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Monthly Archives: December 2015

Bradford Allen Completes Lease Renewal for Lubin-Bergman in Northbrook

CHICAGO – Bradford Allen Realty Services is pleased to announce that Laurence Elbaum, principal and co-founder of the firm recently completed a lease renewal on behalf of Lubin-Bergman Organization, Inc. for 7,700 square feet for the firm’s headquarters located at 5 Revere Drive in Northbrook, Illinois.

Founded in 1923, Lubin-Bergman Organization, Inc. is a full-service insurance agency. The firm provides personal and commercial insurance, with a niche in the jewelry industry. Headquartered at 5 Reverse Drive in Northbrook since 2005, Lubin-Bergman Organization, Inc. selected Bradford Allen’s Elbaum to assist with evaluating their headquarter location, which ultimately led to securing a long-term renewal within the same property.

“5 Revere Drive is an excellent property for Lubin-Bergman, conveniently located with easy access to public transportation, restaurants and local retailers.  This building also has the added benefit of underground parking and in-building food service.” said Elbaum. “We are pleased to have arranged this renewal for Lubin-Bergman with advantageous deal terms.”

Elbaum represented Lubin-Bergman Organization, Inc. in the lease negotiations and Dan Fernitz of JLL represented ownership.

 

 

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 Commercial Real Estate – In the News

Jill’s Top 5 Articles From This Week

  1. Hamilton Partners has acquired Highland Pointe, a Class A office complex in Lombard, Illinois…Comprised of two buildings, Highland Point totals 388,000 square feet of premium office space in the E/W Corridor. – REJournals
  2. After more than two years of waiting and renovating, Google has moved into its new digs in the West Loop. More than 650 Googlers relocated earlier this month from River North to their new offices at 1000 W. Fulton Market. The company will formally open the office with a ribbon-cutting Dec. 3. Like other Google offices, this one will allow pets. – Crain’s Chicago
  3. A summary of deals in commercial real estate throughout the Chicagoland area: This week’s Chicago Deal SheetBisnow
  4. Glassdoor, the online human resources site where users can rate their bosses and jobs, said it plans to open a Chicago office early next month and hire more than 250 people over the next three years. Glassdoor said this will be the company’s fifth worldwide office and it will announce the Chicago office location “shortly.” – Chicago Business Journal

  5. Crowdfunding has become something of a buzzword among investors these days and it’s been particularly well received in the real estate sector. Though it’s still in its infancy, real estate crowdfunding is rapidly reshaping the way individuals find and invest in properties. This shift has brought benefits not only for investors but also for real estate companies and for the real estate market as a whole. – Forbes