Related Midwest to Open Sales Center in West Loop

Chicago Commercial Property, Related Midwest

 

To assist in the company’s leasing efforts for their new luxury West Loop apartment development, Related Midwest has leased 1,000 sf retail space at 910 W. Van Buren, one block from the development.

 

Joe Padorr, principal of Seneca Real Estate Group, represented the Landlord. Tenant represented themselves.

 

For information on commercial leasing, contact Joe Padorr at  jpadorr@seneca-re.com or call312.327.2700 x229.

 

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

New Look Laser Med Spa Signs Lease in Lincoln Park

Chicago Commercial Property, New Look Laser Med Spa-Lincoln Park

 

A new 5-year lease was signed at 2632 N Lincoln Avenue in Lincoln Park with New Look Laser Medical.  The skincare and wellness medical facility with one suburban location has expanded into the city and is replacing long-term tenant, Massage Source, at this 1,500 sf location.

Joe Padorr, principal of Seneca Real Estate Group, represented the Landlord in this transaction.  The Tenant was not represented.

For information on commercial leasing, contact Joe Padorr at  jpadorr@seneca-re.com or call312.327.2700 x229.

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 Gets Leasing Assignment for New Construction in Ravenswood

 

Chicago Commercial Property, RavensView

 

The owner of Ravenswood’s newest commercial property has hired Seneca Real Estate Group to handle leasing duties for this building.  The property, called RavensView, is in the final phase of construction with completion projected by early Fall 2016.  “Ravenswood has long been home to many manufacturing, warehouse and other industrial users,” said Joe Padorr, principal with Seneca Real Estate Group.  “But over the last several years the area has attracted a strong mix of office, retail and restaurant tenants. RavensView is an outstanding addition to this submarket.”

 

Located at 4545 N. Ravenswood, the dramatic, four-story RavensView includes 16’ ceiling heights, full floor-to-ceiling windows on the east and west elevations, 5,000+ sf floor plates and two decks…including a roof deck and fifth floor penthouse space with 360-degree unobstructed views. “We built to the maximum height allowed by code to provide prospective tenants with dramatic views and make the property stand out among the more traditional commercial properties in the area,” Padorr said.

 

While office users will be the most likely tenants for the upper floors, the 7,500 sf first floor will be more attractive to restaurants, brew pubs and other retail tenants as Ravenswood continues to attract these types of businesses.

 

For information on commercial leasing, contact Joe Padorr at  jpadorr@seneca-re.com or call 312.327.2700 x229.

 

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

We come at things from an owners perspective.

 

 

Joe Padorr explains how the Brokerage side of Seneca Real Estate Group offers a heightened perspective because they come from a Developer’s mindset. Most brokers function as matchmakers putting buyers and sellers together, tenants and landlords together, which Seneca obviously does as well. However, as Joe explains, Seneca does it with a greater degree of authenticity, because of a keener understanding of the property owner.

 

“We’re true to our word and completely honest; and we work hard. We’ve got to find the right tenants for the right landlords and the right buyers for the right property owners. We aren’t just interested in getting a deal done for a deal’s sake. It’s gotta be right”, according to Joe Padorr, Principal & Director of Leasing for Seneca Real Estate Group.

 

To contact Joe, call 312.327.2700 or jpadorr@seneca-re.com  He’s ready to assist you.

 

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 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