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...
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...
Industrial Market Trends Q3 2022 Chicago's industrial market recorded a strong third quarter, with rental rates jumping an unprecedented 13 percent and the vacancy rate reaching a new low of 4.54% (and even lower in O'Hare and other submarkets). Among the key industrial market trends to watch are: Interest rates -- Industrial fundamentals remain strong, but rising interest...
December 2022 -- The I-55 suburban industrial market continues to draw growing businesses that are seeking access to Chicago's industrial market and transportation routes that provide connection to surrounding Midwest and National markets. Here's a look at a recent industrial transaction that shows the market dynamics and the importance of having a strategic real estate...
Posted on November 17, 2022 by Kristin Hiller in Illinois, Industrial, Leasing Activity, Midwest Industrial Leases Signed in Suburban Chicago HODGKINS, ILL. — Brown Commercial Group announced that two industrial leases were signed totaling 131,605 square feet at 7335 Santa Fe Drive in Hodgkins, a southwest suburb of Chicago. Pioneer Service Inc. leased 61,355 square feet and M&M Quality Grinding Inc. leased 70,250 square feet....
Nov. 15, 2022 -- Brown Commercial Group has completed lease negotiations that will bring two manufacturing businesses into one 131,605-square-foot building in Chicago’s I-55 Corridor. Partner Mike Antonelli represented Pioneer Service, Inc. and M&M Quality Grinding, Inc. in a comprehensive site selection, market analysis and lease negotiations that will allow both companies to move into 61,355 square...
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...
