Monthly Archives: June 2026

Bradford Allen Closes 27,780-SF Lease with ProMedia at 250 Hudson in New York

Published June 24, 2026

NEW YORK – Bradford Allen, a national full-service commercial real estate development and advisory firm, today announced it has executed a 27,780-square-foot lease with ProMedia Global at 250 Hudson St. in New York’s Hudson Square neighborhood.

Bradford Allen Executive Managing Director Gordon Ogden and Senior Associate Ava Beganovic negotiated the lease on behalf of ProMedia. The building owner, Jack Resnick & Sons, was represented internally by Executive Managing Director Brett Greenberg and Managing Director Adam Rappoport.

“Our priority is to find and negotiate the right real estate for our clients’ operational and business requirements,” said Ogden. “In this case, we identified a property with large floorplates able to accommodate ProMedia’s evolving business needs, with a second-generation installation that supported a faster and more efficient move-in.”

ProMedia is a production and media infrastructure company that builds and operates large-scale, purpose-built facilities and secure data environments for film and television production. The firm’s 15-year lease for a full floor at 250 Hudson represents an expansion from their current facilities in New Jersey.

“This deal underscores Hudson Square’s ongoing transformation into a leading media and creative hub,” said Beganovic. “The area’s proximity to a deep pool of designers, content creators and media talent makes it especially efficient for companies focused on recruiting and retaining creative employees.”

250 Hudson is located two blocks from the Hudson River, with immediate access to the Holland Tunnel. The area is served by the MTA’s Canal Street and Spring Street stations, as well as several MTA bus routes.

About Bradford Allen

Bradford Allen is a national commercial real estate services and investment firm headquartered in downtown Chicago. Founded in 2003 by Jeffrey Bernstein and Laurence Elbaum, the company’s vertically integrated platform services entrepreneurial, corporate and not-for-profit clients in every sector. Bradford Allen offers end-to-end solutions to owners, occupiers and investors through brokerage and advisory services, building operations and management, program management and consulting, and real estate investments and development. For more information, visit bradfordallen.com.

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Editors:

For more information, please contact Matt Baker, [email protected], (312) 267-4512 or Traci Failla, [email protected], (312) 267-4516.

Ben Azulay Examines the Factors Shaping Downtown Chicago’s Office Market

Published June 24, 2026

Downtown Chicago’s office market continues to evolve as tenants and investors respond to shifting market conditions.

In a recent article for Heartland Real Estate Business, Ben Azulay, president, national brokerage services, examines the trends shaping the market in 2026, from tenant demand for high-quality space and the growing popularity of spec suites to office-to-residential conversions and renewed investment activity.

Drawing on Bradford Allen data, Azulay explores how leasing, development, and investment trends are reshaping the CBD and why location, building quality, and move-in-ready space continue to influence decision-making for tenants and investors.

Read Azulay’s full article in Heartland Real Estate Business: https://editions.mydigitalpublication.com/publication/?i=866595&p=12&view=issueViewer

Bradford Allen Completes Two Midtown East Office Leases

Published June 12, 2026

NEW YORK — Bradford Allen recently completed two long-term office leases totaling 13,922 square feet at 880 Third Avenue in Midtown East, reflecting continued tenant demand for well-located office space in Manhattan. Bradford Allen’s Gordon Ogden, executive managing director, and Ava Beganovic, senior associate, represented both tenants in the transactions.

Private Export Funding Corporation (PEFCO), a financial institution that provides financing for U.S. exports, signed a 13-year lease for 9,577 square feet, occupying the entire ninth floor of the 18-floor office tower. The firm relocated last month from 675 Third Avenue.

The Permanent Mission of Belize to the United Nations signed a 12-year lease for 4,345 square feet on the building’s 13th floor. The organization will relocate its offices from 675 Third Avenue later this summer.

“Midtown East continues to see strong demand from tenants seeking long-term stability and highly accessible locations,” said Ogden. “These transactions reflect the continued appeal of well-located buildings with institutional ownership and efficient floor plates.”

