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 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...
SEPTEMBER 7, 2022 -- Brown Commercial Group Partner Trinity Scurto achieved the SIOR industrial designation awarded by the Society of Industrial and Office REALTORS®. SIOR is a Washington, DC-based international professional organization of more than 3,600 commercial real estate professionals who earned the coveted SIOR designation. As noted in the Illinois Real Estate Journal, Scurto received the designation after...
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...
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...
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...
Commercial Real Estate News Nov. 11, 2021 -- DOWNERS GROVE, ILL. — Brown Commercial Group has brokered the sale of a 74,146-square-foot industrial building in the Chicago suburb of Downers Grove for an undisclosed price. The property is located on Thatcher Road. Mike Antonelli and Trinity Scurto of Brown represented the seller, Premium Investment Properties Inc. Antonelli...
OCTOBER 29, 2021 RE Journals News -- Brown Commercial Group negotiated a 81,079-square-foot industrial lease at 2 Territorial Dr. in Bolingbrook, IL in Chicago’s South I-55 Corridor. Partner Trinity Scurto represented Lithotype, a commercial printing company, in more than doubling its space with the move. “The tenant is experiencing significant growth and was initially focused on finding...
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...
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...
