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Bradford Allen Adds Four Suburban Properties to Leasing Portfolio

CHICAGO – Bradford Allen is pleased to announce the firm has been hired as the exclusive leasing agent for four new suburban properties, adding to their growing Chicagoland agency practice. Earlier this month, a Minnesota-based institutional investor took control of 115, 121 and 125 South Wilke Road in Arlington Heights and 1920 South Highland Avenue in Lombard through a deed-in-lieu of foreclosure. SVN Crossroads Management will be handling asset and property management for the assignments.

The 123,500 square foot Wilke office plaza, located one block from the intersection of South Wilke Road and Euclid Avenue, is approximately 67 percent leased. In close proximity to the Cook County Circuit Court and Northwest Community Hospital, the buildings contain a mix of medical office and professional services tenants. Bradford Allen Director John Millner, along with Director Allison Reynolds, will be leasing the properties. In collaboration with SVN Crossroads Management, a rebranding, repositioning and capital improvement program is being planned.

“The buildings have great intrinsic value,” said Bradford Allen, Principal and Co-Founder, Jeffrey Bernstein, who leads the firm’s agency practice. “They’re simply in need of some selected, capital improvements, and an aggressive leasing and marketing program.”

Similarly, Bradford Allen and SVN Crossroads Management will partner to reposition and rebrand 1920 South Highland Avenue, a three story, 54,400 square foot office building located near the intersection of Highland Avenue and 22nd Street. The well-located property, with close proximity to I-355 and I-88, is approximately 60 percent occupied. Bradford Allen Director Ryan Moen will handle leasing efforts for the assignment along with Reynolds.

“We are excited to team with Bradford Allen on these projects,” said SVN Crossroads Management Principal, Lee Kotler. “Their long track-record of success and deep roots in the suburban market arena and their fresh marketing approach make them well positioned to help turn these assets around.”

 

About Bradford Allen 
Bradford Allen Realty Services, a Chicago-based, national commercial real estate company provides a full array of brokerage services and expertise to entrepreneurial and corporate business entities as well as not-for-profit organizations.  The firm provides real estate strategy, advice, marketing, and transaction execution for occupiers, investors and owners of real estate. For more information please visit our website at www.bradfordallen.com.

 

About SVN Crossroads Management
SVN Crossroads Management is an award-winning full service real estate management firm, providing property management, asset management, construction management and consulting services on a variety of commercial real estate assets throughout the Chicagoland area and in selected markets nationwide. Currently, the portfolio of assets under management is over 2 million square feet. http://www.svncrossroads.com/