We’d like to thank everyone who came out to celebrate our annual client appreciation event located at Edgewood Valley Country Club. It was a beautiful, sunny afternoon enjoying great food, drinks, “magical” entertainment and exposing your competitive side at our ever popular Bocce Ball Tournament (winners listed below). We are honored to have earned your business and look forward to continued opportunities. We know how difficult scheduling can be, so please mark your calendars for next year’s event on Thursday, September 21, 2017. Thanks again for making this annual event a successful one to remember! See more photos on our Facebook page
2016 Bocce Ball Tournament Champions:
Matt Grusecki – Northern Builders
Michael O’Leary – Cawley Chicago
Stewart Mills – Avgeris Assoc.
Carl Manofsky – True North Investments
Orig Post www.GlobeSt.com | Re-Post Cawley Chicago 9/8/16
In 2015, investors in the US industrial market completed several multi-billion-dollar mega deals. However, in 2016 the investment landscape underwent a change, and by the second quarter, many buyers had switched to the single asset strategy….As of mid-year, smaller trades are outpacing portfolio activity by three to one.
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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.
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.
According 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.
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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
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.
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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
(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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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.
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]
Original Post: www.rejournals.com ¦ Reprinted by: Cawley Chicago 6/27
Column by Hugh Williams, Principal, Avison Young | Chicago
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