Author Archives: Matt Baker

Bradford Allen Closes On Nearly 25,000 Square Feet of Leases with Illinois Retina

Published July 17, 2026

CHICAGO (July 16, 2026) – Bradford Allen, a national full-service commercial real estate development and advisory firm, today announced it has executed two recent leases with Illinois Retina in the Chicago market. The medical services provider signed a 16,228-square foot lease in north suburban Skokie, Ill., as well as an 8,728-square-foot lease in Munster, Ind., 30 miles southeast of Chicago.

Craig Nadborne, executive managing director, brokerage services at Bradford Allen, negotiated the leases on behalf of Illinois Retina. Nadborne has completed more than a dozen lease renewals, relocations, expansions and renegotiations on behalf of Illinois Retina over the course of 20 years.

“For more than two decades, Illinois Retina has trusted us to help align its real estate with the needs of its physicians, staff and patients,” said Nadborne. “Relationships of that duration are built over time, and these latest transactions reflect the group’s growth and continued commitment to accessible, well-located care in the Chicago-area market.”

The Skokie office is located at Concourse Office Plaza, 4709-4711 Golf Road. The long-term transaction represented a renewal and expansion from approximately 3,000 square feet. The property, which is comprised of two 12-story medical office buildings, is located 1 mile from the Edens Expressway. Nearby amenities include Westfield Old Orchard mall, Endeavor Health Skokie Hospital and the North Shore Center for the Performing Arts.

Illinois Retina’s Munster location relocated from a smaller facility to 9200 Calumet Ave. as part of a long-term lease. The single-story medical office complex is located less than 2 miles from the Borman Expressway.

Suburban Chicago recorded its strongest first-half office net absorption since 2018, according to Bradford Allen’s Mid-Year 2026 Office Market Report: Suburban Chicago. Both vacancy and leasing activity improved modestly in the first half of 2026 compared to the end of last year, with over 2 million square feet of office space leased in the suburbs. New leasing drove the majority of activity in the first half of 2026, accounting for more than 80% of deals over 10,000 square feet.

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.

Editors:

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

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

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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.

Bradford Allen Completes Six More Leases at Las Olas Centre

Published June 15, 2026

FORT LAUDERDALE, Fla. — Bradford Allen today announced six leases totaling 35,566 square feet at Las Olas Centre, its 470,810-square-foot office complex at 350 and 450 E. Las Olas Blvd. in downtown Fort Lauderdale.

The transactions include new leases with Two Roads Partners for 4,674 square feet, eCapital for 4,002 square feet, BAFLL for 2,901 square feet, and Chromalloy for 2,863 square feet. Ameriprise renewed its 11,948-square-foot lease, while Dickinson Wright renewed its 9,178-square-foot lease. The activity follows Deloitte’s 18,657-square-foot lease at Las Olas Centre, the Fort Lauderdale office market’s largest lease of 2025.

“These transactions reflect the continued demand for high-quality office space in the heart of downtown Fort Lauderdale,” said Larry Elbaum, co-founder, Bradford Allen. “The combination of Las Olas Centre’s premier location, on-site amenities, and ongoing capital improvements creates a compelling environment for companies seeking to attract employees and support their long-term business objectives.”

Bradford Allen acquired Las Olas Centre in February 2025 and is investing more than $25 million to enhance the property. Improvements include updated lobbies, technologically advanced conference facilities, a state-of-the-art fitness center, and new outdoor spaces.

Jon Blunk, Laurel Oswald, Cristina Glaria, and Harrison Mischel of TCRE represented ownership in the transactions. Scott Vinett of Savills New York represented Two Roads Partners. Clay Sidner and Griffin Garroway of Newmark represented eCapital. Adam Bernstein of JLL represented Dickinson Wright. AJ Belt and Jeff Holding of Cushman & Wakefield represented Chromalloy. Holding also represented Ameriprise.

Located along Las Olas Boulevard, the two-building complex offers convenient access to restaurants, retail, hotels, residential communities, and cultural attractions in downtown Fort Lauderdale.

About Bradford Allen

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.

Bradford Allen Welcomes First Residents to Arbor House Apartments in Arlington Heights, Ill.

Published May 14, 2026

New luxury apartment community anchors 18-acre mixed-use district at village’s southern gateway

ARLINGTON HEIGHTS, Ill. (May 14, 2026) — Bradford Allen, a national full-service commercial real estate development and advisory firm, today announced the grand opening of Arbor House, its new luxury apartment community located at the southeast gateway to Arlington Heights. The eight-story, 301-unit community at 25 E. Algonquin Road marries the comfort and space of suburban living with the sophisticated amenities and design standards more commonly associated with urban high-rises.

Bradford Allen commemorated the community’s opening with a ceremony on May 13. Also in attendance were Village of Arlington Heights Mayor Jim Tinaglia, village officials, members of the Clark Construction team, local businesses and Arbor House residents.

Arbor House offers studio, one-, two- and three-bedroom apartments showcasing upscale finishes such as quartz countertops and in-unit laundry, many with balconies. The community’s concrete construction provides an additional layer of sound insulation, ensuring a quieter, more private living environment.

