Bradford Allen Acquires 100-Key Hotel at Westgate Entertainment District in Glendale, Ariz.

With Aloft Glendale at Westgate, firm expands national hospitality platform to 800 keys across six assets

CHICAGO/GLENDALE, Ariz. — Bradford Allen, a national full-service real estate firm, today announced its investment arm has acquired Aloft Glendale at Westgate, a 100-key hotel in Glendale, Ariz. Located at 6920 N. 93rd Ave., the hotel marks the firm’s second acquisition in the Westgate Entertainment District, joining nearby TownePlace Suites Glendale, an extended-stay hotel purchased in late 2022.

“With the Phoenix metro continuing its growth trajectory and Glendale – which has hosted multiple Super Bowls and is the site of the NCAA Final Four in April – as an epicenter of commercial activity, this acquisition further bolsters the firm’s strategy to acquire high-quality hotels in experience-driven markets,” said Aghfar Arun, director, Bradford Allen. “The Aloft presents a unique opportunity to build on the success we’ve achieved at TownePlace Suites Glendale, complementing the extended-stay offering there with a distinctive select-service product and robust amenities package while leveraging Marriott’s industry-leading booking platform.”

Bill Murney of Cushman & Wakefield represented the seller, HCW Hospitality & Development, in the transaction.

Aloft Glendale’s on-site amenities include an outdoor splash pool, Re:charge? fitness center, gift shop, convenience store, meeting spaces, social lounge and the W XYZ® bar featuring a full menu, signature cocktails and live music. Residing in the Westgate Entertainment District, the hotel is close to numerous retail, restaurant and entertainment offerings, including State Farm Stadium, Desert Diamond Arena and Camelback Ranch.

Since launching its hospitality platform in 2022, Bradford Allen has acquired six hotels totaling 800 keys. In addition to Glendale, the firm currently owns hospitality assets in Riverside, N.Y., on Long Island and close to the Hamptons; Rosemont, Ill., in the O’Hare submarket outside Chicago; and Iowa City, Iowa, near the University of Iowa campus. The firm plans to significantly grow its portfolio this year.

About Bradford Allen:
Bradford Allen (BA) is a 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.

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

 

BA Development Company Names Michael Cannon as Senior Managing Director

Former Sterling Bay executive will oversee adaptive reuse, renovation, and new construction of residential and commercial real estate

CHICAGO, IL — BA Development Company today announced industry veteran Michael Cannon has joined the firm as senior managing director, overseeing adaptive reuse, renovation, and new construction of residential and commercial real estate. Before joining BA Development Company, Cannon was a vice president with Sterling Bay, where he managed the development of life science and other office properties as well as multifamily projects in Chicago and other major U.S. cities.

“Michael has vast knowledge of the construction industry and a proven track record of leadership and success building new developments in the U.S. and internationally,” said Jeff Bernstein, principal and co-founder of Bradford Allen. “As we identify more opportunities for ground-up construction or capital improvements in the office, retail, multifamily, and industrial sectors, Michael is a natural fit to help us accelerate our pipeline of large-scale projects in top-tier markets across the country.”

Cannon will manage design, construction, and consulting teams through every stage of the development process, from pre-construction to completion. He will play a pivotal role in several of BA Development Company’s current high-profile new construction and adaptive reuse projects in Illinois, Indiana, Florida, and Tennessee, including a mixed-use project in Arlington Heights, Ill., featuring 300 apartments, 25,000 square feet of retail and a 150,000-square-foot medical office complex known as ArlingtonMed.

Before Sterling Bay, Cannon served as senior development manager with Chicago-based Golub & Company, where his accomplishments included the successful adaptive reuse of Chicago’s Tribune Tower from office space to luxury condominiums and upscale retail on the Magnificent Mile. He also completed development of 1001 South State, a 40-story, 397-unit luxury apartment tower in Chicago’s South Loop.

His other roles included founding Viridios, Ltd., where he supervised the construction of a $225 million power plant in Kuwait, and project manager with ARCH Consultants, Ltd.

Cannon’s roots are in construction, having established his own firm in Chicago soon after finishing his undergraduate degree. After building a foundation in the industry, he pursued law school and transitioned for a time to a legal career, focusing on construction transactions and litigation.

He holds a B.A. from the University of Texas at Austin and a Juris Doctor from Loyola University Chicago. Cannon has been a LEED-accredited professional since 2004, is admitted to the Illinois State Bar and the United States District Court for the Northern District of Illinois and is president of the Old Irving Park Association.

About Bradford Allen:
Bradford Allen (BA) is a 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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For more information, contact Jeremy Barewin, [email protected], (312) 267-4533.

 

Bradford Allen Hospitality Acquires Two Hotel Properties on Long Island

Marriott Residence Inn, Hilton Garden Inn located on adjacent sites in Riverhead, N.Y., 20 miles west of the Hamptons

NEW YORK, NY — Bradford Allen Hospitality today announced it has acquired two adjacent hotel properties in Riverhead, N.Y., on Long Island — a 131-suite Residence Inn by Marriott located at 2012 Old Country Road and a 114-key Hilton Garden Inn at 2038 Old Country Road. The hotels are the closest eastbound Hilton- and Marriott-branded properties to the Hamptons, located approximately 20 miles away.

Built in 2017, Residence Inn Long Island East End is highly amenitized with a 24-hour fitness center, indoor and outdoor pools, whirlpools, and expansive wedding and banquet facilities, far exceeding typical Residence Inn brand standards. The Hilton Garden Inn Riverhead, built in 2008, features a patio with whirlpool and fire pit, indoor pool and fitness center. The property is expected to undergo a transformative multimillion-dollar renovation over the next year.

The sale of the properties, by a local developer who was the original owner of both assets, was completed off-market. New Castle Hotels and Resorts will retain management of both hotels.

“While many firms have been sitting on the sidelines waiting to see what happens with interest rates, Bradford Allen is well capitalized and actively seeking out high-quality assets like these for our portfolio,” said Aghfar Arun, director, Bradford Allen Hospitality. “The Riverhead properties offered a unique opportunity with two adjacent core brands from the nation’s top two hoteliers, in a prime, high-density location, with an opportunity to add value through upgrades. As we continue to look at opportunities to expand our hospitality portfolio, we place a premium on similar types of assets that are institutional-quality hotels in experience-driven markets, catering to leisure and business travelers.”

Over the past 18 months, Bradford Allen Hospitality has acquired four hotels totaling nearly 550 keys, tripling its hotel portfolio. In addition to Long Island, the firm currently owns hotel assets in the Glendale Sports and Entertainment District in Glendale, Ariz., a suburb of Phoenix; Rosemont, Ill., in the O’Hare submarket outside Chicago; and Iowa City, Iowa, near the University of Iowa campus.

Launched in 2022, Bradford Allen Hospitality is a specialized hotel ownership platform, investing opportunistically in premium hotel product. It is a wholly owned subsidiary of Chicago-based Bradford Allen, a vertically integrated real estate firm providing end-to-end real estate investment, transaction and management solutions for hospitality, multifamily, commercial office and mixed-use assets across the U.S.

About Bradford Allen:
Bradford Allen (BA) is a commercial real estate and investment services 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, [email protected], (312) 267-4533.

 

Industry Leader Gordon Ogden Named Exec Managing Director

Office market veteran will oversee firm’s New York-based tenant representation practice

NEW YORK CITY, NY — Jeffrey Bernstein and Laurence Elbaum, principals and co-founders of Bradford Allen, a national full-service real estate firm, today announced industry veteran Gordon Ogden has joined the brokerage as executive managing director. In this role, Ogden will lead Bradford Allen’s tenant representation practice in New York.

“Gordon has a proven track record of success across New York’s office sector, where he has negotiated hundreds of deals for top-tier local, national and international companies and corporations that call the city home,” said Elbaum. “Having had the privilege of working alongside him in the 1990s at the Edward S. Gordon Company, I know Gordon to be one of the finest in the business, and I am excited for him to expand our firm’s tenant representation practice across the New York metro region.”

In Manhattan, Ogden has transacted on behalf of firms such as The New York Times, Gannett, Nike and Publicis. His clientele extends to prominent law firms, including WilmerHale and Dewey & LeBoeuf, as well as financial institutions like Warburg Pincus LLC. Additionally, Ogden represented national food hall retailer Urban Space in both office and retail transactions. He has also facilitated major transactions globally, including deals in Tokyo, Sao Paolo, Paris and London.

For more than 26 years, Ogden led Byrnam Wood LLC, the firm he co-founded alongside Joseph Thanhauser in 1997. He previously served as a managing director in the tenant representation division at the Edward S. Gordon Company (ESG) from 1992–1995 and at CBRE from 1995–1997.

Ogden’s philanthropic work has included service on the boards of the Collegiate School, the Boys’ Club of New York and Job Path. He has also chaired the annual fund at Marymount School and served as a member of Episcopal High School’s development committee.

He holds a B.A. in political science from Washington and Lee University and is a member of the Counselors of Real Estate and the Real Estate Board of New York, where he was the recipient of the prestigious Robert T. Lawrence Memorial Award.

Bradford Allen maintains a full-service brokerage platform in both New York and Chicago, where the company is headquartered.

About Bradford Allen:
Bradford Allen (BA) is a 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, [email protected], (312) 267-4533.

 

Bradford Allen Names Jennifer Murphy as President of Management Services

20-year veteran of property and construction management will oversee firm’s national office portfolio

CHICAGO, IL — Bradford Allen, a national full-service real estate firm, today announced Jennifer Murphy has joined the firm as president of management services. In this role, Murphy will be responsible for managing Bradford Allen’s growing portfolio of office properties in Chicago and nationally. She will report to Brian Dovalovsky, senior managing director of Bradford Allen, and be based in the firm’s downtown Chicago headquarters.

“Jennifer’s appointment is strategically timed with the growth of our national office platform as we continue to acquire, improve and lease up high-quality assets in desirable markets across the country,” said Dovalovsky. “In today’s ever-evolving workplace landscape, she will be instrumental in helping us meet demand for modern, experiential office environments that are highly functional for occupiers and profitable for ownership.”

A 20-year veteran of property and construction management, Murphy has helped launch and reposition large-scale office properties, leveraging state-of-the-art technologies, lifestyle-oriented amenities and best-in-class services to enhance marketability and drive operational performance. She previously spent 16 years at Hines Interests Limited Partnership, most recently serving as senior construction manager for Salesforce Tower Chicago, the 1.2 million-square-foot high-rise at 333 W. Wolf Point Drive in downtown Chicago. In that role, Murphy oversaw the base building construction and managed the construction, FF&E and transition to operations for the tower’s 20,000-square-foot amenity suite, which includes conference facilities, a full-service fitness center, tenant lounges and more.

Prior to her work on Salesforce Tower, she was general manager for 333 W. Wacker Drive (890,000 square feet), which followed successful management roles at 1 S. Dearborn St. (870,000 square feet), 101 N. Wacker Drive (600,000 square feet) and other properties owned by Hines. She also was property operations manager for Northwestern Memorial Hospital.

Murphy holds an MBA with distinction from DePaul University’s Kellstadt Graduate School of Business, with a focus on real estate finance and investment. She earned her bachelor’s degree with honors in civil engineering, with a specialty in structural engineering and a minor in urban and regional planning, from the University of California, Irvine. She is a licensed real estate broker in Illinois and holds an EIT license in California.

About Bradford Allen:
Bradford Allen (BA) is a 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, [email protected], (312) 267-4533.

 

Bradford Allen completes 15,000 SF of new leasing at Edens Corporate Center

CHICAGO, IL — September 6, 2023 — Bradford Allen, a national full-service commercial real estate firm, today announced the leasing of 15,000 square feet at Edens Corporate Center in Northbrook, Illinois, a northern suburb of Chicago. Senior managing director Joel Berger represented ownership in an expansion for MyHome Protection and separate transactions that welcomed Cedar Pine Capital and Beyond Finance to the building.

Current tenant MyHome Protection—which originally took 6,614 square feet of space in November 2022—has completed a direct expansion and extension for 3,641 square feet, which brings its total to 10,255 square feet.

Cedar Pine Capital leased approximately 6,000 square feet of high-end space, citing the quality of the property, its curb appeal, an enticing new amenity center, and the strategic location as prime selling points. The deal was finalized in a direct transaction.

Beyond Finance was quick to seize a 5,500-square-foot move-in-ready suite. This swift move caters to their local executive team, who had previously commuted downtown. Securing the lease within just two weeks, Darryl Silverman of Colliers represented Beyond Finance.

“Since taking on representation of Edens Corporate Center two years ago, our focus has been offering tailored solutions that respond to unique tenant needs,” said Berger. “The quick leasing agreements we’ve secured with Cedar Pine Capital and Beyond Finance are prime examples. Whether it’s high-end, custom spaces or move-in-ready suites for a rapidly expanding business, our approach is resonating with tenants looking for something beyond the typical offerings in the North Suburban market.”

These leases emphasize Edens Corporate Center’s commitment to delivering a superior customer experience—blending urban convenience, curb appeal, and a prime location to meet the high standards of today’s premier businesses.


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.

 

Bradford Allen Acquires The Henry in Chicago’s Ravenswood Neighborhood

Mixed-use property completed in 2019 includes Culver’s restaurant and 38 luxury rental apartments

CHICAGO – August 8, 2023 – Bradford Allen Investment Advisors (BAIA) today announced it has closed on the purchase of The Henry, a mixed-use property at 4346 N. Honore St. in Chicago’s Ravenswood neighborhood. The five-story elevator building, completed in 2019 and located just steps away from the Montrose Brown Line CTA stop, includes 38 one- and two-bedroom luxury rental apartments and a ground-level Culver’s restaurant.

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John Butler, executive managing director, and Danielle Morse, senior managing director, negotiated the purchase on behalf of new ownership. The seller of the property was represented by Tyler Hague and Lauren Stoliar of Colliers.

Common resident amenities in the pet-friendly building include an indoor/outdoor rooftop lounge and terrace with built-in grills, a lobby lounge and bike storage room. Individual apartments feature in-unit laundry, custom cabinetry, subway tiling, quartz countertops and walk-in closets. At the time of purchase, the building was 97% occupied. Rents range from $1,751 to $3,000.

“The Henry’s Ravenswood location offers a neighborhood vibe and checks many of the boxes today’s renters desire, including modern amenities and easy access to bars, restaurants, shops and entertainment all located within a mile radius of the building,” said Morse. “We are excited to add this high-quality, newer construction, urban, transit-oriented property to our expanding Chicago-area multifamily portfolio.”


About Bradford Allen Investment Advisors
Founded in 2013, currently with over $4bn in assets under management and over 3 million square feet of real estate, Bradford Allen Investment Advisors (BAIA) is an alternative asset manager specializing in commercial real estate and private placements. A wholly owned subsidiary of Bradford Allen—a vertically integrated real estate firm—BAIA provides end-to-end real estate transaction and management solutions for multifamily, commercial office, and mixed-use development across the US. The firm’s roots are in brokerage and property operations, a lineage that traces back to 2003 when the firm’s principals—Jeffrey Bernstein and Laurence Elbaum—founded Bradford Allen Realty Services.

 

Bradford Allen Executes 35,000 SF of Leasing at 570 Lake Cook Road

CHICAGO – May 17, 2023 – Bradford Allen, a national full-service real estate firm, today announced it has completed two new deals totaling 35,000 square feet at 570 Lake Cook Road, a five-floor, 138,000-square-foot office building in Deerfield, Ill., a northern suburb of Chicago.

Venture X has signed a 19,000-square-foot lease to open a new co-working location in the former JUUL space on the building’s third floor. This location will be the company’s second within Chicagoland, expanding its presence and versatile workspace solutions to meet the rising demand for suburban office space. Venture X plans to open their high-end co-working spaces in the northern submarket later this year.

Bradford Allen’s Joel Berger, senior managing director, negotiated the lease on behalf of ownership, while Vic San Miguel of Bespoke Commercial Real Estate represented the tenant.

“The Venture X expansion from the western suburbs to the north is indicative of the growing need for quality office space in key suburban markets,” said Berger. “Companies value a physical presence in the area to take advantage of Lake County’s diverse talent pool and comparably affordable rental rates. At 570 Lake Cook in particular, the immediate proximity to the Metra makes it uniquely suited to service a much broader workforce.”

In addition, engineering firm Kimley-Horn has signed a long-term extension and expanded its footprint to 16,000 square feet to accommodate its growth. Berger again negotiated the lease on behalf of ownership, while Hayden Rasmussen and Jon Azulay of Savills represented the tenant.

Located about 30 miles north of downtown Chicago, 570 Lake Cook Road was renovated last year and features heated underground parking, top-floor solarium, state-of-the-art conference facilities, and on-site management. It is located at the Lake Cook Metra stop.

About Bradford Allen
Bradford Allen (BA) is a 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

 

Bradford Allen Appoints Danielle Morse to lead Multifamily Investment Platform

CHICAGO – February 7, 2023 – Jeffrey A. Bernstein and Laurence B. Elbaum, principals and co-founders of Bradford Allen, are pleased to announce Danielle Morse has been named Senior Managing Director and will lead Bradford Allen Investment Advisors’ (BAIA) multifamily investment platform.

In this role, Danielle will manage the multifamily acquisitions program from deal sourcing to closing. Consistent with BA’s vertically integrated investment philosophy, she will also supervise the portfolio’s in-house asset and property management teams.

“We couldn’t be happier that Danielle is bringing her passion, extensive experience, and creativity to BAIA,” said founder Jeff Bernstein. “As we expand into new product segments, having a deep bench of experts with successful track records allows us to scale up nimbly and confidently. Danielle’s entrepreneurial approach, local market knowledge, and transactional experience are a great fit for what we’re trying to accomplish.”

In addition to her over two decades of experience in multifamily acquisitions and operations, she is an accomplished professional artist.


About Bradford Allen Investment Advisors
Founded in 2013, currently with over $4bn in assets under management and over 3 million square feet of real estate, Bradford Allen Investment Advisors (BAIA) is an alternative asset manager specializing in commercial real estate and private placements. A wholly owned subsidiary of Bradford Allen—a vertically integrated real estate firm—BAIA provides end-to-end real estate transaction and management solutions for multifamily, commercial office, and mixed-use development across the US. The firm’s roots are in brokerage and property operations, a lineage that traces back to 2003 when the firm’s principals—Jeffrey Bernstein and Laurence Elbaum—founded Bradford Allen Realty Services.

 

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.

 

Bradford Allen expands Downtown Agency Leasing practice

CHICAGO, IL — Senior Managing Director Andy DeMoss is pleased to announce Craig Nadborne has been named the loft division leader on the downtown agency team.

“Loft has always been a focus at Bradford Allen, but as our downtown agency practice has grown, launching a dedicated team of loft specialists was the best way to continue delivering first-class service to our agency clients,” said Andy DeMoss, the downtown agency team lead. “Craig was the obvious choice to run it,” Andy continued, “with over three decades in the business, including the past 15 years with Bradford Allen, Craig has an outstanding track record representing loft buildings.”

“I couldn’t be more excited to step into this role and continue to build BA’s loft agency business, “Nadborne said. “I’ll bring the same customer-first approach and value-add market insights that have helped me close over 1,000 transactions in my career.”

“Our goal is to continue to grow our entire CBD agency business,” continued DeMoss. “We believe our street-level reconnaissance culture and focus on direct canvassing for tenants is advantageous to all building owners, especially in this leasing environment.”

Craig’s current assignments include 162 W Hubbard, 314 W Institute, 415 N Dearborn and 808 N Cleveland. With this new role, he will add these properties to his portfolio: 626 W Jackson, 900 N Franklin, 224 N Des Plaines 404 S Wells and 412 S Wells. Recent associate-level hires Lanie Trotter and Grace Garza will assist Craig, providing full-service coverage to BA’s agency relationships.


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.

 

Bradford Allen Represents the Law Office of Robert D. Ahlgren and Associates in 15,000 SF Renewal

CHICAGO, IL — Jeffrey A. Bernstein and Laurence B. Elbaum, Principals and Co-Founders of Bradford Allen, are pleased to announce that Ben Azulay, Principal, along with Riley Schleifer, Associate, completed a 15,000-square-foot-lease renewal for Ahlgren Law at 33 N LaSalle, a renovated and amenitized vintage art deco tower in the Central Loop.

“In a volatile leasing market like this, tenants have multiple opportunities to negotiate and improve their space. But there are also more risks, like historically high rents in some submarkets and potentially distressed buildings in others. We were able to work closely with Ahlgren, understand their needs, navigate the risks, and maximize their leverage in negotiating a renewal,” said Azulay.

Ahlgren Law is a Chicago-based immigration law firm. Since 1973, they have worked tirelessly to meet clients’ needs on the path to legal status. A full-service firm, Ahlgren’s passionate attorneys and dedicated staff represent individuals and families in a variety of immigration matters, including family cases, removal (deportation) defense, U.S. citizenship and naturalization, and appeals.

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.

 

Bradford Allen represents Restoration Builders in 10,000-SF relocation and expansion

CHICAGO, IL — Joel Berger and Craig Nadborne, Senior Managing Directors at Bradford Allen, represented Restoration Builders in the relocation and expansion of the repair and restoration company’s Midwest corporate office. Previously located in Elmhurst, Restoration Builders will now office out of a 10,000-square-foot space at 263 Shuman Boulevard in Naperville, Illinois.

Known as The Shuman, the recently redeveloped 350,000-square-foot office building delivers an urban vibe to the suburban office landscape, promising tenants the most comprehensive workplace experience outside of the Chicago CBD. Kellen Monti of JLL represented the building in the sublease of the space.

“We were thrilled to help place Restoration Builders in such a terrific, modern space. The relocation is a great example of what we’re seeing more and more—companies searching out amenity-laden spaces in Class A buildings to entice workers back to the office full time. The Shuman offers an environment that gets tenants excited about coming to work,” said Berger.

 

BA Assists American Blues Theater in Purchase of Near Northwest Property

CHICAGO, IL — Jeffrey A. Bernstein and Laurence B. Elbaum are pleased to announce that Managing Director Jonathan Seeley successfully assisted American Blues Theater with the purchase of their new location at 5627 N. Lincoln Avenue after vacating their former home at 4809 N. Ravenswood Avenue. Previous ownership was represented in the transaction by Mark Kishtow and Mark Jones of Jameson Commercial Real Estate.

Built in 1985, the 10,844-square-foot property sits on an 18,000-square-foot lot in a densely populated section of Chicago’s Near Northwest neighborhood. The all-masonry construction features a single-story open floorplan with 12-foot clear height, essential for accommodating the theater’s performances. Additionally, the property offers an attractive 168 feet of frontage along Lincoln Avenue, a main traffic artery serving the Lincoln Square and Andersonville neighborhoods.

“After performing a full search of the market to determine alternate options, it was clear that 5627 N. Lincoln was the best fit for the unique use case of American Blues Theater. We pursued the purchase of the building with earnest and closed within 90 days of going under contract,” said Seeley.

Winner of American Theatre Wing’s prestigious National Theatre Company Award, American Blues Theater is a premier arts organization exploring the American identity through the plays it produces and communities it serves. American Blues Theater follows three guiding values both on and off its stages–to be accessible, responsible, and true. Chicago’s second-oldest AEA Ensemble theater, the American Blues Theater and its artists have received 221 Joseph Jefferson Awards and nominations that celebrate excellence in Chicago theater and 40 Black Theater Alliance Awards.


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.

 

Bradford Allen represents Avenir in 10,000-square-foot headquarters relocation

NEW YORK, NY — Glenn Isaacson, President at Bradford Allen’s New York office, is pleased to announce the firm has assisted Avenir Growth Capital in a headquarters relocation to 817 Broadway in Greenwich Village. Isaacson was assisted in representing the tenant by associate Anthony Builder, while landlords Tactonic Partners, Nuveen Real Estate, and Squire Investments were represented by David Faulk, Jason Greenstein, Daniel Levine, and Jordyn Comras of Newmark.

Avenir will relocate from their seventh-floor space at 135 Fifth Avenue to the twelfth floor of 817 Broadway in a new five-year lease. The New York-based equity firm was founded in 2017 to focus on building a portfolio of high-growth, category-defining companies. The firm currently has over $2 billion in assets under management.

 

Over 38,000 SF Leased at Edens Corporate Center 6 Months After Purchase

CHICAGO, IL — Jeffrey A. Bernstein and Laurence B. Elbaum, Principals and Co-Founders of Bradford Allen, are pleased to announce that Senior Managing Director Joel Berger and Associate Jake Blesi have leased over 38,000 SF at Edens Corporate Center, 630 & 650 Dundee Road in Northbrook, IL, just six months after being named the exclusive leasing agent.

In addition to the prime location and best-in-class amenities, Berger attributes the robust leasing momentum to a dedicated focus on tenant needs, creative thinking, and deep knowledge of the North Suburban market.

“We have only represented Edens Corporate Center since the fall of 2021, and our goal was to be known as the nicest, most responsive, and most creative building in the market. Most of the I-94 North Suburban market is institutional landlords who are slow to respond to changing tenant needs and tend to think linearly. We listen, are highly responsive to tenants, and like to think creatively to find solutions. Our immediate success shows our approach works. There is certainly a tenant need in the area for responsive and dynamic landlords and landlords’ agents.”

Bradford Allen’s successful leasing program has meant growing economic opportunities and job creation for the North Suburban market. In addition to an 18,000-SF renewal for marketing firm Blue Chip Marketing Worldwide, and a 3,700-SF renewal for law firm Mason, Wenk & Berman, L.L.C., there were three new leases at the property: RHM Staffing Solutions, 7,800 SF; Velos Wealth Management, 2,600 SF; and Phase3 Capital Management, 3,500 SF. Additionally, existing tenant TriGran Investments, Inc., 2,800 SF, extended and expanded its lease.

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.

 

Bradford Allen’s Ben Azulay Re-Elected to TCN Board of Directors

Chicago, IL — Jeffrey A. Bernstein and Laurence B. Elbaum, Principals and Co-Founders of Bradford Allen, are pleased to announce the re-election of Ben Azulay, Principal at Bradford Allen, to the TCN Worldwide Board of Directors. Bradford Allen has been the Chicago office affiliate of TCN Worldwide since 2004, enabling comprehensive service to its clients locally, nationally, and internationally. In 2021, Bradford Allen became the New York affiliate with the opening of their downtown office at 745 5th Avenue, New York, NY. Ben’s involvement continues BA’s strong tradition of leadership within TCN as Laurence Elbaum served nine years on the Board of Directors, including four years as Chairman.

“We are thrilled that Ben was re-elected to the TCN Worldwide Board of Directors,” said Elbaum. “Ben has been an integral part of Bradford Allen for more than 17 years. In addition to his successful tenure as Regional Vice President for TCN’s Central Region, he has demonstrated his innate ability to lead with multiple TCN Team Player awards. I am proud to see him continue our firm’s tradition of leadership within TCN.”

Joining Bradford Allen in 2004, Ben has built a national client base by focusing on representing tenants whose operations are based in Chicagoland. Throughout his tenure with the firm, he has represented large users of office space in a wide variety of transactions that include GrubHub, Northwestern Mutual, and MedSpeed.

 

Bradford Allen Expands Brokerage Services to New York City, Appoints Glenn Isaacson as Regional President

New York, NY — Bradford Allen, a full-service, national commercial real estate services firm headquartered in Chicago, announced its expansion with the opening of a New York office and the strategic hiring of industry veteran Glenn Isaacson as President of the New York office. The announcement was made by the firm’s principals and founders, Jeffrey A. Bernstein and Laurence B. Elbaum.

Bradford Allen was co-founded in 2003 to fill the void between large commercial real estate providers and small boutique firms. Headquartered in the heart of downtown Chicago, the entrepreneurial firm has grown into a best-in-class brokerage offering a full array of services, including tenant representation, landlord representation, consulting and advisory services, property and asset management and construction and project management. With three offices in Chicago, the company is now comprised of over 100 professionals providing strategy, marketing, and transaction execution for occupiers and owners of commercial real estate.

Bradford Allen New York represents a return to Manhattan for the firm’s founders who began their real estate careers as a team at Walter & Samuels in 1992 and then at the Edward S. Gordon Company and Insignia/ESG. Bernstein and Elbaum completed more than seven million square feet of transactions while teamed in New York, and together helped shape the office landscape of Midtown South.

“Our return to the New York City market gives us the opportunity to introduce the differentiated Bradford Allen platform to the world’s most dynamic, vital business hub,” said Mr. Bernstein. “In this era of consolidation and mega-firms, we fill a void for principal-driven service and attention, and a commitment to excellence in all we do.”

Mr. Elbaum said the opportunity dovetails with Bradford Allen’s ability to secure Glenn Isaacson as principal and president of the New York operation. “We have confidence in Glenn to build and lead this office, to create a professional and collegial environment where experienced, talented and inspired real estate service experts can work together to craft and execute transactions that serve their clients’ business goals.”

One of the most accomplished professionals in New York commercial real estate, Mr. Isaacson brings 40 years of leadership and experience to his new role. Mr. Isaacson has held some of the most senior and prestigious posts at New York’s top real estate services firms, culminating as Vice Chairman at Cushman & Wakefield prior to his appointment as President of Bradford Allen New York. Recognized as both a strong manager and seasoned brokerage professional, Mr. Isaacson has completed more than 20 million square feet of leasing transactions. His customers include a large number of prominent owners and agencies, as well as esteemed tenants such as
Boston Consulting Group, Northwell Health, Avenues Schools, China Merchants Bank and Seyfarth Shaw. In addition, he is recognized for his work on behalf of respected nonprofit organizations such as Carnegie Hall Corporation, UJA Federation of Jewish Philanthropies, American Kennel Club and the American Foundation for AIDS Research (on whose board he now sits).

As President of Bradford Allen New York, he will be responsible for managing all brokerage services and company operations in addition to leading transactions with landlords and tenants, directing new business development, and assembling a group of top professionals to strengthen the firm’s position in the regional marketplace.

The process of forming the Bradford Allen New York team is under way with the hiring of Tony Builder as an Associate Broker and Kim Woodruff-Walker as office manager. Mr. Isaacson said he and his partners are meeting with several seasoned professionals to build out a strong core team.

“I’m excited by the opportunity to build Bradford Allen New York and lead the office forward through exceptional client servicing and top-talent recruiting,” adds Mr. Isaacson. “Over the course of my career, I’ve learned first-hand what works and what doesn’t work in the brokerage industry. Bradford Allen’s platform and efficient process is compatible with my own approach to transacting business, with a value proposition that combines the expertise of a large brokerage alongside the nimble mobility of a privately held firm. It’s the ideal time for Bradford Allen to plant its flag in the dynamic New York City market and the commercial real estate environment in this region is ripe for our future growth.”


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.

 

Bradford Allen Investment Advisors acquires Edens Corporate Center in Northbrook, IL

CHICAGO, IL — John Butler, Executive Managing Director of BAIA, is pleased to announce the acquisition of Edens Corporate Center at 630 & 650 Dundee Road in Northbrook, IL. Bradford Allen Realty Services will be the leasing agent, and Bradford Allen Management Services will be the property manager.

Built in 1988, the recently renovated property is a Class A, 187,509-square-foot suburban office building located immediately right off of the Edens Expressway/Interstate 94, the main highway north from the city of Chicago. Joel Berger, Senior Managing Director, and Jake Blesi, Associate, will lease the four-floor property, which currently offers 56,000 square feet of vacancies and an underway spec suite, as well as move-in ready options for tenants. The complex features a 122-car, below-ground, heated, executive parking garage; a one-of-a-kind outdoor meeting facility; recently modernized lobbies, lavatories, and common areas, along with a fitness center and yoga studio.

