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Busy Q4 for McLennan Commercial Properties

The Brokers of McLennan Commercial Properties have been busy.  Check out some of our latest deals below.

 

Buildings Sold and Closed in October 2017

363 Alice Street

Wheeling, IL 60090

10,000 Square Foot Industrial Building

Sold for $375,000

Selling Broker:  Jim Conrad, CCIM® of McLennan Commercial Properties

Listing Broker:  Bruce Heller of Coldwell Banker NRT

66 W Lake Street

Northlake, IL 60164

11,520 Square Foot Industrial Building

Sold for $500,000

Listing & Selling Broker:  Jim Conrad, CCIM® of McLennan Commercial Properties

 

Buildings Sold and Closed so far in November 2017

 

6553 N Olmstead

Chicago, IL 60631

4,800 Square Foot Industrial Building

Sold for $200,000

Listing Broker:  Owen Hayes of McLennan Commercial Properties

Selling Broker:  Dean Pelasfas of Ariston Realty Corp.

 

123 N Northwest Hwy

Park Ridge, IL 60068

14,133 Square Foot Office Building

Sold for $1,075,000

Listing Broker:  Owen Hayes of McLennan Commercial Properties

Selling Broker:  Bill Gold of Troy Realty Ltd

 

25 S Grove

Elgin, IL 60120

31,689 Square Foot Office Building

Sold for $1,125,000

Listing Brokers: Owen Hayes and Peter Bianchi of McLennan Commercial Properties

Selling Broker:   Matthew Lysien of Suburban Life Realty, Ltd.

 

 

 

 

 

McLennan President Now IREM Chicago Council Member

STEPHEN SCHIMMEL, CPM® SWORN IN AS 2018 SECRETARY OF IREM CHICAGO
AT NOVEMBER 9 MEETING

 November 2017 – Stephen Schimmel, CPM®, was sworn in as the 2018 Secretary of IREM Chicago Chapter 23 at the organization’s meeting and sponsor showcase held November 9. Haskins and other officers were officially installed in a ceremony conducted by Maleta J. Brown, CPM®, Region 9 Vice President for the Institute of Real Estate Management.

As chapter Secretary, Schimmel will be a member of the Chapter 23 Executive Council and help guide education, membership and advocacy initiatives for the organization in 2018.

Schimmel is President of McLennan Property Management and McLennan Commercial Properties, a more than 100-year-old diversified real estate company based in Park Ridge, IL, that provides residential and commercial management and brokerage services. (more…)

IREM 2017 Global Summit Remembered: Stephen Schimmel, CPM®

By Stephen Schimmel, CPM®
Over three days in October, the Executive Council of Chapter 23 had the privilege of attending the 2017 IREM Global Summit. It was a wonderful opportunity to learn and connect with industry professionals, including those on the leading edge of technology use in property management.
One education session was led by Pepe’ Gutiérrez, AFC, CPM®, ASM who spoke on “Disrupted Technologies in Property Management.”
Disrupted innovation is a term in the field of business administration. It refers to an innovation that creates a new market and value network and eventually disrupts an existing market and value network, thereby displacing established market leading firms, products, and alliances 1. Disrupted technologies are those that have been impacted by this theory.

These technologies are changing the way we as property managers do our job. Augmented reality, virtual reality, virtual assistance, connected buildings, connected homes and the Internet of Things (IoT) — each of these areas is making inroads into real estate management.

(more…)

MANAGING THE HVAC DILEMMA

What Building Owners don’t know about HVAC that could hurt the bottom line

All building owners know that their HVAC systems are a critical component to the function and comfort of the building they own.  What many owners might not know is that these systems may have a more limited life than they expected.

Since the 1990’s HVAC systems have used R-22 as a cooling agent inside the compressor.  This material is a gas that is known to the EPA to deplete the ozone.  Due to the damaging effects of this gas, the EPA has moved to discontinue their use by limiting its production and eventually eliminating production and imports of the gas.

January 1, 2020 R-22 will no longer be produced in this country and it will no longer be imported.  So what is an owner to do?

Heartland Real Estate Business interviewed two industry experts about what building owners need to expect and how they need to plan.  Please read the full article here

 

The first step in preparing for this transition away from HVAC equipment using R-22 is to reach out to your building or facilities manager.    While reviewing options and your equipment, management can help formulate a plan for a smooth transition that will help limit costly repairs.

