DanSmo – TMG Real Estate Advisors

Increased capacity providing significant revenue growth for TMG client

TMG’s Supply Chain Solutions Group secured a long-term lease agreement with a logistics client for a new 83,824 sf facility. Led by TMG’s Rob Prioletti, the logistics company will occupy the entirety of the newly constructed property developed and owned by Prologis. The transaction was prompted by a significant growth opportunity resulting from the spin-off of a new corporate division. Located in DuPage County near the O’Hare South Cargo entrance and the new I490/IL 390 interchange, the building features [...]

April 5, 2024

Q4 2023 data shows Chicago more resilient than other markets

Chicago’s vacancy rate is expected to rise in the short term due to the completion of speculative projects initiated in 2022 and 2023, according to CoStar. However, compared to other major U.S. markets, Chicago’s development activity is relatively restrained, with only 1.3% of the market’s total inventory under construction. This is significantly lower than the national average and markets like Phoenix and Dallas-Fort Worth. The impact of rising interest rates has led to a substantial decrease in industrial construction starts [...]

February 27, 2024

TMG’s Supply Chain Solutions Team completes O’Hare Transaction

CHICAGO- TMG’s Supply Chain Solutions team led by Dan Smolensky, SIOR and Rob Prioletti represented a wholesale distributor for its regional HQ in Chicago’s O’Hare submarket. “We started working with this client in 2022, in an extremely tight market. O’Hare was even tighter for the size, 100,000 square feet.” Smolensky continued, “There really was only one option that worked, but utilizing our Maximising Tenants’ Strength (MTS) platform we were able to negotiate lower rents and more incentives such as [...]

January 29, 2024

TMG’s Ryan Phillips elevated to Partner

TMG Real Estate Advisors (TMG), is pleased to announce that Ryan Phillips has been promoted to partner. This promotion recognizes Phillips as a top producer in the firm as well as his strength as a leader. Phillips has extensive experience working with clients across industries including logistics, manufacturing, and service-related businesses. As a partner, Phillips will continue to identify and secure warehouse, industrial, office and flex space solutions throughout Chicago and the surrounding region. “Ryan has been an invaluable part of [...]

November 7, 2023

TMG’s Global Manufacturer Client Completes 200,000 SF Relocation

TMG Real Estate Advisors is pleased to announce their client has completed a 200,000 SF relocation along the I-355 corridor in southwest Chicago metro. Working with the TMG team led by Marat Safir and Andris Lizenbergs, the client a global manufacturer considered options for relocating its North American headquarters and distribution center in Houston, TX and Norfolk, VA before ultimately choosing the newly constructed, LEED Silver certified building in Lockport, IL. Prompted by increasing demand as well as implementing [...]

September 29, 2023

TMG team’s 3PL client expands 350,000 SF in Florida

TMG Real Estate Advisor’s Industrial Team, led by Marat Safir, Andris Lizenbergs and Jimmy Yfantopulos has successfully assisted a National 3PL company in finding a home for their 350K SF regional distribution center in the Florida’s I-4 Corridor. Amid a highly competitive submarket with limited options, the team scoured through the market before zeroing in on a location that met the client’s needs. “With double digit growth in revenues, volumes, and customer demands over the past 18 months, our 3PL [...]

April 12, 2023

TMG Q1 2023 Report

Chicago’s industrial market posts two decade low vacancy at 4.0%. Chicago’s industrial market is strong according, having realized 29.4 million net square feet of positive absorption over the past 12 months, as reported by CoStar. This level of demand is almost 30% greater than the high set for Chicago in 2006 (24 million SF) and two and half times greater than the average levels seen for the metro’s all time average. Construction activity is at its highest, and vacancy is [...]

March 31, 2023

Smolensky’s TMG client leases 487,000 SF in Chicago’s O’Hare market

CHICAGO – Nov 2022- TMG Real Estate Advisors is pleased to announce that the TMG Supply Chain Solutions team led by Dan Smolensky, SIOR has assisted a global freight forwarder in a 487,000 SF headquarters & distribution center consolidation in Chicago’s O’Hare Market. Smolensky has been representing this client for over twenty years. “Watching this longstanding client grow and become a dominant player in their space has been my honor, and I am so appreciative of their trust in [...]

November 22, 2022

eCommerce growth = warehouse growth

“For every $1 billion in e-commerce sales, 1.25 million square feet of warehouse space is needed,” this metric from Cresset appeared in a Bisnow post. Forbes reported $870 billion in US eCommerce sales in 2021, grew 14% from 2020 (50% from 2019). Starting to understand the demand for warehouse space? Learn more at www.tmg-rea.com or contact TMG at info@tmg-rea.com

November 2, 2022

TMG reps global IT provider in high-end Chicago office building

The TMG Chicago Office Team led by Morgan Mellske with Dan Smolensky, SIOR has helped another great client find an amazing space in this new building at 609 W Randolph, Chicago, IL. Our client leased is a full floor approximately 7,000 SF of this gorgeous boutique office building. The unit was fully furnished and the TMG team negotiated several construction and furniture modifications to make the space move-in ready for our client, a global IT services provider. “There’s nothing traditional [...]

October 28, 2022