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Bradford Allen Completes New Lease for MedSpeed in Elmhurst

Chicago, IL – Bradford Allen Realty Services is pleased to announce that the firm’s Principal & Executive Managing Director Ben Azulay and Senior Managing Director Joel Berger have completed a new headquarter lease for 41,542 square feet on behalf of MedSpeed at 140 Industrial Drive in Elmhurst, Illinois.
In operation since 2000, MedSpeed is the industry leader in healthcare intra-company logistics with more than 2,200 MedSpeeders (employees) and 130 locations across the U.S. MedSpeed has leased space for its central support and Chicago operations within the Corporate Commerce Center for more than ten years.

Servicing healthcare organizations across the country, including 19 of the top 100 US health systems, MedSpeed has grown by 350% over the past five years. Due to this growth, the company required a new headquarters for its central support and Chicago operations, including warehouse space, and above average parking for their fleet of vehicles. As a result, Azulay and Berger sourced a unique and strategic opportunity: a single tenant flex office building with an extensive parking lot.

“We are pleased to have assisted MedSpeed in finding a solution for their specific operational requirements while providing a long-term home that will accommodate their growth well into the future,” said Azulay.

“Our significant growth is the result of the invaluable contributions of our customers and our incredible team of MedSpeeders,” said Wesley Crampton, COO of MedSpeed. “We needed a new space to accommodate our expanding team and wanted to make sure that it supported our culture of collaboration and comradery. We are thrilled with the new space that Bradford Allen helped us find.”

140 Industrial Drive was built in 1973 and offers a total of 41,542 square feet of flex space. The property is close to I-290, I-294, and I-80, within minutes of O’Hare Airport and offers 250 parking spaces. Azulay and Berger represented MedSpeed in the lease negotiations, and Patrick Lederer of Korman, Lederer & Associates represented 140 Industrial Drive.

About MedSpeed
With 130+ locations in 29 states, MedSpeed is the market-leading organization in healthcare intra-company logistics. Since 2000, MedSpeed has partnered with healthcare organizations to transform same-day transportation from a cost center into a strategic asset that provides long-term returns. Using transportation to drive economic value in areas well beyond transportation itself, enables MedSpeed’s customers to share equipment between facilities, reduce capital expenses and disintermediate the use of third-party shipping for the delivery of medical supplies to physician offices and clinics. Creating a strong, fully connected logistics network supports the centralization or outsourcing of other functions including redundant laboratories and fill pharmacies, print shop, mail, linen and more.

 

Norm Murdoch Joins Bradford Allen as a Managing Director

Chicago, IL – Dan Fernitz, Executive Managing Director of Bradford Allen Agency Services, is pleased to announce that Norm Murdoch is joining the firm as a Managing Director. Murdoch, an Agency leasing specialist, has 17+ years of experience in the commercial real estate industry and will be responsible for helping increase the firm’s presence in both the Northwest suburbs and East/West corridor. Murdoch will be based in the firm’s Oak Brook office.

Murdoch joins Bradford Allen from JLL where he was a Senior Vice President and represented over 1.5 million square feet of office product in the Northwest suburbs as well as the East/West corridor. Murdoch’s prestigious list of current and past clients includes Sovereign Partners, Sperry Equities, Piedmont Office Realty Trust and Barings Advisers. Prior to his tenure at JLL, Murdoch was a Senior Director at C&W and a Vice President at Trammel Crow.

“Norm is an extremely well-respected veteran of the Chicagoland brokerage community. I believe his experience and established industry relationships will make him a valuable addition to our agency services division. We are thrilled to welcome him to the BA team,” said Fernitz.

“I’m very excited to be joining Bradford Allen and to have the opportunity to be reunited with Dan Fernitz. Bradford Allen’s platform and collaborative culture coupled with its entrepreneurial spirit will give me the resources and support I need to support my current and future clients”, said Murdoch.

 

Bradford Allen Represents Holden Industries in Lease Renewal

Deerfield, IL – Bradford Allen is pleased to announce that Managing Director Matthew Alexander has completed a lease renewal on behalf of Holden Industries at 500 Lake Cook Road in Deerfield, IL. The company signed a long-term lease renewal and will continue to occupy 8,713 SF on the 4th Floor. Brett Ratay of Lincoln Properties represented the Landlord.

