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Monthly Archives: July 2010

Bradford Allen Completes Lease at the Kinzie Design Center

CHICAGO – Bradford Allen Realty Services is pleased to announce that Craig A. Nadborne, senior managing director and Steve Fitzgerald, director of the Chicago-based commercial real estate firm, have recently completed a 7,186 square foot showroom lease to Chicago Brass-Chicago Bath on behalf of the Kinzie Design Center.

Since 1986, Chicago Brass-Chicago Bath has been a leading distributor of high-quality door & cabinet hardware and luxury plumbing fixtures in the Chicago area. The firm currently operates from two locations, one on the North Shore and one in the Lincoln Park neighborhood, and is expanding to the River North property. Chicago Brass-Chicago Bath selected the Kinzie Design Center as it provides dramatic loft office/showroom space at very attractive rates directly across the street from the Merchandise Mart. Nadborne and Fitzgerald represented building ownership, Kinzie Street Partners, LLC, in the lease negotiations. 

“The landlord has invested significant capital into the building’s infrastructure and has performed a very tasteful renovation that accentuates the property’s vintage loft elements.  The recent economic downturn has actually benefitted the Kinzie Design Center as it provides a significant cost advantage over the Mart and other more expensive showroom buildings in River North,” said Jeffrey Bernstein, a principal and co-founder of Bradford Allen who leads the firm’s growing agency practice.

“We are pleased to have arranged a deal that provides the landlord with a long-term, stable tenant,” added Craig Nadborne one of the building’s agents. “This tenant is a great addition to the significant amount of leasing which Steve and I have done over the last year at the property.”

Located at 220-230 W. Kinzie, the Kinzie Design Center is situated directly across the street from the Merchandise Mart. The 77,000 square foot office/showroom property was constructed in 1904 and features newly renovated facades, a brand new lobby with keycard entry, dramatic high ceilings and exposed brick. The Kinzie Design Center is located on West Kinzie Street, one block from the Franklin Street El stop within the Merchandise Mart. The property’s River North location is within walking distance to the Central Business District and East Bank Club.

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.

 

T&H Brokers and T&H Benefits to Keep Headquarters at 320 West 57th Street

NEW YORK – T&H Brokers and T&H Benefits, part of T&H Group’s family of companies offering commercial insurance, benefits, construction insurance and surety, has renewed at 320 West 57thStreet, its headquarters location for more than two decades.

“This building has served our organization well over the past twenty plus years,” said Walter Harris, chairman and CEO of T&H Group, Inc., “and we are pleased to continue our operations from the same location for many more years to come.”

T&H Brokers and T&H Benefits have signed a 45,578-square foot lease and in order to facilitate a renovation and updating of its existing space, will be restacking within the building, which comprises approximately 98,000 square feet of commercial space at the base of a large residential tower known as the Sheffield.

“The willingness of the building owner to accommodate our requests and renovations is a testament of their commitment to invest in and continually improve this property,” added Richard Fleder, president of T&H Brokers, “making us confident in their efforts as the new ownership entity.”

Laurence Elbaum, principal and co-founder of Bradford Allen Real Estate Services a Chicago-based national commercial real estate brokerage, and Jarod Stern, associate director of international commercial real estate services firm Studley represented the Tenant in the transaction. The Landlord was represented by Peter Berti and Lou D’Avanzo of Cushman Wakefield.

“As a direct result of an extensive market search and serious consideration of numerous viable alternatives, we were able to successfully structure a deal that best suited the firm’s operational and financial needs, while at the same time, allowing T&H to remain at the familiar location that has always worked so well for their business,” said Elbaum of Bradford Allen.

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.