Bradford Allen Completes 8,900-Square-Foot Renewal Transaction at Tri State International

CHICAGO, IL — Jeffrey A. Bernstein and Laurence B. Elbaum, Principals and Co-Founders of Bradford Allen, are pleased to announce the firm has completed another lease renewal at Tri State International in Lincolnshire. Melinta Therapeutics, an antibiotics company represented by Henry Lee and Max Zwolan of JLL, signed a four-year renewal for 8,876 square feet … Read more

Q1/20 Downtown Chicago Office Market Report

Bradford Allen is pleased to share our Q1/20 Downtown Chicago Office Market Report. This quarter in the downtown office market: Direct net absorption was positive 693,731 s.f. Year over year, direct availability rose from 13.90% to 14.69%. Year over year, direct average asking rates climbed to $42.18 from $41.42. To read the full report, click … Read more

Bradford Allen Represents Summit Expedited Logistics in Lease Extension and Expansion

CHICAGO, IL — Bradford Allen is pleased to announce that Director Matthew Wright has completed a lease extension and expansion on behalf of Summit Expedited Logistics at 55 W. Monroe Street. The Chicago-based, full-service transportation provider has signed a long-term lease extension and will expand their offices on the 35th floor. The expansion provides Summit … Read more

Bradford Allen Completes Seven Lease Transactions to Close Quarter

CHICAGO, IL — Jeffrey A. Bernstein and Laurence B. Elbaum, Principals and Co-Founders of Bradford Allen, are pleased to announce the firm completed seven lease transactions during the week of March 30th. Andy DeMoss, Senior Managing Director, Downtown Agency Services, and his team of Matt Wright and Amy Zelasco completed two new leases and two … Read more

Bradford Allen Promotes Dan Fernitz to Suburban Market Leader

CHICAGO, IL  – Jeffrey A. Bernstein and Laurence B. Elbaum, Principals and Co-Founders of Bradford Allen, are pleased to announce that Executive Managing Director Dan Fernitz has been promoted to Suburban Market Leader. Fernitz, formerly with JLL, joined Bradford Allen in 2017 to lead the Agency Services practice, bringing over 30 years of experience in the commercial … Read more

BA Negotiates 47,500 SF of Deals at 209 W. Jackson

CHICAGO, IL – Bradford Allen is pleased to announce that Andy DeMoss, Matt Wright, and Amy Zelasco have completed seven transactions totaling 47,500 square feet at 209 W. Jackson in Chicago on behalf of Miami-based owner Market Street Real Estate Partners. DeMoss’s team completed seven transactions, including six new deals totaling 35,765 square feet. The new transactions … Read more

Year-End 2019 Suburban Chicago Office Market Report

This year in the suburban office market: Net absorption was positive 331,551 square feet for the quarter, but negative 516,840 square feet for the year.   From mid-year to year-end, direct availability dropped from 25.11% to 24.16%, while direct vacancy rose from 19.16% to 19.55 Overall, the direct asking rate was $24.73 p.s.f.   To … Read more

Q4/19 Downtown Chicago Office Market Report

Bradford Allen is pleased to share our Q4/19 office market reports. This quarter, in the downtown office market: This quarter in the downtown office market: Net absorption was positive 1.12 million square feet for the quarter and positive 2.32 million square feet for the year.    Quarter over quarter, direct availability rose to 14.35% from … Read more

Q3/19 Downtown Chicago Office Market Report

Bradford Allen is pleased to share our Q3/19 office market reports. This quarter, in the downtown office market: Direct net absorption was positive 402,062 s.f., posting a total of 1,257,481 s.f. year to date ear over year, direct availability declined from 14.1% to 14.02% Year over year, gross average asking rates climbed to $42.37 p.s.f. … Read more

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