Holden Industries is a 100% employee-owned corporation headquartered in Deerfield, Illinois. Holden is currently comprised of four core businesses. Each business operates in a distinct industry including; Nosco, a leader in providing printed packing solutions for the pharmaceutical industry, Setco, a global leader in the design, manufacture & service of high performance precision spindles and slides, Vac-Con, a manufacturer of high-performing, rugged products for sewer cleaning, industrial vacuuming, hydro excavation and water jetting, and Wildeck, a manufacturer of safety guards, barrier rail, mezzanines, work platforms, material lifts, (VRCs) and rideable lifts, access equipment, crossovers, rolling ladders, and handrail.

“Holden Industries’ long-term commitment to this property and area speaks to the company’s desire to have a great work environment that’s convenient for its employees,” said Alexander. “The new deal allowed Holden to modernize its existing conditions while making it more suitable for its current operations and future growth.”

500 Lake Cook Road is part of the Corporate 500 Office Campus and offers its tenants the features and benefits of a downtown property without the hassle of a lengthy commute. Corporate 500 consists of a four-building Class A office campus totaling approximately 700,000 RSF. Located between I-294 and I-94, Corporate 500 is the only suburban office complex with direct access to the commuter rail system and the Chicago CBD via the Lake-Cook Metra Station. The Campus is maintained and managed to the highest institutional standards with current ownership investing in significant capital projects including common area renovations, lobby upgrades, elevator modernizations, installation of a fitness center and several mechanical upgrades to improve operational efficiency.

 

Bradford Allen Welcomes Wipfli to Tri-State Office Center

Lincolnshire, IL –– Dan Fernitz, Executive Managing Director of Bradford Allen Realty Services, is pleased to announce that the firm has recently completed a new lease with Wipfli LLP (Wipfli) for 33,431 square feet at Tri-State Office Center in Lincolnshire, Illinois. Bradford Allen was named the exclusive leasing agent for the five-building, 560,000 square foot office, Class A office complex upon the sale of the property back in September 2017.

A top 20 national accounting and consulting firm established in 1930, Wipfli has continued to keep pace with the growing Chicago market-needs by combining with five local firms in the last three years alone — expanding their breadth of services and geographic reach. The firm’s focus on a larger, unified Chicagoland presence resulted in a necessary combined office expansion. This new location at Tri-State is a consolidation of four northern Illinois Wipfli offices into 33,431 square feet on the third floor of the 100 building. Wipfli was represented locally by Gary Fazzio, Jon Springer and James Otto of CBRE in partnership with the Davidson Companies based in Minneapolis, Minnesota. Matt Alexander, Managing Director, and Milan Gacanovic, Associate of Bradford Allen, as the new leasing agents, together with Jon Connor of Colliers, the former leasing agent, represented ownership in the transaction.

“Wipfli recognized the value of bringing their North Suburban teams to a single location,” said Dan Fernitz. “The new workspace will allow for stronger collaboration among the Wipfli staff and future growth within the complex. On-site amenities combined with building signage on Interstate 94 provide a very exciting long-term occupancy opportunity.”

Constructed between 1984 and 1989, Tri-State Office Center sits on 38 acres of beautifully landscaped grounds at the four-way interchange of the Tri-State Tollway (I-94) and Half Day Road (Route 22). The complex offers an unparalleled amenity center, including a conference center and a 135-seat auditorium in the 200 Building, along with a fitness center and deli in the 300 building. Ownership is in the early stages of completing $17 million worth of renovations and improvements to the property, including upgrades to the elevators, roofs, cooling towers, parking and common areas.

About Wipfli
With more than 2,000 associates in 48 locations in the United States and two offices in India, Wipfli ranks among the top 20 accounting and business consulting firms in the nation. For over 88 years, Wipfli has provided private and publicly held companies with industry-focused assurance, accounting, tax and consulting services to help clients overcome their business challenges today and plan for tomorrow. Through the firm’s membership in Allinial Global, Wipfli can draw upon the resources of firms from around the world, helping businesses whenever and wherever they need it. For more information, visit wipfli.com.

 

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”.