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 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...
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...
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...
March 7, 2023 -- Despite a significant industrial space shortage, VP of Sales Jim Pietrarosso secured a a 75,072-square-foot Chicago industrial lease in the O’Hare submarket. As noted in Connect Media, the full-building lease will allow Masterpiece International to combine three locations into one, expand its space and improve efficiencies. He represented the New York...
February 21, 2023 -- Brown Commercial Group partner Trinity Scurto represented Advanced Metalcraft in nearly tripling its space in an O'Hare submarket lease. The company, a fabricator of precision metal components and assemblies, is moving from a 15,000-square-foot space in Franklin Park, IL to 44,600 square feet at 110 and 210 Gateway Rd. in Bensenville, IL. “This...
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...
MAY 18, 2021 Brown Commercial Group has negotiated a 31,059-square-foot industrial warehouse acquisition at 1001 Fargo Ave. in Elk Grove Village, IL. Partner Trinity Scurto represented Truck Tire Express in doubling its headquarters space with a move to the O’Hare submarket location. Scurto worked with Truck Tire Express for a year to identify and evaluate suburban industrial...
