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...
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...
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...
July 5, 2022 -- With a 63,800-square-foot industrial lease in suburban Chicago, Brown Commercial Group negotiated the sixth industrial space expansion for Elgin Recycling, a fast-growing, environmentally-focused company based in Chicago’s suburban market. Brown Commercial Group President Dan Brown has been a strategic real estate advisor for Elgin Recycling for more than 20 years, working to identify and...
June 29, 2022 -- Brown Commercial Group, Inc. continues to see strong activity in the Kane County submarket, recently completing a 31,898-square-foot industrial building sale at 411 Stone Road in St. Charles. Brown Commercial Group Partners Mike Antonelli and Trinity Scurto represented Premium East Properties LLC, a concrete contractor that is expanding its operation and moving from...
April 18, 2022 --Brown Commercial Group, Inc. represented Pat Mooney Saws in its acquisition of a 28,810-square-foot industrial building at 25 W. Official Road in Addison, Illinois. Partner Mike Antonelli represented the distributor and importer of metal sawing machinery, accessories, and saw blades in expanding to a second location. The newly acquired building is across the...
Feb. 14, 2022 -- Brown Commercial Group negotiated a 26,209-square foot industrial building acquisition in Chicago’s West Cook North submarket. Broker Pat Crowley represented a private investor in expanding its portfolio with the purchase of a seven-unit building at 500 N. Mannheim Road in Hillside, Illinois. The multi-unit property is fully leased and located on...
Nov. 30, 2021 Chicago Deal Sheet SALES Premium Investment Properties sold a 74K SF industrial building at 5200-5220 Thatcher Road in suburban Downers Grove to Beco Management. Beco is expanding its industrial portfolio in Illinois with the purchase and plans to secure new tenants for the partially leased building. Mike Antonelli and Trinity Scurto, both with Brown Commercial...
JULY 6, 2021 -- Brown Commercial Group negotiated a three-building industrial portfolio sale totaling 40,000 square feet in Chicago’s O’Hare submarket. Brown Commercial Group Senior Broker Mason Hezner represented a private investor in selling buildings at 825-835 Touhy Ave., 855 Touhy Ave., and 875 Touhy Ave. in Elk Grove Village, IL to Sawmill Property Company. All three...
JUNE 7, 2021 Brown Commercial Group represented sellers in two dispositions totaling 26,563 square feet in DuPage County. Brown Commercial Group Partner Trinity Scurto represented Innovative Rack & Gear Co. in a 20,000-square-foot industrial building sale at 361-365 Balm Ct. in Wood Dale, IL. The buyer was Krumwiede Home Pros., a home remodeling business that will be...
