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 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

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 New Elephant Resale Shop Signs Lease in Reebie Storage Building on Clark

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The former White Elephant Resale Shop has signed a new lease for 3,200 sf for its new store called The New Elephant at 2325 N. Clark St. in Chicago’s Lincoln Park.  “Everyone remembers the original White Elephant at the corner of Halsted and Fullerton” said Mirlinda Vula, Broker, Seneca Real Estate Group, who represented the Tenant in this transaction. “Now they will have a new home in the iconic Reebie Storage building on Clark Street.”

 

The New Elephant (as the White Elephant) has been in business for over 90 years. Proceeds from the sale of donated clothes, home furnishings and odds-and-ends benefit a variety of charitable organizations throughout the city.  The New Elephant signed a 5 year lease.

 

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

Athletico to Open in Channahon, IL

 

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Physical Therapy provider Athletico has opened in the Channahon Commons Shopping Center at 25520 Pheasant Drive.  The Tenant signed a Lease earlier this year for 3,000 sf and a 7-year term.  “Athletico is a great addition to the center,” said Joe Padorr, Principal of Seneca Real Estate Group, who handled the Leasing for the property’s owner.  “We were able to relocate them from their previous Channahon location” Padorr said, “This new location is larger and provides better visibility and access for their patients.”

 

Athletico was represented by Swearingen Real Estate in Dallas, TX and locally by Echo Commercial Realty.

 

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

JC Licht Leases Former 7-11 Space in Hubbard Woods Plaza, Glencoe

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JC Licht Leases Former 7-11 Space in Hubbard Woods Plaza, Glencoe

Paint and home décor store, JC Licht, has leased 2,400 sf in the shopping center in the Hubbard Woods section of Glencoe, IL.  Joe Padorr, Principal of Seneca Real Estate Group, represented the Landlord in this transaction while Steven Baer of Metro Commercial Real Estate represented the Tenant.  “This was a relo for JC Licht, who has been in the Winnetka area for some time,” said Padorr, “And the better visibility, on-site parking, and excellent co-tenancy is what helped convince the Tenant to come to our center.”  JC Licht signed a 10-year lease on the space.

JC Licht has over 30 stores in the Chicagoland area.

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