Suburban Chicago

Bradford Allen Executes Expansion and Lease Extension on 21,592 square feet at 1900 Spring Road

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CHICAGO, IL – Bradford Allen today announced the completion of a 7,539-square-foot expansion and lease extension for US Investment Corporation, increasing the tenant’s total footprint to 21,592 square feet at 1900 Spring Road in Oak Brook, IL. Managing director Norman Murdoch represented the building’s owner, Franklin Partners, in the transaction. “The expansion and lease extension … Read more

Groundbreaking on 301-Unit Mixed-Use Community in Arlington Heights, IL

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Initial phase is part of master-planned community at gateway to suburb ARLINGTON HEIGHTS, IL — Bradford Allen Development Company, part of Bradford Allen, a national full-service real estate firm, along with development partner Moceri+Roszak, today held a ceremonial groundbreaking for the first phase of their mixed-use community at the southeast corner of Arlington Heights and … Read more

Mid-Year 24 Suburban Chicago Office Market Report

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Bradford Allen is pleased to share with you our latest office market report. The second half of the year in the suburban office market: Absorption levels declined as -800,000 square feet was absorbed through the first half of 2024. The direct vacancy rate held steady at 24%. Available sublease space on the market decreased to … Read more

CRE Pulse 009: Chicago’s Resilient Suburban Office Market

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Chicago’s suburban office market is undergoing a period of intense transformation. But are the headlines about its unending struggles justified? Our latest report challenges the prevailing narrative, revealing a market filled with opportunities. Dive deeper to uncover insights that redefine the competitive landscape—insights the headlines have overlooked. Read the full article now

Powering Growth: Natural Gas & Illinois Manufacturing with Meena Beyers

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Ronan Remandabran discusses the critical role of natural gas with Meena Beyers, VP of Business and Community Development at NICOR Gas. Meena highlights its reliability and cost benefits, especially for powering Illinois’s growing industrial sector, including new energy-intensive industries. She also shares insights from her career progression from urban planning to energy, underscoring the impact … Read more

BA Development Company Names Michael Cannon as Senior Managing Director

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Former Sterling Bay executive will oversee adaptive reuse, renovation, and new construction of residential and commercial real estate CHICAGO, IL — BA Development Company today announced industry veteran Michael Cannon has joined the firm as senior managing director, overseeing adaptive reuse, renovation, and new construction of residential and commercial real estate. Before joining BA Development … Read more

Year-End 23 Suburban Chicago Office Market Report

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Bradford Allen is pleased to share with you our latest office market report. The second half of the year in the suburban office market: Leasing activity remained above pre-pandemic levels with more than 5.2 million s.f. leased through 2023. Absorption remained negative with -930,000 s.f. absorbed through the back half of 2023, resulting in -1.2 … Read more

Bradford Allen Names Jennifer Murphy as President of Management Services

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20-year veteran of property and construction management will oversee firm’s national office portfolio CHICAGO, IL — Bradford Allen, a national full-service real estate firm, today announced Jennifer Murphy has joined the firm as president of management services. In this role, Murphy will be responsible for managing Bradford Allen’s growing portfolio of office properties in Chicago … Read more

Bradford Allen Submits Plan for 300-Unit Mixed-Use Development in Arlington Heights, Ill.

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Along with new medical office building, project to help revitalize neighborhood with apartments and retail CHICAGO, IL — The development arm of Bradford Allen, a Chicago-based national real estate investment advisory, has formally submitted plans for a mixed-use development in Arlington Heights, Ill., to village officials. Located just north of Interstate 90, at the southeast … Read more

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