CHICAGO, IL – Bradford Allen Realty Services is pleased to announce that Senior Managing Director Ben Azulay and Director Justin Kessler have completed a new 19,538 square foot lease on behalf of Walton Isaacson at 325 N. LaSalle Street (Reid Murdoch Center) in Chicago.

Founded in 2006, Walton Isaacson is an independent marketing agency with offices in Los Angeles, New York, Chicago and Miami. Due to the firm’s organic growth and need for additional space, Walton Isaacson chose to relocate from 400 N. State Street where they are spread over multiple floors to the 5th floor of the Reid Murdoch Center where they will have room for continued growth.

Azulay and Kessler assisted the firm with its site selection analysis, ultimately securing space at the Reid Murdoch Center based on its location as well as the building’s large floor plates. Walton Isaacson will move into their new office this summer.

“We are pleased to have assisted Walton Isaacson in this relocation and in streamlining its operations to create greater efficiencies,” said Bradford Allen’s Kessler. “This transaction enables the firm to stay in River North, while also accommodating the need to house all of its employees on one floor.”

Azulay and Kessler represented Walton Isaacson in the lease negotiations. The Reid Murdoch Center, which is owned and leased by Friedman Properties, was represented by Robert Zimmerman.

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.

CHICAGO, IL – I.H.P. Highland LLC has purchased 1920 S. Highland Avenue in Lombard, Illinois. The property acquisition was financed by a loan from A-10 Capital. Chuck Hoag, Senior Managing Director of Bradford Allen Capital arranged the financing on behalf of I.H.P. Highland LLC.

Built in 1988, 1920 S. Highland Avenue is a Class B, 53,195 square foot office building in the East-West Corridor located near the intersection of I-88 and I-355. The property is ideally located within minutes of an abundance of upscale shopping and dining destinations at Yorktown Shopping Center and along Butterfield Road.

The new owner engaged Bradford Allen Capital to secure financing for the property. Chuck Hoag was able to arrange a long term, non-recourse acquisition loan from A-10 Capital.

“The emergence of non-bank lenders like A-10 Capital, who pursue middle market opportunities, gave the partners several competitively priced non-recourse borrowing options,” said Hoag. “In the past for this type of asset their only option would have been a traditional loan from a local bank.”

This is the second acquisition I.H.P. Highland has completed this year. The owner purchased the adjacent property, 1910 S. Highland in March. 1910 and 1920 S. Highland will be marketed together and ownership plans to renovate the parking lot, HVAC systems and the common areas of the buildings. Bradford Allen’s Ryan Moen and John Millner will be representing both properties.

“The Principals of I.H.P. Highland chose to work with us again based on our relationship and successful track record,” said Moen. “We value and take pride in those we have the honor to work with on a repeat basis. It is a testament to our hard work and commitment to our clients.”

Like 1910, 1920 S. Highland was acquired from the properties prior lender following foreclosure.

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 www.bradfordallen.com.

LOS ANGELES, CA – Bradford Allen has partnered with Security Benefit Life Insurance Company to provide $30.0 million in financing for the acquisition and renovation of the Beverly Hills Country Club, a bath and tennis facility located in the Cheviot Hills’ neighborhood of West Los Angeles.  The club was purchased by a joint-venture between Meriwether Companies of Boulder, Colorado, and Singerman Real Estate, a Chicago-based investment fund.

The Club is situated on 3.91 acres and is improved with a 34,885 sq. ft. clubhouse, 10 lit tennis courts and an outdoor swimming pool.  Ownership plans a series of renovations, which will dramatically improve the exterior appearance, interior, and amenities.

“We provided the sponsors with a complete financing solution and the certainty of execution they needed to acquire the property,” said Joseph Wittrock of the Security Benefit Investment team.  “We are excited to see the renovation come together and believe the resulting product will be very special for the members of the Club.”

The financing was originated by Chuck Hoag of Chicago-based Bradford Allen Capital, which has a correspondent lending relationship with Security Benefit.

“Financing for these kinds of assets, similar to golf clubs and marinas can be very challenging. In this case, we had the benefit of Meriwether’s development experience and Singerman’s financial strength combined with an irreplaceable location.” Hoag said. “Our partners at Security Benefit quickly saw the potential in the deal and made a decision to partner with the sponsors and move to close. We had a tight deadline, but we got it done thanks to a total team effort by the lender and sponsors.”

About Bradford Allen Capital

Bradford Allen Capital originates and services permanent, bridge and construction financing in the form of senior-secured commercial debt, mezzanine debt and preferred equity for commercial properties nationwide. The firm 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.