Brian Properties, a commercial property management and brokerage firm in Chicago, announces strong commercial property sales and leasing activity through Q2 2023. With several significant property sales and a high volume of new and renewed leases, the company is having a solid year helping investors and tenants find properties and spaces to lease in the Chicago area.
Brian Properties, Inc. Notable Commercial Property Sales
Of the company’s property sales highlights through Q2 of 2023, Brian Properties, Inc. announces four significant property sales.
Arlington Executive Court at 2015-2045 S. Arlington Heights Rd. in Arlington Heights sold for $3.3 million. This four-building single-story office complex housed 100,752 rentable square feet (RSF) and was the headquarters for Brian Properties, Inc., leading to the company’s move to a new location for the first time since 1980. The company was the original developer of the property. CBRE represented the buyer.
Mt. Prospect Station at 200 W. Northwest Hwy., Mt. Prospect, IL, sold for $3.6 million. This neighborhood retail property holds 11,010 of rentable square footage (RSF). Brian Properties, Inc. acted as the original developer in 2017 and hired Marcus & Millichap to represent the Seller. The property’s buyer was a local real estate investor.
Federated Foods at 3025 Salt Creek Lane in Arlington Heights sold for $2,405,000. This space offers 40,000 RSF and is a redevelopment opportunity near the future home of the Chicago Bears. Brian Properties, Inc. represented the Seller. The buyer was a local real estate investor.
First Merchants Bank at 7231 W. 171st St. in Tinley Park sold for $445,000. This freestanding retail property offers 1,760 RSF. Brian Properties, Inc. represented the seller and procured multiple offers for this property. The buyer was a local real estate investor.
High Commercial Leasing Activity Through Q2
In addition to commercial property sales, Brian Properties, Inc. also facilitated numerous leases for properties under their management.
Through Q2 2023, the company signed nineteen new leases and twenty five renewed leases for property in their management portfolio.
About Brian Properties, Inc.
Brian Properties, Inc. has a knowledgeable brokerage team with the ability to service the specific needs of commercial real estate investors and tenants. Through their extensive experience in the Chicago market, they can serve clients needing space for lease in office, retail, medical, and industrial buildings.
The company’s services include:
- Comprehensive market studies
- Site selection
- Lease negotiations
- New Construction
- Build to suit
Whether it's a ten-store corner shopping center or a ten-story office tower, Brian Properties' management team has the expertise to do the job. They are an Accredited Management Organization (AMO), meeting or exceeding rigorous standards set by the Institute for Real Estate Management to achieve that designation.
Whether leasing, brokerage, or management services, the company has the commercial real estate Chicago experts needed for real estate investment success.
For more information about Brian Properties, Inc. or investing in Chicago’s commercial real estate, click here.