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Monthly Archives: November 2013

Bradford Allen Tapped to Lease East West Corridor Office Buildings

CHICAGO –  Bradford Allen is pleased to announce the firm has been hired as the exclusive leasing agent for two new suburban properties, 360 E 22nd Street in Lombard, IL and 400 E. Diehl Rd in Naperville, IL. A team led by Directors John Millner and Allison Reynolds will handle both assignments. The duo will be responsible for providing the full range of marketing and leasing services.

Located near the intersection of Highland Avenue and East 22nd Street, 360 E 22nd Street is an 111,000 SF state-of-the-art data center and disaster recovery facility. The “low latent” property recently underwent a multi-million dollar renovation, and offers two 1200 AMP feeds from two separate electrical grids and has multiple fiber providers in the building. The building has approximately 20,000 square feet of office/data center space available, comprising the entire third floor. The property is owned by the Levy Organization.

 400 E. Diehl Rd, known as Naperville Financial Center, is a 58,000 SF Class A building located just south of I-88 near I-355 & downtown Naperville. The property was purchased by Madison-based, Sara Investments Real Estate earlier this year. The ownership entity owns and operates over 40 properties throughout Wisconsin and Minnesota. 400 E. Diehl Rd. is their first investment in Illinois. Currently 100% leased, the property will have 6,000 SF available in January 2014.

“We are delighted to expand our agency leasing portfolio with the addition of 360 E 22nd Street and 400 E. Diehl Rd,” said Bradford Allen, Principal and Co-Founder, Jeffrey Bernstein. “Our suburban agency practice continues to grow and our team delivers aggressive and insightful property marketing efforts that produce significant results for our suburban owner and investor clients.”

About Bradford Allen 
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.

 

Laurence Elbaum Re-Elected TCN Worldwide Chairman of the Board of Directors

CHICAGO –  H. Ross Ford, president and CEO of TCN Worldwide, is pleased to announce Laurence Elbaum, principal and co-founder of Bradford Allen Realty Services/TCN Worldwide of Chicago, has been re-elected chairman for the 2013-2014 TCN Worldwide Board of Directors. Originally elected to the board of directors in 2006, Mr. Elbaum has served as the board’s chairman for the past three years.

“We are very pleased to announce that Larry Elbaum will continue to serve as the chairman of TCN Worldwide’s board of directors,” said Ross Ford, president and CEO of TCN Worldwide. “Mr. Elbaum is one of our industry’s most accomplished professionals and we are fortunate to have someone of his caliber help lead TCN Worldwide in accomplishing our strategic goals. We look forward to his continued contribution.”

 Elbaum, a veteran broker from both New York City and Chicago’s commercial office leasing market, co-founded Bradford Allen Realty Services with Jeffrey Bernstein in October 2003. Their Chicago-based national commercial real estate firm provides its clients with a fresh perspective, significant local industry relationships and extensive market knowledge. Through its affiliation with TCN Worldwide, Bradford Allen additionally offers expanded services on the local, national, and international levels.

The 2013-2014 TCN Worldwide Board of Directors include:

  • Larry Elbaum, Co-founder and Principal of Bradford Allen Realty Services/TCN Worldwide in Chicago, IL. Mr. Elbaum will serve as the Chairman of the Board
  • David S. Greene, Principal / President, Brokerage Services at New York City-based MHP/TCN Worldwide. Mr. Greene will serve as Vice Chairman
  • Kenneth Ulsaker, Vice President of Long & Foster Commercial/TCN Worldwide of Washington DC. Mr. Ulsaker will serve as Treasurer
  • Barry Beitler, President of Beitler Commercial Realty Services/TCN Worldwide in Los Angeles. Mr. Beitler will serve as Secretary
  • William P. Nice, Jr., Principal at Hanna Chartwell/TCN Worldwide, northeastern Ohio’s largest locally owned commercial real estate firm.
  • Tom Sutherland, Principal at CASE Commercial/TCN Worldwide in Dallas, TX.
  • H. Ross Ford, President & CEO of TCN Worldwide in Richardson, TX. Mr. Ford is responsible for the strategic direction of the organization and the implementation of all expansion and networking initiatives.

About Bradford Allen 
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.

 

Bradford Allen Special Report

Trends In Healthcare Real Estate

Since 2010, the healthcare industry has been preparing for the Patient Protection and Affordable Care Act (ACA). As surgeons,
physicians and nurses prepped for the insurance exchanges to open up this October, it is still unclear what will happen in 2014.

Medical professionals are proceeding with extreme caution when making major decisions that will impact their core business
operations, specifically with regards to their real estate expenses. Hospital administrators are increasingly looking at their real estate
to control costs in response to revenue constraints and operating cost pressures. Much of this uncertainty has resulted in mergers,
acquisitions and strategic alliances. These consolidations are providing medical practitioners easier access to capital and greater
bargaining power with insurance companies.

While the future is somewhat uncertain, the healthcare sector is expected to remain relatively robust because of an aging “Baby
Boomer” population and the expansion of health insurance increasing traffic to health care facilities. The following are three distinct
trends that we continue to see within hospitals, healthcare systems, surgery centers and physician practices.

Read the Full Report