Cawley Chicago Gives Back

This past weekend on Sunday August 21st, Cawley Chicago volunteered and sponsored the Hinsdale Community 3 on 3 Basketball Tournament and Party in the Park hosted at the Hinsdale Community House. The event benefited the Hinsdale Community House, a non-profit that serves the surrounding community with athletics, arts and culture, counseling, education services, volunteer opportunities, and community connections. The Cawley Chicago team assisted with set up, court monitoring, and bracket monitoring. The event was a success and was enjoyed by volunteers and participants alike. Cawley Chicago is committed to making a difference in the community.

Cawley Gives Back

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Cawley Chicago’s Listing Part of Romeoville Welcoming $200 Million More in Investment

Original Article Published: July 12, 2016 | mySuburbanLife.com | Mike Mallory

Cawley Chicago Real Estate is proud to be part of a deal that will bring significant improvements to Romeoville’s industrial sector. The property, mentioned in today’s highlighted article, is located south of the intersection of Route 53 and Joliet Road.

Pic for Blog postAccording to the article originally published in, “mySuburbanLife.com”, the Romeoville Village Board is reviewing several properties that could bring a combined investment of about $200 million of which $179 million is industrial space. The largest property is referred by officials as the “Lambrecht Property” which is currently listed by Cawley Chicago Real Estate located south of intersection Route 53 and Joliet Road.

Abbot Land Gateway, LLC is slated to redevelop the area with plans to improve the industrial yard, manufacturing and there are plans for a travel center, convenience store, restaurant, and plans to link an internal road with Enterprise Drive.

Read Original Article

 

 

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Thinking Outside the Box in Commercial Real Estate.

What do you see when you drive past an empty work plant or see an empty terrace? Maybe you see potential for a new type of work space and a garden?

The following articles highlight two visionary ideas: transformation of an industrial space and enhancement of office terraces.

Former Chicago Sun-Times Printing Plant Transformed into State-of-the-Art Data Center for QTS

Original Article Published: July 19, 2019 REjournals.com   |   Reprinted by: Cawley Chicago 7/25/2016

QTS-Chicago-Data-Center-data-hall-1-1024x306

Data Center for QTS Realty Trust

Mortenson Contruction and QTS Realty Trust have revived the empty Chicago Sun-Times printing plant in Chicago’s Pilsen neighborhood as a high-tech hub for the digital economy. In addition to other changes, they reconstructed new office space and shared “touchdown” rooms near the data hall so clients can work close to their computer operations when necessary instead of going back to their offices. Other amenities include first- and second-floor break-rooms, with plans for an onsite gym.

Read Original Article

Too Nice a Day to Stay in the Office? Then Don’t.

Original Article Published: July 19, 2016 | by: C.J. Hughes  |  New York Times  |   Reprinted by: Cawley Chicago 7/25/2016

Terraces Together

(L) Terrace of the American Association of Advertising Agencies Offices  (R) Rendering of One Soho Square

New York is taking a fresh look at terraces, despite a climate in which workers can hardly depend on sunny days and space constraints that can make direct rays hard to find. And developers are taking on the challenge of squeezing in such spaces. “Everybody needs a little twist, and terraces add a lot of appeal,” said Palmer Sealy III, who handles office leasing for TF Cornerstone, a landlord that added planters, seating and tropical-wood decking to a formerly windswept roof at 387 Park Avenue South.  New buildings are embracing the urban outdoors, like 34 East 51st Street, a 20-story edifice that was designed by Skidmore, Owings & Merrill and developed by Sedesco, a Turkish firm. Terraces there include a shareable version on the seventh floor that abuts a juice bar and TV area.

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Office Market Climbs in 2nd Quarter

Original Post: Bisnow.com 7/8/2016 | Reprinted by: Cawley Chicago 7/11/2016

Column by: Champaign Williams, Bisnow 

Good things are happening in the Office Market and we, at Cawley Chicago Commercial Real Estate, are eager to share the positive news.  According to the Bisnow article highlighted below, many businesses are now looking into secondary markets, “trying to tap into new talent pools”. As Chicago’s Submarket Specialists, Cawley Chicago, is positioned well to meet your commercial real estate needs.

Up Chart

Original Article

The office market climbed in Q2, and industry experts predict it will continue to work its way back from the traditional first-quarter dive to full performance by the middle of the year.

US office vacancies dropped below 16% in Q1 and declined by 10 basis points, the lowest rates since the recession started seven years ago. The increased leasing for Q2 was mostly due to a 46% increase in tenant growth, such as corporate expansions and growth in certain industries like tech and finance, JLL notes in a recent report. Nationally, there is more than 100M SF of new construction underway, and rents increased by 1% in Q2 compared to the previous quarter, National Real Estate Investor reports.