 

Lackey, J., & Lee, K. (2016, December). Managing The HVAC Dilemma. Heartland Real Estate Business, 15(4), 16-17.

WINTER ROOF CARE

Has your roof had a rough winter? During the winter building roofs take a beating from extreme temperatures, snow, ice and wind. What is the best way to ensure that one of the most expensive and most important parts of your building is well cared for? Check out this great article about winter roof maintenance. Our office works with clients and recommends twice yearly inspections of a building roof to ensure that your asset is well cared for.

Protecting Your Roof against Damaging Winter Weather

From: Roofing Protecting your Roof against Damaging Winter WeatherFaciltiesNet

RECENT SALES

McLennan Commercial Properties, Inc. has had two significant closing recently:

 

Peter Bianchi of McLennan Commercial Properties represented the Seller and Julia Klairmont of Imperial Realty Company represented the Buyers in the Sale of 1914-20 First Avenue in Highland Park, Illinois. This property consisted of (1) – one story and (2) – two story retail buildings. This property closed on October 14, 2015.

 

James Conrad of McLennan Commercial Properties represented the Seller and the Buyer in the sale of 350-360 Lively Boulevard, Elk Grove Village, Illinois. The industrial zoned property consists of (1) 21,400 square foot building. This property closed on September 3, 2015.

 

REVITALIZATION OF SOUTH PARK PARK RIDGE

In March of 2014, 807-817 Devon was purchased at a tax sale.  The purchasers looked at the building as an investment opportunity and a way to improve the South Park business district with an attractive building for both commercial and residential tenants.  The location is within walking distance to many businesses, restaurants, CTA Blue Line, bus lines and a Mariano’s.  Other neighborhood amenities include a children’s wading pool, park and little league fields just across the street.

The building was showing its age having never been substantially improved since it was built in 1965.  The new owners got to work right away collaborating with their general contractor to assess the condition and formulate their plan to improve the building. (more…)

ELK GROVE DEBATES INDUSTRIAL PARK TIF

As many of our clients and local business owners have heard, Elk Grove Village will be voting to implement a massive 917 acre TIF district in its industrial park. The TIF has been met with some criticism from local residents, fearful of increased taxes to certain taxing bodies outside of the TIF area. This Daily Herald Business Edge Elk Grove Village TIF article summarizes the TIF’s goals and outlines the local residents’ concerns. For a more in depth look at the implications of the TIF district or to answer any questions on TIFs in general, please contact our Commercial Industrial brokers who are available to discuss this process and its effect on your property or business.

 

JC

REMEMBERING CHARLES “CHUCK” WIERCINSKI

We are saddened as a company to announce the untimely death of our esteemed associate and colleague, Charles E. Wiercinski.  Chuck has been in the real estate brokerage business since 1975. He joined our company in the late 1980’s and served as Senior Broker and Managing Broker for many years.  His history of successful deal-making spanned multiple types, sizes and locations of facilities.  Client allegiance was an earmark of his long tenure in the industry.

 

Chuck had a passion for teaching and mentorship. He was a Certified Commercial Investment Member of the National Association of Realtors, served on many of its committees, and was a Senior Instructor for the Institute. He regularly taught real estate pre-license and post-license courses, authoring several of those courses.

Chuck was a past president of both the Northern Illinois Commercial Association of Realtors (NICAR) as well as the Northwest Suburban Association of Realtors. He was a current member of the 2015 Illinois Association of Realtors Board of Directors, and a past Chairman of the Streamwood Economic Development Commission.

During his career, Chuck had the distinction of receiving several honors.  In 2007, he received the Realtor the Yearaward from the Realtor Association of Northwest Chicagoland, and in 2008 was the recipient of the Realtor of the Year award from the Northern Illinois Commercial Association of Realtors. In 2009, the Illinois Association of Realtors awarded him the Political Involvement Member of the Year award, and in 2010 the Illinois CCIM recognized him with an award for professionalism.

James McLennan, the principle owner of McLennan Company, a 103-year-old Commercial/Industrial Brokerage firm, states that “Chuck has been an honorable representative of our company and will be sorely missed.  He set an example of professionalism that the whole industry strives for”.

Chuck’s family is planning a Memorial Service to honor his life on January 10, 2015.  Details may be found in the link below:

Charles “Chuck” Wiercinski Obituary

 

Chuck

 

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