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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 Bradford Allen
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.