May 3, 2023 -- The O'Hare industrial market remains a coveted industrial location for tenants looking for close connection to the airport's distribution network, as well as a location with easy access to major highways. Investors also have been focused on this submarket for many years, due to its potential to generate strong returns. Brown...
April 6, 2023 -- Brown Commercial Group recently negotiated two industrial building sales, totaling 48,171 square feet, in suburban Chicago, as featured in this France Media story. Principal Mike Antonelli, SIOR, and Broker Matt Hanson of Brown represented the sellers in both transactions, while Partner Trinity Scurto, SIOR, represented the buyers. In the first transaction, Bilmar...
April 2023 -- The DuPage County industrial market continues to attract investors and tenants looking for lower taxes (than Cook County) and access to O'Hare International Airport and surrounding transportation routes. As noted in this Illinois Real Estate Journals story, Brown Commercial Group Partner Mike Antonelli, SIOR, and Broker Matt Hanson represented the sellers in...
March 29, 2023 -- Industrial building sales continued at a steady pace in the first quarter of 2023, with investors capitalizing on the strong demand in the Chicago suburban market. According to this Daily Herald story,Brown Commercial Group negotiated two industrial building sales totaling 48,171 square feet, helping investors and buyers navigate a market that...
Industrial Market Outlook Q1 2023 Low Vacancy Rates Impact Deal Flow Despite a challenging economic climate, the Chicago industrial market continues to show resilience, with strong tenant demand and low vacancy rates characterizing the market. Landlords remain in the driver's seat as tenants search the market for space, particularly in the 100K SF and under category. Tenants...
March 7, 2023 -- Despite a significant industrial space shortage, VP of Sales Jim Pietrarosso secured a a 75,072-square-foot Chicago industrial lease in the O’Hare submarket. As noted in Connect Media, the full-building lease will allow Masterpiece International to combine three locations into one, expand its space and improve efficiencies. He represented the New York...
February 28, 2023 -- Brown Commercial Group Partner Mike Antonelli looks at what’s top of mind for industrial clients today, including the challenges of finding industrial space in a tight market. Here are three top concerns for the commercial real estate industry. Challenges finding product. There are still companies that want to buy, but the...
Feb. 28, 2023 -- Brown Commercial Group Broker Collin Tyrrell negotiated two Lake County real estate transactions, including a 25,600-square-foot industrial building sale and an office lease. The transactions were part of three recent deals totaling 35,345 square feet. Tyrrell represented the seller, Falling Waters Development LLC, in the sale of 2910 Falling Waters Blvd. in Lindenhurst,...
February 21, 2023 -- Brown Commercial Group partner Trinity Scurto represented Advanced Metalcraft in nearly tripling its space in an O'Hare submarket lease. The company, a fabricator of precision metal components and assemblies, is moving from a 15,000-square-foot space in Franklin Park, IL to 44,600 square feet at 110 and 210 Gateway Rd. in Bensenville, IL. “This...
February 7, 2023 -- Brown Commercial Group continues to make the news for its industrial and office real estate transactions as well as the accomplishments of its team. Bisnow featured two recent announcements in its Chicago Deal Sheets, which details the ins and outs of Chicago commercial real estate transactions and trends. The stories featured...
