Five Elements Home Opens on Clybourn in Lincoln Park

Five Elements Home - 2 Five Elements Home - 1

Five Elements Home, a new home furnishings purveyor offering handsome products made with natural materials and the highest quality craftsmanship has opened at 2216 N Clybourn Ave., in Chicago.

“We looked for quite some time to find the ideal location that would showcase the owners’ beautiful product line,” said Joe Padorr, principal of Seneca Real Estate Group who represented the Tenant.

Guided by the philosophy of the Five Elements, or wŭ xíng, collections change in harmony with the dynamic rhythms of nature. Seasons, colors, and temperatures progress throughout the year, as do the collections of Five Elements Home, with colors, patterns and materials reflecting the ever-changing and interconnected balance of nature, or fēng shuǐ.

Ryan Schnell of Conlon Commercial represented the Landlord in this transaction.

To discuss opportunities in Seneca Commercial Leasing, contact Joe Padorr at jpadorr@seneca-re.com or call 312-327-2700×229.

 

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FB/TW/G+/LinkedIn lead in: Commercial Lease for Five Elements Home in Lincoln Park. Details Here…

 

Athletico Signs Lease in Round Lake Beach, Illinois

Commercial Lease Athletico Round Lake Beach il
Athletico Round Lake Beach

Athletico has signed a long term lease on 4,000 sf at 192 Rollins Road in Round Lake Beach, a northwest suburb of Chicago.  “What made this deal unique is that Athletico is taking a former Car-X Auto Service facility,” said Joe Padorr, principal of Seneca Real Estate Group who represented the Landlord in the transaction.  “This repurposing requires a complete renovation of the space to deliver a fully functional, turnkey rehab center,” Padorr said.

The Rollins Road corridor in Round Lake Beach has seen significant retail development over the past year.  Meijer, their first store in Lake County, will be opening this summer.  And other area tenants include Kohls, Home Depot and many national branded retail stores and QSRs.

Athletico has facilities throughout Arizona, Illinois, Indiana, Iowa, Michigan, Missouri, Ohio, South Dakota and Wisconsin, and employs over 4000 clinical and administrative staff, and offers more than 40 specialty rehabilitation, outreach, and fitness services.  Their team of specialists includes physical therapists and occupational therapists, physical therapist assistants, certified athletic trainers, personal trainers, strength and conditioning specialists, and massage therapists.

Athletico, which will open early this fall, was represented in this transaction by Dallas-based Swearingen Realty Group.

To discuss opportunities in Seneca Commercial Leasing, contact Joe Padorr at jpadorr@seneca-re.com or call 312-327-2700 x229.

 To Connect with Seneca Real Estate

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Blog: https://senecareblog.wordpress.com/

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SENECA CONDO AWARDED MANAGEMENT CONTRACT AGENT FOR 4 EAST ELM.

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Chicago-based Convexity Properties has awarded the contract to act as managing agent for 4 East Elm to Seneca Condo, a division of Seneca Real Estate Group, Chicago. The luxury residential property has 35 condominiums at 4 East Elm in Chicago, featuring full and half floor residences of 3095-3135 sf, 3 bedrooms and 3.5 baths. The building’s location in the gold coast features prestigious shopping and dining steps away, as well as an array of amenities including; secure indoor garage parking, dedicated north and south elevators with secure keycard access to individual property owner’s floor, 15′ ceilings in the lobby, 24 hour Door Staff, landscaped sundeck with several seating areas, outdoor pool and spa, conference area, full kitchen, living room area with comfortable seating and TV, screening room with plush theater seating and state-of-the-art A/V system, fitness center with cardio equipment, free weights and stretching area. 4 East Elm is also a LEED Certified Building.

 

“This is an absolute first-tier residential property that offers owners the opportunity to enjoy a 5 Star Hotel lifestyle everyday” stated Jeremy Kerman of Convexity Properties, adding “with such an exceptional new construction project at this address, amidst some of the most upscale shops and restaurants in the world, choosing an agent to manage this property and meet the needs of these residents was a huge decision. We chose Seneca Condo for their outstanding experience and their approach to managing high-end properties. They get it.”

 

Brian F. Lozell, CPM of Seneca Condominium Management spelled out the important components of managing a property of this caliber. “Responsiveness, Assign a comprehensive team of professionals to the property, have the best engineering, the best service professionals, and assure your Door Staff is at the highest level of knowledge and security”, is how Lozell defines it. “Convexity has a very high standard of how they wish this property to be portrayed, and that is of a 5 Star Hotel. It’s our responsibility to put that team together and manage this very prestigious property precisely that way on a day to day basis. As a boutique company that performs this work in the Gold Coast and elsewhere, we understand and were very anxious to accept this responsibility. It’s exactly what we do. We’re obviously very pleased to be chosen.”