“The property is unique within the Skokie Boulevard submarket. It is easily the best option for the smaller and mid-sized tenants, with each floor having two wings that offer flexible space designs with a great window line. The proximity to walkable amenities coupled with the underground garage, the renovated common areas, indoor and outdoor conference facilities, fitness center, and Once Upon a Bagel as the on-site food service, make Edens Corporate Center the best value in the submarket,” said Berger.

“We just signed our first new lease with Phase 3 Capital Management for 3,500 RSF last week and have another lease out for signature. The North suburbs have continued to perform well this year, and we were so excited to have had the opportunity to acquire one of the best buildings in the North Market. Our planned upgrades to the tenant amenities—along with the engaged, flexible, and local ownership—will help the property attract dynamic new tenants in the area,” added Butler.


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.

 

Bradford Allen completes 35,500 SF of leasing at 570 Lake Cook Road

CHICAGO, IL — Jeffrey A. Bernstein and Laurence B. Elbaum, Principals and Co-Founders of Bradford Allen, are pleased to announce that Senior Managing Director Joel Berger has completed five transactions totaling 35,539 SF at 570 Lake Cook Road in Deerfield, IL.

Banner Real Estate Group (represented by Randy Bowles and Steve Levitas of Newmark) signed a new lease for 2,750 SF. Align Business Finance (represented by Sam Grossman of The Fairchild Group) signed a lease expansion and renewal for 4,986 SF. Completed lease renewals included DD&A for 2,003 SF, Sedgwick Claims Management Services (represented by Paul Diederich of CBRE) for 9,323 SF, and Vail Systems, Inc. (represented by Dan McCarthy and Phil Geiger of JLL) for 16,477 SF.

“The recent volume of leasing activity is a testament to the new ownership’s commitment to positioning 570 Lake Cook Road as a best-in-class property. The onsite Lake Cook Metra Station coupled with the underground parking garage are significant differentiators from the property’s competition and make 570 a better value,” said Berger.


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.

 

Bradford Allen completes 35,000 SF of leasing in Downtown Chicago

Chicago, IL ­– Jeffrey A. Bernstein and Laurence B. Elbaum, Principals and Co-Founders of Bradford Allen, are pleased to announce the firm’s Downtown Agency Services practice has completed three new leases for a total of 35,000 square feet in downtown Chicago. Workbox (represented by Grant Rich and Kyle Hundelt of Colliers) signed a new 13,738-SF lease at 600 W. Jackson in the historic Burnham Otis Building, Windrose Recovery Chicago (represented by David Goldberg of Special Assets) signed a new 10,905-SF lease at 142 E. Ontario, and StrategIQ Commerce signed a 10,150-SF lease at 217 N. Jefferson (represented by Andy Davidson, Boris Yelyashov, and Nathan Miller of MBRE). The team is led by Senior Managing Director Andy DeMoss and includes Director Alex Gordon and Associate Amy Zelasco.

“Touring velocity is back, but getting to the finish line in still a challenge. The current leasing environment requires being nimble, so we are thankful our clients have been able to match our speed and creativity to see these through to fruition,” said DeMoss.


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.

 

Bradford Allen Completes 7,000-SF Lease Renewal in Downtown Chicago

Chicago, IL — Jeffrey A. Bernstein and Laurence B. Elbaum, Principals and Co-Founders of Bradford Allen are pleased to announce that Managing Director Justin Kessler and Associate Riley Schleifer completed a 7,000-square-foot lease renewal for Stone & Johnson at 111 W. Washington Street in Chicago, IL. The Landlord was represented by Erica Rogers of Golub & Company.

“We presented Stone & Johnson with a number of alternatives in the market, but their current space was already a great fit, and coupled with an aggressive offer from ownership, it ultimately meant that remaining was their best option. By leveraging the current market, a renewal also offered Stone & Johnson a significant savings to their previous lease,” said Kessler.

Stone & Johnson is a civil litigation law firm headquartered in Chicago, IL. The firm has a broad range of experience which includes the defense of disputes involving insurance coverage, premises liability, construction accidents and defects, workers’ compensation, products liability, professional liability, school bus operation, and automobile accidents. The firm possesses Martindale-Hubbell’s highest AV rating, which ranks the firm’s legal ability as preeminent and its ethical standard as very high. The firm is also listed in Martindale-Hubbell’s coveted Bar Register as one of a select number of litigation firms in the Chicagoland area.


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.

 

Bradford Allen Completes 16,500-SF Lease Renewal in Deerfield, IL

Chicago, IL — Jeffrey A. Bernstein and Laurence B. Elbaum, Principals and Co-Founders of Bradford Allen, are pleased to announce that Senior Managing Director Joel Berger has completed a 16,500-square-foot renewal lease between Vail Systems, Inc. and the ownership of 570 Lake Cook Road in Deerfield, IL. Vail, a long-time tenant and the second-largest in the building, signed a five-year renewal. Dan McCarthy of JLL represented Vail in the transaction.

“The ownership was thrilled that Vail decided to renew at 570 Lake Cook Road,” said Berger. “I believe Vail placed value on having the Metra platform attached to the building’s parking lot, the underground heated parking garage, and ownership’s commitment to upgrading the property overall.”

Founded in 1991, Vail Systems is a telephony software and cloud services company that uses its advanced technology to enhance billions of customer conversations every year. Vail is committed to creating business value for clients and growth opportunities for employees by developing solutions that inspire people to interact freely and authentically.

“We are so happy that Vail Systems decided to renew at 570,” said Elbaum.

“Vail’s decision to remain at 570 has reconfirmed our belief in the building’s value proposition and the amenities that set it apart from its direct competition,” added Bernstein.


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.

 

Bradford Allen Completes 10,500-SF Lease in Elmhurst, IL

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.

 

Bradford Allen Completes 23,000-SF Lease in E/W Corridor

Chicago, IL — Jeffrey A. Bernstein and Laurence B. Elbaum, Principals and Co-Founders of Bradford Allen, are pleased to announce that Joel Berger, Senior Managing Director, completed a 23,000-square-foot lease (12,000-square-foot renewal and 11,000-square-foot expansion) for Professional Wealth Advisors (PWA) at 2655 Warrenville Road in Downers Grove, IL. The building is owned and leased by Transwestern Investment.

“Professional Wealth Advisors’ recent merger with HighPoint Planning Partners was a significant expansion and a real game changer for the industry. We were pleased to be able to support that rapid growth by nearly doubling the size of their footprint at their current Downers Grove space,” explained Berger.

Professional Wealth Advisors was founded in 2015 by three partners seeking to structure a financial services platform to make independence for advisors more gratifying. PWA provides support in navigating the challenges, regulatory pressures, technology, and infrastructure necessary to provide high-quality service to clients and families. Upon the completion of the HighPoint merger, the firms will together manage over $8.5 billion in total client assets and support more than 200 financial advisors.

“Joel, an industry veteran, has continued to provide outstanding client service throughout the pandemic. Jeff and I are proud of Joel and the professionalism he delivers day in and day out,” 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.

 

Bradford Allen secures 10,000-SF, ten-year renewal at 200 S. Michigan Ave

Chicago, IL — Jeffrey A. Bernstein and Laurence B. Elbaum, Principals and Co-Founders of Bradford Allen, are pleased to announce that Ben Azulay, Principal, completed a 10,000-square-foot, ten-year lease renewal for Rubinos and Mesia Engineers, Inc. (RME) at 200 S. Michigan Avenue. The renewal allows the engineering firm to remain on the 15th floor of the Michigan Avenue office tower, where they have been a tenant for over 30 years. Craig Coupe of JLL represented the landlord in the transaction.

“Considering the ongoing impact of the pandemic on the marketplace, we were thrilled to be well-positioned to assist RME in accomplishing their goals. By successfully leveraging the market to their benefit, we were able to secure significant concessions as a component of their renewal for the next ten years,” explained Azulay.

Established in 1982, Rubinos & Mesia Engineers, Inc. is a structural/civil engineering and construction management firm who have established a reputation among leading consultants as diligent, well-diversified program managers who provide a uniquely intimate design evaluation experience. The recipient of over 20 industry awards, RME has successfully completed over 2,000 projects to date.

“Jeff and I are really proud of Ben. We are living in extremely challenging times, and he and his team have continued to produce at a high level throughout the pandemic,” 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.

 

Bradford Allen completes 23,000-SF lease renewal in Lombard

Chicago, IL ­­– Jeffrey A. Bernstein and Laurence B. Elbaum, Principals and Co-Founders, are pleased to announce that Senior Managing Director Joel Berger has completed a 22,916-square-foot lease renewal on behalf of Cinch Connectivity Solutions, Inc. The electrics manufacturer signed a six-year lease extension to remain in their offices at 1700 S. Finley Road in Lombard, IL, where they have been a tenant since 2001. Pete Adamo and Bill Elwood of CBRE represented the landlord, Group RMC.

“Like a number of companies, Cinch was left with unused office space as a direct result of the Covid-19 pandemic and our new normal of a substantial work-from-home culture. But as the vaccines continue to roll out and our economy begins to bounce back, we all agreed the space wouldn’t be underutilized for much longer. With the market still in recovery, it was the perfect time to lock down an extended renewal at favorable terms for the tenant,” explained Berger.

A member of the Bel Group, Cinch Connectivity Solutions has been providing custom engineered solutions for over 100 years. The vertically integrated supplier focuses on high-performance electric connectors and cable assemblies to support military, wireless communications, aerospace, data networking, telecommunications, and harsh-environment use applications.

“Joel is a veteran of the industry and has earned a reputation as a true professional in every sense of the word. Jeff and I are very proud of Joel. We are living in very challenging times, and he continues to provide service at the highest level regardless of the circumstances,” 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. For more information, visit bradfordallen.com.

 

Bradford Allen Investment Advisors acquires 570 Lake Cook Road

Chicago, IL ­– John Butler, Executive Managing Director of BAIA, is proud to announce the acquisition of 570 Lake Cook Road in Deerfield, IL. Bradford Allen Realty Services will be the leasing agent, while Bradford Allen Management Services will be the property manager.

Built in 1984, the newly renovated property is a 137,492-square-foot suburban office building located at the Lake Cook Metra stop. Joel Berger, Senior Managing Director, and Matt Alexander, Managing Director, will lease the four-story property, which currently offers 40,000 square feet of vacancies, an underway spec suite program, and move-in ready options for tenants. A new lounge and state-of-the-art conference facilities were also recently implemented. Situated less than two miles from I-94 and I-294, its prominent frontage along Lake Cook Road is seen by 36,000 vehicles each day.

“The property is really a hidden gem within that market. It is far and away the best option for smaller and mid-sized tenants, with each floor having two wings that offer flexible space size with a great window line. It’s attached to the Metra station and offers wonderful proximity to walkable amenities, in addition to building amenities,” said Berger.

“We just renewed Sedgwick Claims Management Service on a 10,000-square-foot lease, and we’re set for continued success through the coming year. The heated, underground parking and top-floor solarium lounge are both really significant perks at this price point and make for an attractive option to tenants,” added Berger.


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.

 

Bradford Allen secures 180 N. Wacker leasing assignment in Chicago CBD

Chicago, IL – Jeffrey A. Bernstein and Laurence B. Elbaum, Principals and Co-Founders, are pleased to announce that Bradford Allen has been appointed the exclusive leasing agent for 180 N. Wacker Drive in the Chicago CBD.

The team of Andy DeMoss (Senior Managing Director, Downtown Agency Leasing) and Alex Gordon (Director) will lease the six-story, 75,826-square-foot brick-and-timber loft. The property resides in the heart of Chicago’s West Loop and offers 21,915 square feet of availabilities. Built in 1923 and recently renovated in 2020, 180 N. Wacker features new spec suites and a private riverside patio. It has been owned by Greenstone Partners since 2019.

“There have not been many big wins for firms since the start of COVID, but our team has continued to secure new assignments and close deals, and this is another win for BA. The building will perform well as the majority of the vacancies have spectacular river views,” said DeMoss.


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.

 

Bradford Allen hires Alex Gordon to expand Downtown Agency Leasing team

Chicago, IL ­– Andy DeMoss, Senior Managing Director, Downtown Agency Leasing at Bradford Allen, is thrilled to announce that Alex Gordon has joined the firm.

Gordon is the most recent addition to Bradford Allen’s Agency Leasing practice. Prior to joining Bradford Allen, Alex was an “in-house” leasing agent at Golub & Company, where he was responsible for the leasing of 300 S. Wacker, 444 N. Michigan, 111 W. Washington, 625 N. Michigan, and 680 N. Lakeshore. Previously, he was an assistant property manager with Tishman Speyer, where he worked on 525 W. Monroe and 190 S. LaSalle.

“I am very excited to join Bradford Allen, as they have a stellar reputation and significant presence in the Downtown Chicago market, and I’m equally as excited to work alongside Andy,” said Gordon.

“The addition of Alex rounds out the experience level on our team nicely. He will be working with me on our newest assignments, One North LaSalle and 180 North Wacker Drive,” added DeMoss.


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.

 

BA Secures New Leasing Assignment with Historic One North LaSalle

Chicago, IL – Jeffrey A. Bernstein and Laurence B. Elbaum, Principals and Co-Founders, are pleased to announce that Bradford Allen has been appointed the exclusive leasing agent for One North LaSalle in the Chicago CBD.

One North LaSalle, a 47-story, 500,000-square-foot office tower, is a Chicago landmark and one of the city’s best surviving examples of the Art Deco movement that defined architecture of the 1920s. Its central location and storied history make it a prominent piece of Chicago’s Loop. In 2016, the building was renovated to include the addition of an outdoor terrace, fitness center, advanced conferencing facilities, and an upgraded tenant lounge. It is also one of the only dog-friendly buildings in the CBD. The property has been owned by Bridge Investment Group since 2018. Andy DeMoss, Senior Managing Director, Downtown Agency Leasing, will lead the leasing team.

“We’ve had our eye on One North LaSalle since it was acquired by Bridge a couple years ago. The floorplate size and tenant mix of high-quality professional and technology firms are a great complement to our experience, and we’re proud that ownership has entrusted us to lease their historic property. With its strong amenity package and eleven newly constructed spec suites ready to go, the building is situated to perform very well,” said DeMoss.


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.

About Bridge Investment Group, LLC
Headquartered in Salt Lake City, Bridge is a privately held real estate investment management firm with $20.2 billion in assets under management across the U.S. The firm’s 4,000 team members focus on select real estate verticals which offer above-market opportunities and returns: Office, Multifamily, Senior Housing and Medical Properties, Affordable Housing, Opportunity Zones and Real Estate Debt Strategies. For more information, visit bridgeig.com.

 

BA Completes 8,373-SF Lease Extension for Openlands

Chicago, IL — Jeffrey A. Bernstein and Laurence B. Elbaum, Principals and Co-Founders of Bradford Allen, are pleased to announce that Managing Director Jonathan Seeley and Associate Merrick Wells have completed a lease extension on behalf of Openlands. The Chicago-based nonprofit signed a long-term lease extension to remain in their offices at 25 E. Washington, where they are one of the largest tenants. Openlands currently occupies space on the 16th floor and have been in the building for over twenty years.

“This transaction was mutually beneficial for both parties, providing the opportunity for the long-standing relationship between Openlands and Aspire Properties to continue to thrive,” said Wells.

“In light of the fact we are in the middle of a pandemic, this renewal allowed Openlands to continue to focus on its core mission with minimal interruption,” added Seeley.

Founded in 1963 as a program of the Welfare Council of Metropolitan Chicago, Openlands is one of the oldest metropolitan conservation organizations in the nation, proudly serving Northeastern Illinois and the surrounding region to protect natural habitats and wildlife. The organization has now helped to protect more than 55,000 acres of land for public parks and forest preserves, wildlife refuges, land and water greenway corridors, urban farms, and community gardens.

“Jeff and I are really proud of John and Merrick. We are living in unprecedented times, and they continue to produce at a high level regardless of the challenges,” 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. For more information, visit bradfordallen.com.

 

Bradford Allen Arranges Full-Building Lease

CHICAGO, IL — Jeffrey A. Bernstein and Laurence B. Elbaum, Principals and Co-Founders of Bradford Allen, are pleased to announce that Managing Directors Ryan Moen and Norm Murdoch have arranged a new 37,259-square-foot lease at 2375 Cabot Drive in Lisle, Illinois on behalf of owner First American Properties.

Water Quality Association (WQA) will occupy the entire two-story property, relocating and expanding from an 18,000-square-foot space at 4151 Naperville Road. WQA serves as a leading industry resource, educator for industry professionals, and laboratory for product testing.

“First American Properties was creative in getting Water Quality Association interested in the property by including necessary building infrastructure in addition to the provided Tenant Improvement allowance. Both Landlord and Tenant worked overtime during the Covid-19 shutdown and subsequent uncertainty to get this lease completed,” said Murdoch.

Known as the Courtyards of Lisle, 2375 Cabot Drive was built in 2007 and offers a total of 37,259 square feet of space. The property is in close proximity to I-88 and I-34 and a twenty-minute drive to O’Hare International Airport. Water Quality Association was represented by Eric Sorensen, Colin Rowe,  and Jordan Rovito of Cushman & Wakefield.


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.

 

Bradford Allen Represents Team Rubicon in First Chicago Lease

CHICAGO, IL — Bradford Allen is pleased to announce that Ben Azulay, Principal, has completed a new lease transaction on behalf of Team Rubicon at 459 N. Wolcott Avenue. The disaster-relief nonprofit signed a seven-year lease, where they will occupy the entire 11,500-square-foot building. The West Town property previously served as a firehouse and will be completely renovated for the tenant’s use. Chad Schroedl and Adam Thomas of SVN Commercial Real Estate Advisors represented the landlord in the transaction.

Team Rubicon serves communities in times of need by pairing skilled military veterans with first responders, medical professionals, civilian volunteers, and technology to help people prepare, respond and recover from disasters and humanitarian crises. In response to the new lease, Team Rubicon’s Michael Watkins, Director Midwest Territory, explained, “The property resonated with us so strongly because it tells a story not unlike our own. Its history is rooted in serving the community, and we’re pleased to be able to continue that lineage — providing relief when and where it’s needed.”

“It was a pleasure to serve Team Rubicon in finding their first home here in Chicago. The work they do — particularly their active response to the Covid-19 pandemic — is so important in these challenging times, and we’re proud to be a small part of that,” added Azulay.


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.

 

Bradford Allen Completes 8,900-Square-Foot Renewal Transaction at Tri State International

CHICAGO, IL — Jeffrey A. Bernstein and Laurence B. Elbaum, Principals and Co-Founders of Bradford Allen, are pleased to announce the firm has completed another lease renewal at Tri State International in Lincolnshire.

Melinta Therapeutics, an antibiotics company represented by Henry Lee and Max Zwolan of JLL, signed a four-year renewal for 8,876 square feet on the second floor at 300 Tri State International. The ownership was represented by Dan Fernitz, Executive Managing Director and head of suburban operations at Bradford Allen, along with his team of Matt Alexander, Managing Director and Milan Gacanovic, Associate.

“We are thrilled that Melinta has decided to continue their tenancy at Tri State. They do such important work that is even more important at this moment in time. Being able to accommodate their needs at Tri State was a priority for ownership and I am so happy that we were able to do so,” said Fernitz of the renewal.


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.

About Melinta Therapeutics
Melinta Therapeutics, Inc. is dedicated to saving lives threatened by the global public health crisis of drug-resistant bacterial infections through the development and commercialization of novel antibiotics that provide new therapeutic solutions. Their product portfolio provides providers and patients with a range of solutions that can meet the tremendous need for novel antibiotics treating serious infections. For additional information, including product information, visit melinta.com.

 

Bradford Allen Represents Summit Expedited Logistics in Lease Extension and Expansion

CHICAGO, IL — Bradford Allen is pleased to announce that Director Matthew Wright has completed a lease extension and expansion on behalf of Summit Expedited Logistics at 55 W. Monroe Street. The Chicago-based, full-service transportation provider has signed a long-term lease extension and will expand their offices on the 35th floor. The expansion provides Summit the space to accommodate their growing sales team, nearly tripling their occupancy from 6,378 square feet to 15,844 square feet. Situated on the curve of the building, the space features prominent views of Lake Michigan and a new entryway off of the elevator bank. Wright originally assisted in Summit’s move to the building via a sublease in 2018, on which the tenant still had term remaining. Andrea Saewitz and Matt Lerner of Cushman & Wakefield represented the landlord in the transaction.

“I very much enjoyed working with the Summit team on this transaction and continue to be impressed with their rapid growth,” said Wright.

A 40-floor office building in Chicago’s CBD, 55 W. Monroe benefits from immediate proximity to public transit and popular eateries. Its amenities include 24-hour building security, a fitness center, a conference room, restaurants, banking, and a Dollop Coffee in the lobby. The building is Energy Star rated and LEED Gold certified for its best-in-class design.


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.

About Summit Expedited Logistics
Summit Expedited Logistics is a customer-focused transportation management provider with deep industry experience and ties to preferred industry partners. Established in 2001, the company focuses on truckload, intermodal, expedited ground, LTL, and other supply management services. Summit specializes in delivering cost savings and operational efficiency through innovative transportation solutions. For more information, visit summitexpedited.com.

 

Bradford Allen Completes Seven Lease Transactions to Close Quarter

CHICAGO, IL — Jeffrey A. Bernstein and Laurence B. Elbaum, Principals and Co-Founders of Bradford Allen, are pleased to announce the firm completed seven lease transactions during the week of March 30th.

Andy DeMoss, Senior Managing Director, Downtown Agency Services, and his team of Matt Wright and Amy Zelasco completed two new leases and two renewals. Dinos & Young, LLC signed a new 5-year lease for 2,224 square feet at 120 W. Madison, relocating from 20 S. Clark; the law firm was represented by Victor Sanmiguel and Michael Kraft of Bespoke Commercial Real Estate. Pollination Capital Partners, LLC, a climate change advisory and investment firm headquartered in London, signed a new 3.25-year lease for 1,156 square feet at 216 N. May.

The Law Offices of Deborah S. Ashen, Ltd., represented by Sheila Matuscak of Coeo Space and Michael Heaney of Cresa, signed an 11-year renewal for 3,252 square feet at 217 N. Jefferson. Philipsborn Company, LLC, a commercial real estate finance firm, was represented by Michael Pink of MAP Real Estate in a 2-year renewal for 2,028 square feet at 205 W. Randolph.

“During a time when many tenants are delaying their real estate decisions until the dust settles, it was refreshing to close so many transactions with an average term exceeding five years,” said DeMoss of his team’s continued success through this challenging economic climate.

Ryan Moen and John Millner, Managing Directors in the firm’s Suburban Agency Services practice, completed a new 7.5-year lease at 300–350 E. 22nd Street in Lombard, IL for Trifecta Transport, LLC; the transportation logistics company, represented by Aubrey Van Recken–Englund of NAI Hiffman, committed to 4,300 square feet in a relocation from Glen Ellyn, IL. Additionally, Moen completed The Von Heidecke School of Ballet’s relocation from Naperville, IL to Aurora, IL in a new 5-year lease at 4222 Meridian Parkway for 3,383 square feet.

Completing his first deal with Bradford Allen, Merrick Wells, Associate, completed a 3-year sublease at 410 N. Michigan Avenue for 1,895 square feet; Draftbit, a Chicago-based software development firm, was represented by NAREIM in the transaction.

“Jeff and I are very proud of everyone’s work ethic at Bradford Allen and thrilled that despite this extremely challenging time, our brokers are continuing to complete transactions and work hard on behalf of our clients,” 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. For more information, visit bradfordallen.com.

 

BA’s John Millner Named President, CCIM, IL Chapter for 2020

CHICAGO, IL – Jeffrey A. Bernstein and Laurence B. Elbaum, Principals and Co-Founders of Bradford Allen, are excited to announce that John Millner, Managing Director with Bradford Allen’s Agency Leasing practice, has been named President of CCIM’s Illinois Chapter for the 2020 term. Millner has served on CCIM’s Board of Directors as an Executive Member since 2018.

“I’m excited to take on the challenges and responsibilities of this new role and honored to continue serving such an integral organization within the commercial real estate industry. CCIM’s mentorship, education services, and networking opportunities are invaluable resources to our community, and I look forward to growing our services and outreach in the coming year,” said Millner of his appointment.

Millner joined Bradford Allen in 2009 and has become a key member of the Oak Brook-based brokerage team in the years since. John specializes in medical office and traditional office agency leasing, representing approximately 2,000,000 square feet of product in suburban Chicago. Recently, John increased the occupancy of 4355 Weaver Parkway in Warrenville from 59.5% to 100%, completing 24,320 square feet of new leases in just nine months. In Hinsdale, John improved the occupancy of 908 & 911 North Elm Street by 21% through signing 53,000 square feet of new and renewal leases.


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.

About CCIM
CCIM stands for Certified Commercial Investment Member. CCIM designees are recognized as leading experts in commercial investment real estate. Above all, the CCIM designation represents proven expertise in financial, market, and investment analysis, in addition to negotiation. CCIM designees are able to help their clients minimize risk, enhance credibility, make informed decisions, and close more deals. For more information, visit ccimilchapter.org.

 

Bradford Allen Promotes Dan Fernitz to Suburban Market Leader

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

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.


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.

 

Bradford Allen appoints Ron Lakin as Senior Managing Director, Downtown Agency Services

Aggressively expanding the firm’s ability to pursue higher-value assets in the Downtown Chicago market

CHICAGO, IL — Bradford Allen announced today the appointment of Ron Lakin as Senior Managing Director, Downtown Agency Services. He will work alongside Andy DeMoss, Senior Managing Director, who was recently named the practice group’s leader.

A well-respected Chicago landlord representative, Lakin brings a wealth of institutional experience and long-standing client relationships. Lakin spent eight years as a Senior Vice President for CBRE after two years with Transwestern and previous roles with ORIX Real Estate Capital Inc., Golub & Co, and Stein & Company (now Mesirow).

“Our agency practice group has developed a formidable position in Chicago’s loft and secondary building markets. And now with Ron on board, the practice group is thrilled to be adding such a well-respected veteran in the Class A sector,” said DeMoss.

Laurence Elbaum, the firm’s Co-Founder added, “Ron’s vast experience and solid industry relationships will prove invaluable as we look forward to the continued growth of the company’s downtown agency practice.”

Lakin’s landmark career has been highlighted by leasing a number of Chicago’s prestigious office buildings and trophy towers, including 350 West Mart Center (1.31M SF), 353 N. Clark (1.18M SF), 321 N. Clark (896,502 SF), and 190 S. LaSalle (798,782 SF).


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.

 

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 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.

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.


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 www.bradfordallen.com.

 

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.


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 www.bradfordallen.com.

 

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”.

 

John Millner Promoted to Managing Director

Chicago, IL – Jeffrey A. Bernstein and Laurence B. Elbaum, Co-Founders of Bradford Allen, are pleased to announce that John Millner has been promoted to Managing Director. Millner, formerly a Director with the firm, joined Bradford Allen in 2009 and is a member of our Suburban Chicago leasing team.

Millner currently represents 14 properties totaling over 1.5 million square feet including 1751 West Diehl Road in Naperville and 396 Remington Boulevard in Bolingbrook. Some of Millner’s recently completed transactions include representing the ownership of 220 Remington Boulevard in Bolingbrook with a new 28,800 SF lease for S&S Activewear; representing the ownership of 25 Northwest Point in Elk Grove Village with the renewal and expansion of the American College of Occupational & Environmental Medicine (ACOEM) for 14,176 SF and partnering with Ryan Moen to arrange the sale of 130 West Liberty Drive, a 25,075 square foot retail property in Wheaton.

Prior to joining Bradford Allen, Millner worked as a commercial real estate advisor for O’Donnell Commercial Real Estate in St. Charles, Illinois.

“Jeff and I are could not be happier with John’s progress,” said Elbaum. “John has really made a name for himself as a Landlord’s representative in the Chicagoland Suburbs and his accomplishments are impressive. We both look forward to watching John take his career to the next level”.

John is a graduate of Eastern Illinois University where he earned a Bachelor of Science in Finance and a Master’s Degree in Business Administration. John has also earned his CCIM designation and resides in Lombard, Illinois with his wife and two sons.

 

Bradford Allen Adds New Leasing Assignment at 142 E. Ontario

Chicago, IL – Daniel Fernitz, Executive Managing Director of Agency Services, is pleased to announce that Bradford Allen has recently been appointed the exclusive leasing agent for 142 E Ontario in Chicago by the American Osteopathic Association. Managing Director Andy DeMoss and Director Matt Wright will be the leasing agents for the 137,050 SF office building.

Built in 1986, this 18-story contemporary office building, with an average floorplate of 7,510 RSF is 82% leased. Many floors feature private balconies and floor-to-ceiling windows which offer spectacular views of Michigan Avenue. A combination of full floors and individual suites are available at relatively modest prices given the quality of the location.

“We are thrilled to have the opportunity to represent the American Osteopathic Association as their leasing agents for this well-positioned property,” said Fernitz.

 

Bradford Allen Adds 2 New Leasing Assignments

Chicago, IL – Daniel Fernitz, Executive Managing Director of Agency Services, is pleased to announce that Bradford Allen has been appointed the exclusive leasing agent for two properties, one in Northbrook and one in Park Ridge.

Bradford Allen has been hired to represent 1200 Shermer Road in Northbrook. Dan Fernitz will be the leasing agent for the 80,811 SF office building. Built in 1982 this four-story property is well positioned close to both I-294 and I-94 and is within walking distance to downtown Northbrook and the Northbrook Metra station. Renovations to the common areas, restrooms, and conference facility are currently underway.

Additionally, Bradford Allen has been hired to represent 1300 Higgins Road in Park Ridge. Senior Managing Director Joel Berger will be the leasing agent for the 95,600 SF office building. Built in 1987 and located just off the 4-way interchange of Cumberland Avenue and I-90. Recent renovations include a new plaza, updated restrooms, heated garage, conferencing center, and mini market. With a great location, the O’Hare Corporate Center is a three-story atrium building with an abundance of natural light, walking distance to the CTA Blue Line, restaurants, and the new Marianos.

“We are excited to be working with these two local Owners to provide a high level of touch and attention to their Properties,” said Fernitz. “These Owners recognize the value of an entrepreneurial, project-focused Agent as a part of their team.”

 

Bradford Allen Completes New 15,720 SF Lease for Foley & Mansfield

Chicago, IL – Bradford Allen is pleased to announce that Principal and Executive Managing Director Ben Azulay has completed a 10-year lease for Foley & Mansfield at 70 W Madison Street in Chicago. Foley & Mansfield will occupy 15,720 square-feet, relocating from 55 W Monroe Street. Cushman & Wakefield’s Matt Lerner and Jack McKinney Jr. represented Ownership (Hearn & Co.) in the transaction.

Foley & Mansfield is a national defense law firm with approximately 160 attorneys in 13 offices from coast to coast, providing legal expertise, creative solutions and extensive trial experience across multiple jurisdictions.

Built in 1981, 70 W Madison is a 57-story, 1.4million SF office tower, formerly known as Three First National Plaza. Purchased by Hearn & Co. in November of 2016, 70 West Madison underwent extensive renovations including a full elevator modernization, facade renovation, atrium, entry & lobby enhancements, roof and HVAC replacements, common corridor upgrades, a fitness center renovation and the creation of an exclusive mezzanine level “c-suite” tenant lounge.

“It was important for Foley and Mansfield to maintain a central downtown location,” said Azulay. “This space had excellent existing Law Firm conditions, which could accommodate the tenants expansion needs, with only minor modifications.”

 

Bradford Allen promotes Ryan Moen to Managing Director

Chicago, IL – Jeffrey Bernstein & Laurence Elbaum, Co-founders of Bradford Allen are pleased to announce that Ryan Moen has been promoted to Managing Director. Ryan joined the company in 2009 and has consistently grown through the ranks. Over the years Ryan has expanded his Landlord representation portfolio and currently represents 19 buildings with a total RBA of over two million SF, including 220 Remington Boulevard in Bolingbrook and 4245 Meridian Parkway in Aurora.

