Monthly Archives: March 2015

Bradford Allen Completes Lease Renewal for MedSpeed in Elmhurst

CHICAGO, IL – Bradford Allen Realty Services is pleased to announce that the firm’s Senior Managing Director Ben Azulay has completed a lease consolidation, expansion and renewal for 22,739 square feet on behalf of MedSpeed at 650-655 W. Grand Avenue (Corporate Commerce Center) in Elmhurst, Illinois.

Founded in 1999, MedSpeed is a technology enhanced healthcare transportation solutions provider. The firm has leased space within the Corporate Commerce Center for more than 10 years, and due to the firm’s success has grown to encompass four separate suites throughout the complex.  Again with a need for additional space, and to consolidate its employees under one roof, MedSpeed selected Bradford Allen to assist with finding them a solution to the firm’s space needs. As a result, Bradford Allen’s Azulay sourced a unique and strategic opportunity for the firm within the same property.

“After working closely with building ownership, we arranged the relocation of MedSpeed’s corporate operations from three smaller suites throughout Corporate Commerce Center to one larger suite and maintained a smaller suite for their logistic operations.” said Azulay. “We are pleased to have assisted MedSpeed in streamlining its operations under one roof and minimizing the disruption to its operations by remaining in the same complex, while also offering the space needed to accommodate the firm’s growth.”

“We anticipate that MedSpeed’s business and market-reach will continue to expand and are happy to have space to accommodate that growth,” said Jake Crampton, MedSpeed CEO. “Additionally, we wanted to keep our offices and operation in the same area because doing so makes it more convenient for our employees.”

Corporate Commerce Center was built in 1990, and offers a total of 142,095 square feet of flex space. The property is near several expressways, within minutes of O’Hare Airport and offers ample parking. Azulay represented MedSpeed in the lease negotiations and Patrick Lederer of Korman, Lederer & Associates represented Corporate Commerce Center.


About MedSpeed

The transportation of physical materials, such as patient specimens, pharmaceuticals, medical equipment, supplies, mail and print, is often overlooked by health system executives as a major component in meeting key business objectives, such as improving the patient experience, enhancing physician satisfaction, long-term cost savings and seamless integration and scalability post mergers and acquisitions. However, research shows that healthcare transportation has the potential to have significant impact at these high levels. MedSpeed partners exclusively with healthcare organizations to transform transportation from a cost center into a strategic asset that generates returns by integrating the enterprise-wide movement of physical materials.  The result is a high-performing, centralized operation that achieves greater operational efficiencies, more effectively utilizes scale, reduces operational expense, eliminates redundancies and capital expenditures, reduces risk and liability and centralizes services.


About Bradford Allen Realty Services

Bradford Allen Realty Services, a Chicago-based commercial real estate firm, offers a full range of 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


Chicago Commercial Real Estate – In the News

Tom’s Recommended Reading for the Week

  1. Chicago Named “Top Metro” for New and Expanding Companies – Mayor Rahm Emanuel today announced that for the second year in a row, Chicago was named the “Top Metro” in the nation* for corporate investment by Site Selection magazine, considered the “industry scoreboard for corporate investment and relocation professionals… World Business Chicago
  2. Chicago’s Willis Tower is on the market – and could fetch $1.5 billion – A potential sale is in the works for Chicago’s tallest building, a deal that could fetch almost $1.5 billion and shatter the city’s price record amid soaring property values downtown. The owners of the Willis Tower have hired Eastdil Secured to seek a sale, according to an offering book already given to potential buyers… Crain’s Chicago
  3. Group lays out its plan to spiff up Chicago’s Wabash Avenue – Wabash Avenue, critically located between the tourist attractions on Michigan Avenue and shopping on State Street, is poised to undergo a significant makeover.After more than a year spent collecting input and brainstorming, the Chicago Loop Alliance, the organization that promotes the downtown business district… Chicago Tribune
  4. Mead Johnson moving headquarters to downtown Chicago – Baby formula company Mead Johnson Nutrition is moving its headquarters to downtown Chicago from north suburban Glenview. Mead Johnson will bring 200 workers to River Point, a 52-story office tower under construction in the West Loop, the company and Mayor Rahm Emanuel announced today. Crain’s reported earlier today that Mead Johnson planned to move to the tower at 444 W. Lake St. along the Chicago River… Crain’s Chicago
  5. The Case Against Open Offices – I love the constant frenzy of activity at 1871’s front door. There are more than a thousand people a day regularly passing through it. There are visitors stopping by for a press conference or to attend a class, lecture, or luncheon… Chicago Tribune