Real Estate Advisory Services, Chicago


Stephanie Hedrick, CFO at Seneca Real Estate Group: We do more than lease, manage and sell property for clients, We are advisers from A to Z on their Real Estate Transactions.

 

There are two distinct parts of the Seneca approach to sales, leasing and management of property.

 

Stephanie Hedrick describes the very important second part. “We work hard during the due diligence period. We review everything including analyzing the entire scope of the transaction up to and including the condition of the property to confirm the operating income and projected cash flows. We work with all the professionals; lenders, attorneys, title companies helping our clients close their deals. Then, once under property management, we keep working with a focus on maximizing revenue and controlling operating revenues to increase cash flow and ultimately the asset value. We understand that tenant satisfaction and reducing vacancy cost is the key to maximizing cash flow and asset value. Seneca Real Estate Group.”

 

Thomas Morabito President of Seneca Real Estate Group shares “The second half of what we do for clients is the back office service and the reporting for our clients. Moving from the brokerage side to the back office services is a unique and valuable benefit and edge that Seneca provides and there’s no one more capable of seeing to it that we’re maximizing that asset value than Stephanie and her team.”

 

To reach Stephanie Hedrick please email shedrick@seneca-re.com or call 312/327-2700 x 228.

 

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

Seneca Condo awarded management contract for Kinetic Lofts at Rainbo Village on Historic Uptown site.

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Seneca Condo, a division of Seneca Real Estate Group has been awarded the management contract for The Kinetic Lofts at Rainbo Village Condominium Association in Uptown. The Kinetic Lofts of Rainbo Village is a collection of 88 condominiums in two five-story, 44-unit buildings.  The buildings are situated on top of an underground parking garage.  This creative design provides an acre of open space between the buildings.  The contemporary soft loft Units feature open, floor plans with spacious 10-foot ceilings.

 

Seneca Condo Director of Condominium Management Brian F. Lozell, CPM states, “The Kinetic Lofts at Rainbo Village is located where Andersonville and Uptown meet.  This eclectic neighborhood has a great natural buzz going. People want to live here and experience the excitement and the convenience of this premier property.  Managing this condominium association is a great opportunity for Seneca Condo.”

 

The Kinetic Lofts at Rainbo Village Condominium Association has a vibe that stems from its historic location.  A century ago, the Rainbo Gardens housed a ballroom with rainbow-colored lighting. It was the place to be for anybody who was anybody. It evolved over the years into a skating rink, bowling alley, movie theater and a bar. In the 1960’s, it became home to the Electric Theater and Kinetic Playground, hosting many future rock ‘n’ roll stars early in their career. The Who, Rolling Stones, Led Zeppelin, Jefferson Airplane, Janis Joplin and many others graced this ground on their way to rock infamy!

 

To reach Brian F. Lozell, CPM call 312/327-2700 x 314 or email bflozell@seneca-re.com.

 

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, Thomas 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

Seneca Property & Asset Management Awarded Management Assignment at Fabyan Randall Crossing in Batavia, IL

Property Management Batavia, il Fabyan Randall Crossing Plaza

 

Seneca Property and Asset Management, a division of the Seneca RE Group, has been awarded the property management contract for Fabyan Randall Plaza. Located at the intersection of Fabyan Parkway and Randall Road in Batavia, the shopping center contains nearly 100,000 sf of retail space. National and regional retailers include Walgreens, Trader Joe’s, Lumes Pancake House, Smashburger, Sports Clips, Edward Jones and Papa John’s.

 

Seneca Real Estate Group President Thomas Morabito stated, “We’re pleased and excited to be managing this outstanding property. The location is ideal. The current tenants are great companies, many of whom we’ve worked closely with in other locations. We’re very much interested and aggressively growing our Property Management division at Seneca. Our mission continues to be to add value to any piece of real estate we touch.” He added, “We’re part of a very professional team at Fabyan Randall Plaza, with Cushman & Wakefield leasing the property. Value added management makes for happy and satisfied tenants. Satisfied tenants and a great location are key factors in successful leasing.”

 

The owners of the property are Netco Investments, Inc. of Dallas, TX, who purchased the property in early 2016. The acquisition was a joint venture with Capital Real Estate Advisors in Los Angeles.

 

For information regarding Property Management, contact Thomas Morabito, President, Seneca Real Estate group atat tmorabito@seneca-re.com or 312-327-2700 x222                           

 

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, Thomas 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

The Seneca Real Estate Group Advantage; June issue of Northern Illinois Real Estate Magazine highlighting Industrial Real Estate

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The Seneca Real Estate Advantage Is In How We Do, What We Do

by Thomas Morabito, President, Seneca Real Estate Group

 

For us, the key is to remember that we are a service-oriented business that happens to be in the real estate business: property management, leasing, brokerage, advisory services for clients in the acquisition business, and all of the due diligence required to assist clients in the most comprehensive way possible. There is added value to the experience we bring. We own real estate, so we understand the relationship. We are a service-first company.

We do more than just lease, manage, and sell industrial/business space. We provide the back office services across the board to ensure that every element of maximizing the asset value is realized. One thing every property owner has in mind is that the property must be successful. For example, retention is the key to any real estate investment. It is crucial that we maintain personal relations with all tenants. While we utilize technology to facilitate efficiency, the success of a tenant staying or leaving usually rests with how well we have communicated with them over the course of their term, and how well we have served them. We strive on a daily basis to find the balance in serving tenants, as well as serving our client.

While maximizing asset value is the primary objective, not all properties or clients are the same. They vary. It’s our focus to truly understand everything about the client and the property to find the absolute best fit that allows that property to achieve the greatest asset value it has the potential to provide.

 

 

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