Some of Ryan’s notable transactions include: representing Indeavor Development at 220 Remington Boulevard, Bolingbrook, in its new lease with S&S Activewear for 28,746 square feet; representing UBS Global Asset Management at 4245 Meridian Parkway, Aurora, in it’s renewal with Hartford Fire Insurance for 71,000 square feet and a 25,000 square foot lease with Sedgwick Claims Management as well. Most recently at this property, Ryan completed a long-term lease renewal with INEOS Styrolution for 22,000 square feet. Prior to joining Bradford Allen, Ryan worked for a nationwide real estate developer dedicated to redeveloping underutilized properties through public/private partnerships.

“We could not be happier with Ryan’s career growth and achievements,” said Laurence Elbaum, Co-founder. “From day one, he has exemplified the high level of professionalism, and possessed the moral and ethical character we value at Bradford Allen.”

Ryan is a graduate of the University of Illinois and lives in Geneva, Illinois, with his wife and two children.

 

Jonathan Seeley joins Bradford Allen as a Managing Director

Chicago, IL – Laurence Elbaum, Principal of Bradford Allen is pleased to announce that Jonathan Seeley has joined the firm as a Managing Director. Seeley, a 30-year Office Tenant Representation veteran of the commercial real estate industry, is based in the firm’s Downtown office. Prior to joining Bradford Allen, Seeley was a Vice President of Brokerage at Cushman & Wakefield and DTZ prior to their merger and a Managing Director at Studley before that.

Seeley primarily represents tenants and serves clients in the not-for-profit, financial services, legal, technology, and telecommunications industries. He also has previous experience representing institutional owners and investors in the acquisition and disposition of investment properties.

Seeley earned his MBA with a concentration in marketing and finance from the University of Illinois at Urbana-Champaign and his B.A. from Washington University in St. Louis

“Jonathan is an extremely well-respected veteran of the Chicago brokerage community, and we are very excited to welcome Jonathan to the BA team,” said Elbaum.

 

Bradford Allen Represents Deutsch, Levy & Engel in Lease Extension

Chicago, IL – Bradford Allen is pleased to announce that Managing Director Matthew Alexander has completed a lease extension and relocation on behalf of Deutsch Levy & Engel, Chartered (DLEC) at 225 W. Washington Street. The Chicago-based law firm signed a long-term lease extension and will relocate their offices into 14,000 SF of newly designed more efficient modern space on the 13th floor. The new space also provides DLEC with a prominent position on the floor with immediate access to elevators and the flexibility for future growth. DLEC was one of the first tenants to sign a lease in the then newly constructed building in 1986 and have occupied space on the 17th floor for over 30 years. Mark Gunderson and Mark Baby, of Cushman & Wakefield, represented the Landlord.

Deutsch, Levy & Engel was founded more than 50 years ago and serves clients throughout the United States and in many foreign countries. The firm concentrates in the areas of commercial transactions, financing, corporations, litigation, real estate, federal, state and local taxation, estate planning and probate, with a special emphasis on libel and slander law, and First Amendment matters. The firm’s list of clients includes publicly held as well as entrepreneurial and middle market companies engaged in a broad range of activities, financial institutions and state and local governmental agencies.

“This transaction was mutually beneficial for both the tenant and the landlord,” said Alexander. “The Tenant was able to take advantage of the opportunity to right-size their space and construct an office more suited to their current needs. Everyone involved in the project contributed a great deal and were invaluable in making this a successful transaction.”

Chicago’s Marmon Building, 225 W Washington, stands as one of the most elegant structures in the City of Chicago. Constructed almost entirely of a rose-colored marble with floor to ceiling windows and high arching entranceways, this building attracts some of the most successful businesses in Chicago as tenants. Located in the West Loop, the Marmon Building is one block from the Metra and El train stations and surrounded by several public parking garages. Its easy access to all major transportation routes makes this building a perfect location for commuting.

 

Bradford Allen Completes New 10,010 SF Lease for Simple Mills

Chicago, IL – Bradford Allen is pleased to announce that Associate Matt Wright and Principal Ben Azulay completed a new lease for Simple Mills at 435 N LaSalle in Chicago. Simple Mills will occupy 10,010 square-feet, relocating from 444 N Wells Street. Cushman and Wakefield’s Andrea Saewitz and Ben Cleveland represented the Landlord, Elmdale, in the transaction.

Founded by Katlin Smith in 2012, Simple Mills is a health food company based in Chicago, IL. Simple Mills makes simple, whole food ingredient baking mixes, crackers, cookies and frostings that are naturally gluten-free, grain free and Non-GMO project certified. Simple Mills is currently the fastest-growing brand in natural baking mixes and crackers, ranking #1 in natural baking mixes and #2 in natural crackers by dollars sold.

“Working with Simple Mills was highly enjoyable, their highly talented team possessed an energy and passion for the brand and company’s future that was inspiring,” said Wright. “This is an exciting time for Simple Mills, and the new space should allow them to scale efficiently while also providing a bright backdrop to help display their expanding product line.”

Elmdale purchased 435 N LaSalle, a timber loft building, in 2015. It was originally designed by Adler and Sullivan and is located in the heart of River North at LaSalle and Hubbard. Elmdale brought life back into the building by making some much-needed improvements to the entry, lobby, common corridors, elevators, and washrooms. With 13’ ceilings and large windows facing south and west, there is an abundance of natural light, an important feature to Simple Mills.

 

Bradford Allen Adds 4 New Leasing Assignments

Chicago, IL – Daniel Fernitz, Executive Managing Director of Agency Services, is pleased to announce that Bradford Allen has been appointed the exclusive leasing agent for four properties, one in Chicago and three in the East-West Corridor. Managing Director Chris Surico will be the Leasing Agent for the combined 130,000 SF of office space.

Construction Management has hired Bradford Allen to represent the following four properties, the Ashton Medical and Surgical Center in Hoffman Estates, 4111 W. 26th Street in Chicago, and 2208 Midwest Road and the Oak Brook Medical and Surgical Center, both in Oakbrook.

“We are excited to announce the expansion of our office portfolio with these four well-positioned properties in Chicagoland,” said Ferntiz. “These new leasing assignments were sourced through Chris Surico’s long-term relationships and are a testament to his professionalism and proven ability to create value for his clients.”

 

Principal Ben Azulay Elected to TCN Board of Directors

Chicago, IL – Jeffrey Bernstein and Laurence Elbaum, Principals and Co-Founders of Bradford Allen are pleased to announce the election of Ben Azulay, Principal and Executive Managing Director of Bradford Allen, to the TCN Worldwide Board of Directors. In addition, Ben was named Secretary of the Board. Bradford Allen has been a member of TCN Worldwide since 2004, and through this affiliation, Bradford Allen is able to service its clients locally, nationally, and internationally. Ben’s involvement continues BA’s tradition of leadership within TCN as Laurence Elbaum served nine years on the Board of Directors, including four years as Chairman from 2010-2014.

“We are thrilled that Ben was elected to the TCN Worldwide Board of Directors,” said Elbaum. “Ben has been with BA for 13 years and is integral to our team. Ben has demonstrated his leadership capabilities with TCN for years as a multiple winner of the TCN Team Player Award and his tenure as Regional Vice President for TCN’s Central Region. I am so happy to see him continue our firm’s tradition of leadership within TCN. Ben is recognized as an influential member of our firm, mentoring new brokers and providing first-class service to his clients”.

Joining Bradford Allen in 2004, Ben has built his national client base by focusing on representing tenants whose operations are based in Chicagoland. Throughout his tenure with the firm, Ben has represented large users of office space in a wide array of transactions including GrubHub, Northwestern Mutual, MedSpeed, Eagle Seven, Vision Critical, and Stratex, to name a few.

Azulay is a graduate of the University of Wisconsin-Madison, where he received his Bachelor of Arts Degree. He sits on the Board of American Friends of the Hebrew University and Ramah Wisconsin. Ben and his wife Heidi, a partner at DLA Piper, currently reside in Chicago with their four children.

 

Bradford Allen Adds 6 New Leasing Assignments

Chicago, IL – Daniel Fernitz, Executive Managing Director of Agency Services, is pleased to announce that Bradford Allen has been appointed the exclusive leasing agent for six properties in the East-West Corridor. Managing Director Chris Surico will be the Leasing Agent for the combined 300,000 SF of office space.

Comar Properties has hired Bradford Allen for two properties; 555 E Butterfield Rd in Lombard, and The Comar Center in Oakbrook Terrace, totaling approximately 100,000 SF.

Additionally, Craig/Steven Development Corporation has hired Bradford Allen to represent the following four properties, totaling approximately 200,000 SF, 1401 Branding Lane in Downers Grove, 290 Springfield in Bloomingdale, 45 S. Park Boulevard, in Glen Ellyn, and the Oakbrook Office Pavilion in Oak Brook.

“We are thrilled to add these six well-positioned properties in the Chicagoland suburbs to our growing office leasing portfolio,” said Fernitz. “These new leasing assignments were sourced through Chris Surico’s long-term relationships and are a testament to his professionalism and proven ability to create value for his clients.”

 

Bradford Allen Capital Arranges Financing for the Acquisition of Tri-State International Office Complex in Lincolnshire, IL

Lincolnshire, IL – Bradford Allen Capital arranged the acquisition financing on behalf of IHP Tri-State Asset LLC for the purchase of Tri-State International. Chuck Hoag, Senior Managing Director of Bradford Allen Capital, originated the $58 Million loan from Regions Bank.

“We presented the deal to a host of lenders, and Regions Bank gave us an outstanding offer,” said Chuck Hoag. “They wanted the opportunity to continue to grow their Midwest portfolio, and we are very pleased with the result.”

Tri-State International, the home of technology products seller, CDW’s executive offices, was constructed between 1984 and 1989 and is approximately 80 percent leased. The five building, 560,000-square-foot, Class A office complex is located at the four-way interchange of the Tri-State Tollway (I-94) and Half-Day Road (Route 22) in Lincolnshire, IL. In addition to the executive offices for CDW, notable tenants include: Solo Cup, Wells Fargo, and LTD Commodities. The property has recently upgraded its amenities including a state-of-art conference center with a 135-seat auditorium, and fitness center in the 200 Building and a new deli in the 300 Building. A recently completed 4-story parking structure was constructed for CDW’s employees and is immediately northeast of CDW Center, which contributes to the property’s above average 4.3/1,000 RSF parking ratio.

 

Daniel Fernitz Joins Bradford Allen as Executive Managing Director of Agency Services

Chicago, IL – Jeffrey Bernstein and Laurence Elbaum, Co-founders of Bradford Allen are pleased to announce that Daniel Fernitz is joining the firm as Executive Managing Director of Agency Services. Fernitz has 30+ years of experience in the commercial real estate industry will be responsible for overseeing and growing the firms’ Agency Services Division.

Fernitz joins Bradford Allen from Jones Lang LaSalle where he managed the suburban Chicago leasing team for the last 13 years and was directly responsible for growing their office leasing portfolio from 1.5 million to 10 million square feet. Prior to his tenure at JLL, Fernitz was a Principal with 1st United Realty, Director of Leasing at Klaff Realty, L.P., and held a senior management role at The Ross Group/Ross Berger in Chicago. Fernitz earned a B.S. in business administration with a concentration in real estate from the University of Arizona.

“Dan’s experience, leadership, and established industry relationships will be a tremendous addition to our agency services division,” said Elbaum. “Jeff and I are thrilled that Dan decided to join Bradford Allen. This is a true milestone in the growth and maturity of our firm.”

“I’m excited to be joining Bradford Allen for many reasons,” said Fernitz. “Their platform, culture and entrepreneurial spirit are a wonderful mix that promises to bring positive results to our clients and team.”

 

Chris Surico Joins Bradford Allen as a Managing Director

Chicago, IL – Laurence Elbaum, Principal of Bradford Allen is pleased to announce that Chris Surico is joining the firm as a Managing Director. Surico, a 30-year veteran of the commercial real estate industry will be based in the firm’s Oak Brook office, focusing his efforts in the Chicagoland suburbs. Prior to joining Bradford Allen, Surico worked with Chicagoland Commercial Real Estate in Palatine. Surico also spent six years with Grubb & Ellis and four years with Jones Lang LaSalle, as an East/West Corridor Office market specialist.

Surico primarily represents landlords in the East/West Corridor seeking to lease or sell their properties. He also assists tenant’s looking for office or industrial space. He has a long history in Chicagoland and has developed relationships with both institutional and entrepreneurial clients including Archon Group, Prudential Realty Group, Premises Group, Trader Joe’s, Morgan Stanley, and Exelon.

Surico earned a B.S., with a double major in philosophy and economics, from Lake Forest College in Lake Forest, Illinois and is currently working towards his CCIM designation.

“Chris is a consummate professional and he possesses the high moral and ethical character we value at Bradford Allen,” said Elbaum. “We are very excited to welcome Chris and his stable of clients to the Bradford Allen family.”

 

Bradford Allen Represents Heartland Health Outreach in Englewood Acquisition

Chicago, IL – Bradford Allen is pleased to announce that Craig Nadborne and John Skalla arranged the purchase of 5501 S. Halsted Street on behalf of Heartland Health Outreach in Englewood for a new permanent health center for people who are experiencing instability with housing. Heartland Health Outreach already has two full-service community health clinics on the city’s Near West Side and in Uptown.

Heartland Health Outreach (HHO) was founded in 1985 as a National Healthcare for the Homeless demonstration project. Since that time, it has grown to become a federally qualified health center and leader in providing healthcare to our most vulnerable populations – those who are homeless, suffer from mental illness or addictions or have multiple chronic illnesses. Today, HHO is a $24 million organization with a dedicated staff of more than 230 professionals, who provide care to more than 12,000 individuals in the Chicago metropolitan area each year.

The nearly 8,000-square-foot center will provide primary care, mental health services, substance use treatment, and assistance with linkage to housing, assistance with applying for benefits, entitlement and more. Construction is expected to cost about $3 million and will start in August, with the center due to open in January 2018.

 

Bradford Allen Completes New 8,229 SF Lease for Impact Networking

Chicago, IL – Bradford Allen is pleased to announce that Managing Director, Julie Lane has completed a new lease for Impact Networking at 125 S Clark Street in Chicago. The Design & Marketing Agency of Impact Networking will occupy 8,229 square-feet. Blue Star Properties’ Mike Lombardo represented the Landlord in the transaction.

Impact Design & Marketing specializes in brand development for businesses big and small, creatively providing everything from logos to websites. Established in 1999, Impact Networking offers solutions for strategic, cost-effective document workflow processes and technology in the workplace focused on document management software, custom integrations and office equipment. The company employs more than 400 people at twelve Midwest locations.

125 S Clark Street is 580,000 SF building in the center of downtown Chicago. Architect Daniel Burnham built it in 1907 as the Commercial National Bank building of Chicago. The building has recently undergone a $100 million restoration and renovation project including the addition of a rooftop terrace, fitness center and food court.

 

Bradford Allen Completes New 7,513 SF Lease for The Mosaic Financial Group

Chicago, IL – Bradford Allen is pleased to announce that Principal and Executive Managing Director Ben Azulay has completed a 10-year lease for The Mosaic Financial Group at 303 E Wacker Drive in Chicago. Mosaic Financial Group will occupy 7,513 square-feet on the 16th Floor, relocating from 330 N Wabash Avenue. Cushman and Wakefield’s Andrea Saewitz represented the Landlord in the transaction.

Established in 2000, The Mosaic Financial Group is a fee-only wealth management firm based in Chicago, IL. A Registered Investment Advisor (RIA), they provide full-service investment advisory, tax planning and return preparation, and estate and financial planning services.

303 E Wacker Drive, also known as the Three Illinois Center is an 803,492 square-foot, Class B office building in Chicago. It is prominently situated at the intersection of Wacker Drive and Columbus Drive overlooking the Chicago River. The building was designed by the renowned architectural firm, Fujikawa, Conterato, Lohan & Associates, and constructed in 1979.

 

Bradford Allen Completes 17,077 SF Renewal at 350 E 22nd Street, Lombard

Lombard, IL – Bradford Allen is pleased to announce that The Carlson Group has extended their lease at 350 East 22nd Street. The Carlson Group originally moved to the property in the summer of 2006; this is their second lease renewal at the building and they were represented by Tom Koelzer of Tenant Advisors.

Established in 1999, The Carlson Group, Inc. is an in-store retail marketing services company. It develops and installs store fixtures, store environments, POP displays, graphics and signage, warehousing, logistics/fulfillment, retail strategy, design, program development, store planning, engineering, global sourcing, and program roll out services. The Carlson Group, Inc. is headquartered in Portland, Oregon. It has design, development, production, and warehousing facilities in Lombard, Illinois; a sales office in Los Angeles, California; and a production and quality control management location in Shanghai, China.

350 East 22nd Street is a single-story, multi-tenant office property on 22nd Street. Built in 1982, the property is comprised of 40,860 rentable square feet and sits on 3.54 acres offering its tenants a highly desirable parking ratio of 5.15 /1,000. Located immediately north of Yorktown Center Mall and within minutes of Interstate-88 and Interstate-355 access via Highland Avenue.

 

Bradford Allen Hires New Director of Research

Chicago, IL – Bradford Allen is pleased to announce that the firm has hired Rhea Stephen as the new Director of Research. Rhea will be based out of the downtown Chicago office and will be responsible for overseeing all research policies, objectives, and initiatives. Her responsibilities include conducting market analyses of the downtown and suburban Chicago office markets, maintaining the firm’s information databases, as well as preparing in-depth reports on local, regional and national tenants, landlords and properties. Rhea previously worked as a Commercial Broker at KW Commercial and received her Masters degree in Journalism from the University of Wisconsin as well as her Bachelors Degree from Loyola University in Chicago.

“Rhea’s in-depth knowledge of the Industry and exceptional analytical skills will prove to be invaluable to our entire firm as well as our clients,” said Laurence Elbaum, Co-Founder and Principal of Bradford Allen.

 

Bradford Allen Completes Lease Extension for Alliance Title Corp

Chicago, IL – Bradford Allen is pleased to announce that Senior Managing Director Joel Berger has completed a 5-year lease renewal for Alliance Title Corp at 5523 N. Cumberland in Chicago. Alliance Title occupies 10,952 square feet and has been at the building since 2006. CBRE’s Dan Graham represented the Landlord in the transaction.

“Alliance Title Corp’s 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. This location offers easy access to many dining options, amenities, O’Hare International Airport and the Cumberland CTA Station” Said Berger.

Established in 1997, Alliance Title Corp is a full-service real estate title insurance, escrow, and closing services provider in the North Chicagoland Area.

Cumberland Metro Office Park is a 164,448 square-foot, Class B office property in Chicago. It is conveniently located just 30 minutes from downtown Chicago, five minutes from O’Hare International, and just one block from the CTA Blue Line Train and bus stops.

 

Bradford Allen Completes Lease Expansion & Extension in Elk Grove Village

Chicago, IL – Bradford Allen is pleased to announce that Director’s Ryan Moen and John Millner have completed a lease expansion and extension with the American College of Occupational & Environmental Medicine (ACOEM) at 25 Northwest Point. They now occupy 14,176 square feet. Moen and Millner represented the ownership in the transaction at the full-service Class A office building. ProTen Realty Group’s Kurt Walsh represented the tenant.

“ACOEM’s decision to sign a long-term lease was motivated by the Class A amenities and the outstanding location of 25 Northwest Point,” said Director, Ryan Moen. “The convenient access to O’Hare International Airport, the City of Chicago and the surrounding suburbs was also influential in their decision.”

Founded in 1916, ACOEM is the nation’s largest medical society dedicated to promoting the health of workers through preventive medicine, clinical care, research, and education. They have been at 25 Northwest Point since April 2005.

25 Northwest Point is a 207,136 square foot, 10-story, Class A office property, conveniently located just south of the Northwest Toll way four-way interchange at Arlington Heights Road. Work has recently been completed on a new 3,235 Square Foot move-in ready spec suite. In addition, a bike-sharing program has been recently implemented allowing tenants to benefit from the 10.8 miles bike trails at the Busse Woods Forest Preserve located across the street from the building.

 

Bradford Allen Hires New General Manger, Promotes John Skalla to Director

Chicago, IL – Bradford Allen is pleased to announce that the firm has hired Don Wisinski as a new General Manger. Donald will be based out of the Oak Brook office and will be responsible for the company’s suburban management portfolio.

“Donald brings over 15 years real estate experience to Bradford Allen.” Said Roger Clark, President of Management Services. “His career has provided invaluable experience in operations, leasing, tenant services, vendor management and outstanding client satisfaction.”

Wisinski, a graduate of Illinois State University, previously worked as a Property Manager at Boxer Properties and as an Area Facilities Manager at Foresite Realty Partners. He is a licensed real estate broker and a member of the International Facilities Management Association (IFMA).

John Skalla, an Associate with Bradford Allen since early-2015 in the Downtown office has been promoted to Director. Skalla’s notable tenant rep transactions include the recently completed 29,000 square-foot Home Chef deal at the Wrigley building and the new flagship location for the fast-casual restaurant chain Vapiano in River North. Some landlord work has included representing 520 W Erie and 174 N Michigan. Before joining Bradford Allen, he worked with SC Group Real Estate and Avison Young. Skalla is a graduate of the University of Dayton.

“We could not be happier with John’s professional development and maturity,” Said Laurence Elbaum, Co-founder, and Principal. “ Since joining us two years ago, he has become and valued member of our team and continues to showcase a strong work-ethic and commitment to creating value for his clients.”

 

Bradford Allen Completes 15,180 SF Office Renewal at 153 W Ohio in Chicago

Chicago, IL – Bradford Allen is pleased to announce that Managing Director Andy DeMoss has completed a 15,180 square-foot lease renewal with Shapiro + Raj on behalf of the owners of 153 W Ohio. CBRE’s Meredith Soren-Freese and Dave Mahoney represented the tenant. Bradford Allen has been the exclusive leasing agent for the building since mid 2015.

Shapiro + Raj is a branding and marketing firm, offering a broad range of qualitative and quantitative research services. Founded in 1956, they specialize in focus groups and market research. Shapiro + Raj currently occupies the entire third and fourth floors of the property.

According to DeMoss, Shapiro + Raj’s need for a highly specialized space and the increasing popularity of the River North market led to the company to decide to remain at 153 W Ohio.

Constructed in 1900, 153 W Ohio is a 40,318 square-foot, heavy timber loft building, unique to the River North district.

 

Bradford Allen Announces 8 Transactions Totaling 22,245 RSF in Des Plaines

Des Plaines, IL – Bradford Allen Realty Services is pleased to announce that the firm has recently completed four new leases, and four lease renewals at 1400 E Touhy in Des Plaines, Illinois, bringing the building occupancy to 85%.

Joel Berger, Senior Managing Director at Bradford Allen and exclusive leasing agent for the building, completed the four new leases totaling 11,683 RSF. The new transactions include a 6,502 square foot lease with Great Lakes Home Health, a branch of Great Lakes Caring, providers of home health and hospice care, Great Lakes was represented by Michael Webber and Jim Berkmeier of Advocate Commercial. In addition, Seal-tight Protective Services, a security services company signed a deal for 2,517 square feet; Naigai Trans Line, a freight transportation company leased 982 square feet and Design Fusion, a software company, leased 1,682 square feet.

The four lease renewals totaling 10,562 square feet include Paradigm, a digital marketing services agency who renewed 2,110 square feet; IMV Medical Information, a medical research and consulting firm renewed for 2,748 square feet; Ian Ryan & Associates, a video production, and interactive media company, renewed 2,668 square feet and A Hardy, a premium spirit, and wine import company, renewed 3,036 square feet.

1400 E Touhy is a four-story, 126,088 square foot office building built in 1969. It is easily accessible from all major residential areas in the O’Hare submarket. O’Hare International Airport, commuter rail lines, the CTA and i-294 and Route 83 with a new exit off I-90 at Lee Street less than a quarter mile from the building. Additionally, tenants are across the street from the All-State Arena and three major retail centers.

“We have experienced a dizzying amount of leasing activity in a short period,” said Michael Pontarelli, Senior Managing Director, Bradford Allen.

 

Bradford Allen Completes Three New Lease Transactions at 1006 S. Michigan

Chicago, IL – Bradford Allen is pleased to announce that Matt Wright, Associate Broker at the firm, has completed three lease transactions at The Lightner Building, 1006 S. Michigan Avenue in Chicago.

1006 S. Michigan is a 62,000 square foot brick and timber loft building in the South Loop. Bradford Allen was hired by ownership, JK Equities, OAKS Capital and Time Equities, Inc as the exclusive leasing agent for the property in late 2015 and has brought the building’s occupancy to 92.5%. Ownership has renovated the property including replacing the entryway doors, cosmetic upgrades to the lobby, and updating the security systems. Ownership acquired the building in concurrence with their planned 832ft Helmut Jahn designed, ¬¬¬¬condominium tower at 1000 S. Michigan Ave.

Wright successfully negotiated a ten-year lease with Corvita Health and Associates for 5,200 square feet on the 5th floor. Their first office in the Loop; Corvita will occupy the space in conjunction with their founder, Dr. Martin Burke who will run his cardiology practice. “The tenant loved the loft-feel and convenient location,” said Wright.

In addition, Wright also completed a new 3,000 square feet lease with BatesMeron Sweet Design, a full-service marketing, and branding agency, on the 6th floor; Diana Himmelstein of Tenant Advisory Group represented BatesMeron. They relocated from River North, “We hope that stretch of Michigan soon rivals that of the blocks to the North of it and we’ve made an 11-year commitment to ensure we get to enjoy that development for a long time” Said Becka Bates, President of BatesMeron Sweet Design.

Also, Roots of integrity, a Pilates and yoga training facility signed a new lease for 776 square feet, ownership hopes their addition will be viewed as an amenity in itself.

“Given the boom in multifamily construction in the area, we have experienced a spike in activity from potential tenants that have employees living in the area as well as service based companies who often bring clients into their space, such as insurance firms, CPAs, fitness groups, for example.” Said Wright “Furthermore, we have seen quite a few creative and tech groups interested in the building due to the rising prices of similar loft office buildings in River North and the lack of ready supply in Fulton Market.”

 

Bradford Allen Represents Vapiano in New River North Location

Chicago, IL – Bradford Allen is pleased to announce that Matt Alexander and John Skalla have completed a lease transaction on behalf of Vapiano at the 630 N Rush Street for the companies’ newest restaurant location. Vapiano will be opening a new 9,188 square feet restaurant, inside the AC Hotel Marriott on the corner of Rush and Ontario. CBRE’s Todd Siegel & Phil Golding and Bruce Westling of NAI MLG Commercial represented the Landlord.

Spread over two floors this new restaurant will serve Vapiano’s trademark homemade fresh pasta, pizza, and salad made-to-order by chefs from an open kitchen. The company has an established location at 44 S Wabash and more than 181 locations in 31 countries. The company is actively expanding operations in Chicago, and Bradford Allen is currently looking at sites for a Mini Vapiano, which is a new concept that was most recently rolled out in Europe.

“We knew this would be the perfect space for Vapiano’s newest restaurant. They are ideally situated in a high traffic area; in proximity to busy North Michigan Avenue.” said Alexander, “Few fast-casual restaurants provide such good quality food as quickly as Vapiano.”

Located in premier retail space right at the heart of the magnificent mile this new Vapiano will be an assured destination for the shoppers, tourists, business and residents of River North. The corner space provides excellent visibility, and the site is within four blocks of fifteen hotels. Vapiano plans to have the restaurant open for business in the early fall of this year.

 

Bradford Allen Hires New Leasing Team

Chicago, IL – Bradford Allen is pleased to announce that Jim Higdon and Kate Forthofer have joined Bradford Allen as a Managing Director and Associate respectively. Bringing a combined 20 years of experience to Bradford Allen the pair will be joining the tenant representation team in our Oak Brook office focusing on the Chicagoland suburbs. Before joining Bradford Allen Higdon and Forthofer worked with Transwestern in Chicago.

Jim is a graduate of Illinois State University with a BSBA in Accounting and Finance. Before entering the world of commercial real estate, Jim was a CPA for a suburban accounting firm and a controller for a packaging company. Jim’s strong financial background and depth of market knowledge have contributed to his success in helping clients save money, increase flexibility and reduce risk. Jim’s client list includes Fidelity Investments, Ingersoll-Rand, Liberty Mutual, RUSH University Medical and JM Smuckers.

Kate is a graduate of North Central College with a Bachelor’s degree in Communications. Prior to working in real estate Kate specialized in business development for telecommunication providers and furniture manufacturers. Since Partnering with Jim, two years ago, she has earned the reputation as an outstanding generator of new business opportunities.

“Jim and Kate’s in-depth knowledge and experience in the East/West & Northwest markets makes them an invaluable addition to our suburban practice overall,” said Elbaum. “We are very excited to welcome them to the BA team.”

 

Bradford Allen Completes New Lease for S&S Activewear in Bolingbrook

Chicago, IL – Bradford Allen is pleased to announce that Director’s John Milner and Ryan Moen have completed a lease transaction with S&S Activewear to occupy 28,746 square feet of space at 220 Remington in Bolingbrook. Milner and Moen represented the owner, Indevor Development in the transaction at the recently renovated property. The new tenant was represented by Cushman & Wakefields’ Britt Casey and Ned Franke.

S&S Activewear is an imprintable clothing, accessory and uniform wholesaler with additional locations in Kansas, New Jersey and California. Currently located just a mile away in Bolingbrook in an industrial building at 581 Territorial Drive the company will be relocating office staff into the new office space while keeping industrial operations at 581 Territorial Drive. They will be occupying the entire third floor of the building.

220 Remington was purchased in the summer of 2016 by Indevor Development and the new owners immediately started on renovations. “The building had been vacant for nearly 10 years and the Bolingbrook office market is very tight so this made it a great opportunity for the developer,” according to Millner. “There are not a lot of office options in Bolingbrook and even fewer “high end” options. The building also has a parking ratio of 8:1,000 which is very difficult to find in the suburbs, this made it a great option for S&S Activewear who has a dense layout,” said Millner.

220 Remington is an 81,000 square-foot, Class A office property. Some of the renovations that have been completed include new parking lot, new roof, new HVAC system, new windows, updated common areas, new lobby and new elevator systems. ATI Physical Therapy is also currently in the building on the first floor.

 

Bradford Allen Completes Renewal for Illinois Action for Children

Chicago, IL – Bradford Allen is pleased to announce that Julie Lane has represented the non-profit, Illinois Action for Children in a lease renewal at 1340 S Damen Avenue in Chicago. The group will be staying in its current space of almost 40,000 square feet on the second floor for an additional five years.

Illinois Action for Children, a client of Julie’s for the last 15 years, works to create systems of early care and education to help strengthen families and communities. The group was founded in 1969 and serves over 150,000 children and families in Chicago each year. They work to ensure that families have access to high-quality opportunities promoting their safety, health, and happiness by ensuring that early care and educational programs are affordable and accessible. They also work with child care providers and early childhood educators to improve the quality of these programs.

“This building is ideally suited for the client’s needs,” according to Lane, “the large, wide open floor plates and the abundance of parking at the building really caters to large non-profits.” The building is also under new ownership which was an additional factor in the decision, “the new ownership has some exciting plans for rehabbing the building which was another reason ILAFC was ready to recommit to the building.”

1340 S Damen is a 193,000 square-foot Class B loft, office located in Pilsen. Other tenants in the building include Vitas Healthcare and Lutheran Social Services of Illinois.

 

INEOS Styrolution Signs Long Term Renewal at 4245 Meridian Parkway

Chicago, IL – Bradford Allen is pleased to announce that Ryan Moen has completed a long term lease renewal for INEOS Styrolution on behalf of UBS Realty Investors at 4245 Meridian Parkway in Aurora. INEOS Styrolution currently occupies 22,000 square feet on the first floor and recently committed long term to the building.

