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Brucato, Krumweide, Schoenheider
For the first time in the organization's history, the Association of Industrial Real Estate Brokers held its annual trade show in an industrial building—the partially vacant 451 Express Center Dr. We snapped Principle Construction's James Brucato with Liberty Property Trust's Lisa Krumweide and Don Schoenheider. Lisa and Don report that they were continuing to sell off small suburban office properties to reinvest in industrial, including their latest acquisition at 21705 W Mississippi in Elwood.
Howard Wender, Matt Rogatz
We also snapped Strada Real Estate Services' Howard Wender and Chicago Industrial Real Estate's Matt Rogatz glowing in the T-5 lighting. Matt says lately he's sold a handful of buildings in the city (like a 47k SF building at 47th and Kedzie) at really low prices—as low as $1.50/SF. Owners are more willing to take a hit on the property so they don't have to pay for the heating or for companies like Howard's emergency maintenance shop to take care of the buildings over the winter.