Office Broker of the Year - Greater Chicago Food Depository

Office Broker of the Year
Entry Name
Bradley A. Serot and Paul Reaumond—CBRE
Nominee
Bradley A. Serot Executive Vice President
T +1 312 9351403 [email protected]
Paul Reaumond Senior Vice President
T +1 312 9351476 [email protected]
CBRE
321 N. Clark Street Suite 3400 Chicago, IL 60654
Executive Summary:
Brad Serot and Paul Reaumond are two of Chicago’s top tenant representation brokers, who specialize in working with some of the city’s
fastest-growing companies in the explosive tech sector, which drives a significant portion of Chicago’s economic growth. In 2015 alone,
they completed more than 1.1 M square feet of leases in the Chicago area for a total consideration in excess of $254 million. The majority
of these deals were with firms that are focused on long-term growth in Chicago. Companies such as Uber, VelocityEHS, Avant and Sprout
Social have all entrusted Brad and Paul to help them expand their businesses in an economically responsible way. Brad and Paul are at the
forefront of this market and are seen as the go-to brokers for the tech sector, as they understand the complexities of structuring deals
that position firms for success in the face of uncertainty. They are able to continually negotiate terms that provide firms the ability to not
only meet immediate growth needs--many of their clients are doubling in size in the current market--but also allow them to be remain
nimble in the future.
Bradley A. Serot
Paul Reaumond
Entry Name
Daniel Arends and Patrick Vizzone—Colliers International
Office Broker of the Year
Nominee
Mr. Daniel Arends Principal | Office Advisory Group
200 South Wacker Drive Suite 700 Chicago, IL 60606
312.612.5908 [email protected]
Executive Summary:
Dan Arends is a Principal with Colliers International and in 2015 was named Colliers’ top producing office broker. He has over 25 years of
experience and has been involved in more than 1,300 assignments totaling over thirteen million square feet of leasing transactions in his
career. Over the last decade, Dan has consistently been one of the top tenant representation brokers in Chicago, continuing to creatively
help his clients structure complex transactions in a simple “layman’s way” that clients can understand. Mr. Arends assisted 57 clients in
industrial and office space requirements in markets throughout the country and internationally. In the Metropolitan Chicago area, Mr.
Arends represented clients in 37 office transactions totaling approximately 443,740 square feet. Mr. Arends also represented Fellowes,
Inc., in a new 499,140 square foot build-to-suit in Aurora, Illinois 60563, one of the largest build-to-suit projects in 2015, as well as a
myriad of other corporate users. Three of Mr. Arends’ most significant office transactions of 2015 were: The PrivateBank and Trust
Company, Midwest Orthopaedics, and FactSet Research Systems, Inc. 1) The PrivateBank and Trust Company: PrivateBank expanded their
headquarters to 222,868 square feet and extended their lease term through 12/31/29, allowing them to restack some of their existing
functions, develop a state-of-the art conferencing facility and continue their growth at 120 South LaSalle Street. 2) Midwest Orthopaedics:
Midwest Orthopaedics had outgrown their existing headquarters’ space and were busting at the seams. Mr. Arends helped Midwest
Orthopaedics restructure their lease five years early and transform their office space into a more interactive environment. Their expansion
to 22,518 square feet allowed Midwest Orthopaedics to gain a full floor presence enhancing both their identity and brand. Dan also
assisted Midwest Orthopaedic in expanding their practice by locating a new 17,090 square foot surgery center in Munster, Indiana. 3)
FactSet Research Systems, Inc.: FactSet was rapidly outgrowing their space and were seeking to implement a new workplace standard and
increase their headcount by 150% without a significant increase to their square footage. Colliers provided FactSet with an 11-year, 38,012
square foot lease at 181 West Madison Street.
