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Brian Properties, a commercial property management and brokerage firm in Chicago, announces strong leasing activating for Q1 2023. In a time when commercial real estate is experiencing challenges, the company recognizes positive activity for investors and tenants in this sector for buildings under their management.
During Q1, Brian Properties signed 12 new leases for properties within the company’s management portfolio. These leases included one industrial property, two new multi-family property leases, four new leases for office space, and five new retail space leases.
In addition, during Q1 of 2023, Brian Properties renewed 39 leases within the company’s management portfolio. These transactions included three lease renewals for industrial space, nine renewed multi-family property leases, twelve office space lease renewals, and fifteen leases renewed for retail spaces.
Brian Properties also represented tenants in four transactions for building space outside their management portfolio.
Of the 12 new leases signed during Q1, the company signed the Illinois Dermatology Institute to a long-term lease for a large space totaling 4,527 square feet, bringing the building to 90% occupied. Bill Mass of Mass Realty represented the tenant.
Brian Properties has a knowledgeable brokerage team with the ability to service specific needs of commercial real estate investors and tenants. Through their extensive knowledge of the Chicago market, they can serve clients needing space for lease in office, retail, medical, and industrial buildings.
The company’s services include:
Whether it's a ten-store corner shopping center or a ten-story office tower, Brian Properties' management team has the expertise to do the job. They are an Accredited Management Organization (AMO), meeting or exceeding rigorous standards set by the Institute for Real Estate Management to achieve that designation.
Their full-time management department staff includes a property manager, assistant property manager, bookkeeper, maintenance personnel, and clerical help. Whether leasing, brokerage, or management services, the company has the commercial real estate Chicago experts needed for real estate investment success.
For more information about Brian Properties or investing in Chicago’s commercial real estate, click here.
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