February | 2020 | Bradford Allen

Monthly Archives: February 2020

Bradford Allen Promotes Dan Fernitz to Suburban Market Leader

Published February 25, 2020

CHICAGO, IL – Jeffrey A. Bernstein and Laurence B. Elbaum, Principals and Co-Founders of Bradford Allen, are pleased to announce that Executive Managing Director Dan Fernitz has been promoted to Suburban Market Leader. Fernitz, formerly with JLL, joined Bradford Allen in 2017 to lead the Agency Services practice, bringing over 30 years of experience in the commercial real estate industry to the firm. In his new role, Fernitz will manage Bradford Allen’s suburban brokerage offices, overseeing the realty services division for the firm’s growing Oak Brook-based brokerage team.

“Jeff and I could not be happier with Dan’s performance. Dan has proven to be a true leader, and we have the utmost confidence in him to build our overall suburban brokerage presence, as he has demonstrated in his ability to grow our Suburban Agency practice,” said Elbaum.

Prior to joining Bradford Allen, Fernitz managed the Suburban Chicago JLL leasing team for 13 years — and was directly responsible for growing their office leasing portfolio from 1.5 million to over 10 million square feet.

“I look forward to the continued growth of our Agency and Tenant Representation teams in the Chicago Suburbs. We are a collaborative group of professionals providing best-in-class services for our clients,” added Fernitz.

About Bradford Allen
Bradford Allen is a national commercial real estate firm based in the heart of downtown Chicago. The company offers a full array of brokerage services and expertise to entrepreneurial, corporate, and not-for-profit clients. Services include strategy, marketing, and transaction execution for occupiers, investors, and owners of commercial real estate. Bradford Allen is the brand name of Bradford Allen Realty Services. For more information, visit bradfordallen.com.

BA Negotiates 47,500 SF of Deals at 209 W. Jackson

Published February 18, 2020

CHICAGO, IL – Bradford Allen is pleased to announce that Andy DeMoss, Matt Wright, and Amy Zelasco have completed seven transactions totaling 47,500 square feet at 209 W. Jackson in Chicago on behalf of Miami-based owner Market Street Real Estate Partners.

DeMoss’s team completed seven transactions, including six new deals totaling 35,765 square feet. The new transactions include a 12,177-square-foot lease with Travel Leaders Group Holdings, LLC, a unified collection of travel brands, in a relocation from 600 W. Fulton and 566 W. Adams. Travel Leaders Group was represented by Andy Heyman and Steve Schneider of Cushman & Wakefield. Northwest Insurance Network, Inc. relocated from 515 N. State to 9,752 square feet and were represented by Jim Philbin of Wacker Partners, while Bill Hammerstein and Tina Crnkovich represented Porcaro Stolarek Mete Partners, LLC in a relocation from 223 W. Jackson for 7,690 square feet.

Other new deals include EDP Renewables North America, LLC from 134 N. LaSalle (2,146 SF; Kerry Gilar of JLL), Drift Net, LLC from 155 N. Wacker (2,058 SF), and the American Academy of Matrimonial Lawyers from 150 N. Michigan (1,942 SF; Kurt Walsh of ProTen Realty Group). Additionally, current tenant Barchart.com, Inc., a data and technology firm in the financial industry, signed a renewal for 11,674 square feet; Barchart was represented by Brian Duffy and Adam McCostlin of Cushman & Wakefield.

209 W. Jackson features a brand new lobby, renovated restrooms and common corridors, and the addition of a tenant lounge. New, exposed-ceiling spec suites have been leasing quickly. At the retail level, Starbucks also expanded, completing a new buildout to accommodate additional seating. Ownership recently commissioned an interior art installation, bringing in Miami artists to design original pieces for the building’s common areas.

“Our team has leased 209 West Jackson for two owners with two different strategies, and it has been fun to watch the building transform over time,” said Andy DeMoss, Senior Managing Director at Bradford Allen and team lead for the firm’s Downtown Agency Services practice.