Seneca Arranges Lease of 17,000 SF Banquet Facility in Glenview, Illinois

Retail lease suburbs Glenview

GLENVIEW, ILL.  — Seneca Real Estate Group has arranged the lease of a two-story banquet facility in Glenview, a northwestern Chicago suburb. United Investors Inc. leased the 17,000-square-foot facility for five years to In Paris Inc. The property is located at 3315 N. Milwaukee Ave. The building was originally designed to resemble a scaled-down version of the old Chicago Stadium (an indoor arena that at one time was the home of the Chicago Blackhawks and Chicago Bulls before closing in 1994). The property consists of a multi-level ballroom with majestic ceilings, lighting and a 4,000-square-foot commercial kitchen. The banquet hall accommodates 700 guests and includes a 160-car parking lot.  After some internal design work, In Paris will continue to operate the property as a banquet facility hosting weddings, parties and corporate events.  Joe Padorr of Seneca represented the landlord in the transaction.

SENECA REAL ESTATE GROUP BRINGS TACO BELL TO LOYOLA SUB-MARKET

Retail lease chicago Taco Bell logo

Chicago (August 18, 2015)Seneca Real Estate Group’s principal and director of marketing and leasing, Joe Padorr, represented a Taco Bell franchisee tenant in the 10-year lease of a 1,413-square-foot space at The Morgan at Loyola Station, 6460 N. Sheridan, at Sheridan Road and Arthur Avenue, in Chicago’s Rogers Park neighborhood. Allan Perales, McCaffery Interests, represented the property.

“The Loyola area sub-market was a strong focus for Taco Bell because restaurants do particularly well among the college-aged, late-night crowd,” said Padorr. “And of course this will give Loyola’s dynamic community even more dining options,” he added.

Seneca Real Estate Group is a real estate advisory and management company that provides leasing, brokerage and asset management services to mid-market residential, condominium and commercial (office, industrial and retail) properties in and around Chicago. A roll-up-your-sleeves, hands-on approach of a mid-sized firm coupled with the big business expertise of the company’s founders, Tom Morabito and Joe Padorr, allows Seneca Real Estate Group to maximize both the intrinsic and actual value of all the properties they touch.

SENECA CONTINUES LEASING ACTIVITY IN SOUTHPORT CORRIDOR

Property Lease southport chicago il

Chicago (July 22, 2015) – Seneca Real Estate Group’s (https://www.seneca-re.com/) principal and director of marketing and leasing, Joe Padorr, represented Chicago-based landlord Harris Properties in the 10-year lease of it’s 2,300-square-foot property at 3357 N. Southport.

Construction of this single-story retail building, which features scissor trusses to allow for high ceilings and skylights, was completed in late 2014. The tenant, Chicago Health Medical Group (http://www.chicagohealthmedicalgroup.com/Home.aspx) was represented by Patrick Owens, Transwestern (http://www.transwestern.net/).

Padorr also represented landlord Harris Properties in the lease of 910 square feet to Fleet Feet (http://www.fleetfeetchicago.com/) at 3359 N. Southport in 2014. Joe Sauer, Sierra US (http://www.sierraus.com), represented the tenant.

In 2013, Padorr represented landlord Derrig Properties in the leasing of 10,000 square feet to Gap at 3416 N. Southport, 4,000 square feet to Athleta, 3,000 square feet to Noodles and Co., and 8,000 square feet to Southport Fitness at 3415 N. Southport.

“Retail in Southport’s epicenter – between Roscoe and Addison – has seen robust growth over the last three years due to the sub-market’s strong income demographics of its upwardly mobile singles and young families that live in the Lakeview neighborhood,” noted Padorr.  “We were among the first to ink national tenant deals on the street following the recession and momentum has been a key component to the area’s continued retail growth.”

Seneca Real Estate Group is a real estate advisory and management company that provides leasing, brokerage and asset management services to mid-market residential, condominium and commercial (office, industrial and retail) properties in and around Chicago. A roll-up-your-sleeves, hands-on approach of a mid-sized firm coupled with the big business expertise of the company’s founders, Tom Morabito and Joe Padorr, allows Seneca Real Estate Group to maximize both the intrinsic and actual value of all the properties they touch.

