Seneca Real Estate Group Brings Taco Bell to Loyola Sub-Market

http://www.dnainfo.com/chicago/20150818/rogers-park/taco-bell-open-loyola-location-morgan-former-red-mango-spot

ROGERS PARK— Undecided college freshman may want to give Loyola University a second thought before it’s too late — because come this winter, they could be among the first class of a brand new Taco Bell’s Chicago alumni.

Tuesday it was announced that the national taco (and now breakfast) chain, known as pioneers in the late-night “fourth meal” movement, signed a 10-year lease at the former 1,413-square-foot Red Mango space as part of The Morgan at Loyola Station, 6460 N. Sheridan Rd.

Joe Padorr, of Seneca Real Estate Group, said while there was not yet a solid opening date, the franchisee hoped to open by the end of the year.

“The Loyola area sub-market was a strong focus for Taco Bell because restaurants do particularly well among the college-aged, late-night crowd,” Padorr said.  “And of course this will give Loyola’s dynamic community even more dining options.”

Work has yet to begin on transforming the space into an official Taco Bell, Padorr said.

Padorr also said the franchise owner is “an experienced group with multiple” fast-casual dining brands.

Check back as this taco-related development unfolds.

 

Seneca Represents Landlord in West Town Property Leases

Seneca represents Lake Industrial Park LLC in Chicago West Town leases

Seneca Real Estate Group’s principal and director of marketing and leasing, Joe Padorr, represented landlord Lake Industrial Park LLC in the lease of 2,262 square feet at 1948 W. Lake Street to Big Shoulders Coffee Roasters. Will Crowden and Allen Joffe, Baum Realty, represented the tenant.

Padorr also represented the landlord in the 2,250 square-foot expansion of the existing 5,500-square-foot La Fournette bakery and distribution center at the same property.  The tenant was not represented.

– See more at: http://www.rejournals.com/2015/08/04/seneca-represents-lake-industrial-park-llc-in-chicago-west-town-leases/#sthash.VqTH42lh.dpuf

Seneca Continues Leasing Activity in Southport Corridor

Seneca Real Estate Group’s Joe Padorr repped Harris Properties in a 10-year lease at 3357 N. Southport to Chicago Medical Health Group. The single-story retail building, which was completed last year, features scissors trusses to allow for high ceilings and skylights. Transwestern’s Patrick Owens repped Chicago Medical Health Group.

Read more Here.

Seneca Property & Asset Management Retained by Mark IV Realty Group, Inc.

Property & Asset Management chicago il

Seneca Real Estate Group has been retained as property manager by Mark IV Realty Group, Inc., for three residential properties in Chicago’s Lincoln Park and North Center neighborhoods.

Continue reading

Seneca Represents Landlord in West Town Property Leases

Landlord / Owner Property Leasing West Town

Chicago (July 30, 2015)Seneca Real Estate Group’s principal and director of marketing and leasing, Joe Padorr, represented landlord Lake Industrial Park LLC in the lease of 2,262-square-feet at 1948 W. Lake Street to Big Shoulders Coffee Roasters. Will Crowden and Allen Joffe, Baum Realty, represented the tenant.

Padorr also represented the landlord in the 2,250 square-foot expansion of the existing 5,500 square-foot La Fournette bakery and distribution center at the same property. The tenant was not represented.

“The ever-expanding west loop gentrification, highlighted by a variety of high profile deals, is now reaching Damen and beyond,” said Padorr. “The new development activity surrounding the United Center has been a catalyst in this westerly push and it’s just a matter of time until the near west side sees similar commercial and residential growth as the west loop experienced.”

Seneca Real Estate Group is a real estate advisory and management company that provides leasing, brokerage and asset management services to mid-market residential, condominium and commercial (office, industrial and retail) properties in and around Chicago. A roll-up-your-sleeves, hands-on approach of a mid-sized firm coupled with the big business expertise of the company’s founders, Tom Morabito and Joe Padorr, allows Seneca Real Estate Group to maximize both the intrinsic and actual value of all the properties they touch.

 

 

 

 

 

 

Possible Consequences of Inadequate Tenant Screening

Tenancy Agreement image chicago il

Your property management team should be running a very tight ship when it comes to performing tenant screenings. A tenant screening consists of four parts:

Continue reading