DanSmo – Page 2 – TMG Real Estate Advisors

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

Quarterly Industrial Market Update

Lowest vacancy rate in over two decades Chicago’s industrial market is still as hot as ever, with an astounding 40.3 million of direct net SF positively absorbed into it year over year according to CoStar. This level of demand formation is almost double the high set for Chicago in 2004 (24 million SF) and almost twice the average levels seen over the past five years. Leasing activity metro wide took a dip so far into 2022 from the highs of [...]

June 27, 2022

Jane Robin’s celebrates 20 years as an industrial real estate broker

TMG Real Estate Advisors (TMG), is celebrating the milestone of veteran real estate advisor Jane Robins’ for her 20 years in the commercial real estate industry. As a Senior Vice President at TMG, Robins experience and reputation has broadened the depth and reach of the firm’s commercial real estate services. “Jane’s demonstrated the ability to quickly seize on opportunities and execute for her clients have become a huge asset to TMG as we continue to strengthen our position in the [...]

May 13, 2022

Big Box Report Q1 2022

To keep pace with market demand new construction remains robust. Approximately 20.0 million SF of new space materialized over the past year, with another 30.8 million SF of industrial space currently under construction in Chicago. Over half of current under-construction space is developed on speculation, including four projects that exceed 1 million SF. With demand growth steadily outpacing new supply, vacancy within Chicago’s industrial market declined by -1.5% over the past 12 months to post the lowest vacancy rate [...]

April 21, 2022

Amazon’s huge warehouse growth

Amazon’s mega distribution network is on an epic growth pace, CoStar reports. What Amazon is building is unprecedented in U.S. commercial real estate, in terms of focusing on creating a collection of industrial buildings that are so large. The Great Pyramid of Giza, which stood as the tallest structure in the world for more than 3,800 years, has a base that can contain about 10 football fields. Amazon’s new mega buildings are typically six times larger. So goes Amazon’s seemingly relentless [...]

April 15, 2022