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Monthly Archives: April 2017

Bradford Allen Announces 8 Transactions Totaling 22,245 RSF in Des Plaines

Des Plaines, IL – Bradford Allen Realty Services is pleased to announce that the firm has recently completed four new leases, and four lease renewals at 1400 E Touhy in Des Plaines, Illinois, bringing the building occupancy to 85%.

Joel Berger, Senior Managing Director at Bradford Allen and exclusive leasing agent for the building, completed the four new leases totaling 11,683 RSF. The new transactions include a 6,502 square foot lease with Great Lakes Home Health, a branch of Great Lakes Caring, providers of home health and hospice care, Great Lakes was represented by Michael Webber and Jim Berkmeier of Advocate Commercial. In addition, Seal-tight Protective Services, a security services company signed a deal for 2,517 square feet; Naigai Trans Line, a freight transportation company leased 982 square feet and Design Fusion, a software company, leased 1,682 square feet.

The four lease renewals totaling 10,562 square feet include Paradigm, a digital marketing services agency who renewed 2,110 square feet; IMV Medical Information, a medical research and consulting firm renewed for 2,748 square feet; Ian Ryan & Associates, a video production, and interactive media company, renewed 2,668 square feet and A Hardy, a premium spirit, and wine import company, renewed 3,036 square feet.

1400 E Touhy is a four-story, 126,088 square foot office building built in 1969. It is easily accessible from all major residential areas in the O’Hare submarket. O’Hare International Airport, commuter rail lines, the CTA and i-294 and Route 83 with a new exit off I-90 at Lee Street less than a quarter mile from the building. Additionally, tenants are across the street from the All-State Arena and three major retail centers.

“We have experienced a dizzying amount of leasing activity in a short period,” said Michael Pontarelli, Senior Managing Director, Bradford Allen.

 

Bradford Allen Completes Three New Lease Transactions at 1006 S. Michigan

Chicago, IL – Bradford Allen is pleased to announce that Matt Wright, Associate Broker at the firm, has completed three lease transactions at The Lightner Building, 1006 S. Michigan Avenue in Chicago.

1006 S. Michigan is a 62,000 square foot brick and timber loft building in the South Loop. Bradford Allen was hired by ownership, JK Equities, OAKS Capital and Time Equities, Inc as the exclusive leasing agent for the property in late 2015 and has brought the building’s occupancy to 92.5%. Ownership has renovated the property including replacing the entryway doors, cosmetic upgrades to the lobby, and updating the security systems. Ownership acquired the building in concurrence with their planned 832ft Helmut Jahn designed, ¬¬¬¬condominium tower at 1000 S. Michigan Ave.

Wright successfully negotiated a ten-year lease with Corvita Health and Associates for 5,200 square feet on the 5th floor. Their first office in the Loop; Corvita will occupy the space in conjunction with their founder, Dr. Martin Burke who will run his cardiology practice. “The tenant loved the loft-feel and convenient location,” said Wright.

In addition, Wright also completed a new 3,000 square feet lease with BatesMeron Sweet Design, a full-service marketing, and branding agency, on the 6th floor; Diana Himmelstein of Tenant Advisory Group represented BatesMeron. They relocated from River North, “We hope that stretch of Michigan soon rivals that of the blocks to the North of it and we’ve made an 11-year commitment to ensure we get to enjoy that development for a long time” Said Becka Bates, President of BatesMeron Sweet Design.

Also, Roots of integrity, a Pilates and yoga training facility signed a new lease for 776 square feet, ownership hopes their addition will be viewed as an amenity in itself.

“Given the boom in multifamily construction in the area, we have experienced a spike in activity from potential tenants that have employees living in the area as well as service based companies who often bring clients into their space, such as insurance firms, CPAs, fitness groups, for example.” Said Wright “Furthermore, we have seen quite a few creative and tech groups interested in the building due to the rising prices of similar loft office buildings in River North and the lack of ready supply in Fulton Market.”

 

Bradford Allen Represents Vapiano in New River North Location

Chicago, IL – Bradford Allen is pleased to announce that Matt Alexander and John Skalla have completed a lease transaction on behalf of Vapiano at the 630 N Rush Street for the companies’ newest restaurant location. Vapiano will be opening a new 9,188 square feet restaurant, inside the AC Hotel Marriott on the corner of Rush and Ontario. CBRE’s Todd Siegel & Phil Golding and Bruce Westling of NAI MLG Commercial represented the Landlord.

Spread over two floors this new restaurant will serve Vapiano’s trademark homemade fresh pasta, pizza, and salad made-to-order by chefs from an open kitchen. The company has an established location at 44 S Wabash and more than 181 locations in 31 countries. The company is actively expanding operations in Chicago, and Bradford Allen is currently looking at sites for a Mini Vapiano, which is a new concept that was most recently rolled out in Europe.

“We knew this would be the perfect space for Vapiano’s newest restaurant. They are ideally situated in a high traffic area; in proximity to busy North Michigan Avenue.” said Alexander, “Few fast-casual restaurants provide such good quality food as quickly as Vapiano.”

Located in premier retail space right at the heart of the magnificent mile this new Vapiano will be an assured destination for the shoppers, tourists, business and residents of River North. The corner space provides excellent visibility, and the site is within four blocks of fifteen hotels. Vapiano plans to have the restaurant open for business in the early fall of this year.