CHICAGO – Bradford Allen Realty Services represented Ajinomoto Heartland Inc. in a 7,560 square foot lease renewal at 8430 W. Bryn Mawr in Chicago, IL. Ajinomoto Heartland, Inc. is one of five companies affiliated with the Ajinomoto Animal Nutrition group, a global leader in feed-grade amino acid manufacturing. The animal nutritional firm was represented by Bradford Allen Senior Managing Director Craig Nadborne.
According to Nadborne, who has represented Ajinomoto Heartland for more than 20 years, the firm chose to stay in their long-term location because of the flexibility of the ownership and the building’s close proximity to O’Hare International Airport.
Greg O’Neal of Parkway Realty Services represented the ownership, FCA Fung Chicago II, LLC.
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.
Steady first quarter for downtown Chicago office market
As 2011 drew to a close, the recovery in the downtown Chicago office market gained momentum, and the year ended on a positive note. Although activity was not quite as robust during the first quarter as compared to the flurry of activity in late 2011, the overall CBD market still appears to be headed in the right direction. Tenants canvassing for space seem more confident and more willing to make commitments, perhaps echoing the string of upbeat economic indicators and the sharp rally in the domestic equity market during the first three months of the year. Particularly encouraging were the labor market statistics which showed several months of job creation and a declining unemployment rate. For now, continued employment gains will be the key metric that will likely determine the strength of the office market recovery.
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Suburban Chicago office market takes a breather during first quarter 2012
The suburban Chicago office market ended 2011 on a high note, perhaps compensating for several years of pent up demand. As we previously reported, the overall tone of the market was much healthier despite a lingering supply and demand imbalance. Corporate tenants showed decidedly more confidence in making real estate commitments, and that was reflected in the more robust 2011 transaction activity.
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