Styrolution America, a joint venture between INEOS and BASF, first moved into its space in 2012. Last year INEOS acquired BASF’s stake in the company and is currently wholly owned subsidiary. INEOS is a global manufacturer of petrochemicals, specialty chemicals and oil products. INEOS is one of the leading chemical companies in the world with sales of $40 billion and has production sites in 16 countries.

“INEOS Styrolution’s 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. This location offers easy access to many dining options, amenities, I-88 interstate and the Route 59 Metra Station,” according to Moen.

4245 Meridian Parkway is a 140,000-square-foot Class A office property in Aurora owned by a private accounted advised by UBS Realty Investors. The two story building also is occupied by Hartford Fire Insurance Company and Sedgwick Claims Management Service.

 

Bradford Allen Represents Home Chef in Office Relocation

Chicago, IL – Bradford Allen is pleased to announce that John Skalla and Craig Nadborne have completed a lease transaction on behalf of Home Chef at the Wrigley Building for the company’s new headquarters. Home Chef will be moving into 29,095 square feet from its former headquarters at 225 West Ohio.

Home Chef is a weekly meal delivery service that provides easy recipes with fresh ingredients that allow customers to prepare home-cooked meals in about 30 minutes. Recently the company has experienced significant growth and is shipping nearly 2.5 million meals per month nationwide. In September they received $40 million in Series B capital from L Catterton, the largest consumer-focused private equity firm in the world.

This rapid growth increased the company’s headcount and created the need for additional office space. The company will be occupying the 14th floor of both the North and South Wrigley Towers, which are connected by a sky bridge. The transaction is a sublease between Home Chef and Extreme Reach who were represented by John Ziesmer and Kevin Moore of Avison Young.

“Home Chef, an innovative, home grown Chicago company, was drawn to this space due to its central location in a world-class iconic Chicago landmark building. Additionally, the space was previously built out and furnished to support collaboration and creativity, which aligned well with Home Chef’s needs. This was a perfect combination of factors and it will provide Home Chef with long-term growth potential in a one of a kind office space,” according to Skalla and Nadborne.

 

Bradford Allen Represents Precision Research in Office Renewal in Des Plaines

CHICAGO – Bradford Allen Realty Services is pleased to announce that Senior Managing Director Craig Nadborne and Associate John Skalla have completed a lease transaction for Test Positive Aware Network (TPAN). TPAN will be relocating from 5050 North Broadway back to 5533 North Broadway where they were previously a tenant. They will occupy 12,819 square feet.

TPAN is a community-based organization providing comprehensive health and wellness programs to those impacted by HIV/AIDS. Their mission is to empower those living with or at risk for HIV/AIDS to live open, healthy, and productive lives. According to Nadborne TPAN entered the market after Cedar Street Companies announced their intention to repurpose the group’s current home at 5050 North Broadway. After searching the market it was decided that following the buildings renovation TPAN would once again move into 5533 North Broadway. The organization is scheduled to relocate during the spring of 2017.

“This ends up being a win-win scenario, as the landlord gets a new long term tenant and the tenant (TPAN) moves into a location they are familiar with,” said Nadborne. “This is an established, well known location that will allow TPAN to continue to provide outstanding services to its diverse client base.”

Located in the Uptown neighborhood on the North side of Chicago 5533 N. Broadway is a 30,000 square-foot mixed use building. Originally built in 2002 the building has great access to public transportation as it is half a block away from the Bryn Mawr Red Line station.

 

About Bradford Allen Realty Services

Bradford Allen Realty Services, a Chicago-based commercial real estate firm, offers a full range of 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.

 

Bradford Allen Represents Ajinomoto in Lease Transaction in Itasca

CHICAGO – Bradford Allen Realty Services is pleased to announce that Senior Managing Director, Craig Nadborne has completed a lease expansion and extension on behalf of Ajinomoto. The company will be leasing an additional 7,159 square feet at 1300 North Arlington Heights Road where it currently occupies 13,476 square feet.

Ajinomoto is a Japanese food and chemical corporation and has been a client of Nadborne’s for over 20 years. The company is recognized as a global leader in amino-acid-based products for a variety of uses. Ajinomoto moved to 1300 North Arlington Heights Road back in 2012 from the O’Hare market where they still maintain an office. “Ajinomoto originally moved to this location because it provided first class office space at a competitive rental rate while still being close enough to O’Hare to be readily accessible for visitors,” according to Nadborne.

Ajinomoto’s expansion needs arose when it decided to relocate its New Jersey office to Chicago. “The high-end campus environment that Hamilton Lakes offers was the perfect place for the expansion. Ownership was very accommodating in helping structure this long term transaction,” said Nadborne. 1300 North Arlington Heights Road is a 108,000-square-foot Class A building that is part of the Hamilton Lakes Office Park. The complex, located just west of O’Hare Airport, is owned and managed by Hamilton Partners. The company will take occupancy of its additional space in February of 2017.

 

About Bradford Allen Realty Services

Bradford Allen Realty Services, a Chicago-based commercial real estate firm, offers a full range of 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.

 

Bradford Allen Represents BCL Meridian Parkway, LLC in Office Sale

CHICAGO –Bradford Allen Realty Services is pleased to announce that Dan O’Neill and Ryan Moen of the Oak Brook office have completed the sale of a 45,869 square foot office complex at 4222 Meridian Parkway in Aurora, Illinois. The sale was valued at $5,350,000.00.

O’Neill and Moen represented the seller, BCL Meridian Parkway, LLC in the transaction. 4222, 4234 & 4248 Meridian Parkway is a 45,869 square-foot single story Class A office park. The properties are home to several prominent tenants including; Dyson, who anchors the complex with its U.S. Call Center, Woodruff Johnson & Palermo and Medallion Media Group. Additionally, as part of the larger Meridian Business Campus the buildings have numerous other corporate neighbors.

O’Neill stated that the selling price of $116 per square foot for a non-medical single story office complex should be viewed as another step towards full post-recession recovery for the area. “With so many of the Class A suburban mid to high rise office buildings in coveted markets having traded in the past few years, we are starting to see capital searching for an alternative. Class A single story office is getting a lot of that attention.”

The complex, at over 95% leased was purchased by HJH Dyson 1, LLC. This property is the first purchase for HJH Dyson 1, LLC in the Chicagoland area. Based in Kansas, the buyers were drawn to the complex for numerous reasons including its convenient location off of Route 59, which serves as a major thorough fare through the area according to Moen. With over 300,000 residents located between Aurora and Naperville there is a large workforce to pull from, this coupled with a multitude of surrounding amenities made the buildings an attractive investment opportunity.

 

 

About Bradford Allen Realty Services

Bradford Allen Realty Services, a Chicago-based commercial real estate firm, offers a full range of 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.

 

TCN Worldwide and GVA Worldwide Negotiate a Transatlantic Alliance

LONDON and DALLAS, TX. – H. Ross Ford III, President & CEO of TCN Worldwide Real Estate Services, and David Greene, Chairman of the TCN Worldwide Board of Directors, together with Patrick Morrissey, Chairman of GVA Worldwide, announced today that the international real estate advisors have agreed to create an alliance that extends the scope and capability of their respective organizations into key strategic markets.

GVA Worldwide is an international network of independent commercial real estate companies working with a wide range of clients including occupiers, multi-national corporations, major space users, developers, owners, institutions, lenders and investors. Through its affiliated member firms, partners can harness the expertise of 5,000 professionals in over 120 offices across 25 countries worldwide.

The alliance with TCN Worldwide—a consortium of independent commercial real estate firms with approximately $38.8 billion in annual transactions and over 80 million square feet of space under management—will facilitate a range of services to both groups’ clients, including: transactions, strategic planning, market and site analysis, financial and fund structuring, lease consultancy, pre-acquisition due-diligence, valuation, asset, property and facilities management.

Patrick Morrissey, Chairman of GVA Worldwide, commented: “We have been in detailed discussions with TCN for some time. Our long standing ambition to establish a strategic alliance with a leading US real estate practice has been fulfilled. We have signed a memorandum of understanding with TCN. This agreement will form a hugely significant step in our plans to expand and strengthen not just our transatlantic ties but our wider cross-border capability throughout the GVA Worldwide community. As the markets continue to strengthen and the flows of capital continue our access to and representation in the US becomes increasingly important for our clients.”

  1. Ross Ford III, President and CEO of TCN Worldwide, stated: “We are excited to make this alliance a reality for our member firms. TCN serves more than 200 markets across the world and maintains an affiliate firm in nearly every major city in America. Expanding our network’s opportunities to better serve our many clients and extend the reach of our global partners across Europe is a significant success.” He added, “We will look to continue our global growth and work in concert with the GVA Worldwide team to take advantage of the many synergies our organizations share. Most importantly, we are already seeing several of our member firms and specialty teams working together on new business opportunities. We look forward to building on these early successes in the coming months.”

David Greene, Chairman of the Board of Directors of TCN Worldwide and President of Brokerage Services at MHP Real Estate Services in New York, added: “A strategic alliance between TCN Worldwide and GVA Worldwide increases our collective reach, strengthens our client base, and invigorates our individual firms. The new worldwide alliance now provides every individual in both affiliate organizations the chance to better serve their clients and prospects.” He added, “to be able to significantly expand our reach beyond the 200 markets that we currently serve through our independent affiliates is a distinct opportunity. This is an important alliance for TCN and all of our affiliates throughout America, Canada and the World and in particular, for MHP as the NYC affiliate for TCN and as a whole, we will continue to provide ‘best in class’ client services with sincerity and transparency.”

 

About GVA Worldwide

GVA Worldwide is a growing partnership of independent commercial real estate companies working with a wide range of clients including occupiers, multi-national corporations, major space users, developers, owners, institutions, lenders and investors. Its new partnership with Bilfinger Real Estate enables it to harness the expertise of 5,000 professionals in over 120 offices across 25 countries worldwide.

GVA Worldwide maintains a global presence, including Europe: Austria, Belgium, Czech Republic, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Norway, Poland, Portugal, Russia, Spain, Switzerland, Turkey, United Kingdom; Asia Pacific: Australia, China, Hong Kong, India. For further information visit www.gvaworldwide.com.

 

About TCN Worldwide

TCN Worldwide, a consortium of independent commercial real estate firms, provides complete integrated real estate solutions locally and internationally. With approximately $38.8 billion in annual transactions and over 80 million square feet of space under management, the organization ranks as one of the largest service providers in the industry. An extensive range of real estate services coupled with a personal commitment to exceed client expectations is what allows TCN Worldwide to be a leader within the commercial real estate industry. Formed in 1989, TCN Worldwide is comprised of over 800 commercial real estate professionals serving more than 200 primary and secondary markets worldwide. For more information on TCN Worldwide, contact H. Ross Ford or Nicole Hopkins at 972-769-8701 or visit www.TCNWorldwide.com

 

About Bradford Allen Realty Services

Bradford Allen Realty Services, a Chicago-based commercial real estate firm, offers a full range of 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.

 

Bradford Allen Completes Lease Renewal for Lubin-Bergman in Northbrook

CHICAGO – Bradford Allen Realty Services is pleased to announce that Laurence Elbaum, principal and co-founder of the firm recently completed a lease renewal on behalf of Lubin-Bergman Organization, Inc. for 7,700 square feet for the firm’s headquarters located at 5 Revere Drive in Northbrook, Illinois.

Founded in 1923, Lubin-Bergman Organization, Inc. is a full-service insurance agency. The firm provides personal and commercial insurance, with a niche in the jewelry industry. Headquartered at 5 Reverse Drive in Northbrook since 2005, Lubin-Bergman Organization, Inc. selected Bradford Allen’s Elbaum to assist with evaluating their headquarter location, which ultimately led to securing a long-term renewal within the same property.

“5 Revere Drive is an excellent property for Lubin-Bergman, conveniently located with easy access to public transportation, restaurants and local retailers.  This building also has the added benefit of underground parking and in-building food service.” said Elbaum. “We are pleased to have arranged this renewal for Lubin-Bergman with advantageous deal terms.”

Elbaum represented Lubin-Bergman Organization, Inc. in the lease negotiations and Dan Fernitz of JLL represented ownership.

 

 

About Bradford Allen Realty Services

Bradford Allen Realty Services, a Chicago-based commercial real estate firm, offers a full range of 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.

 

Bradford Allen Completes Lease Renewal and Expansion for SIRVA HQ in Oakbrook Terrace

CHICAGO – Bradford Allen Realty Services is pleased to announce that Joel Berger, senior managing director, has completed a lease expansion and renewal on behalf of SIRVA, Inc. totaling 62,000 square feet for the firm’s headquarters located at 1 Parkview Plaza in Oakbrook Terrace, Illinois. SIRVA’s office space was expanded 9,000 square feet.

Founded in 1998, SIRVA is a worldwide provider of company relocation services and moving solutions. The firm has been at 1 Parkview Plaza since 2013, when it relocated from the neighboring town Westmont. SIRVA has experienced rapid growth in the Midwest region and sought the help of Bradford Allen’s Berger to analyze their needs and devise a suitable solution for their growing business.

“SIRVA was in need of a larger space to house their expanding operations,” said Berger. “We are pleased to have sourced the opportunity for the firm to expand its presence within the same building. The building amenities, easy access to O’Hare airport and downtown Chicago, and being just minutes from the Oakbrook mall,  are among the factors that led them to remain at 1 Parkview Plaza.”

Built in 1993, 1 Parkview Plaza is a nine-story, 263,912 square foot office building. The Class A property is located near the intersection of 22nd Street and Route 83 and features tollway signage, a deli, a sundry shop, 24-hour manned security, a health club featuring basketball and racquetball courts as well as covered parking. Berger represented SIRVA in the transaction and Jim Adler of NAI Hiffman represented the landlord, TIAA-CREF.

 

About Bradford Allen Realty Services

Bradford Allen Realty Services, a Chicago-based commercial real estate firm, offers a full range of 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.

 

Bradford Allen Represents Mindcrest in Office Relocation and Expansion in Chicago

CHICAGO – Bradford Allen Realty Services is pleased to announce that Senior Managing Director Ben Azulay and Director Justin Kessler have completed a new 9,828 square foot lease on behalf of Mindcrest Inc. at 440 S. LaSalle Street in Chicago.

Founded in 2001, Mindcrest Inc. is a premier legal process outsourcing firm headquartered in Chicago with delivery centers in Chicago and Pune, India.  Mindcrest Inc. currently has an office at 1 E. Upper Wacker Drive.  Due to the firm’s recent growth and the need for additional space, Mindcrest Inc. chose to relocate to 440 S. LaSalle Street, where it will increase its space by more than 300%.

“Mindcrest was in need of a larger space in order to streamline their growing operations,” said Bradford Allen’s Kessler. “440 S. LaSalle Street provided the firm with the desired Loop location along with the space required to meet their current business needs.”

Azulay and Kessler assisted the firm with its site selection analysis, ultimately securing space within 440 S. LaSalle Street. Mindcrest Inc. will move into the new space in Q1 2016.  Azulay and Kessler represented Mindcrest Inc. in the lease negotiations while Mark Gunderson, Mark Baby and Ben Cleveland of Cushman & Wakefield represented ownership.

 

About Bradford Allen Realty Services

Bradford Allen Realty Services, a Chicago-based commercial real estate firm, offers a full range of 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.

 

Bradford Allen Completes 9,700 SF Lease Renewal for PSC Group in Schaumberg

CHICAGO – Bradford Allen Realty Services is pleased to announce that the firm’s Senior Managing Director Joel Berger has completed a lease renewal on behalf of PSC Group for 9,700 square feet for the firm’s headquarters space located at 1051 Perimeter Drive (Woodfield Executive Plaza) in Schaumburg, Illinois.

Woodfield Executive Plaza was built in 1973, and offers a total of 196,144 square feet of office space. The 11-story property is conveniently located adjacent to the Woodfield Shopping Mall and several expressways. Sabal Financial Group purchased Woodfield Executive Plaza in 2014 and has put several renovation plans in place since the acquisition.

PSC Group is an information technology and business consulting firm founded in 1990. PSC Group focuses on delivering high value technology solutions that help clients achieve their strategic business objectives. The firm has been headquartered at Woodfield Executive Plaza in Schaumburg since 1996 and maintains satellite offices in downtown Chicago and Overland Park, Kansas. Due to an impending lease expiration at its headquarters, PSC engaged Bradford Allen to assist with evaluation of their space at 1051 Perimeter Drive and explore alternative relocation options in the Northwest suburbs. The resulting study ultimately led to a lease restructure and long-term extension in which Bradford Allen was able to achieve an immediate and significant rent reduction for PSC Group as well as other favorable economic terms and concessions. As a key part of the negotiation, the landlord agreed to replace the entire HVAC system and install new lighting throughout the premises while providing PSC with an additional allowance for other needed improvements.

“After working closely with the landlord, we were able to restructure a long-term lease renewal for our client with advantageous terms plus prominent monument signage on the frontage road in addition to PSC’s existing monument signage on Perimeter Drive,” said Berger “PSC Group explored other suburban locations for its headquarters, but at the end of the day Woodfield Executive Plaza offered an excellent location with great visibility, access to major expressways and the amenities of Woodfield Shopping Mall.”

Joel Berger represented PSC Group in the lease negotiations and Jack Reardon of NAI Hiffman represented Woodfield Executive Plaza.

 

About Bradford Allen Realty Services

Bradford Allen Realty Services, a Chicago-based commercial real estate firm, offers a full range of 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.

 

Bradford Allen Completes Lease Renewal and Expansion for Illinois Action for Children

CHICAGO – Bradford Allen Realty Services is pleased to announce that the firm’s Managing Director Juliette Lane has completed a lease renewal and expansion for 7,518 square feet on behalf of Illinois Action for Children at 17926 S. Halsted in Homewood, Illinois.

Founded in 1969, Illinois Action for Children is a child-care advocacy organization. The firm currently occupies two suites within 17926 S. Halsted, totaling 4,779 square feet, and required additional space to accommodate its new Head Start and Early Head Start programs in the South Suburbs. Bradford Allen’s Lane sourced a unique and strategic opportunity for the firm within the same property, expanding the lease from 4,779 square feet to 7,518 square feet.

“After working closely with building ownership, we were able to arrange the expansion of Illinois Action for Children from two suites to three, within the same building, thereby creating a convenient expansion within the same property,” said Lane. “We are pleased to have assisted this organization in expanding its operations to include the Head Start and Early Head Start programs while also offering the space needed to accommodate the program’s growth.”

17926 S. Halsted was built in 1976, and offers a total of 14,000 square feet of office space. The property is located approximately 25 miles from downtown Chicago and offers easy access to several expressways. Lane represented Illinois Action for Children in the lease negotiations and Noah O’Neill of RN Realty represented ownership.

 

About Bradford Allen Realty Services

Bradford Allen Realty Services, a Chicago-based commercial real estate firm, offers a full range of 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.

 

Bradford Allen Represents Seller at 925 West Chicago Avenue in Chicago

CHICAGO – Laurence Elbaum, Principal and Co-Founder of Bradford Allen Realty Services is pleased to announce that Bradford Allen Realty Services in conjunction with Essex Realty Group has completed the sale of 925 West Chicago Avenue in Chicago. The sale was valued at $4,250,000.

Elbaum and co-broker, Jason Fishleder of Essex Realty Group, represented the seller, Gamla Cedron Group, in the transaction. 925 W. Chicago Avenue is a three-story, 2 7,500 square foot creative loft, office building which was 66% occupied at closing. The property is ideally located in the heart of the River West District, and blocks from River North. It offers easy access to the Kennedy Expressway and is within minutes of the Blue Line CTA. Built in 1905, the timber/loft property was renovated in 2013 and features 16’ clear ceilings, an abundance of natural light and ample parking.

This is the third property in Chicago that Bradford Allen has been selected to represent on the behalf of Gamla Cedron. Bradford Allen is currently the exclusive leasing agent for both 520 W. Erie Street, in River North and 318 West Adams Street, in the West Loop.
“Gamla Cedron chose to work with us again due to our past success with them”, said Elbaum. “The condition and location of this particular asset was a huge attraction. We were able to work with Essex Realty to use our combined market knowledge and resources to secure a quality buyer for our client. ”

About Bradford Allen Realty Services
Bradford Allen Realty Services, a Chicago-based commercial real estate firm, offers a full range of 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.

 

Pontarelli joins Bradford Allen as Senior Managing Director – Agency Services

CHICAGO – Jeffrey Bernstein and Laurence Elbaum, principals and co-founders of Bradford Allen are pleased to announce that Michael Pontarelli has joined the firm as Senior Managing Director – Agency Services.

 Bringing nearly 25 years of experience in commercial real estate to his role with Bradford Allen, Mr. Pontarelli has joined the firm’s agency services practice where he will focus on overseeing the day-to-day administration of the group as well as targeting and securing new leasing and management assignments throughout the Chicago area.

 “Michael’s vast amount of knowledge and expertise of the industry, along with his exceptional leadership skills, will prove to be invaluable to our entire firm as well as our clients,” said Bernstein. “He has a track record for success, understands the industry and is known for his ability to think outside of the box.”

 Throughout his career, Mr. Pontarelli has consistently been committed to creating value for clients.  Under this commitment, he has successfully completed millions of square feet of lease transactions, participated in hundreds of dispositions, directed operations and transitions as well as created and executed marketing plans for his clients. Mr. Pontarelli has consistently developed new business, including the growth of his prior portfolio to over four and a half million square feet of office, retail and industrial properties. 

 Prior to joining Bradford Allen, Michael was a Senior Vice President with Foresite Realty Partners, LLC in Rosemont, where he directed and managed nearly four and half million square feet, including leasing, management, strategic implementation and disposition. Before Foresite Realty Partners, he served as an Associate Vice President with UGL Services- Equis Operation, Inc. in Chicago. Here, Michael executed multiple projects and assisted in targeting strategic corporate and distressed real estate opportunities as well as assisted in developing and leading a new account team for a global conglomerate consisting of over 300 global locations.

 Mr. Pontarelli is a graduate of Bradley University, where he received his Bachelor’s degree in Business Administration.  He is an active member of several industry-related organizations including BOMA, National Association of Industrial and Office Properties and Real Estate Lenders Association (RELA). Michael was also a long-time board member of a Chicago area Chamber of Commerce and is a licensed real estate broker in the state of Illinois.          

 

About Bradford Allen Realty Services

Bradford Allen Realty Services, a Chicago-based commercial real estate firm, offers a full range of 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.

 

Bradford Allen Represents Synthesis Technology in Loop Office Relocation

CHICAGO, IL  – Bradford Allen Realty Services is pleased to announce that Senior Managing Director Craig Nadborne has completed a new 11,133 square foot lease on behalf of long-time client Synthesis Technology at 135 S. LaSalle Street in Chicago.

Founded in 1998, Synthesis Technology offers marketing operation solutions for investment management companies. The firm currently leases approximately 7,200 square feet at 820 W. Jackson Street. Due to the firm’s organic growth and need for additional space, Synthesis Technology chose to relocate to a portion of the  20th floor of 135 S. LaSalle, where it will lease 11,133 square feet.

Nadborne assisted the firm with its site selection & analysis; ultimately securing space within 135 S. LaSalle, a centrally located, Class A, 44-story, 1,258,205 square foot building, known for its modern amenities, as well as its distinctive architecture & design. Synthesis Technology will move into the new Loop space this month.  This is the fifth transaction in 17 years Nadborne has completed for Synthesis Technology.

“We have known and worked with Craig and the Bradford Allen team for over 17 years, and therefore he was the first person we called when we decided to relocate,” said John Toepfer, President of Synthesis Technology. “Originally we were in-lease with another Loop property, but due to unforeseen complications, we decided to explore alternative options. Craig was able to draw from his extensive resources and quickly found a spec space at 135 S. LaSalle which offered furnishings, a competitive rental rate as well as additional TI dollars to modify the space and really make it our own. Thanks to Craig, the deal was done in less than three weeks.”

“We are thrilled to have assisted Synthesis Technology in this relocation,” said Bradford Allen’s Nadborne. “135 S. LaSalle provides our client with a central location close to public transportation, an outstanding package of amenities, as well as a competitive rental rate and the square footage needed to accommodate the firm’s current and future space requirements.”

Nadborne represented Synthesis Technology in the lease negotiations and Melissa Rubenstein and John Beason of JLL represented building ownership.

 

 

About Bradford Allen Realty Services

Bradford Allen Realty Services, a Chicago-based commercial real estate firm, offers a full range of 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.

 

John Skalla Joins Bradford Allen as Associate

CHICAGO, IL – Jeffrey Bernstein and Laurence Elbaum, principals and co-founders of Bradford Allen are pleased to announce that the firm has hired a new team member. John Skalla has joined as an Associate.

As an associate with Bradford Allen, Skalla will provide tenant and landlord representation services. Skalla brings over six years of industry experience to his new role. Prior to joining Bradford Allen, he worked with SC Group Real Estate and Avison Young. Skalla is an undergraduate of the University of Dayton.

 

About Bradford Allen Realty Services

Bradford Allen Realty Services, a Chicago-based commercial real estate firm, offers a full range of 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.

 

Bradford Allen Represents Walton Isaacson in River North Office Relocation

CHICAGO, IL – Bradford Allen Realty Services is pleased to announce that Senior Managing Director Ben Azulay and Director Justin Kessler have completed a new 19,538 square foot lease on behalf of Walton Isaacson at 325 N. LaSalle Street (Reid Murdoch Center) in Chicago.

Founded in 2006, Walton Isaacson is an independent marketing agency with offices in Los Angeles, New York, Chicago and Miami. Due to the firm’s organic growth and need for additional space, Walton Isaacson chose to relocate from 400 N. State Street where they are spread over multiple floors to the 5th floor of the Reid Murdoch Center where they will have room for continued growth.

Azulay and Kessler assisted the firm with its site selection analysis, ultimately securing space at the Reid Murdoch Center based on its location as well as the building’s large floor plates. Walton Isaacson will move into their new office this summer.

“We are pleased to have assisted Walton Isaacson in this relocation and in streamlining its operations to create greater efficiencies,” said Bradford Allen’s Kessler. “This transaction enables the firm to stay in River North, while also accommodating the need to house all of its employees on one floor.”

Azulay and Kessler represented Walton Isaacson in the lease negotiations. The Reid Murdoch Center, which is owned and leased by Friedman Properties, was represented by Robert Zimmerman.

 

About Bradford Allen Realty Services

Bradford Allen Realty Services, a Chicago-based commercial real estate firm, offers a full range of 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.

 

I.H.P. Highland LLC Purchases 1920 S. Highland in Lombard From Ameriprise

CHICAGO, IL – I.H.P. Highland LLC has purchased 1920 S. Highland Avenue in Lombard, Illinois. The property acquisition was financed by a loan from A-10 Capital. Chuck Hoag, Senior Managing Director of Bradford Allen Capital arranged the financing on behalf of I.H.P. Highland LLC.

Built in 1988, 1920 S. Highland Avenue is a Class B, 53,195 square foot office building in the East-West Corridor located near the intersection of I-88 and I-355. The property is ideally located within minutes of an abundance of upscale shopping and dining destinations at Yorktown Shopping Center and along Butterfield Road.

The new owner engaged Bradford Allen Capital to secure financing for the property. Chuck Hoag was able to arrange a long term, non-recourse acquisition loan from A-10 Capital.

“The emergence of non-bank lenders like A-10 Capital, who pursue middle market opportunities, gave the partners several competitively priced non-recourse borrowing options,” said Hoag. “In the past for this type of asset their only option would have been a traditional loan from a local bank.”

This is the second acquisition I.H.P. Highland has completed this year. The owner purchased the adjacent property, 1910 S. Highland in March. 1910 and 1920 S. Highland will be marketed together and ownership plans to renovate the parking lot, HVAC systems and the common areas of the buildings. Bradford Allen’s Ryan Moen and John Millner will be representing both properties.

“The Principals of I.H.P. Highland chose to work with us again based on our relationship and successful track record,” said Moen. “We value and take pride in those we have the honor to work with on a repeat basis. It is a testament to our hard work and commitment to our clients.”

Like 1910, 1920 S. Highland was acquired from the properties prior lender following foreclosure.

 

About Bradford Allen Realty Services

Bradford Allen Realty Services, a Chicago-based commercial real estate firm, offers a full range of 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.

 

Bradford Allen Obtains $30 Million in Financing for Beverly Hills Country Club

LOS ANGELES, CA – Bradford Allen has partnered with Security Benefit Life Insurance Company to provide $30.0 million in financing for the acquisition and renovation of the Beverly Hills Country Club, a bath and tennis facility located in the Cheviot Hills’ neighborhood of West Los Angeles.  The club was purchased by a joint-venture between Meriwether Companies of Boulder, Colorado, and Singerman Real Estate, a Chicago-based investment fund.

The Club is situated on 3.91 acres and is improved with a 34,885 sq. ft. clubhouse, 10 lit tennis courts and an outdoor swimming pool.  Ownership plans a series of renovations, which will dramatically improve the exterior appearance, interior, and amenities.

“We provided the sponsors with a complete financing solution and the certainty of execution they needed to acquire the property,” said Joseph Wittrock of the Security Benefit Investment team.  “We are excited to see the renovation come together and believe the resulting product will be very special for the members of the Club.”

The financing was originated by Chuck Hoag of Chicago-based Bradford Allen Capital, which has a correspondent lending relationship with Security Benefit.

“Financing for these kinds of assets, similar to golf clubs and marinas can be very challenging. In this case, we had the benefit of Meriwether’s development experience and Singerman’s financial strength combined with an irreplaceable location.” Hoag said. “Our partners at Security Benefit quickly saw the potential in the deal and made a decision to partner with the sponsors and move to close. We had a tight deadline, but we got it done thanks to a total team effort by the lender and sponsors.”

 

About Bradford Allen Capital

Bradford Allen Capital originates and services permanent, bridge and construction financing in the form of senior-secured commercial debt, mezzanine debt and preferred equity for commercial properties nationwide. The firm is part of Bradford Allen Realty Services, a Chicago-based, national commercial real estate company that 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.

 

Bradford Allen Adds Two New Properties to Suburban Leasing Portfolio

CHICAGO, IL – Jeffrey Bernstein, Principal and Co-Founder at Bradford Allen is pleased to announce that the firm has been hired as the exclusive leasing agent for two additional office properties in suburban Chicago. The firm was selected by ownership to lease 800 Enterprise Drive in Oak Brook, Illinois and 17W220 22nd Street in Oakbrook Terrace, Illinois.

“We are excited to announce the expansion of our suburban office portfolio with these two well-positioned, high-quality properties in the East-West Corridor,” said Bradford Allen’s Principal and Co-Founder Jeffrey Bernstein. “We combine aggressive leasing and marketing efforts with in-depth market knowledge to ensure our team’s ability to improve the value of our clients’ assets. We are confident these new properties will garner just such success.”

Bradford Allen Director, Ryan Moen, will lease both properties. The first, located at 800 Enterprise Drive, is a 55,729 square foot office building offering floor-to-ceiling windows, move-in ready suites and covered parking. The building offers convenient access to I-88, I-294, I-355 and is a short drive to the Metra Highlands Station. Available suites range from 1,494 square feet up to 5,753 square feet.

Moen will also lease 17W220 22nd Street (Oakbrook Terrace Atrium) on behalf of ownership. The 56,414 square foot office property features a three-story atrium, exterior balconies as well as covered parking. It is conveniently located on 22nd Street with proximity to Oak Brook Center mall, I-88 and Route 83 (Kingery Highway). Available suites range from 1,398 square feet up to 10,829 square feet.

 

About Bradford Allen Realty Services

Bradford Allen Realty Services, a Chicago-based commercial real estate firm, offers a full range of 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.

