Chicago's industrial market recorded a strong third quarter, with rental rates jumping an unprecedented 13 percent and the vacancy rate reaching a new low of 4.54% (and even lower in O'Hare and other submarkets). View PDF
December Recap: Chicago's West Suburban Market Kane and DuPage counties continue to see strong industrial activity and super low vacancy rates, creating a challenging environment for companies looking for space. Here's a recap of recent transactions by Maria McNeil, who specializes in the Kane County submarket. She represented industrial tenants and office investors in evaluating their...
December 2022 -- The I-55 Corridor continues to draw growing businesses that are seeking access to Chicago's industrial market and transportation routes that provide connection to surrounding Midwest and National markets. Here's a look at a recent industrial transaction that shows the market dynamics and the importance of having a strategic real estate partner to...
Posted on November 17, 2022 by Kristin Hiller in Illinois, Industrial, Leasing Activity, Midwest HODGKINS, ILL. — Brown Commercial Group has negotiated two new leases totaling 131,605 square feet at 7335 Santa Fe Drive in Hodgkins, a southwest suburb of Chicago. Pioneer Service Inc. leased 61,355 square feet and M&M Quality Grinding Inc. leased 70,250 square feet. The distribution building is being renovated into...
Nov. 15, 2022 -- Brown Commercial Group has completed lease negotiations that will bring two manufacturing businesses into one 131,605-square-foot building in Chicago’s I-55 Corridor. Partner Mike Antonelli represented Pioneer Service, Inc. and M&M Quality Grinding, Inc. in a comprehensive site selection, market analysis and lease negotiations that will allow both companies to move into 61,355 square...
OCTOBER 21, 2022-- Brown Commercial Group negotiated six industrial transactions in the Chicago market for businesses that were looking for new space to expand their operations. The transactions were all completed by Broker Collin Tyrrell and supported businesses in the landscaping, transportation, retail, and printing industries. The largest transaction was a 12,245-square-foot lease at 6635 W. Irving...
Chicago’s industrial market continues to see surging demand for space and strong construction deliveries, along with some supply chain and economic headwinds. View PDF
SEPTEMBER 7, 2022 -- Brown Commercial Group Partner Trinity Scurto achieved the SIOR industrial designation awarded by the Society of Industrial and Office REALTORS®. SIOR is a Washington, DC-based international professional organization of more than 3,600 commercial real estate professionals who earned the coveted SIOR designation. As noted in the Illinois Real Estate Journal, Scurto received the designation after...
Aug. 17, 2022 -- Brown Commercial Group represented Accu-Labs, Inc. in buying a 32,000-square-foot building at 3433 W. 48th Place in Chicago. Broker Pat Crowley negotiated the transaction, along with two others. Accu-Labs is a worldwide supplier of specialty chemicals to the plating and metal finishing industries. With this new purchase, the company is more than doubling...
AUGUST 9, 2022 -- As the Chicago office market continues to stall due to the pandemic, there are positive signs of recovery in some suburban office markets and product types. “I have completed more office transactions over the past few years than in the years leading up to the pandemic, as local business owners looked for...