 

Chicago-based Convexity Properties is an affiliate of DRW Real Estate Investments, the real estate arm of DRW Holdings. Convexity and DRW Real Estate Investments have successfully developed and recapitalized a number of high-profile retail, residential and hotel properties both in Chicago and throughout the United States. Recent projects include the retail redevelopment of the Esquire Theater at 58-104 E. Oak Street, a luxury apartment tower and Loews Hotel in Streeterville, and the Hotel Jerome in Aspen, Colorado.

 

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, Thomas Morabito and Joe Padorr, allows Seneca Real Estate Group to maximize both the intrinsic and actual value of all the properties they touch. BrianLozell is the Director of Condominim Management for Seneca Condo, a division of Seneca Real Estate Group. Mr. Lozell is also the Chicago Chapter President of IREM.

To Connect with Seneca Real Estate

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Seneca announces Lozell, Director of Seneca Condo, as Elected President of Chicago Chapter of IREM

 

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Brian F. Lozell CPM, was named President of the Chicago Chapter of the Institute of Real Estate Management (IREM) for a one-year term. The Chicago chapter is the largest of the chapters in the world. IREM includes chapters in the Asian Pacific, South America, Europe, Canada as well as chapters throughout the US.

Mr. Lozell is currently the Director of Condominium Management at Seneca Real Estate Group in Chicago and has been successfully managing condominium associations in Chicago for nearly 20 years with a proven track record including luxury hi-rise buildings, exclusive vintage properties and townhome associations. Prior to Seneca, Brian was Vice President of DK Condo, a Draper and Kramer Company, where he oversaw a portfolio of 12 condo associations ranging in size from 27 to 440 units with operating budgets up to $3.6 million. His responsibilities include negotiating vendor service and capital improvement project contracts, functioning as liaison between Board of Directors and Developers, ensuring regulatory compliance with municipalities including the City of Chicago and Collective Bargaining Agreements with local labor unions.

At IREM, Lozell serves on the National Ethics Board and the Ethics Appeals Board. He has served as an Ethics Instructor regionally for IREM. Ethics in the real estate management industry continues to be a vital issue for Lozell. He considers IREM to be the gold standard for his industry. Ethics and Education are two of the most defining keystones for the organization.

Seneca Real Estate President Thomas Morabito considers Brian to be an extremely important member of the Seneca Team. He states, “Brian consistently preaches about ‘Duty to Client’, and how important it is to meet the goals and objectives of the property owners while maintaining high satisfaction within the associations. He has increased the awareness of what ‘ethical property management’ truly means, both here at Seneca and as President of the Chicago Chapter of IREM”. Morabito adds, “When we added this business to our portfolio, we knew Brian Lozell was the foundation we could build this division of our company on. He’s just that experienced and that solid”.

Why Seneca? Brian’s answer is pretty straight forward. “Seneca has the ability to be more nimble and responsive in an industry that is demanding that kind of ability more and more. Seneca is also committed to ethical practices in the real estate industry. That’s the most important thing to me.” As for his elevation to President of the Chicago Chapter of IREM, he says, “It’s a privilege to serve. This is an entirely volunteer effort and as an officer it’s takes a significant commitment of time. But, I believe in everything we’re doing locally, nationally and globally in the real estate management business.” An added benefit he shares is “having experience and background for so long, and my long term involvement as a member of IREM means we have access to outstanding resources; the top engineers, architects and all other professionals. I can leverage those great relationships for our clients at Seneca Condominium Management“.

Brian Lozell, CPM is a member of the Events Committee for the Apartment Building Owners and Managers Association (ABOMA) and a Licensed Association Manager in Illinois and a Licensed Community Association Manager in Florida.

 

To Connect with Seneca Real Estate

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Seneca Group announces the merger of the property management division of RN Realty

Handshake

Seneca Real Estate Group President Thomas Morabito is pleased to announce the agreement for Seneca Property and Asset Management; a division of Seneca Real Estate Group, has merged the property management portfolio of RN Realty into the Seneca Property Management portfolio.

“It’s really a great strategic fit for us that includes real estate assets that we have high specialization in; institutional quality office space in the Loop, much of it loft style space that companies are preferring, excellent retail properties that include national retail tenants from mid-size to large scale, and premium location industrial space. It’s a great portfolio with varied and special needs that Seneca has been specializing in”, stated Mr. Morabito. He added, “It’s really a win for all concerned and the timing is perfect. Seneca provides all of the services and resources that Leigh Rabman, President/Owner of RN Realty, was looking for in finding an appropriate place for this portfolio of varied property uses and features.”

