Local businesses are expanding throughout Chicago, and neighborhood commercial continues to gain strength. We are encouraged by what we saw throughout 2012 and we’re confident that we will continue to see improvement in 2013.
Chicago, IL (PRWEB) January 22, 2013
@properties Commercial recently brokered a number of commercial transactions to close out 2012:
Lee Ffrench, senior broker for @properties Commercial, brokered a 5-year lease for CrossFit Defined at 2750 W. Lawrence Ave., in Chicago’s Lincoln Square neighborhood. Chicago-based CrossFit Defined will move into 9,300 square feet of corner retail space. It is the second location for the Chicago-based fitness facility. Ffrench represented the tenant in the transaction.
Kevin Kelly, senior broker for @properties Commercial, brokered a 7-year lease for Intrigue Dance and Performing Arts Center at 1937 S. Archer Ave. in Chicago’s South Loop. The locally owned dance studio signed on for 5,100 square feet in the retail space of the mixed-use Pointe 1900 development. The project was developed by Dynaprop Development Corporation, which also owns the retail space. Dynaprop was represented by company vice president Howard Adelstein. Intrigue Dance and Performing Arts Center is tripling its space from its previous location at 1234 S. Michigan Ave.
Finally, Pat McGuire, vice president of @properties Commercial, brokered the sale of an industrial building at 6501 N. Avondale Ave., in Chicago’s Edison Park neighborhood. Lane Technical Sales, an LED lighting sales firm, paid $1.3 million for the 38,000-square-foot building, which features two drive-in doors, a truck dock and a 27-car parking lot. McGuire was the sole broker in the transaction.
“Local businesses are expanding throughout Chicago, and neighborhood commercial continues to gain strength,” said Dan Stratis, vice president and managing broker of @properties Commercial. “We are encouraged by what we saw throughout 2012 and we’re confident that we will continue to see improvement in 2013.”
About @properties Commercial
@properties Commercial is a full-service Chicago commercial real estate firm offering leasing and sales, property management, investment-advisory services, and special-asset services for distressed and REO properties. For more information about Chicago apartment building sales and other commercial real estate services, visit http://www.atproperties.com/commercial.
# # #