“Large, name-brand firms are opening new offices in primary and secondary markets, trying to tap into new talent pools. In some places, the high-demand urban core is becoming too expensive, and tenants are looking for fringe areas,” JLL VP Julia Georgules says. [NREI]

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Industrial demand pushes boundaries of strong I-55 Corridor

Original Post: www.rejournals.com  ¦ Reprinted by: Cawley Chicago 6/27

Column by Hugh Williams, Principal, Avison Young | Chicago

RE Quote with Hugh Williams

As the mid-point of 2016 approaches, Chicago’s industrial market continues to benefit from strong user demand, especially in distribution and warehousing sectors. This is particularly true in the I-55 corridor, where developers are pushing the geographic boundaries to find land for new buildings.

This submarket has long been a mainstay of big box users locating in Joliet, Bolingbrook and Romeoville to tap into Chicago’s high caliber labor force, strong distribution network and proximity to large population centers. With vacancy rates low and demand still going strong, large users are increasingly more challenged to find suitable spaces – or land for development – along I-55 and surrounding transportation routes.

Where Will and Grundy counties meet is the most viable big-box location within the Chicago Metro area. There is immediate access to America’s second longest transcontinental highway, I-80 and to I-55, which connects the Gulf of Mexico to the Great Lakes. Further differentiating this area is the proximity to the largest concentration of rail/intermodal capability in the US.  These rail sites include CenterPoint’s 3,600-acre facility in Joliet, the 785-acre Union Pacific-Joliet Intermodal Terminal in Joliet, and BNSF’s 621-acre Logistics Park in Elwood.

Read More: www.rejournals.com

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Venture One fund acquires Bolingbrook industrial building

Orig post: www.dailyherald.com | Re-post Cawley Chicago 6/7/16

blog photo-bolingbrook

ROSEMONT — Venture One Real Estate, through its acquisition fund, VK Industrial III LP, has closed on the acquisition of a 101,844 square foot modern industrial building located at 2 Territorial Court in Bolingbrook.

The property is fully leased to Personalization Mall.
The class “A” precast building was constructed in 2001. Amenities of the building include warehouse air-conditioning, 10,000 square feet of office, nine exterior docks and four drive-in doors. While fully occupied by one tenant, the building is designed to accommodate up to four users.

“This was a unique opportunity for Venture One to contract to buy a vacant building and sign a lease during diligence,” said Ryan Stoller, principal at Venture One. “Working with Josh Hearne of Cawley Chicago, we were able to offer an expedited occupancy solution to a great tenant while adding a high quality asset to our portfolio.”

Josh Hearne of Cawley Chicago represented Venture One in the transaction. Steve Stone of Transwestern and Joel Friedland of Brit Properties represented the seller in the transaction.

VK Industrial III LP is a partnership between Venture One and Kovitz Investment Group.

Read more at: http://www.dailyherald.com/article/20160601/business/160609937/

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Six Ways the Supply Chain is Changing Industrial Real Estate

Original Article Posted: May 26, 2016 by: Aswin Mannepalli, Bisnow.com

At Cawley Chicago Real Estate we believe that keeping up with the industry trends is important to thriving in commercial real estate. Knowing how your company supply chain is effecting your needs helps us steer you in the best direction when looking for the “right” property.

This article by, Aswin Mannepalli, with Bisnow,  explores 6 trends currently happening in Industrial Commercial Real Estate.

  1. Sustainability 6-1-16Global:  “Driven by our increasing shift online for retail needs and the demands of global product flows, companies have been fundamentally transforming their supply chains…The modern supply chain is an international affair.”
  2. Big:  “Logistics facilities are getting bigger and offering multiple services for clients.”
  3. Consolidation:   “Operators are looking to merge several Class-B properties into a larger Class-A unit.”
  4. E-Commerce:  “E-fulfillment—the act of translating your buy click to a package at your doorstep—is a process that needs a particular set of requirements from real estate. Given the labor-intensive nature of the task, companies want facilities near a strong labor base, plenty of parking, proximity to customers and shipping channels.”
  5. Last-Mile Delivery:  “Infrastructure that can move product quickly and reliably to the customer, such as a high-capacity road network and well-maintained rail lines, are absolutely essential.”
  6. Sustainability:  Cool roofs and efficient lighting help reduce a warehouse energy footprint effectively reducing costs and making the warehouse a better neighbor.

Read more at: Original Article

 

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