Daniel Arends
Patrick Vizzone
Office Broker of the Year
Entry Name
John Musgjerd, Daniel McCarthy, and Benjamin Erskine—JLL
Nominee
John Musgjerd Managing Director
[email protected] 312-228-3623
Daniel McCarthy Managing Director
[email protected] 312-228-2539
Benjamin Erskine Executive Vice President
[email protected] 312-228-3105
JLL
200 E. Randolph St Chicago, IL 60601
Executive Summary:
Demonstrating their typical commitment to client service as well as creativity and out-of-the-box thinking in the face of large, complex
transactions, the JLL office brokerage team of John Musgjerd, Dan McCarthy and Ben Erskine turned in yet another banner year in 2015,
completing 22 transactions totaling 1,047,618 square feet and valued at $266,559,990. The year was capped by the team’s massive,
headline-making deal for Baxalta, a Baxter International spinoff, which executed a 13-year, $103 million, 260,000 square-foot
headquarters lease for approximately 1,000 employees at 1200 Lakeside in Bannockburn. The challenging transaction involved eight
different parties, requiring JLL to coordinate negotiations and agreements among those parties, and produce seven project documents
requiring execution for deal completion. Also, seven different legal teams represented all parties in the transaction. The goal: Baxalta
would control/occupy the entire building with occupancy in August 2015. Project Results: 1. Baxalta was able to acquire an entire building
which was otherwise encumbered by three existing tenants who represented 75 percent of the entire building 2. JLL successfully
negotiated buyouts and relocations of two of the three tenants who had term remaining on their leases and who otherwise had no
incentive to leave the building 3. JLL was able to meet Baxalta’s occupancy timing needs by completing an entire 260,000 square-foot
transaction in 90 days 4. Baxalta’s final terms and conditions equaled aggressive market terms in net rent, rental abatement and tenant
improvement allowance. Additional 2015 highlights included: • The 162,396 rsf relocation/consolidation for HSBC at 1421 Shure Drive in
Arlington Heights • A 123,077 rsf lease extension for HSBC at 941 Weigel Drive in Elmhurst • The 75,260 rsf relocation of Barilla’s North
American HQ to 885 Sunset Ridge in Northbrook • The 83,200 rsf new lease for Baxalta at 540 W. Madison in Chicago • A 52,869 rsf lease
extension for Zebra Technologies at 475 Half Day Road in Lincolnshire Additionally, the team completed a variety of other deals for both
Baxalta and Zebra Technologies as a part of their exclusive transaction services agreements with these two firms across their U.S.
portfolios.
Benjamin Erskine
Daniel McCarthy
John Musgjerd
1200 Lakeside
Entry Name
Joseph Learner and Robert Sevim—Savills Studley, Inc.
Office Broker of the Year
Nominee
Joseph Learner , Executive Vice President, Director
312-595-2915, [email protected]
Robert Sevim , Executive Vice President, Co-Head, Chicago Office
312-595-2952, [email protected]
Savills Studley, Inc.
191 North Wacker Drive, Suite 2700
Chicago, IL 60606
Executive Summary:
In 2015, Joe Learner and Robert Sevim executed 44 Chicago-area transactions valued at $87 million and totaling nearly 1 million square
feet of office space. With a combined 40 years of experience in commercial real estate brokerage, the team is a force to be reckoned with
in tenant representation advisory services for the Chicago market. And their momentum continues to grow year over year. With one of
the most impressive project rosters in the industry, the dynamic duo, known for their tenacious client advocacy and sophisticated
business acumen, has a long history of game-changing transactions involving some of the region’s best-known corporations.
Learner and Sevim led significant projects in three distinct submarkets: Downtown Chicago, the East-West suburban corridor and the
Northern suburban market. The team’s diverse project portfolio includes corporate headquarter relocations and early lease restructurings
in both the downtown and suburban Chicago office markets. Their breadth of expertise was highly evident this past year – successfully
closing two noteworthy projects over 100,000 RSF in downtown and suburban Chicago respectively.
Among those chart-topping deals was a long-term lease extension for 163,286 square feet on floors 22 to 26 and the penthouse of historic
riverfront property, 222 North LaSalle for long term anchor tenant Vedder Price - one of the largest downtown leases in Chicago this year.
Having worked together for over a decade, Learner and Sevim have been key contributors to making Savills Studley’s Chicago office one of
the most profitable within the firm’s international portfolio. Their dedication has led to multiple honors, including recognition as the
Greater Chicago Food Depository Commercial Real Estate Awards’ “Office Broker of the Year” winner in 2014 and 2011 and selected for
NAOIP’s “Development of the Year” in 2013 and 2014. Learner is a former Crain’s Chicago Business “40 Under 40” honoree and a threetime “Office Broker of the Year” recipient. Sevim was named to the Crain’s Chicago Business “Who’s Who” list in 2015 and is the youngest
EVP and Office Head for the firm.