8.15 Seneca Real Estate Group Brings Taco Bell to Loyola Sub-Market

http://www.dnainfo.com/chicago/20150818/rogers-park/taco-bell-open-loyola-location-morgan-former-red-mango-spot

ROGERS PARK— Undecided college freshman may want to give Loyola University a second thought before it’s too late — because come this winter, they could be among the first class of a brand new Taco Bell’s Chicago alumni.

Tuesday it was announced that the national taco (and now breakfast) chain, known as pioneers in the late-night “fourth meal” movement, signed a 10-year lease at the former 1,413-square-foot Red Mango space as part of The Morgan at Loyola Station, 6460 N. Sheridan Rd.

Joe Padorr, of Seneca Real Estate Group, said while there was not yet a solid opening date, the franchisee hoped to open by the end of the year.

“The Loyola area sub-market was a strong focus for Taco Bell because restaurants do particularly well among the college-aged, late-night crowd,” Padorr said.  “And of course this will give Loyola’s dynamic community even more dining options.”

Work has yet to begin on transforming the space into an official Taco Bell, Padorr said.

Padorr also said the franchise owner is “an experienced group with multiple” fast-casual dining brands.

Check back as this taco-related development unfolds.

 

8.15 Seneca Represents Landlord in West Town Property Leases

Seneca represents Lake Industrial Park LLC in Chicago West Town leases

Seneca Real Estate Group’s principal and director of marketing and leasing, Joe Padorr, represented landlord Lake Industrial Park LLC in the lease of 2,262 square feet at 1948 W. Lake Street to Big Shoulders Coffee Roasters. Will Crowden and Allen Joffe, Baum Realty, represented the tenant.

Padorr also represented the landlord in the 2,250 square-foot expansion of the existing 5,500-square-foot La Fournette bakery and distribution center at the same property.  The tenant was not represented.

– See more at: http://www.rejournals.com/2015/08/04/seneca-represents-lake-industrial-park-llc-in-chicago-west-town-leases/#sthash.VqTH42lh.dpuf

8/15 Seneca Continues Leasing Activity in Southport Corridor

Seneca Real Estate Group’s Joe Padorr repped Harris Properties in a 10-year lease at 3357 N Southport to Chicago Medical Health Group. The single-story retail building, which was completed last year, features scissors trusses to allow for high ceilings and skylights. Transwestern’s Patrick Owens repped Chicago Medical Health Group.

Read more at: https://www.bisnow.com/chicago/news/deal-sheet/this-weeks-chicago-deal-sheet-48759?utm_source=CopyShare&utm_medium=Browser

Seneca Property & Asset Management Retained by Mark IV Realty Group, Inc.

Property & Asset Management chicago il

Seneca Real Estate Group (https://www.seneca-re.com/) has been retained as property manager by Mark IV Realty Group, Inc., (http://www.markivrealty.com/) for three residential properties in Chicago’s Lincoln Park and North Center neighborhoods.

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SENECA REPRESENTS LANDLORD IN WEST TOWN PROPERTY LEASES

Landlord / Owner Property Leasing West Town

Chicago (July 30, 2015) – Seneca Real Estate Group’s (https://www.seneca-re.com/) principal and director of marketing and leasing, Joe Padorr, represented landlord Lake Industrial Park LLC in the lease of 2,262-square-feet at 1948 W. Lake Street to Big Shoulders Coffee Roasters. Will Crowden and Allen Joffe, Baum Realty (http://www.baumrealty.com/), represented the tenant.

Padorr also represented the landlord in the 2,250 square-foot expansion of the existing 5,500 square-foot La Fournette bakery and distribution center at the same property. The tenant was not represented.

“The ever-expanding west loop gentrification, highlighted by a variety of high profile deals, is now reaching Damen and beyond,” said Padorr. “The new development activity surrounding the United Center has been a catalyst in this westerly push and it’s just a matter of time until the near west side sees similar commercial and residential growth as the west loop experienced.”

Seneca Real Estate Group is a real estate advisory and management company that provides leasing, brokerage and asset management services to mid-market residential, condominium and commercial (office, industrial and retail) properties in and around Chicago. A roll-up-your-sleeves, hands-on approach of a mid-sized firm coupled with the big business expertise of the company’s founders, Tom Morabito and Joe Padorr, allows Seneca Real Estate Group to maximize both the intrinsic and actual value of all the properties they touch.

 

 

 

 

 

 

Possible Consequences of Inadequate Tenant Screening

Tenancy Agreement image chicago il

Your property management team should be running a very tight ship when it comes to performing tenant screenings. A tenant screening consists of four parts:

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