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Monthly Archives: November 2012

ePrize, Inc to Relocate and Expand to 415 N Dearborn

CHICAGO – Bradford Allen Realty Services represented ePrize, Inc. in a 9,420 square foot new lease at 415 N Dearborn in Chicago.  The tenant will occupy the entire fourth floor and a portion of the fifth floor of the brick-and-timber loft office building this December.

ePrize,  a Detroit-based digital engagement agency specializing in interactive mobile, social media, and web campaigns, was represented by Bradford Allen Senior Managing Director, Ben Azulay and Associate Justin Kessler.  

The firm’s recent acquisition of the mobile solutions firm, Cellit, prompted the need for the relocation and expansion, which merged the two firm’s offices together.  According to Azulay, the new location provides ePrize with building signage.  In addition, the open loft-office configuration will help to facilitate the integration of the two firms, and accommodate furture growth.

Joseph Storiz and Joshua Kellerman of Marc Realty represented the building ownership, Wells Street Companies.

About Bradford Allen Capital
Bradford Allen Realty Services, a Chicago-based, national commercial real estate company provides a full array of brokerage 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.

About ePrize, Inc. 
ePrize, Inc. is a digital engagement agency specializing in mobile, social media, and web campaigns. Last year, more than half of Fortune 100 companies and many world-class agencies relied on ePrize’s creative, technology and legal services. Since 1999, ePrize has grown into the largest online promotions platform, providing incentive-based promotional and loyalty programs in 44 countries for clients like Coca-Cola, Microsoft, The Gap, HSN, Miller/Coors, Yahoo!, P&G and AT&T. Headquartered in Detroit, ePrize also has offices in New York, Chicago, Los Angeles and Seattle. www.eprize.com.

 

Bradford Allen Capital Closes $24 Million Loan for Naperville Corporate Center

CHICAGO – Bradford Allen is pleased to announce that the firm recently closed a $24 million loan for the Naperville Corporate Center in Naperville, Illinois. Bradford Allen’s Capital Group, senior vice president, Anthony Giannini, arranged the first mortgage refinancing for the four building, 420,391 square foot office complex.

Giannini placed this loan on behalf of EquiTrust Life Insurance Company.  The borrower is a joint venture between Pearlmark Real Estate Partners, LLC, a principal investment firm specializing in commercial real estate, and TriGate Capital, LLC, a market leading real estate private equity firm.

“Bradford Allen Capital was instrumental maintaining communication and assistance throughout the application, due diligence, and closing process,” commented the borrower, Keith Schneider, a Vice President with TriGate Capital, LLC. “Their long-standing relationship with the lender and active involvement in the process helped make this transaction happen.”

“This is a well-located asset with a full complement of amenities and a strong tenant roster,” Giannini added. “Both Pearlmark Real Estate Partners and TriGate Capital were great to work with and contributed to the speed and success of this refinance.”

The Naperville Corporate Center was constructed from 1982 through 1992 and is situated just west of Naperville Road with immediate access to Interstate 88. Large tenants include Infogix, The Trizetto Group and The Receivables Management Services.

About Bradford Allen Capital
Bradford Allen Realty Services Bradford Allen Capital originates first mortgage, non-recourse life insurance company and CMBS loans for commercial income producing properties nationwide.  The firm arranges debt for acquisition, refinancing and borrower restructures in amounts ranging from $10 million to $100 million. Bradford Allen Capital is part of Bradford Allen Realty Services, a Chicago-based, national commercial real estate company that provides a full array of brokerage 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

About  Pearlmark Real Estate Partners, L.L.C 
Pearlmark Real Estate Partners, L.L.C. (“Pearlmark”) is a principal investment firm specializing in commercial real estate. Since its inception as Transwestern Investment Company in 1996, Pearlmark has acquired interests in nearly 500 office, retail, industrial and multifamily properties, representing a gross investment of over $11.8 billion.

About TriGate Capital, LLC
TriGate Capital, LLC (TriGate) is a market leading real estate private equity firm focused on acquiring real estate secured debt, providing capital for asset and company recapitalizations, and acquiring real estate assets where the potential to add value exists.