DanSmo – Page 3 – TMG Real Estate Advisors

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

Eastern Pennsylvania eCommerce

TMG’s client who provides shipping solutions for eCommerce companies, needed to grow its footprint to service the northeast United States. The search began at the height of the COVID-19 shutdowns posing widespread challenges. The client sought a state-of-the-art facility in a very competitive market with limited options. The TMG Supply Chain Solutions team led by Dan Smolensky, SIOR kicked in the MTS (Maximizing Tenant Strengths) process. It started with a clear definition of the requirement by all stakeholders, then an [...]

April 8, 2022

Lizenbergs promoted to Vice President

Andris Lizenbergs promoted to Vice President at TMG Real Estate Advisors Commercial real estate advisory and brokerage firm, TMG Real Estate Advisors (TMG), today announces the promotion of Andris Lizenbergs to Vice President. In his elevated role, Lizenbergs will continue to focus on representing logistics, manufacturing, and service-related businesses both locally and nationally. “Andris has been integral to the success of TMG from the moment he walked through the door,” Dan Smolensky, SIOR, co-founder of TMG Real Estate Advisors. “This promotion [...]

March 29, 2022

Retail & Office Pivot to Industrial

New York-Based Firm Joins Other Companies Pouring Into Distribution Space After Making a Reputation in Other Sectors, CoStar reports Thor Equities plans a warehouse development in the Chicago suburbs that’s far more than just another investment. The project shows how the firm long known for retail holdings on glitzy avenues is pushing strongly into popular, but traditionally unglamorous, industrial property. The New York-based developer said it bought a 6-acre site in Schaumburg, in Chicago’s northwest suburbs, where it plans to build [...]

March 24, 2022

Trends to know for 2022

Trends to know for 2022 FMI Consulting presented live (yes live, not online!!!) @ the Association of Industrial Real Estate Brokers (aire-brokers.org) luncheon this week in Chicago. Some interesting takeaways and data points: Trends to watch in 2022, it’s all interconnected: Oil prices are rising We are trending toward an inverted yield curve; the inversion point when short term yields are greater than long term yields. Early sign of Recession? Russia and Ukraine impact: flaming inflation, supply chain snarls, building material challenges, higher fuel, copper [...]

March 11, 2022

Chicago Remained No. 1 for Corporate Relocations, Expansions in 2021, Magazine Says

CoStar reports Metro Area Tops Site Selection Survey for Ninth Consecutive Year; Texas Scores Most Attractive State Award. The Chicago area set a record for corporate relocations and expansions in 2021, according to Site Selection magazine, making it the top metropolitan area in the United States for investment for the ninth consecutive year. There were 441 qualifying deals in greater Chicago last year with a combined $2.8 billion in investments, 18,368 new jobs and 59 million square feet of expansion space, [...]

March 2, 2022

Manufacturing Client

Our client, a manufacturer and distributer of rail car components, had a looming lease expiration on two buildings totaling 115,000 square feet. In addition to the challenges associated with unprecedented demand and limited supply of industrial space in the Chicago metro market, the client was facing the costly endeavor of relocating its complex operation. Remaining in their current location was their priority. The building’s owner, armed with its own knowledge on the landlord favorable market conditions and the significant costs [...]

February 25, 2022

Big Box Report – Chicago Market Update

Industrial construction activity continues to hover near all-time highs in Chicago at approximately 31.0 million SF. Given the robust construction pipeline, deliveries are expected to continue at an elevated pace through at least 2022 and consistent with national trends, the vast majority of both under-construction and recently delivered space is in the logistics segment. Eight other Chicago area submarkets have at least 1 million SF of industrial space underway, as the significant rise in the demand for space has pushed development up across the [...]

February 16, 2022

Ryan Phillips named Senior Vice President

CHICAGO -Commercial real estate advisory and brokerage firm, TMG Real Estate Advisors (TMG), announced the promotion of Ryan Phillips to Senior Vice President. In this role, Phillips will continue to focus on servicing clients who are occupiers of warehouse, industrial, and flex space throughout Chicago and the surrounding regions. “In his six years at TMG, Ryan has played a critical role in our growth and elevating our client-focused approach,” said Dan Smolensky, SIOR, co-founder of TMG Real Estate Advisors. “Ryan’s [...]

February 4, 2022