 

Bradford Allen Completes Six New Leases for Farbman Group at Soon to Be Renovated Naperville Property

CHICAGO, IL – Jeffrey Bernstein, Principal and Co-Founder at Bradford Allen is pleased to announce that the firm has completed six new leases, totaling 25,565 square feet, at 280 Shuman Boulevard in Naperville, Illinois, increasing the occupancy by 37%.

280 Shuman Boulevard is a 69,077 square foot, two-story office property featuring an atrium lobby with a fireplace, a conference room and tenant lounge area. The building offers immediate access to I-88 and I-355 and easy access to public transportation as well as numerous area dining options. Built in 1979, the property is currently undergoing several major renovations to create more collaborative public spaces and an urban ambience to enhance the tenant experience. Renovations include modernizing the atrium areas by including Wi-Fi access, a new urban lounge and a dramatic light-filled atrium with bench and contemporary seating.

“We are excited about these recent deals at 280 Shuman, which were completed on behalf of the property owner, Farbman Group,” said Bernstein. “Our success in leasing the property stems from the major improvements being made by ownership, the building’s advantageous location as well as our continued dedication to tenant satisfaction.”

Ryan Moen, Director at Bradford Allen and the exclusive agent for the building, completed the six new leases totaling 25,565 square feet. The transactions completed at 280 Shuman Boulevard include 12,599 square feet for Rex Worldwide, represented by Troy Golden with SC Group; 3,431 square feet for Rightsize, self-represented; 3,388 square feet for Symmetry, represented by Chip Haines with RE/Max of Naperville; 2,859 square feet for SQS USA, represented by Steve Rasiramos with Bespoke Commercial; 2,087 square feet for AKT Peerless and 1,201 square feet for ML International, both self-represented.

“The Farbman Group is making significant capital improvements to 280 Shuman,” said Moen. “In today’s competitive marketplace, tenants seek a fresh new look and it’s important to have a product that addresses the changes in tenants’ preferences. The Farbman Group’s recognition of that fact will significantly improve the value of this property and the modifications have been well received by the marketplace.”

The renovations to the property are currently underway and are set for completion in May of 2015. The remaining 24,256 square feet is immediately available for lease.

 

About Bradford Allen Realty Services

Bradford Allen Realty Services, a Chicago-based commercial real estate firm, offers a full range of 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.

 

Bradford Allen Completes Lease Renewal and Restructure for Ex Libris in Des Plaines

CHICAGO, IL – Bradford Allen Realty Services is pleased to announce that the firm’s Senior Managing Directors Ben Azulay and Joel Berger have completed a lease renewal and restructure for 18,222 square feet on behalf of Ex Libris Group at 1350 E. Touhy Avenue in Des Plaines, Illinois.

1350 E. Touhy Avenue is a 244,049 square foot, office building located just north of the Allstate Arena, between I-90 and Mannheim Road. In 2009, the property’s developer, MR Properties LLC, filed for Chapter 11 bankruptcy protection, which set off a legal battle over the property between MR and the building’s owner at the time, Five Mile Capital Partners LLC, a Connecticut-based investment firm. Five Mile foreclosed on the property in December 2012 and in August 2014, 1350 East Touhy LLC purchased the property out of foreclosure. 1350 East Touhy LLC has since infused $3 million toward renovations and capital improvements at the property.

Ex Libris, a provider of library automation solutions, previously occupied space on the second floor of 1350 E. Touhy. As the firm neared the end of its current lease, Bradford Allen’s Azulay and Berger were selected to assist with site selection options and strategy. After reviewing multiple relocation options in the area, Ex Libris opted to stay at 1350 E. Touhy due to the recent renovations in the building. As a result, Azulay and Berger sourced a unique and strategic opportunity for the firm to restructure its current lease terms and relocate to another suite within the same property.

“When Ex Libris approached us, they had over two years remaining on their lease, but were not happy with the inefficiencies and dated finishes within their existing space,” said Azulay. “Knowing our client’s preference to remain at the Des Plaines location, Joel and I were able to restructure the rent for Ex Libris immediately to save them a considerable amount of money and move them into new, upgraded space in the building.  It was a win-win for all parties.”

Azulay and Berger represented Ex Libris in the lease negotiations and Fred Ishler of Transwestern represented ownership.

 

About Bradford Allen Realty Services

Bradford Allen Realty Services, a Chicago-based commercial real estate firm, offers a full range of 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.

 

Bradford Allen Welcomes Dan O’Neill as Managing Director of Investment Sales

CHICAGO, IL – Jeffrey Bernstein and Laurence Elbaum, principals and co-founders of Bradford Allen are pleased to announce that Dan O’Neill has joined the firm as Managing Director of Investment Sales.

“Dan brings over 25 years of investment sales experience to Bradford Allen,” said Elbaum. “He has a strong track record of achievement, understands the industry and will undoubtedly be an asset to our team.”

In his new role with Bradford Allen, O’Neill will concentrate on growing the investment sales platform in the Chicagoland Suburbs. His focus will be on the representation of Institutional and Entrepreneurial Owners of office, industrial and retail property. Prior to joining Bradford Allen, O’Neill was employed as Senior Vice President of Investment Sales with Cawley Chicago Real Estate. Throughout his career, O’Neill has been responsible for successfully negotiating over 400 lease agreements and sales contracts.

O’Neill is a graduate of the University of Iowa, where he received his Bachelor of Arts in Political Sciences and Economics.

About Bradford Allen Realty Services

Bradford Allen Realty Services, a Chicago-based commercial real estate firm, offers a full range of 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.

 

 

Bradford Allen Represents Seller in 43,516 SF Sale of Flex/Industrial Property in Downers Grove

CHICAGO, IL – Bradford Allen is pleased to announce that Directors Ryan Moen and John Millner have completed the sale of a 43,516 square foot flex/industrial building at 5201-5241 Thatcher Road in Downers Grove, Illinois.

 Moen and Millner represented the seller, Heartland Bank and Trust Company, in the transaction. 5201-5241 Thatcher Road is a 43,516 square foot multi-tenant, flex/industrial building. The property is ideally located within minutes of downtown Downers Grove, Lisle and Yorktown Shopping Center, offering an abundance of upscale shopping and dining destinations.  It offers immediate access to Interstate I-355 and I-88 and is located within minutes from the Belmont Metra stop. Built in 1978, the 11-unit facility features suites with drive-in doors and/or docks, heavy power and ample on-site parking.

“This multi-tenant, flex property was a rare offering in the West Suburbs industrial market,” said Moen. “It presented an outstanding ‘value add’ opportunity that garnered a lot of investor interest, and we are pleased to have assisted Heartland Bank and Trust in this transaction.”

The buyer of 5201-5241 Thatcher Road is Midwest Industrial Funds, a Chicago-based, vertically integrated industrial real estate, development and asset management company.  Midwest Industrial has been extremely active in the market acquiring several other industrial properties in metro Chicagoland in the last 12 months. The property is currently 32% occupied.

 

About Bradford Allen Realty Services

Bradford Allen Realty Services, a Chicago-based commercial real estate firm, offers a full range of 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.

 

Alexander Joins Bradford Allen As Managing Director

CHICAGO, IL – Jeffrey Bernstein and Laurence Elbaum, principals and co-founders of Bradford Allen are pleased to announce that Matthew Alexander has joined the firm as Managing Director.

Joining Bradford Allen from DTZ, Mr. Alexander brings over 20 years of transactional experience in commercial real estate to his role.  Matt has joined the firm’s tenant representation practice and will focus on expanding his portfolio of clients on a local, regional and national basis.

“Matt’s tenant representation background in national real estate along with his in-depth knowledge and expertise of Chicagoland are invaluable to his clients,” said Elbaum. “He understands the nuances of our industry and will be an important addition to the Bradford Allen team.”

Alexander did his undergraduate studies at the University of Illinois at Chicago.  He is an active member of CoreNet Global and is a licensed real estate broker in the state of Illinois. He currently resides in Chicago, Illinois.

 

About Bradford Allen Realty Services

Bradford Allen Realty Services, a Chicago-based commercial real estate firm, offers a full range of 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.

 

Bradford Allen Represents Buyer at 1910 S. Highland Avenue in Lombard

CHICAGO, IL  – Bradford Allen is pleased to announce that Director Ryan Moen has completed the 52,564 square foot building sale of 1910 S. Highland Avenue in Lombard, Illinois. Moen represented the property buyer in the transaction and Bradford Allen was also selected as the exclusive leasing agent and property manager for the property.

Built in 1988, 1910 S. Highland Avenue is a Class B, 52,564 square foot office building. The three-story property is ideally located within minutes of an abundance of upscale shopping and dining destinations at Yorktown Shopping Center and along Butterfield Road. Bradford Allen’s Moen assisted the undisclosed buyer with its site selection analysis, ultimately securing the property on Highland Avenue due to its location, the physical attributes of the building as well as the various size suites it offers. The property is currently 39.7% occupied.

This is the second property that Bradford Allen will lease for the buyer. Bradford Allen previously leased a 40,860 square foot office building, also in Lombard, for the firm.

“The buyer chose to work with us again due to our past success and our familiarity with the Lombard market,” said Moen. “We have successfully leased another Lombard property to 100% for the firm and we currently lease 1920 S. Highland Avenue, the adjacent property to 1910. Our experience in the market combined with our aggressive leasing and marketing efforts, ensures our team’s ability to produce significant results.”

Moen represented the buyer in the sale and Bill Novelli and Derek Fohl of CBRE represented the seller, RBS Citizens Bank.

 

About Bradford Allen Realty Services

Bradford Allen Realty Services, a Chicago-based commercial real estate firm, offers a full range of 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.

 

Bradford Allen Completes Two Leases Totaling 96,000 SF For UBS

CHICAGO, IL – Bradford Allen Realty Services is pleased to announce the firm’s Principal and Co-President Jeff Bernstein, Directors, Ryan Moen and Allison Reynolds, have completed two leases totaling 96,000 square feet at 4245 Meridian Parkway in Aurora, Illinois.

4245 Meridian Parkway is a two-story, 140,383-square-foot Class A office building built in 2000 for Hartford Fire Insurance Company (NYSE: HIG). The property is owned by an investor account advised by the real estate division of UBS Global Asset Management.  Bradford Allen was initially hired by UBS in 2011 to procure a tenant to lease a 22,000-square-foot space, vacated by Hartford. The firm successfully secured a lease with Styrolution America, LLC within eight months, returning the building to full occupancy. As a result, Bradford Allen was engaged to assist UBS in negotiations when Hartford notified ownership of its intent to consolidate.  Prior to the restacking of the building, Hartford was under lease for 118,000 SF, of which a portion of the second floor space was subleased to Sedgwick Claims Management Services, Inc., who acquired the Specialty Risk Services division from Hartford in December 2010 and continued to operate in the building. Further complicating matters, the building systems and utility configuration was built and designed for a single tenant.

“The unique circumstances presented by Hartford’s consolidation and Sedgwick’s preference for space more suitable for their company operations provided us with an opportunity to creatively structure a solution for all of the parties involved.” said Bernstein.

Moen added “We negotiated Hartford’s consolidation to the entire second floor, while simultaneously working with Sedgwick to relieve them of their sublease and enter into a direct new lease with the Landlord to relocate to the first floor. The building’s systems were also redesigned to accommodate multi-tenant operations moving forward. The result was both companies securing long-term leases and modifying the systems to operate like a typical multi-tenant building in the marketplace.”

Bernstein, Moen and Reynolds negotiated a 71,000-square-foot lease renewal of the second floor for Hartford and concurrently secured a 25,000-square-foot space with Sedgwick on the first floor, simultaneously filling more than half of the vacancy that was created by Hartford’s consolidation.  Andrea Van Gelder of JLL represented Hartford Fire Insurance Company and Mark Konieczka of CBRE represented Sedgwick Claims Management Services.

The Class A property, centrally located within the Meridian Business Park and located minutes from Route 59 and I-88, has 22,000 square feet remaining available for lease. The facility also offers bus service to the commuter train, high parking ratios and is within close proximity to several retail and restaurant options. The Meridian Business Park is home to many well-known companies including Nissan, Optimum Nutrition, JVC and Cabot Microelectronics to name a few.

 

About Bradford Allen Realty Services

Bradford Allen Realty Services, a Chicago-based commercial real estate firm, offers a full range of 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.

 

River North Office Redevelopment Leasing Up Quickly

CHICAGO, IL – Jeffrey Bernstein, Principal and Co-President at Bradford Allen is pleased to announce that 363 W. Erie Street in Chicago, Illinois has recently completed five new leases, bringing the office occupancy to approximately 50% within 90 days of the commencement of a major renovation to the building.

363 W. Erie Street is an 115,000 RSF loft office property. Located in the heart of River North, the property is within walking distance to the downtown area, the Merchandise Mart, public transportation, as well as several shops and restaurants. The property offers large floor plates up to 17,000 RSF, not commonly found in River North properties. There are two large contiguous blocks of space remaining in the building; one 23,446 RSF and the other 22,276 RSF.

The five new leases totaling 41,600 RSF, were all completed by Steve Fitzgerald, Managing Director of Bradford Allen and the exclusive agent for the building. The transactions completed at 363 W Erie include Worldwide Express leasing 12,951 RSF, represented by Chris O’Leary and Jeff Lindenmeyer with Avison Young; HighGround, Inc. leasing 10,500 RSF, represented by Ari Klein and James Stein with Cushman and Wakefield;  Medical Dermatology Associates of Chicago leasing 6,471 RSF, represented by Larry Cohen with @properties Commercial; NinjaTrader Group leasing 6,471 RSF, represented by Trevor Marticke with Cushman & Wakefield and InquanaMed leasing 5,200 RSF, represented by Victor Sanmiguel and Nicole Weldon with Cushman & Wakefield.

“We are pleased to announce these deals on behalf of Brijus Capital, LLC,” said Bernstein. “Our recent success in leasing the property stems from the major improvements being made by ownership, the building’s advantageous location as well as our continued dedication to tenant satisfaction.”

“The developer, Brijus Capital, LLC, saw the potential in 363 W. Erie and has made significant improvements to enhance the property,” said Fitzgerald. “We were then able to use our position in the market to quickly lease the newly renovated property to 50%, and with our aggressive marketing efforts, we are confident that we will continue to bring quality, long-term tenants to our client.”

The building was substantially vacant prior to the commencement of the renovations. The restorations include a new glass entrance, new lobby, a tenant lounge, bike room, and new high-speed elevators.  The building also has 12,000 square feet of newly created retail space that was formerly warehouse space.  The retail space is being marketed by RKF Group Illinois LLC.

 

About Bradford Allen Realty Services

Bradford Allen Realty Services, a Chicago-based commercial real estate firm, offers a full range of 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.

 

Bradford Allen Completes Lease Renewal for MedSpeed in Elmhurst

CHICAGO, IL – Bradford Allen Realty Services is pleased to announce that the firm’s Senior Managing Director Ben Azulay has completed a lease consolidation, expansion and renewal for 22,739 square feet on behalf of MedSpeed at 650-655 W. Grand Avenue (Corporate Commerce Center) in Elmhurst, Illinois.

Founded in 1999, MedSpeed is a technology enhanced healthcare transportation solutions provider. The firm has leased space within the Corporate Commerce Center for more than 10 years, and due to the firm’s success has grown to encompass four separate suites throughout the complex.  Again with a need for additional space, and to consolidate its employees under one roof, MedSpeed selected Bradford Allen to assist with finding them a solution to the firm’s space needs. As a result, Bradford Allen’s Azulay sourced a unique and strategic opportunity for the firm within the same property.

“After working closely with building ownership, we arranged the relocation of MedSpeed’s corporate operations from three smaller suites throughout Corporate Commerce Center to one larger suite and maintained a smaller suite for their logistic operations.” said Azulay. “We are pleased to have assisted MedSpeed in streamlining its operations under one roof and minimizing the disruption to its operations by remaining in the same complex, while also offering the space needed to accommodate the firm’s growth.”

“We anticipate that MedSpeed’s business and market-reach will continue to expand and are happy to have space to accommodate that growth,” said Jake Crampton, MedSpeed CEO. “Additionally, we wanted to keep our offices and operation in the same area because doing so makes it more convenient for our employees.”

Corporate Commerce Center was built in 1990, and offers a total of 142,095 square feet of flex space. The property is near several expressways, within minutes of O’Hare Airport and offers ample parking. Azulay represented MedSpeed in the lease negotiations and Patrick Lederer of Korman, Lederer & Associates represented Corporate Commerce Center.

 

About MedSpeed

The transportation of physical materials, such as patient specimens, pharmaceuticals, medical equipment, supplies, mail and print, is often overlooked by health system executives as a major component in meeting key business objectives, such as improving the patient experience, enhancing physician satisfaction, long-term cost savings and seamless integration and scalability post mergers and acquisitions. However, research shows that healthcare transportation has the potential to have significant impact at these high levels. MedSpeed partners exclusively with healthcare organizations to transform transportation from a cost center into a strategic asset that generates returns by integrating the enterprise-wide movement of physical materials.  The result is a high-performing, centralized operation that achieves greater operational efficiencies, more effectively utilizes scale, reduces operational expense, eliminates redundancies and capital expenditures, reduces risk and liability and centralizes services.

 

About Bradford Allen Realty Services

Bradford Allen Realty Services, a Chicago-based commercial real estate firm, offers a full range of 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.

 

J.H. Heck Joins Bradford Allen as Director in Chicago

CHICAGO, IL – Jeffrey A. Bernstein and Laurence B. Elbaum, principals and co-founders of Bradford Allen are pleased to announce that J.H. Heck has joined the firm as Director. Heck will provide tenant and landlord representation in the Chicagoland area.

Heck has 17 years of sales experience with 10 years being in the real estate and finance industries. Previously, he served as the local executive responsible for leasing, construction and property management at Aura Real Estate and Management in Chicago. Heck was responsible for origination and negotiation of all new and renewal lease agreements, tenant improvement analysis and construction projects at 330 S. Wells and 401 S. LaSalle in Chicago. Most notably, he achieved and maintained an occupancy level of 96% at 401 S. LaSalle with a marked increase in the property’s rent roll.

 “J.H. is a results-oriented professional with a long and successful track record”, said Elbaum.  “His ability to cultivate and secure new business, as well as, his experience in property management and financing will make him an asset to our growing team”.

In his new role with Bradford Allen, Heck will be responsible for assisting local and national clients with real estate analysis and decisions by aligning their organizational goals with sound market strategy. Prior to his experience in commercial real estate, Heck spent a number of years with Americor Financial Services in Michigan. He is a licensed real estate broker in the state of Illinois and holds a Bachelor’s in Business Administration from Northwood University in Midland, Michigan.

 

About Bradford Allen Realty Services

Bradford Allen Realty Services, a Chicago-based commercial real estate firm, offers a full range of 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.

 

 

Bradford Allen Adds Four New Chicago Properties To Leasing Portfolio

CHICAGO, IL – Bradford Allen is pleased to announce the firm has been hired as the exclusive leasing agent for four additional properties in Chicago, expanding the portfolio of their growing downtown agency practice. The buildings added to the portfolio include 1 East Erie Street; 120 West Madison Street; 520 West Erie Street; and 405 West Superior Street.

“We are excited to expand our downtown portfolio with these four well-positioned properties,” said Bradford Allen’s Principal and Co-Founder Jeffrey A. Bernstein. “With our aggressive leasing and marketing efforts, we have proven our ability to produce significant results for our clients whether in the city or suburbs.”

 

  • 1 East Erie – Bradford Allen was selected by the owner, Winthrop Realty Trust, to lease the Class B property in River North. The 126,266 square foot property features a soaring sky-lit atrium, a fitness center, high ceilings as well as an abundance of natural light throughout.  The property is centrally located with access to a plethora of shops, restaurants and public transportation. Available suites range from 1,703 square feet up to 11,553 square feet. Managing Director Steve Fitzgerald, and Associate Max Malec, will be leasing the property.

 

  • 120 West Madison – The firm has been hired to lease this property by the owner, 120 Building LLC. The 111,323 square foot Central Loop building offers a newly renovated lobby and elevators, brand new spec suites and a building conference center. Managing Director Andrew DeMoss, and Associate Reisha Vanterpool, will be leasing the property with available suites ranging from 400 square feet to 7,157 square feet.

 

  • 520 West Erie – Gamla Cedron hired the firm to lease the 40,300 square foot brick and timber loft building in River North. The property offers high ceilings, large windows and customizable suites.  It is located across from a park and offers several shops, restaurants and public transportation options nearby. Available suites range from 1,897 square feet up to 6,900 square feet. Senior Managing Director Craig A. Nadborne, and Associate Cathriona McGuire, will be leasing the property.

 

  • 405 West Superior – Micro Office Solutions, owner of the Class B, River North property, has selected Bradford Allen as the exclusive leasing agent. The 50,400 square foot building offers an efficient floor plate, modern concrete loft as well as garage parking.  It is located near public transportation, shops and restaurants. Managing Director Sameena Basit, and Associate Christopher Rucker, will be leasing the property with available suites ranging up to 14,400 square feet.

 

About Bradford Allen Realty Services

Bradford Allen Realty Services, a Chicago-based commercial real estate firm, offers a full range of 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.

 

Craig Nadborne Inducted to 2014 Midwest Real Estate Commercial Real Estate Hall of Fame

CHICAGO, IL — H. Ross Ford III, President and CEO of TCN Worldwide, joins with Jeffrey A. Bernstein and Laurence Elbaum, Principals and Co-founders of Bradford Allen/TCN Worldwide, to announce that Craig A. Nadborne, Senior Managing Director of Bradford Allen Realty Services/TCN Worldwide, has been inducted into Midwest Real Estate News’ Commercial Real Estate Hall of Fame.

Craig A. Nadborne joined Bradford Allen in 2007, bringing more than 30 years of experience to his leadership role. A seasoned professional, Craig has vast experience assisting clients with relocations, expansions, renegotiations, and dispositions of excess space for a wide variety of not-for-profit clients, as well as entrepreneurial, and mid-size businesses. He is proud to have represented clients such as Ajinomoto Heartland, Inc., MainStreet Advisors, Thresholds, Lambda Legal Defense and Education Fund, and Aids Legal Counsel of Chicago among others. Throughout his career, Craig has successfully closed over 600 transactions valued in excess of $36 million.

 Craig has been awarded several distinguished honors throughout his career including Board Member of Chicago House and Social Service Agency, President of the Chicago Business Network and President of Chicago Networking Group.

 “We are honored to announce that Craig Nadborne has been inducted into Midwest Real Estate News’ Commercial Real Estate Hall of Fame,” said Ross Ford, president and CEO of TCN Worldwide. “Craig’s commitment to underrepresented organizations and over three decades of success as a real estate professional have set him apart as one of the industry’s most impressive leaders. TCN Worldwide is honored to count him among the most esteemed representatives of our membership. Congratulations, Craig!”

 

About Bradford Allen Realty Services

Bradford Allen Realty Services, a Chicago-based commercial real estate firm, makes a full range of services and expertise available to entrepreneurial and corporate business entities, and not-for-profit organizations. The firm provides real estate strategy, advice, marketing, and transaction execution for occupiers, investors and owners of real estate.

 

About TCN Worldwide

TCN Worldwide, a consortium of independent commercial real estate firms, provides complete integrated real estate solutions locally and internationally. With approximately $38.8 billion in annual transactions and over 80 million square feet of space under management, the organization ranks as one of the largest service providers in the industry. An extensive range of real estate services coupled with a personal commitment to exceed client expectations is what allows TCN Worldwide to be a leader within the commercial real estate industry. Formed in 1989, TCN Worldwide is comprised of over 800 commercial real estate professionals serving more than 200 primary and secondary markets worldwide.

 

Bradford Allen Represents Blue Star Properties and Baderbrau Brewing at 2515 S. Wabash

CHICAGO, IL – Bradford Allen is pleased to announce that Senior Managing Director Ben Azulay and Director Justin Kessler have completed the 25,810 square foot building sale of 2515 S. Wabash in Chicago. The sale is valued at $1,250,000.

 Azulay and Kessler represented both the property buyer, Blue Star Properties and the lessee, Baderbrau Brewing. The property is located immediately off of I-55 in close proximity to McCormick Place and downtown. The South Loop property is situated a few blocks south of the soon-to-open Cermak station on the Green Line and features a bow truss ceiling, two drive-in doors as well as an old water tower visible in either direction on I-55.

 Baderbrau Brewing has leased the entire property on a long-term lease and plan to open the brewery along with a 4,000 square foot taproom later this year. Homebrewer Rob Sama revived Baderbrau in 2012, bringing back the original Chicago Pilsener popular in the 1990s, and has since created seasonal varietals such as Red Velvet, Oktoberfest, Lawnmower Lager and Naked Selfie, a Black India Pale Lager.

“We surveyed several neighborhoods outlining downtown, as it was important for Baderbrau to have a Chicago address,” Kessler said. “2515 S. Wabash was ultimately selected due to the building’s size and layout being ideal for Baderbrau’s vision, as well as the proximity to McCormick Place and the redevelopment of Motor Row.  However, with the building only for sale we had to bring in a developer to purchase the building and felt straight away that Blue Star was the right group for this project – it turned out to be a win/win for everyone.”

“The Bradford Allen team was fantastic to work with. Ben and Justin understood our requirements and worked tirelessly to find us a property that fit the bill for a brewery in terms of size, location as well as type of building,” said Sama. “Not only did they find us a great property, but they also found a buyer for the property, which was necessary to get the deal done.”

The brewery is projected to open late Summer 2015.

About Bradford Allen Realty Services

Bradford Allen Realty Services, a Chicago-based commercial real estate firm, offers a full range of 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.

 

 

Bradford Allen Represents Healthcare Tech Firm in Office Relocation and Expansion

CHICAGO, IL – Bradford Allen Realty Services is pleased to announce that Senior Managing Director Ben Azulay has completed a new 32,668 square foot lease on behalf of ZirMed at 111 N. Canal Street in Chicago.

 ZirMed, the premier cloud-based enterprise business and clinical performance solution for healthcare, recently acquired MethodCare, Inc., a Chicago-based healthcare analytics firm, with significant expansion plans in Chicago. MethodCare, Inc. currently leases 6,000 square feet at 350 W. Ontario. Due to the acquisition and the need for additional space, MethodCare, Inc., chose to relocate to the fourth floor of 111 N. Canal Street where it will increase its space fivefold.

“In conjunction with the acquisition of MethodCare, ZirMed needed to find a new space in order to streamline their growing operations,” said Bradford Allen’s Azulay. “111 N. Canal provided the firm with the desired west loop location, space requirement on a single floor, amenities and relocates them into one of the city’s hottest tech markets.”

Azulay assisted the firm with its site selection analysis, ultimately securing space within the West Loop building based on its location, which provides easy access from the city and the suburbs, as well as the building’s high-tech atmosphere. ZirMed will move into the new space in March 2015, and will join the building’s other technology tenants including Uber Technologies, Gogo Inc. and Twitter Inc.

 Azulay represented ZirMed in the lease negotiations. 111 N. Canal, which is owned and leased by Sterling Bay Companies, was represented by Chloe Reaumond.

 

About Bradford Allen Realty Services

Bradford Allen Realty Services, a Chicago-based commercial real estate firm, offers a full range of 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.

 

Bradford Allen Completes Long Term Sublease for MainStreet Advisors at 120 N. LaSalle

CHICAGO, IL – Bradford Allen Realty Services is pleased to announce that the firm’s Senior Managing Director Craig Nadborne has completed a sublease for 13,685 rentable square foot lease on behalf of MainStreet Advisors (MSA) at 120 N. LaSalle in Chicago.

MainStreet Advisors specializes in providing wealth management services for financial institutions. A client of Nadborne’s for more than a decade, the firm currently occupies 8,694 square feet at 120 N. LaSalle and required additional space to accommodate its operational growth. Bradford Allen’s Nadborne sourced a unique and strategic opportunity for the firm within the same property.

“The full floor sublease was available 4 floors below MainStreet’s existing offices and it was still in the high-rise portion of the building, which was a requirement of MSA’s” said Nadborne. “After working closely with Avison Young, the sub-lessor, and building ownership, we were able to arrange the relocation of MainStreet Advisors to the 13,685 square foot space thereby creating a convenient expansion within the same building.”

The newly leased space is currently occupied by Avison Young who will be relocating to another downtown property. MainStreet Advisors’ former space of 8,694 rentable square feet is now available for sublease. The investment firm will take occupancy of the expanded offices on the 33rd floor in November.

“Craig arranged our first lease for 775 square feet many years ago,” said John Crosson, managing director of MainStreet Advisors. “He understands our business and requirements and has seen us through multiple expansions. In this case, he created an opportunity for us to continue our growth with little disruption to our operations. It was a win-win for everyone involved.”

Nadborne represented MainStreet Advisors in the lease negotiations and Avison Young was self-represented by John Ziesmer, in the sublease.  120 N. LaSalle is owned by Lincoln Property Company.

 

About Bradford Allen Realty Services

Bradford Allen Realty Services, a Chicago-based commercial real estate firm, offers a full range of 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.

 

Bradford Allen Expands Team With More New Hires

CHICAGO, IL – Jeffrey Bernstein and Laurence Elbaum, principals and co-founders of Bradford Allen are pleased to announce that the firm has hired three new team members. Heidi Roth has joined the firm as an office coordinator, and Matt Wright and Christopher Rucker have joined the firm as broker associates.

As an office coordinator, Roth will be responsible for fostering and maintaining a professional, efficient, productive and collaborative work environment. Roth’s responsibilities include office operations, human resources management and information technology. Prior to joining Bradford Allen, Roth worked at LaSalle Network, where she was also an office coordinator. She received her Bachelor of Science degree in Family and Child Studies from Northern Illinois University.

As broker associates with Bradford Allen, Wright and Rucker will work directly with senior brokers to build relationships with internal and external clients and to develop new business accounts. They will also be responsible for researching local, regional and national tenants and landlords, qualifying prospective companies as well as preparing and completing client tours for senior brokers and clients as needed.

Wright joins Bradford Allen from Echo Global Logistics in Chicago, where he was a senior account executive. He is a graduate of Southern Methodist University where he received his Bachelor of Art’s degree in Developing Markets and Culture.

Rucker comes back to Bradford Allen after recently graduating from the University of Missouri, where he received his Bachelor of Science degree in Financial Planning with an emphasis on Real Estate. While earning his degree, he completed an internship with Bradford Allen in the summer of 2013.

 

About Bradford Allen Realty Services

Bradford Allen Realty Services, a Chicago-based commercial real estate firm, offers a full range of 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.

 

Bradford Allen Welcomes New Financial Analyst to Team

CHICAGO, IL –  Jeffrey Bernstein and Laurence Elbaum, principals and co-founders of Bradford Allen are pleased to announce that Lauren Lambe has joined the firm as Financial Analyst.

“We are excited to welcome Lauren to our team,” said Elbaum . “Her extensive background in global real estate finance will be an asset to our team as we continue to grow our business.”

In her new role with Bradford Allen, Lambe will work closely with the acquisition, lending and leasing teams to provide Argus valuation modeling, underwriting and analyses. Her responsibilities will also include analyzing potential leases, overseeing investment performance, and performing detailed quarterly financial analysis. Prior to joining Bradford Allen, Lambe was employed as an associate with PricewaterhouseCoopers’ Real Estate Advisory Group in Chicago where she represented clients such as JP Morgan, Bank of America, PIMCO, Oak Tree and Prima Capital.

Lambe is a graduate of the Boston College Carroll School of Management, where she received her Bachelor’s degree in Accounting and Economics. She is also an active member of the Junior Council, a charitable organization comprised of young professionals which supports the Pediatric & Adolescent AIDS & HIV Programs of Ann & Robert H. Lurie Children’s Hospital of Chicago. Lambe currently resides in Chicago, Illinois.