On the topic of Acquisition of Property Management Businesses, Seneca’s Morabito said, “We’re very active in the acquisition of property management businesses that fit within our portfolio. We’re also very pleased to have Leigh Rabman continuing as an adviser with us on this important portfolio of properties. The whole key is a smooth and efficient transition. Our goal is to make it seamless. These kind of winning opportunities are out there and we’re interested in adding to this division of Seneca’s Property Management business on an ongoing basis.”

For more information, contact Thomas Morabito, President, Seneca Real Estate Group tmorabito@seneca-re.com or312.327.2700 x222  

 To Connect with Seneca Real Estate

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“Seneca Real Estate Group is a service-first company that just happens to be in the Property Management business” – Seneca President Thomas Morabito.

 

Thomas Morabito says it, and then he says it again. And again. “We are a service-first company”. Every person at Seneca Real Estate Group repeats this mantra early into any discussion. From Brokers to Account personnel, and from Principals to Admin specialists, the service element of what the company provides is the very first priority. So, whether the client focus is on Property Management, Leasing, Property Asset Management, Condominium Management or Advisory Services, due diligence and value to the client are at the very top of the “to-do” list for the Seneca Team.

 

“It’s our practice to go beyond what a normal Real Estate Company, Brokerage Firm or Management Company would do” says Morabito, adding “We own property, we understand the important nuances of what an owner would expect and how that affects the management of a building, and how that in turn affects leasing. All of that has an impact on how we develop strategy together with our clients on how to best effectuate our goals and maximize the return on the asset as well as maximizing the overall value of the building”.

 

It all starts out by being a Service-First Company. That means instilling kindness, generosity, honesty and responsiveness in each of our people. We constantly remind ourselves that this is how we truly differentiate ourselves from every other real estate firm in the city and beyond.

 

For information on Property & Asset Management, Condominium Management, Commercial Leasing, Residential Leasing, Investment Sales or Real Estate Advisory Services, contact Thomas Morabito, President, Seneca Real Estate Group tmorabito@seneca-re.com or312.327.2700 x222  That will begin a Service-First experience.

 

To Connect with Seneca Real Estate

Website: http://www.seneca-re.com/

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Seneca Welcomes Broker Mirlinda Vula to Real Estate Group

Mirlinda Vula Seneca Real Estate broker
Mirlinda Vula Joins Seneca Real Estate

June 9, 2016, Chicago, Il— Joe Padorr, Principal & Director of Commercial Leasing of Seneca Real Estate Group announced the hiring of Mirlinda Vula to the firm. Vula brings over 14 years of Chicago area real estate knowledge and experience to the Chicago based firm, having transacted over 600 commercial and residential real estate transactions to date. Her experience has ranged from selling vacant parcels up to negotiating new construction high rise developments. A Chicago native, who grew up on Printer’s Row and worked in her family’s business in Dearborn Station, Vula was raised in a rapidly evolving real estate environment. Her depth of knowledge with regard to Chicago real estate is an overwhelming benefit to clients considering the city for buying or leasing property.

Vula’s tenure also includes international experience as she lived and worked in London for four years, including serving as an international relocation specialist for Hampton’s International Realty. Her responsibilities included negotiating on behalf of an international group of executive level clients. That experience enabled her to develop key relationships with clients and investors from London, Paris, Hong Kong, Mexico City and Sao Paulo, Brazil. Vula possesses outstanding communication skills, and has an impeccable record for providing the highest level of professional service for foreign investors.

Chicago is her territory of choice. Now residing downtown, she has strong ties to the communities; North Shore, West Loop, River North, Gold Coast, South Loop, and beyond. With vast experience in all types of property transactions, her focus as a broker at Seneca will be assisting clients with leasing or purchasing commercial retail or investment property. “Mirlinda’s resourcefulness and extensive network has advantages over any complicated or difficult transaction turning the deal into a successful and seamlessly smooth experience for all involved parties. Her benefits have proven to positively impact negotiations. She truly is an invaluable asset within the industry and client base” stated Joe Padorr, Principal and Director of Commercial Leasing at Seneca Real Estate Group. He added, “We feel fortunate to have Mirlinda here at Seneca merging her skills and experience with our existing resources for the benefit of our clients and prospective clients.

About Seneca Real Estate

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.

 

To Connect with Seneca Real Estate

Website: http://www.seneca-re.com/

Blog: https://senecareblog.wordpress.com/

Facebook: https://www.facebook.com/SenecaRealEstateAdvisors

Twitter: https://twitter.com/senecaregroup

LinkedIn: https://www.linkedin.com/company/seneca-real-estate-advisors