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Monthly Archives: May 2010

Sun Life Taps Bradford Allen to Lease CBD Office

Chicago, IL – Sun Life Assurance Company of Canada has retained Bradford Allen Realty Services as the exclusive leasing agent for their new office acquisition at 29 North Wacker Drive. Sun Life closed on the purchase last week, buying the 129,262 square foot office building from Boston-based Intercontinental Real Estate Corporation.    Under Sun Life’s ownership, the building will undergo an extensive rehabilitation of the mechanical systems and upgrades to the common areas.
   
“Sun Life is making a significant capital commitment to this wonderful asset and bringing to this project financial stability and a solid  reputation as a quality owner of commercial real estate.  We are very pleased to have been chosen for this assignment” said Jeffrey Bernstein a principal and co-founder of Bradford Allen.  Bernstein leads the firm’s growing agency practice.

The 39-year-old building was designed by architects A. Epstein and Sons with unobstructed sight lines up and down Wacker Drive and 13,000 square foot floor plates tailored to small to midsize office tenants. Unique features include an  executive parking garage with capacity for 44 cars with direct access from the building’s dramatic lobby, which features  a 30 foot ceiling and terrazzo floors and direct entrances to some of the building’s retail tenants.

“The building has historically been very well occupied due to its highly desirable location in the heart of the West Loop, its architecturally distinctive exterior and ability to offer midsized tenants full floor identity” said Ben Azulay a managing director with Bradford Allen.  “The planned building-wide renovation program along with our ability to offer competitive tenant improvement packages will help us appeal to a wide variety of potential tenants.”

Azulay, along with Bradford Allen’s Kevin Gillihan, will handle leasing on behalf of ownership.

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.

Sun Life Assurance Company of Canada (www.sunlife.com) is an international financial services organization providing a diverse range of protection and wealth accumulation products and services to individuals and corporate customers. Chartered in 1865, Sun Life Financial and its partners today have operations in key markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China and Bermuda. As of December 31, 2008, the Sun Life Financial group of companies had total assets under management of CDN$381 billion. Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE), and Philippine (PSE) stock exchanges under ticker symbol SLF.

 

Bradford Allen Picks Up Leasing for Trio of Medical Office Buildings in Bolingbrook and Hinsdale

CHICAGO, IL (May 10, 2010) – Dallas-based Trammell Crow Company has awarded Bradford Allen’s Medical Office Practice Group the leasing assignment for a trio of medical office buildings: Bolingbrook Medical Center located at 396 Remington Blvd. in Bolingbrook and 908 and 911 N. Elm Street in Hinsdale, IL.

“These buildings are an outstanding addition to our leasing portfolio,” said Bradford Allen’s Principal and Co-President Jeffrey Bernstein. “We look forward to working with such a well respected owner on this assignment.”

Built in 2008, Bolingbrook Medical Center is a three story, 73,544-square-foot Class A medical office building. It sits on the Adventist Bolingbrook Hospital campus and provides doctors and patients alike immediate access to hospital’s full range of health care services. It is currently 54% leased.

908 Elm Street was built in 1984 and is the larger of the two medical office buildings located in Hinsdale. At four stories and 119,022 square feet, the Class A building is home to medical related tenants which are affiliated with Adventist Hinsdale Hospital. It is 86% leased.  911 Elm Street is a three-story, Class B building built in 1979. Totaling 49,696 square feet its tenant mix is comprised of medical and professional tenants. It is 60% leased.

Both buildings are owned affiliated with nearby Adventist Hinsdale Hospital.

Bradford Allen’s Joel Berger, managing director, along with John Millner, associate, will handle leasing on behalf of ownership.

“We are confident that our firm’s unique approach to handling medical office buildings, coupled with the strength of ownership, will produce results in the near future,” said Berger.

Bradford Allen’s Medical Practice Group specializes in tenant and landlord representation for health care facilities, medical buildings and medical office space.  Since 2009, it has completed more than 120,000 square feet of transactions on behalf of healthcare related clients.

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.