Uncategorized – TMG Real Estate Advisors

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

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