About Bradford Allen Realty Services

Bradford Allen Realty Services, a Chicago-based commercial real estate firm, offers a full range of 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.

 

Bradford Allen Represents Epsilon in 42,435 SF Office Relocation in Itasca

CHICAGO, IL – Bradford Allen Realty Services is pleased to announce that Senior Managing Director Ben Azulay and Director Ryan Moen have completed a new 42,435 square foot lease on behalf of Epsilon at 1 Pierce Place in Itasca, Illinois.

Epsilon, a global marketing services firm, is relocating to 1 Pierce Place from 1100 East Woodfield Road in Schaumburg, Illinois. Founded in 1969 and recognized by Ad Age as the #1 U.S. Agency from All Disciplines, #1 World CRM/Direct Marketing Network and #3 U.S. Digital Agency Network, the firm has 60 offices worldwide and over 5000 employees. With six offices in the Chicago area, the firm is consolidating its existing Schaumburg location with its office in West Chicago, Illinois.

Azulay and Moen assisted the firm with its site selection analysis, ultimately securing space at 1 Pierce Place in Itasca based on its location between Schaumburg and West Chicago as well as the building’s high-end, professional environment. Epsilon will move into the new 42,435 square foot office space in two phases beginning in November 2014 and culminating in May 2015.

“We are pleased to have assisted Epsilon in streamlining its operations to create greater efficiencies and foster deeper collaboration. This transaction enables Epsilon to combine employees from two suburban offices under one roof in a convenient and centralized location,” said Bradford Allen’s Azulay. “It also offers Epsilon flexible expansion options within the same property if needed down the road.”

“It’s an exciting time for Bradford Allen with our continued expansion and the growth of our multi-market platform,” added Jeffrey Bernstein, principal and co-founder of Bradford Allen. “In this particular transaction, Ben and Ryan teamed with Cassidy Turley’s Boston office and drew from their market knowledge and analysis skills to find a high-end, move-in ready space to accommodate the firm’s near and long-term growth.”

Azulay and Moen represented Epsilon in the lease negotiations and co-brokered the deal with John Boyle and Denise Orlando from Cassidy Turley’s Boston office. Scott Schroeder of Hamilton Partners represented building ownership.

About Bradford Allen Realty Services

Bradford Allen Realty Services, a Chicago-based commercial real estate firm, offers a full range of 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.

 

Bradford Allen Completes 16,005 SF Lease For Long Time Client Ajinomoto Heartland, Inc.

CHICAGO, IL – Ajinomoto Heartland, Inc., a global leader in feed-grade amino acid manufacturing, signed a 16,005 square foot, lease renewal, extension and expansion at 8430 W. Bryn Mawr Ave, US Cellular Plaza.

Bradford Allen’s Senior Managing Director, Craig A. Nadborne represented Ajinomoto Heartland, Inc. in the transaction. Nadborne has been the company’s broker for 22 years when Ajinomoto Heartland, Inc. renewed its first lease of 4,000 square foot in the building. The company currently occupies 11,140 square feet and will be expanding by another 4,865 square feet this fall.

“When we enter  into renewal negotiations Craig has always had the focus I’m looking for, whether it is rate reduction, free rent or better terms.” said Dennis Mullane, vice president and treasurer of Ajinomoto Heartland, Inc.. “He’s completely familiar with how we operate, the rate at which we’ve grown and what we need.”

Ajinomoto Heartland, Inc. decided to keep its Chicago location in O’Hare because of the large volume of employees  visiting from their headquarters in Japan and also from its production operations in Iowa.

“US Cellular Plaza was able to accommodate Ajinomoto’s expansion needs and create an extended lease with favorable terms ” said Nadborne. “Through the years, US Cellular has been a great home for them due to its location in O’Hare.”

Bradford Allen’s Craig Nadborne represented Ajinomoto in the lease negotiations and 8430 W Bryn Mawr was represented by Collier International’s Francis Prock and Jason Simon.

About Bradford Allen Realty Services

Bradford Allen Realty Services, a Chicago-based commercial real estate firm, offers a full range of 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.

 

Bradford Allen Represents Residential Home Health in Office Relocation and Expansion

CHICAGO, IL, – Bradford Allen Realty Services is pleased to announce that Senior Managing Director Joel Berger has completed a new 17,000 square foot lease on behalf of Residential Home Health at 1431 Opus Place (Executive Towers West I) in Downers Grove, Illinois.

Residential Home Health, one of the largest providers of home health and hospice services in the Midwest, is relocating to Executive Towers West I from 40 Shuman Blvd. in Naperville, Illinois. Founded in 2001, the firm recently acquired Elmhurst Memorial Home Health and Elmhurst Memorial Hospice creating the need for additional space as well as a new centralized location. Berger assisted the firm with its site selection analysis, ultimately securing space within Executive Towers West I which more than doubled the firm’s existing offices. The new 17,000 square foot office space will be customized to accommodate Residential Home Health’s requirements including classrooms as well as training rooms.

“Residential Home Health is a dynamic and growing organization and Executive Towers West I provided the location, amenities and space needed to accommodate the firm,” said Bradford Allen’s Berger. “It also provides a centralized location to best serve Residential Home Health’s existing Naperville employees as well as the new team from Elmhurst.”

Berger and co-broker, Skyline Properties from Troy, Michigan, represented Residential Home Health in the lease negotiations. John Norris, John Clark and Rob Lundin with Newmark Grubb Knight Frank represented ownership in the lease transaction.

About Bradford Allen Realty Services

Bradford Allen Realty Services, a Chicago-based commercial real estate firm, offers a full range of 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.

 

Bradford Allen Suburban Team Negotiates Multiple Leases Throughout The Second Quarter

CHICAGO – Bradford Allen Realty Services’ suburban tenant representation team has arranged several leases throughout the second quarter in the Chicagoland suburbs.    Senior managing director Joel Berger, director John Millner and director Ryan Moen have negotiated leases on behalf of five new clients.

Silgan White Cap, a leading worldwide supplier of metal, composite and plastic vacuum closures for food and beverage products, has renewed their office lease at 1140 31st Street in Downers Grove.  Both Berger and Moen represented the firm in the 42,000 square foot renewal.   The lease will accommodate the growing firm who acquired Naperville-based Portola Packaging late last year.  Doug Jones, a Senior Vice President with HSA Commercial, represented the landlord.

Dex Media, a provider of social, local and mobile marketing solutions through direct relationships with local businesses, has leased 9,800 square feet of office space at 300 North Martingale Road in Schaumburg.  The Dallas, Texas based firm, represented by Berger and Bob Acuff from Case Commercial, is consolidating four regional Regus office suites spread across the northwest market.   Joe Stevens, a Senior Vice President with Transwestern, represented the landlord, LNR Realty Partners.

Additionally, the suburban tenant representation team has completed leases on behalf of:

  • Trinity Holistic Health Center – in a renewal at 8501 W Higgins Rd in Chicago.  Represented by Berger.
  • Mortgage Services III, Inc – in a renewal at Brittany Towers, 17 W662 Butterfield Road in Oakbrook Terrace.  Represented by both Berger and Moen.

About Bradford Allen Realty Services

Bradford Allen Realty Services, a Chicago-based commercial real estate firm, offers a full range of 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.

 

Bradford Allen Represents Consumers Digest Communications in Lease Renewal

CHICAGO – Consumer Digest Communications, a consumer products review periodical, has signed a 9,987 square foot, long-term lease renewal at 520 Lake Cook Road.   The publisher has operated out of its Deerfield location for the past ten years.

Bradford Allen Senior Managing Director Ben Azulay represented Consumer Digest Communications in the transaction.  Chris Cummins and Steve Kling of Colliers International represented the landlord, Arden Realty.

“Consumers Digest Communications analyzed several relocation options in the area, but ultimately the combination of the building’s quality and location made a renewal the optimal decision for them,” said Azulay.

About Bradford Allen Realty Services

Bradford Allen Realty Services, a Chicago-based commercial real estate firm, offers a full range of 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.

 

Bradford Allen Completes 21,000 SF Lease in Bolingbrook

CHICAGO – Bradford Allen Realty Services is pleased to announce the firm has recently completed a 21,000 square foot lease for Fidelity Information Systems (FIS) at Creekside Corporate Center located at 270 Remington Boulevard in Bolingbrook, IL.

After analyzing multiple options in the market, FIS, a global provider dedicated to banking and payments technologies, chose the Creekside Corporate Center for its well-surrounded location and hands-on ownership.   Bradford Allen directors Ryan Moen and John Millner represented the building’s ownership, Sperry Equities.  FIS was represented by Erik Ozolins of California-based Orion Realty.

“The firm was drawn to the convenient Bolingbrook location, competitive pricing, and  proactive ownership,” says Millner.  The collaborative efforts of the ownership, leasing and management were able to provide Fidelity Information Systems with a smooth and fast deal for their new facility.

270 Remington and 480 Quadrangle in Bolingbrook, collectively known as Creekside Corporate Center, were purchased by Irvine, California-based Sperry Equities in August 2013.  The office complex, which consists of approximately 98,000 square feet of single story office space, has 17,000 square feet remaining.

About Bradford Allen Realty Services

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. Services include:  Tenant Representation, Landlord Representation, Property Management, Commercial Real Estate Finance Corporate Services, and Investment Sales. Please visit our website at www.bradfordallen.com.

 

Bradford Allen Promotes Tom Hanrahan To Research and Communications Director

CHICAGO – Bradford Allen is pleased to announce the promotion of Tom Hanrahan to Research and Communications Director.

Hanrahan joined Bradford Allen in 2013 and has quickly built an impressive reputation within the firm, providing data-driven market analysis and intelligence for the Chicago CBD and suburban office markets while developing cutting-edge research related marketing tools.  He was formerly an Associate.

In his new role, Hanrahan will continue to provide market research and strategic insights to the firm, and will now oversee the firm’s public relations, social media initiatives and corporate communications platform.

Prior to joining Bradford Allen, Tom was an associate at Barrington Research, a full-service investment firm, providing research, brokerage, investment banking and asset management services.

A graduate of Adrian College in Adrian, Michigan, Hanrahan is a member of the Young Real Estate Professionals (YREP) organization.

About Bradford Allen Realty Services

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. Services include:  Tenant Representation, Landlord Representation, Property Management, Commercial Real Estate Finance Corporate Services, and Investment Sales. Please visit our website at www.bradfordallen.com.

 

Bradford Allen Suburban Team Negotiates Multiple Leases

CHICAGO –   Bradford Allen Realty Services’ suburban tenant representation team has arranged several leases throughout the first quarter in the Chicagoland suburban office market.    Senior managing director Joel Berger, director John Millner, director Ryan Moen and associate C.J. Riccardi have negotiated leases on behalf of five new clients.

VHT Inc., a full service provider of Visual Marketing Services designed for the Real Estate Industry, has leased 8,807 square feet of office space at 6400 Shafer Court in Rosemont.  The firm, represented by both Berger and Ricardi, is relocating from 9500 Bryn Mawr Avenue.  Zachary Fox, an associate with Transwestern, represented the landlord, Crossroads Development.

Bloomington-based Mortgage Services III, LLC (MSI), a subsidiary of First State Bank Member FDIC, downsized their Oakbrook location at 17W662 Butterfield Road.  Both Berger and Moen represented the firm in a new 5,947 square foot lease in the building.

Additionally, the suburban tenant representation team has completed leases on behalf of:

  • Radware Inc. – in a new lease at 377 E Butterfield Rd in Lombard. Represented by both Berger and Millner.
  • Innovative Hearing Solutions (SONUS) – in a new lease at 7001 Cermak Rd in Berwyn. Represented by Millner.
  • Banner Personnel Services, Inc. – in a renewal and expansion at 1717 N Naper Blvd. in Naperville. Represented by both Millner and Moen.
  • Homer Chastain & Associates – in a new lease at 120 Center Court in Schaumburg . Represented by Berger.

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.

 

 

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/

 

 

Bradford Allen Arranges Five Medical Office Leases in Bolingbrook

CHICAGO –  Bradford Allen Realty Services announced today that Adventist Health Partners has leased 10,000 square feet of medical office space at the Bolingbrook Medical Center at 396 Remington in Bolingbrook.

Bradford Allen’s Medical Practice Group Senior Managing Director Joel Berger and Director John Millner represented the building ownership, Partners Health Trust, in lease negotiations.

Since January, the physician group has signed five leases at the Class A medical office building. Built in 2008, the 73,544-square-foot building sits on the Adventist Bolingbrook Hospital campus and provides doctors and patients immediate access to hospital’s full range of health care services.

Adventist Health Partners five leases are made up of:

  • Midwest Bone and Joint – 3,530 square foot renewal and expansion
  • Two (2) physician timeshares – 3,000 square foot new lease
  • Physical Therapists Solutions – 2,141 square foot new lease and expansion
  • Advanced Renal Care – 1,300 square foot new lease

 

“As a result of the changing landscape in healthcare, many of the physician practice groups that were once independent are now employed by Adventist Health Partners.” said Millner. “As Adventist Bolingbrook Hospital becomes more active, we are seeing their physician group bringing more specialists to the on-campus facility, driving more traffic through the hospital.”

 

Millner also noted that the timeshare suites have been extremely important for Adventist, allowing doctors to utilize the hospital without the commitment of a full-time office.

 

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.

 

 

Kirstin Rogers Joins Bradford Allen

Tenant representation practice continues to grow

CHICAGO –  Bradford Allen Realty Services is pleased to announce that the firm has hired Kirstin Rogers as a Director in its Chicago tenant representation practice.

Bringing a decade of experience in the commercial real estate industry, Rogers will work alongside Managing Director, Sameena Mustafa Basit, focusing on the River North and Loop submarkets. In addition to tenant representation, she will work with the firm’s Corporate Services team on business development strategy projects for tenants, owners and investors.

“We are delighted that Kirstin has joined our team,” said Principal and Co-Founder, Laurence Elbaum. “She has a unique understanding of client needs given her extensive background in corporate client strategic acquisition and retention.”

Rogers most recently worked as a Senior Proposal Manager and Business Development Manager for Jones Lang LaSalle. At Jones Lang LaSalle, Rogers handled strategy management and proposal execution for global clients such as ACS, AT&T, Cisco, Deutsche Bank, Iron Mountain, Lenovo, Microsoft and Philips. Her particular expertise focused on tenant representation and lease administration for regional, national and global occupiers. Prior to joining Jones Lang LaSalle, she was the National Marketing Manager and Proposal Manager for Equis Corporation (now DTZ).

Rogers received her Bachelor of Arts in English from Denison University in Granville, Ohio and her Masters of Arts in English from the University of Missouri-Columbia.

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.

 

Bradford Allen Represents Perkins Eastman in Lease Renewal

CHICAGO –   Bradford Allen Realty Services represented Perkins Eastman in a 9,000 square foot lease renewal at 351 West Hubbard in Chicago. The internationally recognized design and architectural firm, has been a tenant in the River North eight-story loft office building since 2005.

Perkins Eastman will continue to occupy a portion of space on the seventh floor. Bradford Allen Senior Managing Director, Craig Nadborne, represented the firm in the renewal, as well as their original transaction. The architectural firm has been a long-term client of Nadborne’s.

“The building continues to fit Perkins Eastman’s operations very well,” said Nadborne. He added that the loft office environment, proximity to the Merchandise Mart, the East Bank Club and public transportation continues to make the building’s location desirable.

The landlord, Spectrum Properties, was represented in the transaction by Senior Vice President, Bob Woods.

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.

 

 

Bradford Allen Brokers Nonprofit in Relocation, Expansion

CHICAGO –   Thresholds, a social service agency providing healthcare, housing, and hope for individuals struggling with mental illnesses, has inked a 8,800 square foot lease at 120 South LaSalle. The Chicago-based nonprofit will continue to operate at 4101 N. Ravenswood Ave and its locations across the city, and will use the new Central Loop location for their executive, finance, and development offices.

Bradford Allen Senior Managing Director Craig Nadborne and Managing Director Sameena Mustafa Basit represented Thresholds in the transaction. Kim Robare of Lincoln Property Group represented the landlord, Teachers Retirement System of Illinois.

“This transaction enabled Thresholds to move into a central location that will accommodate their near and long-term growth,” shared Basit. “120 South LaSalle was able to offer highly adaptable existing conditions and favorable lease terms.”

“We’ve noticed a trend among our nonprofit clients wanting to relocate their executive staff to downtown office buildings,” Nadborne added. “In addition to centralizing business operations, a CBD location offers greater visibility and easier access to donors and board members.”

“Thresholds is thrilled to move some of our team to a downtown location,” says Mark Ishaug, Thresholds CEO. “We look forward to being closer to many of our partners, donors, and board members, as well as providing better access for all of our program staff located throughout the City of Chicago, Blue Island, Kankakee, and McHenry County. Bradford Allen understands the needs of large nonprofit agencies, and it was a pleasure to work with them.”

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.

 

Bradford Allen Increases Occupancy at 79 W. Monroe and 209 W. Jackson

CHICAGO –  Bradford Allen Realty Services is pleased to announce that Managing Director Andrew DeMoss has completed 23 lease transactions on behalf of Detroit based, Farbman Group over the past twelve months at 79 West Monroe and 209 West Jackson. Bradford Allen has brought the two buildings’ occupancies to 98% and 84%, respectively.

“Ownership’s ability to do quick, hassle free deals at a competitive price point has triggered our success at both buildings,” said DeMoss. “This same model helped us raise occupancy to 98% at 216 West Jackson, a former Farbman property, before it sold earlier last year.”

Most recently, digital marketing agency, Brickfish signed a 12,770 square foot lease to occupy the entire third floor at 209 West Jackson. Danny Nikitas, Konstantine Sepsis, and Doug Noble of MB Real Estate represented Brickfish in the transaction. 209 West Jackson is a 12-story, 143,000 square foot, brick clad masonry building distinguished by its granite-faced bronze-highlighted columns and multi-colored terrazzo lobby.

79 West Monroe, a 200,000 square foot, 13 story structure located at Monroe and Clark Streets, recognized for its exterior aesthetics and landmark weather bell, added 14 tenants to their roster in 2013. Earlier this week, Total Support Solutions signed a 12,300 square foot lease to occupy the entire fifth floor. The tenant was represented by Shawn Sullivan of Macklin Advisors.

“Andy’s comprehensive leasing and marketing efforts and direct outreach to the brokerage community has helped to significantly increase these building’s occupancies,” added Jeffrey Bernstein, principal and co-founder of Bradford Allen who leads the firm’s growing agency practice.

Bradford Allen was appointed leasing agent of 209 West Jackson in 2012 and 79 West Monroe in 2011.  DeMoss exclusively represents building ownership along with Bradford Allen Associate, Grace Casella.

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.

 

Bradford Allen Adds Three New Associates to Company Roster

Tenant representation practice continues to grow

CHICAGO –  Bradford Allen is pleased to announce that the firm has hired three new associates to join their tenant representation practice. The new team members will concentrate on business development, strategic planning and transaction management.  Max Malec, Cathriona McGuire and Reisha Vanterpool will specialize on the downtown Chicago office market.

Malec was most recently an account executive with O2Cool, a consumer and home goods firm in Chicago. He is a graduate of the University of Iowa and is a member of Young Office Brokers Association (YOBA) and Young Real Estate Professionals (YREP).

McGuire is a former lease administrator for LaSalle Solutions. She received both her Bachelor’s and Master’s degree from the University of Iowa. She is an active volunteer with the Special Olympics and serves as an auxiliary board member for SuperSibs.

Vanterpool joins Bradford Allen from Best Chicago Properties, where she served as a real estate consultant and broker. She was also previously employed as a sales associate for the Wit Hotel. She volunteers at the Lurie Children’s Hospital and for the nonprofit organization, Children with Hair Loss (CWHL). She is a graduate of the Illinois Institute of Art in Chicago.

“We are excited to add these three motivated professionals to our downtown team,” said Elbaum. “They are indicative of our continued growth throughout the Chicago marketplace.”

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.

 

Bradford Allen Takes on New River North Management Assignment

CHICAGO –  Bradford Allen Realty Services is pleased to announce that the firm has been hired to manage 405 West Superior St. on behalf of new ownership,  MicroOffice Management, LLC.   MicroOffice closed on the River North property November 26, 2013.

The seven-story, 50,400 square foot office building is currently 100% leased.  MicroOffice will initially convert two of the seven floors into co-working space, converting new floors as current tenant’s leases expire.  The New York-based firm will launch its Coalition brand in the space to provide co-working facilities catering to startups that need larger work space and amenities without the long-term commitment of a traditional office lease.

 “At Coalition, entrepreneurs will have a professional place to work and meet clients, and a community in which to collaborate with other creative people,” says David Rotbard, co-founder of MicroOffice.

The Bradford Allen Management team will be lead by Roger Clark. Clark brings more than 25 years of property and asset management experience to the table. Since Clark joined Bradford Allen earlier this year, 405 West Superior is the sixth building to be assigned to the firm.

“The 405 West Superior assignment is a terrific addition to our growing management portfolio,” said Clark. “We look forward to bringing the property to its full potential, and growing our relationship with MicroOffice.”

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.

 

Bradford Allen Tapped to Lease East West Corridor Office Buildings

CHICAGO –  Bradford Allen is pleased to announce the firm has been hired as the exclusive leasing agent for two new suburban properties, 360 E 22nd Street in Lombard, IL and 400 E. Diehl Rd in Naperville, IL. A team led by Directors John Millner and Allison Reynolds will handle both assignments. The duo will be responsible for providing the full range of marketing and leasing services.

Located near the intersection of Highland Avenue and East 22nd Street, 360 E 22nd Street is an 111,000 SF state-of-the-art data center and disaster recovery facility. The “low latent” property recently underwent a multi-million dollar renovation, and offers two 1200 AMP feeds from two separate electrical grids and has multiple fiber providers in the building. The building has approximately 20,000 square feet of office/data center space available, comprising the entire third floor. The property is owned by the Levy Organization.

 400 E. Diehl Rd, known as Naperville Financial Center, is a 58,000 SF Class A building located just south of I-88 near I-355 & downtown Naperville. The property was purchased by Madison-based, Sara Investments Real Estate earlier this year. The ownership entity owns and operates over 40 properties throughout Wisconsin and Minnesota. 400 E. Diehl Rd. is their first investment in Illinois. Currently 100% leased, the property will have 6,000 SF available in January 2014.

“We are delighted to expand our agency leasing portfolio with the addition of 360 E 22nd Street and 400 E. Diehl Rd,” said Bradford Allen, Principal and Co-Founder, Jeffrey Bernstein. “Our suburban agency practice continues to grow and our team delivers aggressive and insightful property marketing efforts that produce significant results for our suburban owner and investor clients.”

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.

 

Laurence Elbaum Re-Elected TCN Worldwide Chairman of the Board of Directors

CHICAGO –  H. Ross Ford, president and CEO of TCN Worldwide, is pleased to announce Laurence Elbaum, principal and co-founder of Bradford Allen Realty Services/TCN Worldwide of Chicago, has been re-elected chairman for the 2013-2014 TCN Worldwide Board of Directors. Originally elected to the board of directors in 2006, Mr. Elbaum has served as the board’s chairman for the past three years.

“We are very pleased to announce that Larry Elbaum will continue to serve as the chairman of TCN Worldwide’s board of directors,” said Ross Ford, president and CEO of TCN Worldwide. “Mr. Elbaum is one of our industry’s most accomplished professionals and we are fortunate to have someone of his caliber help lead TCN Worldwide in accomplishing our strategic goals. We look forward to his continued contribution.”

 Elbaum, a veteran broker from both New York City and Chicago’s commercial office leasing market, co-founded Bradford Allen Realty Services with Jeffrey Bernstein in October 2003. Their Chicago-based national commercial real estate firm provides its clients with a fresh perspective, significant local industry relationships and extensive market knowledge. Through its affiliation with TCN Worldwide, Bradford Allen additionally offers expanded services on the local, national, and international levels.

The 2013-2014 TCN Worldwide Board of Directors include:

  • Larry Elbaum, Co-founder and Principal of Bradford Allen Realty Services/TCN Worldwide in Chicago, IL. Mr. Elbaum will serve as the Chairman of the Board
  • David S. Greene, Principal / President, Brokerage Services at New York City-based MHP/TCN Worldwide. Mr. Greene will serve as Vice Chairman
  • Kenneth Ulsaker, Vice President of Long & Foster Commercial/TCN Worldwide of Washington DC. Mr. Ulsaker will serve as Treasurer
  • Barry Beitler, President of Beitler Commercial Realty Services/TCN Worldwide in Los Angeles. Mr. Beitler will serve as Secretary
  • William P. Nice, Jr., Principal at Hanna Chartwell/TCN Worldwide, northeastern Ohio’s largest locally owned commercial real estate firm.
  • Tom Sutherland, Principal at CASE Commercial/TCN Worldwide in Dallas, TX.
  • H. Ross Ford, President & CEO of TCN Worldwide in Richardson, TX. Mr. Ford is responsible for the strategic direction of the organization and the implementation of all expansion and networking initiatives.

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.

 

Bradford Allen Promotes Justin Kessler to Director

CHICAGO –   Jeffrey Bernstein and Laurence Elbaum, principals and co-founders of Bradford Allen have announced that Justin Kessler was promoted to director of the Chicago-based commercial real estate company in October 2013. Kessler joined Bradford Allen n in 2011 as an associate and is based in Bradford Allen’s downtown office.

“Justin’s rapid growth as a real estate professional has been quite impressive. We look forward to his continued success in his career and as a valued member of our firm,” said Elbaum.

Kessler focuses on downtown based Chicago companies and represents a broad spectrum of firms.  Since joining the firm, he has worked with many well-known corporations including ePrize, Bright Pink and DLS Software Solutions.

Kessler received a Bachelor of Business Administration – Finance from the University of Missouri, St. Louis.  Prior to joining Bradford Allen, he worked as a Managing Director for ONCOR International.

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.

 

Bradford Allen Brings Lombard Office Property to 100% Occupancy

Bradford Allen Brings Lombard Office Property to 100% Occupancy
Jones Lang LaSalle signs new lease at 350 E 22nd Street
 

 

CHICAGO –   Bradford Allen Realty Services represented Iron Horse Properties in a 7,800 SF new long term lease for Jones Lang LaSalle at 350 E 22nd Street in Lombard.  This recent transaction brings the 40,800 SF office building to full occupancy.
Bradford Allen Directors John Millner and Ryan Moen represented the building ownership, Iron Horse Properties, in the transaction.   Jones Lang LaSalle was represented by Vice President Ben Erskine.   The global real estate firm will be relocating their IT department from their current offices at 1111 Pasquinelli Drive in Westmont.   The single story office building offered them excellent visibility, a high parking ratio, and a convenient location for their employees.
“Ownership recognized the value of a credit tenant like Jones Lang LaSalle and worked hard to secure them,” said Millner.  “Jones Lang LaSalle is an excellent fit and addition to the tenant roster.”
“Ryan and John’s marketing efforts and direct outreach to the brokerage community helped to successfully lease up the property,” added Laurence Elbaum, principal and co-founder of Bradford Allen.

 

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.

 

Bradford Allen Represents Eagle Seven Trading in Office Expansion and Relocation

Trading Firm More than Doubles Size of Chicago Office
 

 

CHICAGO –  Eagle Seven Trading, a Chicago-based algorithmic trading firm, has signed a 16,500 square foot lease for the entire 14th floor at 550 West Jackson, more than doubling the size of its current Chicago headquarters. The firm will be moving from the Chicago Board of Trade building at 141 West Jackson, a space they have occupied since 2007.

 

“This transaction enables Eagle Seven to move into high-end, move-in ready space that can accommodate the firm’s near and long-term growth,” shared Ben Azulay, senior managing director of Bradford Allen, who represented Eagle Seven in the transaction.  “They were able to capitalize on the building’s existing technical infrastructure.”

 

“After analyzing the market for several months, ultimately it was all about the space,” added Stuart Shalowitz, principal, of Eagle Seven Trading.  “550 West Jackson has the infrastructure in place, offers the physical room to grow, and better reflects our image to the marketplace.”

 

In addition to Azulay, Bradford Allen, Principal Laurence Elbaum represented Eagle Seven in the transaction.  Jack O’Brien of Telos Group represented the landlord, West Loop Associates, LLC.

 

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.

 

TCN Worldwide Recognized Among Top 10 Most Powerful Brokerage Firms by Commercial Real Estate Magazine

DALLAS, TX (Aug. 14, 2013) — H. Ross Ford, president and CEO of TCN Worldwide, announced the organization was recognized as one of the industry’s most powerful brokerages; ranking 7th in Commercial Property Executive’s (CPE) most recent 2013 Top Brokerages – Most Powerful Brokerage Firm feature.

 

“The CPE Index to the Most Powerful Brokerage Firms is evaluated statistically based on information from a number of surveys conducted over the past few years. For this index, we examined how the firms have performed over a period of several years, what their results have been for investment sales as well as leasing, and what sectors they covered, including retail, office, multi-family, industrial, mixed-use, healthcare and hospitality,” noted Commercial Property Executive’s July issue.

 

“As an industry leader, CPE’s ranking reaffirms TCN Worldwide’s position as one of the top and most powerful brokerages in the commercial real estate industry,” stated Ross Ford. “Representing more than 200 markets collectively worldwide, our member firms are leaders within their respective marketplaces and serve as the foundation for our organization’s success.”

 

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 TCN Worldwide
TCN Worldwide, a consortium of independent commercial real estate firms, provides complete integrated real estate solutions locally and internationally. With approximately $31.9 billion in annual transactions and over 80 million square feet of space under management, the organization ranks as one of the largest service providers in the industry. An extensive range of real estate services coupled with a personal commitment to exceed client expectations is what allows TCN Worldwide to be a leader within the commercial real estate industry. Formed in 1989, TCN Worldwide is comprised of over 800 commercial real estate professionals serving more than 200 primary and secondary markets worldwide.is a private real estate investment trust (REIT) targeting the distressed residential multi=family real estate market.    For more information, visit TCN online at www.tcnworldwide.com.

 

Bradford Allen Completes Full Floor Lease at 79 West Monroe

CHICAGO – Bradford Allen Realty Services is pleased to announce the firm has recently completed a 15,510 square foot lease for Pangea Properties at 79 West Monroe in Chicago.

Andrew DeMoss, managing director at Bradford Allen, and leasing agent for the historic Bell Federal Building, represented the building’s ownership, Bell Acquisiton LLC and its property manager, Farbman Group.  After analyzing multiple options in the market, Pangea Properties, a Chicago-based real estate investment trust (REIT), chose 79 W. Monroe for its well-surrounded location and the plug and play availability on the third floor.

“The firm was drawn to the Central Loop location, competitive pricing, hands-on management and recent lobby renovations,” says DeMoss, who was able to provide Pangea with a smooth and fast relocation for their expansion.

Pangea Properties CEO Al Goldstein adds that it was time to expand with a second corporate office.  “We have grown from 25 employees in 2010 to over 300 employees currently,” says Goldstein.  “We’re excited to bring part of our growing company to the heart of the city.  Our new space not only offers fresh energy, it provides us with the opportunity for continued expansion.” Pangea also has five local satellite Chicago offices in and around its properties, eight such offices in Indianapolis and one in Baltimore.  

79 West Monroe, located at Monroe and Clark Streets in the Central Loop, is often recognized for its exterior aesthetics and landmark weather bell, which changes color in accordance with temperature.  Built in 1906, the 200,000 square foot, 13-story structure has considerable street presence and visibility.  One fully furnished full floor space remains available.

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 Pangea Properties
Pangea Properties is a private real estate investment trust (REIT) targeting the distressed residential multi=family real estate market.  Pangea was founded in 2008 where entrepreneurs saw an opportunity in the Chicago market to create a real estate firm that serves as both the property owner and the building manager, utilizing a call center to support the high bar for service and scalability.  Today, Pangea has over $250 million into 8,000+ apartment units throughout Chicago, Indianapolis and Baltimore, with the goal of continued expansion.  For more information, visit Pangea online at www.pangeare.com.

