CHICAGO, IL (April 20, 2010) – The Chicago office of commercial real estate services firm Bradford Allen represented NAI Farbman, owners of 216 West Jackson Boulevard, in a 40,396-square-foot lease renewal and extension to the Jewish Federation of Metropolitan Chicago (JFMC).
JFMC, one of the city’s most stable and dynamic non-profit organizations, occupies 23% of the 176,600-square-foot office building located in the West Loop submarket. As a result, the lease represents a stabilization in the long-term occupancy and financial health of the building.
Bradford Allen’s Principal and Co-President Jeffrey Bernstein represented ownership in the transaction. John Goodman, Rick Schuham and Eric Feinberg with Studley represented JMFC.
In November 2008, Detroit-based NAI Farbman awarded Bradford Allen the leasing and management assignment for 216 West Jackson Boulevard.
Bradford Allen currently manages 13 office buildings throughout the Chicagoland area
The Jewish Federation of Metropolitan Chicago serves as the central communal organization of the Chicago-area Jewish community. JFMC raises the funds to provide food, refuge, health care, education and emergency assistance to 300,000 people of all faiths in Chicago and 2 million Jews around the world. It is committed to providing the means, resources, and planning to address needs while fulfilling the highest principles and ideals of Jewish tradition.
About NAI Farbman
Founded in 1976, Farbman Group / NAI Farbman is a leading full-service real estate organization handling all facets of real estate transactions, from property management and leasing to acquisition and disposition.
Today, Farbman is one of the largest and most respected full service organizations in the Midwest. The firm manages more than 20 million square feet of office, retail, multi-family and industrial space throughout Southeast Michigan and is recognized as a leading commercial management and brokerage firm by clientele. For more information, please visitwww.Farbman.com and www.NAIFarbman.com.
About Bradford Allen
Bradford Allen Realty Services, a Chicago-based commercial real estate firm, makes a full range of services and expertise available to entrepreneurial and corporate business entities, and not-for-profit organizations. The firm provides real estate strategy, advice, marketing, and transaction execution for occupiers, investors and owners of real estate. Please visit our website at www.bradfordallen.com.