Ownership at 880 Third Avenue, Jack Resnick & Sons, was represented in-house by Brett Greenberg and Adam Rappaport.

Located in Midtown East, 880 Third Avenue offers convenient access to Grand Central Terminal, the Lexington Avenue subway lines and a wide range of nearby dining and retail amenities.

Chicago CBD: The 3,000-5,000 SF Segment

Published June 11, 2026

Chicago’s CBD office market supports users of all sizes, from multi-floor corporate headquarters to small partnerships. In our recent experience, space in the 3,000- to 5,000-square-foot range has become increasingly competitive, particularly in quality buildings and desirable locations.

Read the full article now

Bradford Allen Closes 60,000-SF Lease with Quill at Tri State Lincolnshire

Published June 11, 2026

Bradford Allen has executed a 60,000-square-foot lease with office supply retailer Quill at Tri State Lincolnshire in Lincolnshire, Ill.

CHICAGO – Bradford Allen, a national full-service commercial real estate development and advisory firm, today announced it has executed a 60,000-square-foot lease with office supply retailer Quill at 300 Tri State International Drive in Lincolnshire, Ill. The office is within Tri State Lincolnshire, a five-building, Class A, 560,000-square-foot office complex owned, operated and leased by Bradford Allen in Chicago’s northern suburbs.

Quill — which celebrates its 70th anniversary this year — is a provider of office equipment, supplies and technology products for businesses of all sizes. The lease renewal follows the company’s relocation to Tri State Lincolnshire in 2023. Bradford Allen’s Dan Fernitz, executive vice president, Chicago suburbs, negotiated the lease on behalf of ownership.

“The decision by an office supply company to renew its commitment to physical space is itself a vote of confidence for the office market’s trajectory,” said Fernitz. “This lease aligns with what we continue to see across well-positioned suburban corridors, where operational stability and proximity to talent remain priorities for businesses making long-term decisions about where they work.”

Bradford Allen has invested more than $30 million in improvements since acquiring Tri State Lincolnshire in 2017. Renovations have included substantial upgrades to building lobbies, conference rooms, elevators, the 135-seat auditorium and on-site fitness center, as well as complete replacements to the properties’ roofs and cooling towers. The campus also includes lush grounds with a pond, walking trail, picnic areas and a gazebo.

Suburban office fundamentals appear to be heading in the right direction, according to Bradford Allen’s Year-End 2025 Office Market Report: Suburban Chicago. Annual net absorption in the suburban Chicago market was negative 179,000 square feet at the end of 2025, a significant improvement over the negative 1.3 million square feet recorded in 2024.

Tri State Lincolnshire is located at the four-way interchange of the Tri-State Tollway (I-94) and Half-Day Road (Route 22), offering convenient access to downtown Chicago and O’Hare International Airport.

About Bradford Allen

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Editors:

For more information, please contact Matt Baker, [email protected], (312) 267-4512 or Traci Failla, [email protected], (312) 267-4516.

New Leases and Renewals Push Edens Corporate Center Past 90% Leased

Published June 9, 2026

CHICAGO — Bradford Allen, a national full-service commercial real estate firm, today announced the completion of more than 27,000 square feet of leasing activity at Edens Corporate Center in Northbrook, Ill. The transactions include a mix of new leases, renewals and expansions that have pushed the property beyond 90% leased.

Executive managing director Joel Berger and senior associate Stacy Dikta represented ownership in all transactions.

Recent leasing activity at the property includes new leases with Hoopis Performance Network and Shift Concierge Medicine; renewals with Blue Chip and CrossCountry Mortgage; and renewal-and-expansion agreements with MSBD Capital and Kaizen Wealth Management.

John Arends of Colliers represented Hoopis Performance Network, Darryl Silverman of Colliers represented Shift Concierge Medicine and Chris Cummins of JLL represented Blue Chip in their respective transactions.

“We continue to be successful because properties like Edens are rooted in the communities they serve,” said Berger. “We work hard to understand what tenants need and help them find solutions that work for their businesses. That approach has helped drive both strong tenant retention and new leasing activity at the property.”