 

 

Bradford Allen Completes Relocation for Growing Firm at Civic Opera

CHICAGO – Bradford Allen Realty Services is pleased to announce that Managing Director Sameena Mustafa Basit has completed a new lease on behalf of Urban R2 Development Company (UR2) at 20 N. Wacker Drive in Chicago.

UR2 is a successful Chicago-based real estate development company which spearheaded a development  to construct a 223-unit apartment building at Washington and Des Plaines in the City’s West Loop. 

“Sameena completed a thorough analysis of our space options and guided us as our needs evolved,” said Gary Rosenberg of UR2. 

Bradford Allen’s Basit negotiated a lease relocation on behalf of UR2 which almost doubled the amount of its previous office space in River North. The new 41st floor offices feature impressive views and provide UR2 with adjacent space to meet the firm’s future requirements.

“UR2 is a dynamic and growing organization.  The new ownership of the Civic Opera building has invested significant capital to rejuvenate this landmark asset and create the atmosphere and amenities to accommodate the firm,” said Basit.

Matt Lerner with J.F. McKinney and Associates represented ownership in the lease transaction.

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.

 

Bradford Allen Releases 2013 Mid-Year Market Report

CHICAGO – Bradford Allen Realty Services, a Chicago-based commercial real estate firm, today announced that they have released their Mid-Year Suburban Market Research Report.   

“Our Mid-Year Suburban Market Research Report portrays a more accurate reflection of current market conditions,” said Senior Managing Partner Joel Berger.  “We take into account a multitude of factors that are related to market strength — not just the amount of physically vacant space.”   

According to Bradford Allen, a good portion of the space that sits physically vacant today is “The Last Mile” of space—perhaps 5-10% of any given property—where landlords have a diminished desire to be aggressive to get the last deals done.  As a result, this skews the overall statistics.  

Unlike the market reports from many other national real estate firms, the Bradford Allen methodology eliminates geographical outlier properties that can skew the accuracy of reported numbers.  In addition, the bi-annual report offers details for five “micro-markets” within the four major submarkets, and provides greater insight into the current status and emerging trends in the suburban Chicago office market.

“The purpose of any market report is to portray a ‘market snapshot’ to people not directly involved in the day-to-day commercial real estate industry.  Our enhanced format does that much more accurately than other reports that are out there,” added Berger.

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.

 

 

Bradford Allen Adds Four New Properties to Leasing Portfolio

 

CHICAGO – Bradford Allen is pleased to announce the firm has been hired as the exclusive leasing agent forfour new suburban properties,adding to their growing Chicagoland agency practice.

  • 220 Remington Boulevard, Bolingbrook, Illinois
  • 720 Enterprise, Oak Brook, Illinois
  • Woodgrove Professional Center , 7425 Janes Ave, Woodridge, Illinois
  • Stratford Medical Center, 231 S Gary, Bloomingdale, Illinois
A Private Investor recently acquired 220 Remington Blvd andhas selected Bradford Allen as its leasing agent.A rare find in suburban buildings, 220 Remington offers 80,000 square feet of contiguous space, signage visible from I-55, a parking ratio of eight spaces per 1,000 square feet,and a footprint of 125 square feet per person. The propertyis a unique offering in a changing suburban market where more corporations are reducing their footprint per person with fewer options to support the higher parking ratios. In addition to leasing the building, Bradford Allen has also been appointed as the exclusive property manager.
In a market dominated by larger office complexes, the firm has also been hired to sell orlease 720 EnterpriseDrive in Oak Brook;a rare opportunity for a Buyer/Tenant to be the sole occupant of a 12,000 square foot building.  The single-story office building was gut rehabbed in2008,and is located near the interchange of I-88 and 22nd Street in Oak Brook.  This building also has signage opportunities visible from I-88. Bradford Allen’s Senior Managing Director, Joel Berger, and Director, Ryan Moen,will be leasing both properties.
Woodgrove Professional Center and the Stratford Medical Center areprofessional medical office buildings.  Both properties offer move-in ready medical office suites, generous work allowances and strong referral streams from nearby medical practices.  The buildings will be marketed for lease by Bradford Allen Director, John Millner.
“We are excited to add these well-positioned properties to our suburban agency portfolio,” said Bradford Allen, Principal and Co-Founder, Jeffrey Bernstein. “Our team continues to deliver aggressive property marketing efforts that produce significant results for our suburban owner and investor clients.”

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.

 

Bradford Allen Expands Services to Include Management Services and Hires Industry Veteran Roger Clark to Lead Group

CHICAGO –  Bradford Allen is pleased to announce the expansion of its service platform with the formation of Bradford Allen Management Services.  The firm now offers a comprehensive array of management services to owners of and investors in commercial real estate throughout Chicagoland. This new practice group will be led by industry veteran, Roger Clark.

Clark brings more than 25 years of property and asset management experience to the table.  In his new role as President of Management Services, he’ll be responsible for identifying, developing, directing, and operating all management assignments for the firm.  Bradford Allen Management Services will provide capabilities that range from facility and property management – including accounting, financial services and project/construction management.   Clark has assembled a management team including administration, property accountants and field managers.
“We are proud and very excited to welcome Roger to Bradford Allen,” said Principal and Co-Founder, Jeffrey Bernstein.   “Roger’s extensive property management knowledge and relationships, along with his high level of integrity and professionalism, will greatly benefit our firm as we grow this new division.”
Clark has managed over twenty million square feet of office and industrial space throughout the Chicago, Detroit, Minneapolis, Indianapolis, St. Louis and Des Moines markets. Prior to joining Bradford Allen, he worked with noted companies such as Insignia, CAPSTAR Commercial Real Estate Services, Hines and most recently Winthrop Management.
Throughout his tenure, Clark has represented institutional clients such as Area Property Partners VE Funds, Metzler Realty Advisors, Inc, UBS, Fosterlane Management Company, Walton Street Capital, LLC, Principal Financial Group, TIA – CREF, and Cohen Financial.
“Given their recent growth, and their dedication to providing outstanding client services, it’s an exciting time to be joining Bradford Allen,” said Clark.  “I look forward to building this new division, and enhancing our service platform for our existing and new clients.”
Clark earned his bachelor’s degree from Michigan State University, and is a licensed real estate broker in Illinois.
About Bradford Allen

Bradford Allen Realty Services, a Chicago-based, national commercial real estate company that 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

 

 

Bradford Allen Announces New Methodology for Suburban Chicago Office Market Report

CHICAGO –  Bradford Allen Realty Services, a Chicago-based commercial real estate firm, today announced expanded and improved market research capabilities for the suburban Chicago office market. Beginning with the fourth quarter 2012, the enhanced market reports will provide greater insight into the current status and emerging trends in the suburban Chicago office market.

“Our primary goal was to eliminate geographical outlier properties that can skew the accuracy of reported numbers,” says Joel Berger, senior managing director with Bradford Allen. “As Chicagoland expanded outward over the last two decades, each of the suburban submarkets began to include more remote areas that are not necessarily relevant or meaningful.  The market reports for many other national real estate firms include these areas as part of their search parameters, and therefore those statistics can be misleading.”
Berger went on to explain that by creating a formula to eliminate the properties that skew the accuracy and merit of the statistics, the Bradford Allen report will offer more meaningful information that clients can use to make sound real estate decisions.
In addition to refining the database and adjusting for the most relevant properties, a new segment of these new reports offer details for five new “micro-markets” within the four major submarkets. When clients now review each of the major suburban submarkets, they can see detailed information on a much more granular and actionable level.
Ultimately, the goal is to ensure that both our tenant and landlord clients were being presented with the best possible information on the suburban office markets.

About Bradford Allen

Bradford Allen Realty Services, a Chicago-based, national commercial real estate company that 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

 

 

Bradford Allen Brings Aurora Office Building to Full Occupancy

CHICAGO –  Bradford Allen Realty Services represented UBS Realty Investors, LLC in a 22,000 SF new lease for Styrolution America, at 4245 Meridian Parkway in Aurora.  The 140,300 square foot office property is now 100 percent leased.

Cody Sundberg, a director at Bradford Allen, represented the building owner, UBS Realty Investors. Styrolution America, a global styrenics company, was represented by Aubrey Van Reken and Jim Adler of NAI Hiffman.   Styrolution is relocating their regional headquarters from Channahan, Illinois.  

“The building presented a unique leasing opportunity as this portion of the East/West corridor is more commonly known for large, single tenant office users and industrial space,” said Sundberg. “However, given its proximity to I-55, the location was perfect for Styrolution which employs a worker base largely from south of Aurora.”

“Cody’s comprehensive leasing and marketing efforts and direct outreach to the brokerage community helped to successfully lease up the property,” added Jeffrey Bernstein, principal and co-founder of Bradford Allen who leads the firm’s growing agency practice.

About Bradford Allen 
Bradford Allen Realty Services, a Chicago-based, national commercial real estate company that 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

 

 

ePrize, Inc to Relocate and Expand to 415 N Dearborn

CHICAGO – Bradford Allen Realty Services represented ePrize, Inc. in a 9,420 square foot new lease at 415 N Dearborn in Chicago.  The tenant will occupy the entire fourth floor and a portion of the fifth floor of the brick-and-timber loft office building this December.

ePrize,  a Detroit-based digital engagement agency specializing in interactive mobile, social media, and web campaigns, was represented by Bradford Allen Senior Managing Director, Ben Azulay and Associate Justin Kessler.  

The firm’s recent acquisition of the mobile solutions firm, Cellit, prompted the need for the relocation and expansion, which merged the two firm’s offices together.  According to Azulay, the new location provides ePrize with building signage.  In addition, the open loft-office configuration will help to facilitate the integration of the two firms, and accommodate furture growth.

Joseph Storiz and Joshua Kellerman of Marc Realty represented the building ownership, Wells Street Companies.

About Bradford Allen Capital
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 ePrize, Inc. 
ePrize, Inc. is a digital engagement agency specializing in mobile, social media, and web campaigns. Last year, more than half of Fortune 100 companies and many world-class agencies relied on ePrize’s creative, technology and legal services. Since 1999, ePrize has grown into the largest online promotions platform, providing incentive-based promotional and loyalty programs in 44 countries for clients like Coca-Cola, Microsoft, The Gap, HSN, Miller/Coors, Yahoo!, P&G and AT&T. Headquartered in Detroit, ePrize also has offices in New York, Chicago, Los Angeles and Seattle. www.eprize.com.

 

Bradford Allen Capital Closes $24 Million Loan for Naperville Corporate Center

CHICAGO – Bradford Allen is pleased to announce that the firm recently closed a $24 million loan for the Naperville Corporate Center in Naperville, Illinois. Bradford Allen’s Capital Group, senior vice president, Anthony Giannini, arranged the first mortgage refinancing for the four building, 420,391 square foot office complex.

Giannini placed this loan on behalf of EquiTrust Life Insurance Company.  The borrower is a joint venture between Pearlmark Real Estate Partners, LLC, a principal investment firm specializing in commercial real estate, and TriGate Capital, LLC, a market leading real estate private equity firm.

“Bradford Allen Capital was instrumental maintaining communication and assistance throughout the application, due diligence, and closing process,” commented the borrower, Keith Schneider, a Vice President with TriGate Capital, LLC. “Their long-standing relationship with the lender and active involvement in the process helped make this transaction happen.”

“This is a well-located asset with a full complement of amenities and a strong tenant roster,” Giannini added. “Both Pearlmark Real Estate Partners and TriGate Capital were great to work with and contributed to the speed and success of this refinance.”

The Naperville Corporate Center was constructed from 1982 through 1992 and is situated just west of Naperville Road with immediate access to Interstate 88. Large tenants include Infogix, The Trizetto Group and The Receivables Management Services.

About Bradford Allen Capital
Bradford Allen Realty Services Bradford Allen Capital originates first mortgage, non-recourse life insurance company and CMBS loans for commercial income producing properties nationwide.  The firm arranges debt for acquisition, refinancing and borrower restructures in amounts ranging from $10 million to $100 million. Bradford Allen Capital is part of Bradford Allen Realty Services, a Chicago-based, national commercial real estate company that 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  Pearlmark Real Estate Partners, L.L.C 
Pearlmark Real Estate Partners, L.L.C. (“Pearlmark”) is a principal investment firm specializing in commercial real estate. Since its inception as Transwestern Investment Company in 1996, Pearlmark has acquired interests in nearly 500 office, retail, industrial and multifamily properties, representing a gross investment of over $11.8 billion.

About TriGate Capital, LLC
TriGate Capital, LLC (TriGate) is a market leading real estate private equity firm focused on acquiring real estate secured debt, providing capital for asset and company recapitalizations, and acquiring real estate assets where the potential to add value exists.

 

Bradford Allen Hires Six New Associates as Company’s Growth Continues

CHICAGO – Jeffrey Bernstein and Laurence Elbaum, principals and co-founders of Bradford Allen are pleased to announce that the firm has hired six new associates to join the Chicago-based firm. As associates the new team members will concentrate on business development, strategic planning and transaction management.

Associates Erik Schmitt, Narmar Doyle and Pablo Bonnin will be working with the firm’s Senior Managing Director Ben Azulay specializing in tenant representation in the downtown Chicago office market. Doyle will also be working with the firm’s Managing Director Andrew DeMoss as a landlord representative for 209 W. Jackson, 216 W. Jackson and 79 W. Monroe. New associates Cory Schraier, Michael Mazza and CJ Ricciardi will be working closely with Bradford Allen’s Senior Managing Director Joel Berger who oversees the firm’s suburban Chicago office in Oak Brook.

“This young and energetic group of professionals truly complements the level of service that Bradford Allen provides its clients and lays the groundwork for the future of the firm,” said Elbaum. “They are representative of our continued growth throughout the Chicago marketplace.”

The new associates join the firm from:

  • Erik Schmitt – GreenPoint Partners
  • Narmar Doyle – Cassidy Turley in Cincinnati
  • Pablo Bonnin  – MBA/Masters of Architecture at UIC
  • Cory Schraier –  Internship with Newmark Knight Frank/Epic Realty
  • Michael Mazza – Twin Properties Management Group
  • CJ Ricciardi – Vector Marketing

About Bradford Allen 
Bradford Allen Realty Services, a Chicago-based commercial real estate firm, makes a full range of services and expertise available to entrepreneurial and corporate business entities, and not-for-profit organizations. The firm provides real estate strategy, advice, marketing, and transaction execution for occupiers, investors and owners of real estate. Please visit our website at www.bradfordallen.com.

 

ePrize to Relocate and Expand Chicago Office to 415 N Dearborn

CHICAGO – Bradford Allen Realty Services represented ePrize, Inc. in a 9,420 square foot new lease at 415 N Dearborn in Chicago.  The tenant will occupy the entire fourth floor and a portion of the fifth floor of the brick-and-timber loft office building this December.

ePrize,  a Detroit-based digital engagement agency specializing in interactive mobile, social media, and web campaigns, was represented by Bradford Allen Senior Managing Director, Ben Azulay and Associate Justin Kessler.  

The firm’s recent acquisition of the mobile solutions firm, Cellit, prompted the need for the relocation and expansion, which merged the two firm’s offices together.  According to Azulay, the new location provides ePrize with building signage.  In addition, the open loft-office configuration will help to facilitate the integration of the two firms, and accommodate future Chicago growth.  

Joseph Storiz and Joshua Kellerman of Marc Realty represented the building ownership, Wells Street Companies.

About Bradford Allen 
Bradford Allen Realty Services, a Chicago-based, national commercial real estate company that 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

 

Laurence Elbaum Re-elected Chairman of TCN Worldwide Board of Directors

CHICAGO – H. Ross Ford, president and CEO of TCN Worldwide, is pleased to announce Laurence Elbaum, principal and co-founder of Bradford Allen Realty Services/TCN Worldwide of Chicago, has been re-elected chairman for the 2012-2013 TCN Worldwide Board of Directors. Originally elected to the board of directors in 2006, Mr. Elbaum has served as the board’s chairman for the last two years.

“We are very pleased to announce that Larry Elbaum will continue to serve as the chairman of TCN Worldwide’s board of directors,” said Ross Ford, president and CEO of TCN Worldwide. “Larry’s impressive background, stellar reputation within the industry and continued commitment to our organization has set him apart as one of the organization’s most impressive leaders. We look forward to his continued contribution and are fortunate to have someone of his caliber help lead TCN Worldwide in accomplishing our strategic goals.”

Elbaum, a veteran broker from both New York City and Chicago’s commercial office leasing market, co-founded Bradford Allen Realty Services with Jeffrey Bernstein in October 2003. Their Chicago-based national commercial real estate firm provides its clients with a fresh perspective, significant local industry relationships and extensive market knowledge. Through its affiliation with TCN Worldwide, Bradford Allen additionally offers expanded services on the local, national, and international levels.

The 2012-2013 TCN Worldwide Board of Directors include:

  • Larry Elbaum, co-founder and principal of Bradford Allen Realty Services/TCN Worldwide in Chicago, IL. Mr. Elbaum will serve as the Chairman of the Board
  • David S. Greene, president of Brokerage Services with New York City-based Murray Hill Properties/TCN Worldwide. Mr. Greene will serve as Vice Chairman Kenneth Ulsaker, vice president of Long & Foster Commercial/TCN Worldwide of Washington DC. Mr. Ulsaker will serve as Treasurer
  • Barry Beitler, president of Beitler Commercial Realty Services/TCN Worldwide in Los Angeles. Mr. Beitler will serve as Secretary
  • William P. Nice, Jr., principal at Chartwell Group/TCN Worldwide, northeastern Ohio’s largest locally owned commercial real estate firm.
  • Tom Sutherland, principal at CASE Commercial/TCN Worldwide in Dallas, TX.
  • H. Ross Ford, president & CEO of TCN Worldwide in Plano, TX. Mr. Ford is responsible for the strategic direction of the organization and the implementation of all expansion and networking initiatives

About TCN Worldwide
TCN Worldwide, a consortium of independent commercial real estate firms, provides complete integrated real estate solutions locally and internationally.  With approximately $27.1 billion in annual transactions and over 80 million square feet of space under management, the organization ranks as one of the largest service providers in the industry.  An extensive range of real estate services coupled with a personal commitment to exceed client expectations is what allows TCN Worldwide to be a leader within the commercial real estate industry.  Formed in 1989, TCN Worldwide is comprised of over 800 commercial real estate professionals serving more than 200 primary and secondary markets worldwide.

About Bradford Allen 
Bradford Allen Realty Services, a Chicago-based commercial real estate firm, makes a full range of services and expertise available to entrepreneurial and corporate business entities, and not-for-profit organizations. The firm provides real estate strategy, advice, marketing, and transaction execution for occupiers, investors and owners of real estate. Please visit our website at www.bradfordallen.com.

 

Bradford Allen Completes Renewal for Neighborhood Housing Services of Chicago

CHICAGO – Bradford Allen Realty Services is pleased to announce that Managing Director Sameena Mustafa Basit and Senior Managing Director Craig Nadborne have completed a 15,656 square foot lease on behalf of Neighborhood Housing Services of Chicago (NHS) at 1279 N. Milwaukee Avenue in Chicago.

Established in 1975, NHS is the area’s largest nonprofit community development organization. The firm has operated its citywide office from the Milwaukee Avenue location since 2001. Basit and Nadborne represented NHS in lease negotiations which enabled the organization to reduce its occupancy costs while reorganizing its floor space for improved efficiencies.

“The new lease terms will save NHS over 20% in occupancy costs,” said Basit. “Furthermore, relocating within the building eliminates the need for transferring elevators as was required by the old space. NHS’ new offices will improve the organization’s operational flow with a smaller footprint.”

Bob Tucker, Corporate General Counsel for NHS said, “NHS chose to remain at the Wicker Park location to provide continuity for its staff, clients and partners as well as for its access to public transportation.  It’s a good building, and the new ownership has been responsive to our needs.”

Centrum Properties, Inc. represented the landlord, AGC West Town Center Owner LLC.

About Neighborhood Housing Services of Chicago
NHS is the city’s largest nonprofit community development organization committed to providing residents of Chicago and Elgin with affordable resources to buy, fix, and keep their homes. Since its creation, NHS has created more than 3,880 new homeowners. NHS also works to stimulate community reinvestment through a partnership of residents, businesses, and government, and has leveraged investment of more than $1.1 billion in Chicago’s neighborhoods. NHS is part of the NeighborWorks® America network, which includes 235 independent, community-based nonprofit organizations serving more than 4,500 communities nationwide.

About Bradford Allen 
Bradford Allen Realty Services, a Chicago-based commercial real estate firm, makes a full range of services and expertise available to entrepreneurial and corporate business entities, and not-for-profit organizations. The firm provides real estate strategy, advice, marketing, and transaction execution for occupiers, investors and owners of real estate. Please visit our website at www.bradfordallen.com.

 

Azulay and Berger Promoted to Strategic Management Roles at Bradford Allen

CHICAGO – Jeffrey Bernstein and Laurence Elbaum, principals and co-founders of Bradford Allen are pleased to announce the recent promotions of Ben Azulay and Joel Berger from directors to senior managing directors.

“Ben and Joel have been with the firm since its infancy and their leadership has been instrumental to our team’s reputation and success,” said Bernstein. “With the significant expansion of our office within the past several years, it was a logical choice to select Ben and Joel to share in the management responsibilities. We have no doubt that their leadership and strategic thinking will enhance the success of our brokerage team,” Elbaum added.

Azulay will now lead the downtown office’s brokerage team while Berger will manage the suburban brokers from the firm’s office in Oak Brook.  Both Azulay and Berger will be responsible for day-to-day management of their teams, mentoring, recruiting and training.

Azulay has 10 years of experience in commercial real estate and strategic planning. He joined Bradford Allen in 2004 and specializes in tenant and landlord representation for privately held organizations in Chicago’s Loop and North Suburban markets including Medspeed, BPG Properties, Foundation Content, Networked Insights and Public Allies. A graduate of the University of Wisconsin – Madison where he received his Bachelor of Arts Degree, Azulay is licensed real estate salesperson in Illinois, a member of the Chicago Office Leasing Brokers Association as well as a volunteer for the Jewish Community Center.

Joel Berger has more than 10 years of experience in commercial real estate and business-community relations. He joined Bradford Allen in 2004 and specializes in providing brokerage services for office tenants and landlords throughout the Chicago metropolitan area including MYR Group, Automated Engineering Services, Cinch Connectors and Heartland Healthcare/HCR Manorcare. Berger is a licensed real estate salesperson in the State of Illinois and an active supporter of the Make-A-Wish Foundation and the American Cancer Society. He holds a Bachelor of Business Administration degree from the University of Wisconsin – Madison.

About Bradford Allen

Bradford Allen Realty Services, a Chicago-based commercial real estate firm, makes a full range of services and expertise available to entrepreneurial and corporate business entities, and not-for-profit organizations. The firm provides real estate strategy, advice, marketing, and transaction execution for occupiers, investors and owners of real estate. Please visit our website at www.bradfordallen.com.

 

Bradford Allen Represents Ajinomoto Heartland Inc in Lease Renewal

CHICAGO –  Bradford Allen Realty Services represented Ajinomoto Heartland Inc. in a 7,560 square foot lease renewal at 8430 W. Bryn Mawr in Chicago, IL.  Ajinomoto Heartland, Inc. is one of five companies affiliated with the Ajinomoto Animal Nutrition group, a global leader in feed-grade amino acid manufacturing.  The animal nutritional firm was represented by Bradford Allen Senior Managing Director Craig Nadborne.    

According to Nadborne, who has represented Ajinomoto Heartland for more than 20 years, the firm chose to stay in their long-term location because of the flexibility of the ownership and the building’s close proximity to O’Hare International Airport. 

Greg O’Neal of Parkway Realty Services represented the ownership, FCA Fung Chicago II, LLC.

About Bradford Allen 
Bradford Allen Realty Services, a Chicago-based commercial real estate firm, makes a full range of services and expertise available to entrepreneurial and corporate business entities, and not-for-profit organizations. The firm provides real estate strategy, advice, marketing, and transaction execution for occupiers, investors and owners of real estate. Please visit our website at www.bradfordallen.com.

 

Bradford Allen Promotes Ryan Moen to Director

Chicago, IL — Jeffrey Bernstein and Laurence Elbaum, principals and co-founders of Bradford Allen have announced that Ryan Moen was promoted to director of the Chicago-based commercial real estate company in January 2012. Moen joined Bradford Allen in 2009 as an associate and is based in Bradford Allen’s West Suburban office.

“Aside from his tireless work ethic, one of Ryan’s greatest strengths is his ability to uncover critical and timely information and then analyze and use that information to structure creative transactions for his clients’ benefit,” said Elbaum.  “His rapid growth as a real estate professional has been quite impressive and we look forward to his continued success in his career and as a valued member of our firm.”

Moen focuses on suburban based Chicagoland companies and represents a broad spectrum of firms. He has worked with many well-known corporations including Lexis Nexis and Walgreens as well as several smaller organizations such as Sunny Ridge Family Center and Cinch Connectors. In his new role, Moen will be responsible for new business development, strategic planning and financial analyses for many of the firms’ clients.

Moen received a Bachelor of Science degree from the University of Illinois. Prior to joining Bradford Allen, he worked for Tri-land Properties, a nationwide real estate developer dedicated to redeveloping underutilized properties through public/private partnerships.

 

About Bradford Allen 
Bradford Allen Realty Services, a Chicago-based commercial real estate firm, makes a full range of services and expertise available to entrepreneurial and corporate business entities, and not-for-profit organizations. The firm provides real estate strategy, advice, marketing, and transaction execution for occupiers, investors and owners of real estate. Please visit our website at www.bradfordallen.com.

 

Bradford Allen Completes Multiple Leases at Oak Creek Center

CHICAGO – Bradford Allen Realty Services has completed two new leases over the last two months for a combined 35,067 square feet of office space at the Oak Creek Center, 1700 Finley Rd, in Lombard, Illinois.  The leases signed on behalf of the owner, KBS Realty, are Cinch Connectors for 22,915 square feet and Roto Rooter for 12,152 square feet.

Bradford Allen senior managing director Cody Sundberg and director, Rawly Lantz, represented ownership in both transactions.  Cinch Connectors, a multi-national manufacturer of interconnect products has been a long-term tenant of the building.  Bradford Allen senior managing director, Joel Berger and director, Ryan Moen represented the Cinch Connectors in the lease renewal.   Roto Rooter, a drain cleaning & plumbing service, expanded and relocated within park from 999 Oak Creek Drive.  They were represented by CB Richard Ellis Senior Vice President, John Springer.

Oak Creek Center is a master-planned office park that is comprised of 11 office and flex buildings on 70 acres of land.  Located less than 1 mile away from I-355 and I-88, it is within close proximity to multiple retailers, restaurants, hotels and the Yorktown Shopping Center. 

About Bradford Allen 
Bradford Allen Realty Services, a Chicago-based commercial real estate firm, makes a full range of services and expertise available to entrepreneurial and corporate business entities, and not-for-profit organizations. The firm provides real estate strategy, advice, marketing, and transaction execution for occupiers, investors and owners of real estate. Please visit our website at www.bradfordallen.com.

 

Laurence Elbaum Inducted to 2011 Midwest Real Estate Commercial Real Estate Hall of Fame

Chicago, IL — Bradford Allen/TCN Worldwide is pleased to announce Laurence Elbaum, principal and co-founder of Bradford Allen Realty Services/TCN Worldwide of Chicago and chairman of the TCN Worldwide Board of Directors, has been inducted into Midwest Real Estate News’ Commercial Real Estate Hall of Fame. 

Having received more than 300 nominations the highly regarded publication recently announced their newest inductees into the Midwest Commercial Real Estate Hall of Fame. As stated by Midwest Real Estate News, “These are men and women who have not only succeeded in one of the most challenging markets in the history of commercial real estate but have actually thrived during it.”

“We are honored to announce that Larry Elbaum has been inducted into Midwest Real Estate News’ Commercial Real Estate Hall of Fame,” said Ross Ford, president and CEO of TCN Worldwide. “Larry’s impressive background and stellar reputation within the industry as well as his continued commitment to our organization has set him apart as one of the industry’s most impressive leaders. We are proud to have someone of his caliber help lead TCN Worldwide as our current Chairman; his deep understanding of the commercial real estate market has and will continue to be an asset to all who have the privilege to work with him. Congratulations Larry!”

 

About Bradford Allen 
Bradford Allen Realty Services, a Chicago-based commercial real estate firm, makes a full range of services and expertise available to entrepreneurial and corporate business entities, and not-for-profit organizations. The firm provides real estate strategy, advice, marketing, and transaction execution for occupiers, investors and owners of real estate. Please visit our website at www.bradfordallen.com.

About TCN Worldwide
TCN Worldwide, a consortium of independent commercial real estate firms, provides complete integrated real estate solutions locally and internationally.  With approximately $20.7 billion in annual transactions and over 80 million square feet of space under management, the organization ranks as one of the largest service providers in the industry.  An extensive range of real estate services coupled with a personal commitment to exceed client expectations is what allows TCN Worldwide to be a leader within the commercial real estate industry.  Formed in 1989, TCN Worldwide is comprised of over 1,200 commercial real estate professionals serving more than 200 primary and secondary markets worldwide.  For more information on TCN Worldwide, contact Claudia E. Crow at 972-769-8701 or visitwww.tcnworldwide.com.

 

TCN Worldwide Recognized as one of the Top Commercial Real Estate Industry’s Top Brands

Chicago, IL — Bradford Allen/TCN Worldwide has announced that TCN Worldwide was named one of the most recognizable brands within commercial real estate by The Lipsey Company, a third party consulting firm specializing in the commercial real estate industry. Lipsey’s prestigious annual Top 25 Commercial Real Estate Brands Survey ranks companies and organizations across all sectors of the commercial real estate industry, including Brokerage, REITs, Service Companies, Institutions, etc.
 
TCN Worldwide has consistently ranked as one of the top brands in the CRE industry on Lipsey’s annual Top 25 Commercial Real Estate Brands Survey since 2003. The organization has experienced considerable momentum in recent years, climbing ten places in just three years. This year TCN Worldwide maintains that momentum, moving to number eleven.

“It is an honor to be recognized as one of the industry’s top brands in this year’s Top Commercial Real Estate Brands Survey,” stated Laurence Elbaum, principal and co-founder of Bradford Allen and chairman of the TCN Worldwide Board of Directors.  “TCN Worldwide is not only building marketshare, but also a reputation as one of the leading brand names in commercial real estate. We are proud to be affiliated with TCN, through which we are able to better meet our clients’ needs locally, regionally, nationally and internationally.”

H. Ross Ford, president and CEO of TCN Worldwide, added, “As an industry leader, Lipsey’s ranking reaffirms TCN Worldwide’s position as one of the most recognizable and a top brand within the industry. We congratulate each of our members, especially Bradford Allen on its continued achievement. Representing over 200 markets worldwide, our member firms have collectively made TCN Worldwide a global leader in the marketplace.”

About Bradford Allen 
Bradford Allen Realty Services, a Chicago-based commercial real estate firm, makes a full range of services and expertise available to entrepreneurial and corporate business entities, and not-for-profit organizations. The firm provides real estate strategy, advice, marketing, and transaction execution for occupiers, investors and owners of real estate. Please visit our website at www.bradfordallen.com.

About TCN Worldwide
TCN Worldwide, a consortium of independent commercial real estate firms, provides complete integrated real estate solutions locally and internationally.  With approximately $20.7 billion in annual transactions and over 80 million square feet of space under management, the organization ranks as one of the largest service providers in the industry.  An extensive range of real estate services coupled with a personal commitment to exceed client expectations is what allows TCN Worldwide to be a leader within the commercial real estate industry.  Formed in 1989, TCN Worldwide is comprised of over 1,200 commercial real estate professionals serving more than 200 primary and secondary markets worldwide.  For more information on TCN Worldwide, contact Claudia E. Crow at 972-769-8701 or visitwww.tcnworldwide.com.

