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.

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.