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Chicago Commercial Real Estate – In the News

Jill’s Top 5 Articles From This Week

  1. 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. – RE Journals
  2. SIRVA, Inc has expanded its headquarters by 9,000 square feet at 1 Parkview Plaza in Oakbrook Terrace, Illinois, according to Bradford Allen Realty Services Senior Managing Director, Joel Berger, who completed the lease expansion and renewal totaling 62,000 square feet. –  RE Journals
  3. Renters just can’t seem to keep away from the city. Chicago has seen an increasing migration of people relocating downtown—whether it be for housing purposes or for business, it’s impossible to stay away from the center of where all the action happens. – RE Journals
  4. Chicago’s in the top five cities in the country when it comes to emerging technology hubs, according to a new report – Biz Journals
  5. World Business Chicago tracks indicators from month to month to gauge the strength of several aspects of Chicago’s economy, including employment in major sectors, residential and office real estate data, price and purchasing indexes, and freight demand. Note: employment data refers to payroll job estimates for the city of Chicago and is not adjusted for seasonality – World Business Chicago
 

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.