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...
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...
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...
March 30, 2022 -- Brown Commercial Group assisted businesses with industrial expansion plans, negotiating five transactions totaling 31,011 square feet in Chicago’s suburbs. These deals signify continued industrial business expansion in the Chicago market. Industrial Expansion Details Broker Maria McNeil represented an electronics recycling company in its lease of 17,200 square feet at 1270 Abbott Dr. in...
March 17, 2022 -- The IL Real Estate Journal recently highlighted 40,045 square feet of industrial news by Brown Commercial Group, which, represented several tenants who are expanding in the market. Here are the highlights of this industrial news story: Broker Candace Scurto represented a private investor in selling a 14,875 SF industrial building at 119 Bond...
Feb. 9, 2022 -- Brown Commercial Group Senior Broker Mason Hezner represented Impact Printers & Lithographers, Inc. in leasing a 15,700-square-foot industrial space at 775 Touhy Ave. in Elk Grove Village. The landlord, Mask Enterprises LLC, represented itself. This transaction was one of five Chicago industrial market transactions the company recently completed, totaling 35,300 square...
DECEMBER 1, 2021 Brown Commercial Group negotiated five transactions totaling 34,476 square feet, including a 5.13-acre property sale in McHenry County that included a four-unit industrial building and outdoor space for transportation parking. Broker Candace Scurto represented a private trucking company in buying the 5.13-acre property at 5219 N. Richmond Road, Ringwood, IL, which has three residential...