Owned, managed and leased by Bradford Allen, Edens Corporate Center is located at the intersection of Dundee and Skokie roads in Northbrook with convenient access to the Edens Expressway/I-94 and nearby dining and retail amenities. Recent property upgrades include modernized lobbies and common areas, a new amenity center with a fitness center and conference facility and an outdoor collaboration space. Following the recent leasing activity, the property now has only three suites remaining.

About Bradford Allen:

Bradford Allen (BA) is a commercial real estate firm based in the heart of downtown Chicago. Founded in 2003 by Jeff Bernstein and Larry Elbaum as an office brokerage, the firm has grown into a vertically integrated commercial real estate company, offering a full array of services and expertise across multiple U.S. markets to entrepreneurial, corporate and not-for-profit clients, including strategy, marketing and transaction execution for occupiers, investors and owners. For more information, visit bradfordallen.com.

Aghfar Arun Named to GlobeSt.’s CRE’s Aspiring Leaders of 2026

Published June 4, 2026

CHICAGO — Bradford Allen today announced that Aghfar Arun, executive director, hospitality, has been named one of GlobeSt.’s CRE’s Aspiring Leaders of 2026, a national recognition honoring emerging commercial real estate professionals who are making a significant impact across the industry.

Arun leads Bradford Allen’s hospitality platform, which has expanded significantly under his leadership. Since joining the firm, he has helped grow the portfolio to eight hotels totaling more than 1,100 keys and recently spearheaded the $30 million redevelopment of Hyatt Centric Chicago O’Hare. GlobeSt. recognized Arun for his leadership, operational expertise and ability to drive both financial performance and guest satisfaction across the firm’s hospitality portfolio.

“I am honored to be recognized alongside such an accomplished group of commercial real estate professionals,” said Arun. “This award reflects the work of an incredible team and the opportunities Bradford Allen has provided to build and grow its hospitality business. I look forward to continuing to expand our platform and create value for our guests, partners and investors.”

Prior to joining Bradford Allen, Arun worked at Hodges Ward Elliott, where he participated in hospitality transactions exceeding $100 million and supported assignments totaling more than $1 billion. Today, he oversees a growing portfolio of hospitality assets while leading investment, operational and asset management strategies across the platform.

The annual CRE’s Aspiring Leaders award recognizes emerging leaders whose achievements are driving growth and innovation across commercial real estate.

Bradford Allen Expands New York Retail Team with Addition of Jessica Hedrington

Published June 3, 2026

NEW YORK — Bradford Allen has hired Jessica Hedrington as director in the firm’s New York office, strengthening its retail brokerage team as the company continues to expand its presence in New York City. Hedrington brings 14 years of experience representing landlords, developers and retail brands on leasing and expansion initiatives across the market.

Prior to joining Bradford Allen, Hedrington spent more than a decade at RiPCO Real Estate, where she advanced to director of retail leasing. During her tenure, she worked with developers including RXR, Acadia Realty Trust, The Richman Group, Grid Properties and L+M Development Partners. She also supported the growth of retail brands, including Exponential Fitness, the parent company of Club Pilates and Pure Barre, and Juici Patties.

“Jessica’s experience across both landlord and tenant representation, combined with her deep knowledge of the New York retail market, makes her a strong addition to our growing team,” said Ben Azulay, president, national brokerage. “She brings an entrepreneurial approach to leasing and understands how to create value for owners and retailers.”

Hedrington is a recipient of the CoStar Power Broker Award for Top Deal in the NYC Outer Boroughs and is a member of ICSC. Throughout her career, she has completed transactions across a variety of neighborhoods and asset types, with expertise in Upper Manhattan.

“At Bradford Allen, I’m excited to help grow the retail practice alongside a team I respect,” said Hedrington. “New York’s retail landscape continues to evolve, and I look forward to creating opportunities for the businesses and landlords that make the city thrive.”

About Bradford Allen: