Seneca Leases Lincoln Park Space to Orange Theory Fitness

lincolparkspace

 

Orange Theory, one of the nation’s hottest fitness facilities, has leased 4,000 sf at 2209 N Halsted in Lincoln Park.  Joe Padorr, principal of Seneca Real Estate Group, represented the Landlord in the transaction and Nathan Tonnies of Metro Commercial Real Estate represented the Tenant.

 

“Orange Theory will be a great addition to the area and we were pleased to be able to complete a lease with them,” Padorr said.

For information on Commercial Leasing, contact Joe Padorr atjpadorr@seneca-re.com or call 312-327-2700 x 229.

 

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

Binny’s Beverage Depot Expands at Hubbard Woods Plaza

 

image (5)

 

Binny’s, the largest liquor store chain in the Chicagoland area, is again expanding at Hubbard Woods Plaza in Glencoe.  “Two years ago we helped Binny’s expand out of their 2,300 sf “Binny’s Express” space to over 10,000 sf in the shopping center,” said Joe Padorr, principal of Seneca Real Estate Group who represented the Landlord in both expansion transactions.  “Given their success in the center, Binny’s is adding on to their existing footprint and has a long term commitment to serving area residents.”

 

Binny’s and Walgreens are the anchor tenants at Hubbard Woods Plaza, a center that also includes, Dunkin Donuts, Subway, C2 Education and soon JC Licht Paint.

 

Kyle Mayberry of CRM Commercial represented the Tenant.

 

For information on Commercial Leasing, contact Joe Padorr at jpadorr@seneca-re.com or call 312-327-2700 x 229.

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

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.

image11

 

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

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.

 

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

 

 

 

 

 

 

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

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