Brown negotiates manufacturing lease

Aug. 22, 2023 -- Brown Commercial Group negotiated a long-term manufacturing lease to bring Isutami USA LLC to a 12,000-square-foot space in Chicago's western suburbs. Broker Pat Crowley represented the China-based business in opening a second suburban Chicago facility, as 1525 Ardmore Ave. in Itasca, IL. As noted in the Chicago Business Journal, the space...

Brown secures industrial space expansion

Aug. 18, 2023 --Brokers Pat Crowley and Candace Scurto worked with two expanding companies to secure industrial space expansion leases in the Chicago industrial market. Crowley represented the tenant, Isutami USA, LLC in nearly doubling its space with a 12,588-SF lease at 1525 Ardmore Ave. in Itasca, Illinois. The company is expanding its U.S. distribution...

Industrial drives commercial real estate growth

July 26, 2023 -- Strong industrial demand is here to stay and is driving commercial real estate growth, says Brown Commercial Group Broker Candace Scurto in a recent REJournals article. Scurto was asked to weigh in on the state of the industrial market at mid-year and why this sector continues to deliver strong returns. Here's...

Candace Scurto hits top price, closes 4 industrial deals

July 20, 2023 -- Broker Candace Scurto recently completed four Chicago industrial deals totaling 41,870 square feet, working with businesses and investors that were expanding, relocating and looking to maximize their investments. In one notable transaction she achieved a record price per square foot in Elk Grove Village, IL. Scurto represented the seller of a...

Trinity Scurto: Mid-Year Industrial Market Update

July 2023 Industrial Market Update By Trinity Scurto, Partner Here's an industrial market update as we head toward the second half of 2023. We are seeing a slight uptick in availability of industrial space in some submarkets, yet there is still strong demand and a rush to secure space. Our most recent industrial market update shows Cook County...

Mid-Year 2023: Chicago industrial Outlook

  July 2023 --2023 Mid-Year Report Tips for Navigating the Chicago Industrial Market The Chicago industrial market is complex -- with strong tenant demand and many investors trying to secure space in a competitive market. At Mid-Year 2023, here are tips from Brown Commercial Group on how to navigate the market. Stay up-to-date with the latest developments in...

Brown Commercial: What’s ahead for O’Hare and DuPage industrial?

July 2023 -- Mid-Year Market Overview Strong demand and a shortage of industrial space continues to shape the outlook for Chicago’s industrial sector, according to Brown Commercial Group's analysis of the market at mid-year. With freight traffic seeing double digit increases at the airport and development activity strong in DuPage County, there are many signs of continued...

Trinity Scurto closes O’Hare investment sale

June 14, 2023 -- Chicago's O'Hare submarket is a top industrial submarket that has consistently drawn strong investment and leasing activity. It remains a key location for industrial tenants focusing on logistics, manufacturing and e-commerce activity.  As such, it is a prime location for investors looking for long-term rent growth and price appreciation. As noted...

Transportation Company leases 46K SF in Elk Grove Village, IL

June 1, 2023 -- The O'Hare submarket is the place to be for many industrial and transportation companies. As noted in the Daily Herald,  Brown Commercial Group Broker Candace Scurto negotiated a 46,500-square-foot sublease that will bring Safeway Transportation to 2450 Lunt Ave. in Elk Grove Village, IL. The school bus transportation company will take over...