Chicago, IL — Jeffrey A. Bernstein and Laurence B. Elbaum, Principals and Co-Founders of Bradford Allen, are pleased to announce that Managing Director Norm Murdoch completed a new 10,500-square-foot lease between Parkway Dental Services, LLC and the ownership of 501 West Lake. Parkway, a dental supplies and equipment provider, signed a seven-year lease for their first Illinois location.
“Parkway Dental sought a centrally located property within the Chicagoland suburbs with easy access for both clients and staff. In addition, they wanted the ability to be up and running quickly. We were excited to be able to fulfill both requirements with 501 West Lake, which is highly accessible to I-290, 1-294, and Route 83, in addition to its close proximity to the downtown Elmhurst Metra. It also happens to have been previously occupied by a tenant in the same industry, so the existing conditions were ideal for Parkway’s needs,” explained Murdoch.
Parkway was founded in New Jersey in 1975 and remains a family-operated business to this day. Serving the New Jersey, Delaware, and Eastern Pennsylvania dental community for over 40 years, their commitment to delivering a great experience for the dental team has allowed them to grow into a regionally known, highly respected, full-service provider of dental supplies and equipment.
“This transaction highlights Norm’s instincts and deep market knowledge. His understanding of the tenant’s needs, coupled with his awareness of the unique attributes of this particular space, allowed him to structure this deal to the benefit of both parties,” said Elbaum.
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.