Westbrook
Joseph Learner
Robert Sevim
222 N LaSalle
Lobby
222 N LaSalle
Tenant Lounge
Entry Name
Matt Carolan, Jeff Liljeberg, Meredith O’Connor, Bill
Rogers, Steve Steinmeyer—JLL
Office Broker of the Year
Nominee
Matt Carolan Managing Director JLL
312-228-2513 [email protected]
Jeff Liljeberg Managing Director
312-228-2728 [email protected]
Meredith O’Connor International Director JLL
312-228-2576 Meredith.O’[email protected]
Bill Rogers International Director
312-228-2965 [email protected]
Steve Steinmeyer Managing Director
312-228-2783 [email protected]
JLL 200 E. Randolph St. Chicago, IL 60601
Executive Summary:
As five-time winners of this award, JLL’s Matt Carolan, Jeff Liljeberg, Meredith O’Connor, Bill Rogers and Steve Steinmeyer have a longheld and well-earned reputation as one of the city’s best and brightest brokerage teams. The team posted yet another tremendous year in
2015, completing 55 transactions totaling 1.3 million square feet and valued at more than $352 million. And that just represents office
deals completed in the Chicago area. Taken in broader context including the team’s national deals and incentives work, this accounts for
just 40 percent of their transactions brokered in 2015. The team’s, and arguably the City of Chicago’s, most notable deal in 2015 was
ConAgra’s headquarters relocation from Omaha, NE to 168,000 square feet in the Merchandise Mart. JLL negotiated an innovative tax
incentive award—a major accomplishment since the state had put a temporary hold on Illinois incentive programs—that was critical to
ConAgra’s Board decision to move to Chicago. One of the largest corporate HQ moves to downtown Chicago since Motorola, ConAgra is
bringing 800+ employees from three states. Other key team transactions: • ACGME: Completed an attractive 103,000 square-foot, 15-year
lease for ACGME at 401 N. Michigan. Navigated an early restack and potential lease extension in ACGME’s former space at 515 N. State,
changed course when the building changed hands and eventually found an attractive solution, culturally and financially, at 401 N.
Michigan. • Neuberger Berman: Negotiated a favorable economic package and below-market rent for the firm to renew its 66,711 square
feet of sublease space in a direct lease for seven years, with substantial concessions and branding, at 190 S. LaSalle. • Illinois Facilities
Fund: Helping IFF move from its constrained space at 1 N. LaSalle to a full-floor, long-term 27,928 square-foot sublease at 333 S. Wabash.
The deal lead to significant savings for IFF, including TI allowances and 16 months of abatement. The strength of this team lies in their
ability to provide holistic solutions to meet clients’ unique requirements. Their complex deal strategies, creativity, superior market
intelligence, tireless work ethic and uncanny ability to maximize value are unmatched across the industry.
Bill Rogers
Jeff Liljeberg
Matt Carolan
Meredith O’Connor
Steve Steinmeyer
Office Broker of the Year
Entry Name
Todd Lippman and James Whalen—CBRE
Nominee
Todd Lippman Vice Chairman
312-935-1440 [email protected]
James Whalen Executive Vice President
312-935-1447 [email protected]
CBRE, Inc.
321 N. Clark St., Suite 3400 Chicago, IL 60654 312935-1447 [email protected]
Executive Summary:
In 2015, Todd Lippman and James Whalen of CBRE, Inc. have continued to transform the Chicago real estate market through their creative
approach to complex challenges. From headquarters relocations to significant expansions and workplace strategies, this team executed 28
transactions together, totaling 2,481,646 square feet (“SF”) and valued at $558,900,000. Nine of these 2015 transactions were greater
than 100,000 SF: Office: • Groupon, Inc. – 375,807 SF Renewal/Expansion at 600 W. Chicago Ave./900 N. Kingsbury St., Chicago, IL •
Deloitte LLP – 291,556 SF Renewal/Restructure at 111 S. Wacker Dr., Chicago, IL • Mayer Brown LLP – 271,761 SF Renewal/Restructure at
71 S. Wacker Dr., Chicago, IL • United Stationers LLP – 198,730 SF Renewal/Restructure at One Parkway North Blvd., Deerfield, IL •
Motorola Solutions, Inc. – 150,345 SF Relocation to 500 W. Monroe St., Chicago, IL (from Schaumburg, IL) • Yelp Inc. – 132,044 SF
Renewal/Expansion at 222 Merchandise Mart Plz., Chicago, IL • Holland & Knight LLP – 104,376 SF Renewal at 131 S. Dearborn St.,
Chicago, IL Mixed (Office/R&D/Manufacturing): • Motorola Solutions, Inc. – 300,868 SF Relocation at 2580 Galvin Dr., Elgin, IL • RTC
Industries, Inc. – 190,080 SF Renewal at 335 Crossroads Pkwy., Bolingbrook, IL In order to complete these transactions, this team used
creative strategies to assemble sufficient large blocks of space, reduce real estate costs, modernize office workspaces and assist their
clients while finding ways to better attract employees. Todd Lippman and James Whalen’s deep knowledge of the Chicago market and
extensive experience enables them to uncover and evaluate every possible alternative, maximize market leverage and ensure every
process aligns with the objectives of their clients’ real estate strategies – achieving the best results in the market. They are recognized as
experts in the field, and 2015 again proved why they are the considered leaders and top performers in the Chicago commercial real estate
market.
Todd Lippman
James Whalen