. – H. Ross Ford III, President & CEO of TCN Worldwide Real Estate Services, and David Greene, Chairman of the TCN Worldwide Board of Directors, together with Patrick Morrissey, Chairman of GVA Worldwide, announced today that the international real estate advisors have agreed to create an alliance that extends the scope and capability of their respective organizations into key strategic markets.

GVA Worldwide is an international network of independent commercial real estate companies working with a wide range of clients including occupiers, multi-national corporations, major space users, developers, owners, institutions, lenders and investors. Through its affiliated member firms, partners can harness the expertise of 5,000 professionals in over 120 offices across 25 countries worldwide.

The alliance with TCN Worldwide—a consortium of independent commercial real estate firms with approximately $38.8 billion in annual transactions and over 80 million square feet of space under management—will facilitate a range of services to both groups’ clients, including: transactions, strategic planning, market and site analysis, financial and fund structuring, lease consultancy, pre-acquisition due-diligence, valuation, asset, property and facilities management.

Patrick Morrissey, Chairman of GVA Worldwide, commented: “We have been in detailed discussions with TCN for some time. Our long standing ambition to establish a strategic alliance with a leading US real estate practice has been fulfilled. We have signed a memorandum of understanding with TCN. This agreement will form a hugely significant step in our plans to expand and strengthen not just our transatlantic ties but our wider cross-border capability throughout the GVA Worldwide community. As the markets continue to strengthen and the flows of capital continue our access to and representation in the US becomes increasingly important for our clients.”

  1. Ross Ford III, President and CEO of TCN Worldwide, stated: “We are excited to make this alliance a reality for our member firms. TCN serves more than 200 markets across the world and maintains an affiliate firm in nearly every major city in America. Expanding our network’s opportunities to better serve our many clients and extend the reach of our global partners across Europe is a significant success.” He added, “We will look to continue our global growth and work in concert with the GVA Worldwide team to take advantage of the many synergies our organizations share. Most importantly, we are already seeing several of our member firms and specialty teams working together on new business opportunities. We look forward to building on these early successes in the coming months.”

David Greene, Chairman of the Board of Directors of TCN Worldwide and President of Brokerage Services at MHP Real Estate Services in New York, added: “A strategic alliance between TCN Worldwide and GVA Worldwide increases our collective reach, strengthens our client base, and invigorates our individual firms. The new worldwide alliance now provides every individual in both affiliate organizations the chance to better serve their clients and prospects.” He added, “to be able to significantly expand our reach beyond the 200 markets that we currently serve through our independent affiliates is a distinct opportunity. This is an important alliance for TCN and all of our affiliates throughout America, Canada and the World and in particular, for MHP as the NYC affiliate for TCN and as a whole, we will continue to provide ‘best in class’ client services with sincerity and transparency.”

 

About GVA Worldwide

GVA Worldwide is a growing partnership of independent commercial real estate companies working with a wide range of clients including occupiers, multi-national corporations, major space users, developers, owners, institutions, lenders and investors. Its new partnership with Bilfinger Real Estate enables it to harness the expertise of 5,000 professionals in over 120 offices across 25 countries worldwide.

GVA Worldwide maintains a global presence, including Europe: Austria, Belgium, Czech Republic, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Norway, Poland, Portugal, Russia, Spain, Switzerland, Turkey, United Kingdom; Asia Pacific: Australia, China, Hong Kong, India. For further information visit www.gvaworldwide.com.

 

About TCN Worldwide

TCN Worldwide, a consortium of independent commercial real estate firms, provides complete integrated real estate solutions locally and internationally. With approximately $38.8 billion in annual transactions and over 80 million square feet of space under management, the organization ranks as one of the largest service providers in the industry. An extensive range of real estate services coupled with a personal commitment to exceed client expectations is what allows TCN Worldwide to be a leader within the commercial real estate industry. Formed in 1989, TCN Worldwide is comprised of over 800 commercial real estate professionals serving more than 200 primary and secondary markets worldwide. For more information on TCN Worldwide, contact H. Ross Ford or Nicole Hopkins at 972-769-8701 or visit www.TCNWorldwide.com

 

About Bradford Allen Realty Services

Bradford Allen Realty Services, a Chicago-based commercial real estate firm, offers a full range of services and expertise to entrepreneurial and corporate business entities as well as not-for-profit organizations. The firm provides real estate strategy, advice, marketing, and transaction execution for occupiers, investors and owners of real estate.

 

Bradford Allen Completes Lease Renewal for Lubin-Bergman in Northbrook

CHICAGO – Bradford Allen Realty Services is pleased to announce that Laurence Elbaum, principal and co-founder of the firm recently completed a lease renewal on behalf of Lubin-Bergman Organization, Inc. for 7,700 square feet for the firm’s headquarters located at 5 Revere Drive in Northbrook, Illinois.

Founded in 1923, Lubin-Bergman Organization, Inc. is a full-service insurance agency. The firm provides personal and commercial insurance, with a niche in the jewelry industry. Headquartered at 5 Reverse Drive in Northbrook since 2005, Lubin-Bergman Organization, Inc. selected Bradford Allen’s Elbaum to assist with evaluating their headquarter location, which ultimately led to securing a long-term renewal within the same property.

“5 Revere Drive is an excellent property for Lubin-Bergman, conveniently located with easy access to public transportation, restaurants and local retailers.  This building also has the added benefit of underground parking and in-building food service.” said Elbaum. “We are pleased to have arranged this renewal for Lubin-Bergman with advantageous deal terms.”

Elbaum represented Lubin-Bergman Organization, Inc. in the lease negotiations and Dan Fernitz of JLL represented ownership.

 

 

About Bradford Allen Realty Services

Bradford Allen Realty Services, a Chicago-based commercial real estate firm, offers a full range of services and expertise to entrepreneurial and corporate business entities as well as not-for-profit organizations. The firm provides real estate strategy, advice, marketing, and transaction execution for occupiers, investors and owners of real estate.