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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.