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...
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...
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...
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...
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...
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...
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...
May 30, 2023 -- Brown Commercial Group Broker Candace Scurto negotiated three transactions in Chicago's busy O'Hare industrial submarket, including a 46,500-square-foot sublease that will allow one business to reduce its excess space and another to secure below market rent. Scurto represented the tenant, Boom Country Tire in subleasing the space at 2450 Lunt Ave. in Elk...
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...
