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Monthly Archives: March 2017

Bradford Allen Hires New Leasing Team

Chicago, IL – Bradford Allen is pleased to announce that Jim Higdon and Kate Forthofer have joined Bradford Allen as a Managing Director and Associate respectively. Bringing a combined 20 years of experience to Bradford Allen the pair will be joining the tenant representation team in our Oak Brook office focusing on the Chicagoland suburbs. Before joining Bradford Allen Higdon and Forthofer worked with Transwestern in Chicago.

Jim is a graduate of Illinois State University with a BSBA in Accounting and Finance. Before entering the world of commercial real estate, Jim was a CPA for a suburban accounting firm and a controller for a packaging company. Jim’s strong financial background and depth of market knowledge have contributed to his success in helping clients save money, increase flexibility and reduce risk. Jim’s client list includes Fidelity Investments, Ingersoll-Rand, Liberty Mutual, RUSH University Medical and JM Smuckers.

Kate is a graduate of North Central College with a Bachelor’s degree in Communications. Prior to working in real estate Kate specialized in business development for telecommunication providers and furniture manufacturers. Since Partnering with Jim, two years ago, she has earned the reputation as an outstanding generator of new business opportunities.

“Jim and Kate’s in-depth knowledge and experience in the East/West & Northwest markets makes them an invaluable addition to our suburban practice overall,” said Elbaum. “We are very excited to welcome them to the BA team.”

 

First Quarter 2017 Chicago Downtown Office Market Report

During the first quarter of 2017, 150 North Riverside officially opened and welcomed Polsinelli, Studley and Linden Capital as tenants. In the largest deal of the quarter, Context Media signed a lease for 400,000 square feet at 515 North State Street.

 

To read the full report click here.

 

Bradford Allen Completes New Lease for S&S Activewear in Bolingbrook

Chicago, IL – Bradford Allen is pleased to announce that Director’s John Milner and Ryan Moen have completed a lease transaction with S&S Activewear to occupy 28,746 square feet of space at 220 Remington in Bolingbrook. Milner and Moen represented the owner, Indevor Development in the transaction at the recently renovated property. The new tenant was represented by Cushman & Wakefields’ Britt Casey and Ned Franke.

S&S Activewear is an imprintable clothing, accessory and uniform wholesaler with additional locations in Kansas, New Jersey and California. Currently located just a mile away in Bolingbrook in an industrial building at 581 Territorial Drive the company will be relocating office staff into the new office space while keeping industrial operations at 581 Territorial Drive. They will be occupying the entire third floor of the building.

220 Remington was purchased in the summer of 2016 by Indevor Development and the new owners immediately started on renovations. “The building had been vacant for nearly 10 years and the Bolingbrook office market is very tight so this made it a great opportunity for the developer,” according to Millner. “There are not a lot of office options in Bolingbrook and even fewer “high end” options. The building also has a parking ratio of 8:1,000 which is very difficult to find in the suburbs, this made it a great option for S&S Activewear who has a dense layout,” said Millner.

220 Remington is an 81,000 square-foot, Class A office property. Some of the renovations that have been completed include new parking lot, new roof, new HVAC system, new windows, updated common areas, new lobby and new elevator systems. ATI Physical Therapy is also currently in the building on the first floor.

 

Bradford Allen Completes Renewal for Illinois Action for Children

Chicago, IL – Bradford Allen is pleased to announce that Julie Lane has represented the non-profit, Illinois Action for Children in a lease renewal at 1340 S Damen Avenue in Chicago. The group will be staying in its current space of almost 40,000 square feet on the second floor for an additional five years.

Illinois Action for Children, a client of Julie’s for the last 15 years, works to create systems of early care and education to help strengthen families and communities. The group was founded in 1969 and serves over 150,000 children and families in Chicago each year. They work to ensure that families have access to high-quality opportunities promoting their safety, health, and happiness by ensuring that early care and educational programs are affordable and accessible. They also work with child care providers and early childhood educators to improve the quality of these programs.

“This building is ideally suited for the client’s needs,” according to Lane, “the large, wide open floor plates and the abundance of parking at the building really caters to large non-profits.” The building is also under new ownership which was an additional factor in the decision, “the new ownership has some exciting plans for rehabbing the building which was another reason ILAFC was ready to recommit to the building.”

1340 S Damen is a 193,000 square-foot Class B loft, office located in Pilsen. Other tenants in the building include Vitas Healthcare and Lutheran Social Services of Illinois.