 

Bradford Allen Expands its Suburban Agency Services Team

CHICAGO – Jeffrey Bernstein and Laurence Elbaum, principals and co-founders of Bradford Allen are pleased to announce that Cody Sundberg and Rawly Lantz have joined the firm’s Downers Grove office as Managing Director and Director respectively.  

Sundberg and Lantz come to Bradford Allen from Cawley Chicago Commercial Realty and will focus on agency representation in the suburban Chicago market. The duo also brings two significant agency projects to the firm, the Oak Creek Center of Lombard, Illinois and 950 Warrenville Road in Lisle, Illinois. The Oak Creek Center is a master-planned office park comprised of eleven office and flex buildings situated on 70 acres of land. The majority of the property is currently occupied, but various units are available. 950 Warrenville Road in Lisle is a 99,000 square foot, three-story, Class A office facility with immediate access to Interstate 88. The property is 93% leased.

“The addition of Cody and Rawly, two esteemed industry professionals, is a testament to the success of our unique leasing strategies and marketing programs,” said Bernstein, who leads the firm’s growing agency practice. “It’s also a valuable opportunity for Bradford Allen to expand our agency capabilities and presence in the suburban market.”

Joel Berger, Managing Director of Bradford Allen who oversees the suburban office added, “Cody and Rawly bring several years of experience and vast industry knowledge to our team. They will offer significant advantages to our current clients and will enable us to develop new relationships throughout the marketplace.”

Prior to joining Bradford Allen, Sundberg was a senior vice president with Cawley Chicago. He has closed nearly 700,000 square feet in transactions in both Illinois and Arizona where he is a licensed sales person. Sundberg is actively pursuing the Society of Industrial and Office Realtors (SIOR) and Commercial Investment Real Estate Institute (CCIM) designations. He is a graduate of Miami University in Oxford, Ohio and currently resides in Chicago.

Lantz, also previously employed at Cawley Chicago where he served as vice president, joins the firm having negotiated more than $15,000,000 in rental income for his clients. He has represented multiple institutional owners including KBS, Lexington Realty Trust and Stone Creek Properties. He is a member of the Chicago Chapter of NAIOP and licensed sales person in Illinois. Lantz is a graduate of Western Illinois University, an avid golfer and a volunteer for the Make-A-Wish Foundation. He currently resides in Western Springs, Ill.

About Bradford Allen 
Bradford Allen Realty Services, a Chicago-based commercial real estate firm, makes a full range of services and expertise available to entrepreneurial and corporate business entities, and not-for-profit organizations. The firm provides real estate strategy, advice, marketing, and transaction execution for occupiers, investors and owners of real estate. Please visit our website at www.bradfordallen.com.

 

Bradford Allen Secured as New Leasing Agent for 79 West Monroe

CHICAGO –  Bradford Allen’s agency services group has been assigned as the listing agent for the former Bell Federal Savings & Loan building located at 79 W. Monroe in Chicago by the Farbman Group who purchased the building last week.

Located at Monroe and Clark, the Farbman Group of Detroit purchased the 199,824 square foot office property from Bank of America. The firm currently owns 700,000 square feet of property in Chicago; however, this is its first lease-up risk for the ownership. The 15-story, neoclassical office building constructed in 1903 is 72% vacant with approximately 95,000 square feet of contiguous space available. The Farbman Group, who enlisted Bradford Allen’s agency services group to list 216 W. Jackson, again selected the Chicago-based commercial real estate firm to secure new tenants for the Bell building.

“We are excited to market this historic space within the Bell building which has never before been available to the marketplace,” said Jeffrey Bernstein, a principal and co-founder of Bradford Allen who leads the firm’s growing agency practice. “Having worked with the Farbman Group for several years, we can attest to the ownership’s attentiveness and professionalism and look forward to assisting them with this new Loop endeavor.”

Bradford Allen’s Director Andrew DeMoss will represent the firm in the marketing efforts. “This is a great opportunity for users looking for space within Chicago’s Loop,” commented DeMoss. “The property is situated within three blocks of all of the CTA lines, within close proximity to the Federal buildings, offers six full floors of contiguous space and is move-in ready.”

The former Federal Bell building was designed by Jarvis Hunt and features a “Weather Bell” sign that changes color with impending temperature changes. The property was renovated in 1989 and includes fiber optic wiring and raised flooring.

About Bradford Allen 
Bradford Allen Realty Services, a Chicago-based commercial real estate firm, makes a full range of services and expertise available to entrepreneurial and corporate business entities, and not-for-profit organizations. The firm provides real estate strategy, advice, marketing, and transaction execution for occupiers, investors and owners of real estate. Please visit our website at www.bradfordallen.com.

 

Bradford Allen Adds Three New Associates to Team

CHICAGO – Jeffrey Bernstein and Laurence Elbaum, principals and co-founders of Bradford Allen are pleased to announce that Justin Kessler, Geoff Winston, and Brandon Haddock have joined the Chicago–based commercial real estate firm as associates.  

The three new associates are among several new hires recently announced by Bradford Allen. Justin Kessler has more than five years experience in commercial real estate, most recently serving as a Managing Director at ONCOR International for the Europe, Middle East & Africa office based in London.   Kessler is a graduate of the University of Missouri in St. Louis and is a member of the Young Professionals of Chicago.  

Geoff Winston is a former associate for Howard Ecker & Company as well as a property acquisition specialist for The Department of Veteran Affairs. Winston is a graduate of American University in Washington D.C., and a member of the Young Office Brokers Association (YOBA) and also serves on the Strategy Committee for the Union League Boys and Girls Club of Chicago. 

Brandon Haddock joins Bradford Allen from Gordon Realty, a Michigan real estate firm, where he served as a property manager and leasing assistant. He was also previously employed as a sales associate for an international plastics manufacturer in the Czech Republic. Haddock is a graduate of Michigan State University and a member of YOBA.

About Bradford Allen 
Bradford Allen Realty Services, a Chicago-based commercial real estate firm, makes a full range of services and expertise available to entrepreneurial and corporate business entities, and not-for-profit organizations. The firm provides real estate strategy, advice, marketing, and transaction execution for occupiers, investors and owners of real estate. Please visit our website at www.bradfordallen.com.

 

Bradford Allen Arranges Strategic Relocation for the LaSalle Network

CHICAGO – Bradford Allen Realty Services is pleased to announce that The LaSalle Network, a leading provider of professional staffing and recruiting services throughout the Midwest, is relocating their northwest Chicago office location to 2355 S. Arlington Heights Road in Arlington Heights from neighboring Schaumburg, Illinois.  Laurence Elbaum, principal and co-founder and Joel Berger, managing director at Bradford Allen represented The LaSalle Network while Kevin Gillihan, associate, also of Bradford Allen, represented the building’s owner, Iron Horse Partners.

The LaSalle Network’s lease expired in December of 2009, but given the market conditions leading up to that time, the firm chose to postpone lease negotiations.  When The LaSalle Network was ready to consider a lease renewal, their landlord was facing foreclosure. The building was subsequently placed into receivership and The LaSalle Network began to incur significant penalties related to its holdover.

“The LaSalle Network went through an extensive search throughout the Schaumburg market,” Elbaum said.  “They chose the Arlington Heights property for its exceptional visibility from I-90, easy access, and because the ownership was willing to assume their hold-over costs, reduce their out-of pocket expenses and provide them with the long-term solution necessary to accommodate their operations.”

The LaSalle Network, which maintains additional offices in both Downtown Chicago and Oak Brook, leased approximately 4,000 square feet of space within the five-story, 50,700 square foot Arlington Heights property.  The building is situated at the Southeast corner of South Arlington Heights Road and Algonquin Road and adjacent to I-90’s four-way interchange providing easy access to O’Hare International Airport and the area’s extensive business amenities.

About Bradford Allen 
Bradford Allen Realty Services, a Chicago-based commercial real estate firm, makes a full range of services and expertise available to entrepreneurial and corporate business entities, and not-for-profit organizations. The firm provides real estate strategy, advice, marketing, and transaction execution for occupiers, investors and owners of real estate. Please visit our website at www.bradfordallen.com.

 

Bradford Allen Completes Multiple Leases at Kinzie Design Center

CHICAGO – Bradford Allen Realty Services has completed four new leases over the last three months for a combined 12,200 square feet of office space at the Kinzie Design Center, 220-230 W Kinzie in Chicago, IL.  The leases signed on behalf of Chicago based owner, Kinzie Street Partners, LLC are:  Vine Street Trading for 4,290 square feet, The Chartis Group leasing 3,593 square feet, The Well Advertising for 2,174 square feet, and Visual Wright leasing 2,174 square feet.

Bradford Allen senior managing director Craig A. Nadborne and director, Steve Fitzgerald, represented ownership in all four transactions.  Both The Chartis Group and The Well Advertising are relocating from nearby buildings.  This will be the first office for Visual Wright, a start-up graphic design and marketing firm, and Vine Street Trading is an early restructure, extension and expansion. The four-story 77,000 square foot office/showroom building in River North is now 82% leased.

“These recent leases reflect the Kinzie Design Center’s appeal as a prime office location for mid-size businesses and design firms,” said Jeffrey Bernstein, a principal and co-founder of Bradford Allen and the leader of the firm’s growing agency practice.  “The property offers access to the eclectic, creative River North community, with a significant cost advantage over the area’s other available offerings.”  

Located at Kinzie and Franklin, the Kinzie Design Center is situated directly across the street from the Merchandise Mart. The property was constructed in 1904 and features newly renovated facades, a brand new lobby with keycard entry, dramatic high ceilings and exposed brick. The Kinzie Design Center is located on West Kinzie Street, one block from the Franklin Street El stop within the Merchandise Mart. The property’s River North location is within walking distance to the Central Business District and East Bank Club.

About Bradford Allen 
Bradford Allen Realty Services, a Chicago-based commercial real estate firm, makes a full range of services and expertise available to entrepreneurial and corporate business entities, and not-for-profit organizations. The firm provides real estate strategy, advice, marketing, and transaction execution for occupiers, investors and owners of real estate. Please visit our website at www.bradfordallen.com.

 

Sameena Mustafa Basit Joins Bradford Allen as Managing Director

CHICAGO – Jeffrey Bernstein and Laurence Elbaum, principals of Bradford Allen have announced that Sameena Mustafa Basit has joined the Chicago-based firm as managing director.

“Sameena has over six years of experience as a successful tenant representative,” said Elbaum.  “Her background, expertise and talent will provide a solid foundation for her success at our firm.  We are pleased to have her on board as we continue to grow our Chicago office.”

As a managing director, Basit specializes in tenant advisory services throughout Chicago and has advised clients in the non-profit, education, engineering, information technology, finance and insurance sectors. Most notably, Basit represented the Noble Network of Charter Schools in lease negotiations, making it the first charter high school within the Loop at 1 North State Street. Other recent transactions include relocations for Alliance of Chicago Community Health Services, HCL America and the KIPP Foundation.  After beginning her commercial real estate career with CB Richard Ellis, Basit most recently held the position of managing director with ProTen Realty Group where she became the firm’s youngest senior member of the brokerage team. 

Prior to her career in real estate, Basit spent 10 years developing business and management expertise at companies such as Rand McNally and Planned Parenthood. Basit is also a dedicated member of her community with a long-standing history of service. She currently serves on boards at the YWCA Evanston/North Shore, United Way of Metropolitan Chicago and the Chicago Community Trust. Basit is a licensed real estate professional in the state of Illinois and holds a Bachelor of Arts degree from Northwestern University. She currently resides in Chicago.

About Bradford Allen 
Bradford Allen Realty Services, a Chicago-based commercial real estate firm, makes a full range of services and expertise available to entrepreneurial and corporate business entities, and not-for-profit organizations. The firm provides real estate strategy, advice, marketing, and transaction execution for occupiers, investors and owners of real estate. Please visit our website at www.bradfordallen.com.

 

Bradford Allen Completes Lease at the Kinzie Design Center

CHICAGO – Bradford Allen Realty Services is pleased to announce that Craig A. Nadborne, senior managing director and Steve Fitzgerald, director of the Chicago-based commercial real estate firm, have recently completed a 7,186 square foot showroom lease to Chicago Brass-Chicago Bath on behalf of the Kinzie Design Center.

Since 1986, Chicago Brass-Chicago Bath has been a leading distributor of high-quality door & cabinet hardware and luxury plumbing fixtures in the Chicago area. The firm currently operates from two locations, one on the North Shore and one in the Lincoln Park neighborhood, and is expanding to the River North property. Chicago Brass-Chicago Bath selected the Kinzie Design Center as it provides dramatic loft office/showroom space at very attractive rates directly across the street from the Merchandise Mart. Nadborne and Fitzgerald represented building ownership, Kinzie Street Partners, LLC, in the lease negotiations. 

“The landlord has invested significant capital into the building’s infrastructure and has performed a very tasteful renovation that accentuates the property’s vintage loft elements.  The recent economic downturn has actually benefitted the Kinzie Design Center as it provides a significant cost advantage over the Mart and other more expensive showroom buildings in River North,” said Jeffrey Bernstein, a principal and co-founder of Bradford Allen who leads the firm’s growing agency practice.

“We are pleased to have arranged a deal that provides the landlord with a long-term, stable tenant,” added Craig Nadborne one of the building’s agents. “This tenant is a great addition to the significant amount of leasing which Steve and I have done over the last year at the property.”

Located at 220-230 W. Kinzie, the Kinzie Design Center is situated directly across the street from the Merchandise Mart. The 77,000 square foot office/showroom property was constructed in 1904 and features newly renovated facades, a brand new lobby with keycard entry, dramatic high ceilings and exposed brick. The Kinzie Design Center is located on West Kinzie Street, one block from the Franklin Street El stop within the Merchandise Mart. The property’s River North location is within walking distance to the Central Business District and East Bank Club.

About Bradford Allen 
Bradford Allen Realty Services, a Chicago-based commercial real estate firm, makes a full range of services and expertise available to entrepreneurial and corporate business entities, and not-for-profit organizations. The firm provides real estate strategy, advice, marketing, and transaction execution for occupiers, investors and owners of real estate. Please visit our website at www.bradfordallen.com.

 

T&H Brokers and T&H Benefits to Keep Headquarters at 320 West 57th Street

NEW YORK – T&H Brokers and T&H Benefits, part of T&H Group’s family of companies offering commercial insurance, benefits, construction insurance and surety, has renewed at 320 West 57thStreet, its headquarters location for more than two decades.

“This building has served our organization well over the past twenty plus years,” said Walter Harris, chairman and CEO of T&H Group, Inc., “and we are pleased to continue our operations from the same location for many more years to come.”

T&H Brokers and T&H Benefits have signed a 45,578-square foot lease and in order to facilitate a renovation and updating of its existing space, will be restacking within the building, which comprises approximately 98,000 square feet of commercial space at the base of a large residential tower known as the Sheffield.

“The willingness of the building owner to accommodate our requests and renovations is a testament of their commitment to invest in and continually improve this property,” added Richard Fleder, president of T&H Brokers, “making us confident in their efforts as the new ownership entity.”

Laurence Elbaum, principal and co-founder of Bradford Allen Real Estate Services a Chicago-based national commercial real estate brokerage, and Jarod Stern, associate director of international commercial real estate services firm Studley represented the Tenant in the transaction. The Landlord was represented by Peter Berti and Lou D’Avanzo of Cushman Wakefield.

“As a direct result of an extensive market search and serious consideration of numerous viable alternatives, we were able to successfully structure a deal that best suited the firm’s operational and financial needs, while at the same time, allowing T&H to remain at the familiar location that has always worked so well for their business,” said Elbaum of Bradford Allen.

About Bradford Allen 
Bradford Allen Realty Services, a Chicago-based commercial real estate firm, makes a full range of services and expertise available to entrepreneurial and corporate business entities, and not-for-profit organizations. The firm provides real estate strategy, advice, marketing, and transaction execution for occupiers, investors and owners of real estate. Please visit our website at www.bradfordallen.com.

 

Laurence Elbaum Elected Chairman of TCN Worldwide Board of Directors

Chicago, IL —TCN Worldwide is proud to announce Laurence Elbaum, principal and co-founder of Bradford Allen Realty Services/TCN Worldwide of Chicago, has been elected chairman for the 2010-2011 TCN Worldwide Board of Directors. Originally elected to the board of directors in 2006, Mr. Elbaum previously served as the board’s vice chairman.

“We are very pleased to announce that Larry Elbaum will be serving as the newly elected chairman of TCN Worldwide’s board of directors,” said Ross Ford, president and CEO of TCN Worldwide. “Larry’s impressive background, stellar reputation within the industry and continued commitment to our organization has set him apart as one of the organization’s most impressive leaders. We look forward to his continued contribution and are fortunate to have someone of his caliber help lead TCN Worldwide in accomplishing our strategic goals.”

Elbaum, a veteran broker from both New York City and Chicago’s commercial office leasing market, co-founded Bradford Allen Realty Services with Jeffrey Bernstein in October 2003. Their Chicago-based national commercial real estate firm provides its clients with a fresh perspective, significant local industry relationships and extensive market knowledge. Through its affiliation with TCN Worldwide, Bradford Allen additionally offers expanded services on the local, national, and international levels.

Other members serving on the 2010-2011 Board of Directors include:

  • Vice Chairman & Treasurer: Ford Price, Jr., of Price Edwards & Company/TCN Worldwide in Oklahoma City
  • Secretary: William Nice, of Chartwell Group/TCN Worldwide in Cleveland
  • Board Members: Neil H. Siderow of Murray Hill Properties, LLC in New York City; Richard Bowers, SIOR, of Richard Bowers & Co./TCN Worldwide in Atlanta; Kenneth Ulsaker of Long & Foster Commercial/TCN Worldwide in Washington D.C. and H. Ross Ford III of TCN Worldwide in Plano, Texas.

About Bradford Allen 
Bradford Allen Realty Services, a Chicago-based commercial real estate firm, makes a full range of services and expertise available to entrepreneurial and corporate business entities, and not-for-profit organizations. The firm provides real estate strategy, advice, marketing, and transaction execution for occupiers, investors and owners of real estate. Please visit our website at www.bradfordallen.com.

About TCN Worldwide
TCN Worldwide, a consortium of independent commercial real estate firms, provides complete integrated real estate solutions locally and internationally.  With approximately $20.7 billion in annual transactions and over 80 million square feet of space under management, the organization ranks as one of the largest service providers in the industry.  An extensive range of real estate services coupled with a personal commitment to exceed client expectations is what allows TCN Worldwide to be a leader within the commercial real estate industry.  Formed in 1989, TCN Worldwide is comprised of over 1,200 commercial real estate professionals serving more than 200 primary and secondary markets worldwide.  For more information on TCN Worldwide, contact Claudia E. Crow at 972-769-8701 or visitwww.tcnworldwide.com.

 

Sun Life Taps Bradford Allen to Lease CBD Office

Chicago, IL – Sun Life Assurance Company of Canada has retained Bradford Allen Realty Services as the exclusive leasing agent for their new office acquisition at 29 North Wacker Drive. Sun Life closed on the purchase last week, buying the 129,262 square foot office building from Boston-based Intercontinental Real Estate Corporation.    Under Sun Life’s ownership, the building will undergo an extensive rehabilitation of the mechanical systems and upgrades to the common areas.
   
“Sun Life is making a significant capital commitment to this wonderful asset and bringing to this project financial stability and a solid  reputation as a quality owner of commercial real estate.  We are very pleased to have been chosen for this assignment” said Jeffrey Bernstein a principal and co-founder of Bradford Allen.  Bernstein leads the firm’s growing agency practice.

The 39-year-old building was designed by architects A. Epstein and Sons with unobstructed sight lines up and down Wacker Drive and 13,000 square foot floor plates tailored to small to midsize office tenants. Unique features include an  executive parking garage with capacity for 44 cars with direct access from the building’s dramatic lobby, which features  a 30 foot ceiling and terrazzo floors and direct entrances to some of the building’s retail tenants.

“The building has historically been very well occupied due to its highly desirable location in the heart of the West Loop, its architecturally distinctive exterior and ability to offer midsized tenants full floor identity” said Ben Azulay a managing director with Bradford Allen.  “The planned building-wide renovation program along with our ability to offer competitive tenant improvement packages will help us appeal to a wide variety of potential tenants.”

Azulay, along with Bradford Allen’s Kevin Gillihan, will handle leasing on behalf of ownership.

Bradford Allen 
Bradford Allen Realty Services, a Chicago-based commercial real estate firm, makes a full range of services and expertise available to entrepreneurial and corporate business entities, and not-for-profit organizations. The firm provides real estate strategy, advice, marketing, and transaction execution for occupiers, investors and owners of real estate. Please visit our website at www.bradfordallen.com.

Sun Life Assurance Company of Canada (www.sunlife.com) is an international financial services organization providing a diverse range of protection and wealth accumulation products and services to individuals and corporate customers. Chartered in 1865, Sun Life Financial and its partners today have operations in key markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China and Bermuda. As of December 31, 2008, the Sun Life Financial group of companies had total assets under management of CDN$381 billion. Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE), and Philippine (PSE) stock exchanges under ticker symbol SLF.

 

Bradford Allen Picks Up Leasing for Trio of Medical Office Buildings in Bolingbrook and Hinsdale

CHICAGO, IL (May 10, 2010) – Dallas-based Trammell Crow Company has awarded Bradford Allen’s Medical Office Practice Group the leasing assignment for a trio of medical office buildings: Bolingbrook Medical Center located at 396 Remington Blvd. in Bolingbrook and 908 and 911 N. Elm Street in Hinsdale, IL.

“These buildings are an outstanding addition to our leasing portfolio,” said Bradford Allen’s Principal and Co-President Jeffrey Bernstein. “We look forward to working with such a well respected owner on this assignment.”

Built in 2008, Bolingbrook Medical Center is a three story, 73,544-square-foot Class A medical office building. It sits on the Adventist Bolingbrook Hospital campus and provides doctors and patients alike immediate access to hospital’s full range of health care services. It is currently 54% leased.

908 Elm Street was built in 1984 and is the larger of the two medical office buildings located in Hinsdale. At four stories and 119,022 square feet, the Class A building is home to medical related tenants which are affiliated with Adventist Hinsdale Hospital. It is 86% leased.  911 Elm Street is a three-story, Class B building built in 1979. Totaling 49,696 square feet its tenant mix is comprised of medical and professional tenants. It is 60% leased.

Both buildings are owned affiliated with nearby Adventist Hinsdale Hospital.

Bradford Allen’s Joel Berger, managing director, along with John Millner, associate, will handle leasing on behalf of ownership.

“We are confident that our firm’s unique approach to handling medical office buildings, coupled with the strength of ownership, will produce results in the near future,” said Berger.

Bradford Allen’s Medical Practice Group specializes in tenant and landlord representation for health care facilities, medical buildings and medical office space.  Since 2009, it has completed more than 120,000 square feet of transactions on behalf of healthcare related clients.

About Bradford Allen
Bradford Allen Realty Services, a Chicago-based commercial real estate firm, makes a full range of services and expertise available to entrepreneurial and corporate business entities, and not-for-profit organizations. The firm provides real estate strategy, advice, marketing, and transaction execution for occupiers, investors and owners of real estate. Please visit our website at www.bradfordallen.com.

 

Jewish Federation of Metropolitan Chicago Renews at 216 West Jackson

CHICAGO, IL (April 20, 2010) – The Chicago office of commercial real estate services firm Bradford Allen represented NAI Farbman, owners of 216 West Jackson Boulevard, in a 40,396-square-foot lease renewal and extension to the Jewish Federation of Metropolitan Chicago (JFMC).  
JFMC, one of the city’s most stable and dynamic non-profit organizations, occupies 23% of the 176,600-square-foot office building located in the West Loop submarket. As a result, the lease represents a stabilization in the long-term occupancy and financial health of the building.
Bradford Allen’s Principal and Co-President Jeffrey Bernstein represented ownership in the transaction. John Goodman, Rick Schuham and Eric Feinberg with Studley represented JMFC.

In November 2008, Detroit-based NAI Farbman awarded Bradford Allen the leasing and management assignment for 216 West Jackson Boulevard.

Bradford Allen currently manages 13 office buildings throughout the Chicagoland area

About JFMC
The Jewish Federation of Metropolitan Chicago serves as the central communal organization of the Chicago-area Jewish community. JFMC raises the funds to provide food, refuge, health care, education and emergency assistance to 300,000 people of all faiths in Chicago and 2 million Jews around the world. It is committed to providing the means, resources, and planning to address needs while fulfilling the highest principles and ideals of Jewish tradition.

About NAI Farbman
Founded in 1976, Farbman Group / NAI Farbman is a leading full-service real estate organization handling all facets of real estate transactions, from property management and leasing to acquisition and disposition.

Today, Farbman is one of the largest and most respected full service organizations in the Midwest.  The firm manages more than 20 million square feet of office, retail, multi-family and industrial space throughout Southeast Michigan and is recognized as a leading commercial management and brokerage firm by clientele. For more information, please visitwww.Farbman.com and www.NAIFarbman.com.

About Bradford Allen
Bradford Allen Realty Services, a Chicago-based commercial real estate firm, makes a full range of services and expertise available to entrepreneurial and corporate business entities, and not-for-profit organizations. The firm provides real estate strategy, advice, marketing, and transaction execution for occupiers, investors and owners of real estate. Please visit our website at www.bradfordallen.com.

 

Joel M. Berger Promoted to Managing Director

CHICAGO, IL (December 17, 2009) – Jeffrey Bernstein, Principal and Co-President  of Bradford Allen, announced the recent promotion of Joel M. Berger from director to managing director with the firm’s Office Brokerage Group in Chicago.

“We are extremely proud of our dedicated professionals,” said Bernstein. “Joel has proven that even in a challenging market climate, deals can and do get done. It’s really a testament to his hard work.”

An office tenant and landlord representation specialist, Mr. Berger joined Bradford Allen in 2004. He currently oversees the firm’s Lombard office, managing the Suburban Office Group’s day to day operations as well as overseeing broker training and recruiting. Mr. Berger continues to work on transactions while developing a business plan and vision for the future in conjunction with Mr. Bernstein.

Notable recent transactions include a 15,000-square-foot expansion and renewal on behalf of Automated Engineering at 40 Shuman Blvd in Naperville; a 15,000-square-foot expansion and relocation on behalf of the Illinois Center for Broadcasting at 455 Eisenhower Ln in Lombard; an 11,000-square foot expansion and relocation on behalf of Rx Solutions (a Walgreen’s company) at 2050 Finley Rd in Lombard; and an 8,000-square-foot renewal on behalf of Play Mechanix at 800 Roosevelt Rd in Glen Ellen.

Berger is a graduate of the University of Wisconsin, Madison. He is a licensed real estate sales person in the state of Illinois.

About Bradford Allen
Bradford Allen Realty Services, a Chicago-based commercial real estate firm, makes a full range of services and expertise available to entrepreneurial and corporate business entities, and not-for-profit organizations. The firm provides real estate strategy, advice, marketing, and transaction execution for occupiers, owners and investors of real estate. Please visit our website at www.bradfordallen.com.

 

Robbins Schwartz Nicholas Lifton & Taylor Will Relocate to 55 West Monroe

CHICAGO, IL (October 2, 2008) — Robbins Schwartz Nicholas Lifton & Taylor, a primary provider of legal services to educational institutions, colleges, municipalities and local governments in the Chicago area and throughout Illinois, has executed a lease for 18,638 square feet of office space at 55 West Monroe Street, in Chicago Illinois. The firm will move from their current location at 20 North Clark Street in February of 2009.

Robbins Schwartz Nicholas Lifton & Taylor was represented by Laurence Elbaum, Principal, and Ben Azulay, Managing Director with Bradford Allen.

About Robbins, Schwartz, Nicholas, Lifton & Taylor, Ltd.: 
Since its founding in 1970, Robbins, Schwartz, Nicholas, Lifton & Taylor Ltd. has provided a full range of legal services to educational institutions, public entities and private sector clients. With offices in Chicago, Joliet, Decatur and Collinsville, Robbins, Schwartz is uniquely positioned to serve schools, colleges and municipal bodies, as well as clients in the corporate sector throughout Illinois. For a complete description of the legal services provided by Robbins, Schwartz visit the Firm’s website at www.rsnlt.com.

About Bradford Allen
Bradford Allen Realty Services, a Chicago-based commercial real estate firm, makes a full range of services and expertise available to entrepreneurial and corporate business entities, and not-for-profit organizations. The firm provides real estate strategy, advice, marketing, and transaction execution for occupiers, owners and investors of real estate. Please visit our website at www.bradfordallen.com.

 

Cancer Treatment Centers of America to Expand Corporate Headquarters

SCHAUMBURG, IL (July 30, 2008) — CTCA has closed on the purchase of 500 E. Remington Boulevard, a 38,500-square-foot office building, adjacent to its current headquarters at 1336 Basswood. The property was purchased for $4,050,000 from AST Remington, LLC. 
AST Remington LLC was represented by Odie Fakhouri and Steve Fitzgerald of Bradford Allen, and CTCA was represented by Andrea Van Gelder and Sean Reynolds of the Staubach Company.

“We determined the building was best suited to a single-tenant user, and a company already operating in close proximity would gain the highest benefit,” said Jeffrey A. Bernstein, principal of Bradford Allen.  “These factors, combined with CTCA’s current need, made them a primary choice to acquire the property.”

CTCA will continue to occupy its 30,000-square-foot building at 1336 Basswood, and will split its headquarters operations between the two buildings, moving its executive offices to 500 Remington.

About Bradford Allen
Bradford Allen Realty Services, a Chicago-based commercial real estate firm, makes a full range of services and expertise available to entrepreneurial and corporate business entities, and not-for-profit organizations. The firm provides real estate strategy, advice, marketing, and transaction execution for occupiers, owners and investors of real estate. Please visit our website at www.bradfordallen.com.

 

Iron Horse Partners Implements a Full Building Upgrade For 2355 South Arlington Heights Road

ARLINGTON HEIGHTS, IL (February 11, 2008) — Iron Horse Partners, an owner/operator of Chicago-area office buildings, announced that a full building renovation is underway at 2355 South Arlington Heights Road, a 5-story, 50,702-square-foot steel and glass office building in Arlington Heights, Illinois.

The project includes significant upgrades to both the exterior and interior of the building: repaving and re-striping of the parking lots, new landscaping with full irrigation, improvements to the building’s exterior, a completely redesigned lobby with comfortable seating areas, and redecorated common corridors. Project completion is anticipated for 3rd quarter of this year. The building will also feature a gym with locker rooms and showers and a new lunch room/vending area.

“This is a great asset in an extremely prominent and convenient location yet, in the past, it has not lived up to its potential,” said Keith Sherry, a partner with Iron Horse. “As a result of the upgrades and enhancements and an aggressive leasing program, we expect the asset to attract tenants requiring better-quality space and a high degree of visibility.”

Iron Horse Partners has retained Bradford Allen Realty Services as exclusive agents for the building. Brandon Berger, Director with Bradford Allen, is leading the leasing program for the building.

Iron Horse Partners
Iron Horse Partners is an owner/operator of commercial office buildings, focusing primarily on acquisitions in the Chicago area.  Iron Horse specializes in value-add projects requiring significant leasing efforts and/or market repositioning.

About Bradford Allen
Bradford Allen Realty Services, a Chicago-based commercial real estate firm, makes a full range of services and expertise available to entrepreneurial and corporate business entities, and not-for-profit organizations. The firm provides real estate strategy, advice, marketing, and transaction execution for occupiers, owners and investors of real estate. Please visit our website at www.bradfordallen.com.