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Monthly Archives: April 2018

Q1/18 Downtown Chicago Office Market Report

The first quarter began with a plethora of positive economic and confidence indicators for Chicago and the nation (see box below), including Site Selection magazine choosing Chicago for the fifth year in a row as the top metro for potential corporate growth. These all point to a continuing demand for office space acquisition and expansion. The question remains, however, does the current and pending demand for office space necessitate the supply of the one million square feet added over the course of 2017 and the pending three to five million square feet projected to deliver to the urban core over the next three years?

 

To read the full report click here.

 

Bradford Allen Promotes Matt Wright to Director

Chicago, IL – Jeffrey A. Bernstein and Laurence B. Elbaum, Co-Founders of Bradford Allen, are pleased to announce that Matt Wright has been promoted to Director. Wright, formerly an Associate with the firm, joined Bradford Allen in 2014 and is a member of both the Downtown Chicago Tenant Representation and Landlord Representation leasing teams.

Wright is currently part of the leasing team that represents eight properties totaling over 1 million square feet including 209 West Jackson, 67 East Madison and 79 West Monroe. Additionally, some of Wright’s recently completed tenant representation transactions include representing Simple Mills in their new 10,000sf lease at 435 North LaSalle and Popular Pays new 6,800sf lease at 130 South Jefferson.

Prior to joining Bradford Allen, Wright worked at Echo Logistics after graduating from Southern Methodist University.
“Jeff and I are thrilled with Matt’s growth and maturity,” said Elbaum. “We both look forward to watching Matt progress as his career continues to take off”.

 

John Millner Promoted to Managing Director

Chicago, IL – Jeffrey A. Bernstein and Laurence B. Elbaum, Co-Founders of Bradford Allen, are pleased to announce that John Millner has been promoted to Managing Director. Millner, formerly a Director with the firm, joined Bradford Allen in 2009 and is a member of our Suburban Chicago leasing team.

Millner currently represents 14 properties totaling over 1.5 million square feet including 1751 West Diehl Road in Naperville and 396 Remington Boulevard in Bolingbrook. Some of Millner’s recently completed transactions include representing the ownership of 220 Remington Boulevard in Bolingbrook with a new 28,800 SF lease for S&S Activewear; representing the ownership of 25 Northwest Point in Elk Grove Village with the renewal and expansion of the American College of Occupational & Environmental Medicine (ACOEM) for 14,176 SF and partnering with Ryan Moen to arrange the sale of 130 West Liberty Drive, a 25,075 square foot retail property in Wheaton.

Prior to joining Bradford Allen, Millner worked as a commercial real estate advisor for O’Donnell Commercial Real Estate in St. Charles, Illinois.

“Jeff and I are could not be happier with John’s progress,” said Elbaum. “John has really made a name for himself as a Landlord’s representative in the Chicagoland Suburbs and his accomplishments are impressive. We both look forward to watching John take his career to the next level”.

John is a graduate of Eastern Illinois University where he earned a Bachelor of Science in Finance and a Master’s Degree in Business Administration. John has also earned his CCIM designation and resides in Lombard, Illinois with his wife and two sons.