Monthly Archives: November 2022

CRE Office Pulse 007: Chicago Remains a Top Prospect

For corporate headquarters decisions, Chicago ranks well among its competitors, and the reasons companies chose the city prior to the pandemic have remained relatively unchanged. The diverse talent pool, favorable location, extensive transit options and relatively less expensive cost-of-living creates an ideal situation for employers and employees. Even though the pandemic created a structural shift in the office market, companies continue to reaffirm their commitment to city, helping the long-term stability of Chicago’s CBD.

Read on to find out more

 

Bradford Allen Investment Advisors Acquires Office Portfolio in Greenwich, Conn.

New York, NY — November 7, 2022 — Bradford Allen Investment Advisors (BAIA), a subsidiary of Bradford Allen, has announced the acquisition of a two-building, Class A office portfolio located in Greenwich, Conn. The portfolio comprises 1 Lafayette Place and 1 E. Putnam Avenue—both 100% leased—and was sold through a joint venture between Global Gate Capital and Lincoln Property Company. Steve Bardsley, Jeffrey Dunne, and Travis Langer of CBRE represented the sellers.

Situated near Greenwich Avenue in the Central Business District, the 90,268-square-foot, two-building complex includes high-profile, institutional tenants such as Wells Fargo and BlackRock.

“Greenwich is already one of the strongest CBD markets in the country and still holds immense potential. These buildings are examples of the market’s attractive conditions and high demand, and the acquisition reflects our strong belief in the ability of physical office space to remain the central pillar to transacting business,” said Jason Gold, executive managing director at Bradford Allen.

The transaction marks the Chicago-based real estate firm’s first New York-area acquisition in a move that further underscores its commitment to the local market. Bradford Allen opened its first dedicated New York office in 2021, tapping veteran broker Glenn Isaacson to oversee operations. The firm’s New York office is located at 777 Third Avenue in Manhattan.


About Bradford Allen
Bradford Allen (BA) is a national commercial real estate firm based in the heart of downtown Chicago. Founded in 2003 by principals Jeffrey Bernstein and Laurence Elbaum as an office brokerage, the firm has grown into a vertically integrated commercial real estate company, offering a full array of services and expertise across multiple U.S. markets to entrepreneurial, corporate and not-for-profit clients, including strategy, marketing and transaction execution for occupiers, investors and owners. For more information, visit bradfordallen.com.

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Editors:
For more information, contact Jeremy Barewin at [email protected] or (312) 267-4533.