“Arbor House was designed from the ground up with today’s discerning renters in mind,” said Brian Carley, senior vice president, development, at Bradford Allen. “From the generous amenities to the thoughtfully crafted floor plans, every detail reflects our belief that where you live should genuinely enhance how you live.”

Spanning 17,500 square feet, Arbor House’s indoor and outdoor amenity collection is among the most expansive in the suburbs. The state-of-the-art fitness center is equipped for every stage of a workout, from strength training and cardio to Peloton cycling and dedicated stretching and recovery. A resident lounge with golf simulator, game tables, television and kitchen provides a natural gathering space. Additional amenities include coworking suites on the first and fourth floors, concierge desk, covered parking and pet-friendly amenities including an on-site dog run and washing station.

Residents also have access to a private outdoor terrace featuring a pool, spa, fire pits, grills and social seating with views of Busse Woods and the Chicago skyline. Complementing the residential offering, 26,000 square feet of ground-floor retail further animates the streetscape and brings everyday conveniences directly to residents’ doorsteps.

Arbor House serves as the anchor of Bradford Allen’s 18-acre mixed-use district known as Arlington Gateway. The project reimagines the southeast entrance to Arlington Heights as an all-in-one community where residents can live, work and socialize. The integrated master plan concept includes a full renovation of the former Daily Herald building, now branded as Arlington Med, placing Arbor House residents steps from a 150,000-square-foot state-of-the-art wellness center focused on providing patient-first experiences.

“The suburban rental market has grown more sophisticated, and Arbor House was designed to meet that moment,” said Carley. “We’re delivering an experience that rivals the best downtown communities, ensuring residents don’t have to choose between the space and comfort of suburban life and the energy of a premium, amenity-rich downtown building.”

Prominently located at the intersection of Algonquin and Arlington Heights roads, Arbor House is close to downtown Arlington Heights and the Busse Woods nature preserve. The property has immediate access to the Jane Addams Memorial Tollway and is approximately 3 miles from the Arlington Heights Metra station. O’Hare International Airport, Allstate Arena and numerous hotels, restaurants and shopping centers are also minutes away.

Monthly rents at Arbor House start at $1,895. Leasing appointments are offered daily and can be scheduled by visiting arborhouseapartments.com. Arbor House is exclusively leased by Cross Street.

About Bradford Allen:

Bradford Allen Secures 18,657-Square-Foot Office Lease with Deloitte at Las Olas Centre in Fort Lauderdale, Fla.

Published January 12, 2026

Bradford Allen has secured a long-term, 18,657-square-foot office lease with Deloitte at Las Olas Centre, 350 and 450 E. Las Olas Blvd. in Fort Lauderdale, Fla.

Downtown FTL’s largest lease in 2025 signals confidence in Bradford Allen’s planned $25M renovation

FORT LAUDERDALE, Fla. (Jan. 12, 2026) — Bradford Allen, a national full-service real estate firm, today announced the successful completion of a new 18,657-square-foot office lease with Deloitte at Las Olas Centre, 350 and 450 E. Las Olas Blvd. in Fort Lauderdale, Fla., beginning in 2026 as part of a long-term deal. Bradford Allen provides asset and property management for the building.

The deal with Deloitte was negotiated and signed within the first 10 months of Bradford Allen’s acquisition of the property and closed in December. It represents the largest new lease executed in downtown Fort Lauderdale last year, per CoStar.

Bradford Allen purchased Las Olas Centre in February 2025 and is investing $25 million to upgrade the 470,810-square-foot office complex, the firm’s first acquisition in South Florida. Bradford Allen is currently constructing a full floor of move-in ready spec suites—with expected delivery by the end of February 2026—renovating the property’s lobbies and putting in technologically advanced conference rooms, a state-of-the-art fitness center and outdoor space to create the best-in-class offering in the market.

“Las Olas Centre occupies what’s agreed to be the most desirable location in downtown Fort Lauderdale and just needed renovations to return it to a Class A+ space,” said Larry Elbaum, co-founder of Bradford Allen. “Our substantial investment has reshaped how the market views this property, with upgrades that rival top-tier properties in the region. Offering that level of experience at a more compelling price point than Miami or West Palm has generated strong, sustained interest from brokers and tenants alike.”

Jon Blunk and Laurel Oswald of TCRE negotiated the deal on behalf of Bradford Allen.

Built in 1997, Las Olas Centre offers views of the ocean, river and city skyline, as well as first-floor retail and restaurant tenants including Starbucks. The complex also includes 1,344 parking spaces in a multi-story covered deck. Other tenants at the property include KPMG, Wells Fargo, HCA Health Services of Florida, Morgan Stanley and Gunster.

350 and 450 E. Las Olas Blvd. offers easy access to transportation, including Interstate 95, the Brightline train and several bus routes. In addition to parking, the office complex also has bike storage.

Bradford Allen owns properties in suburban Chicago; Greenwich, Conn.; Denver; Jacksonville, Fla.; and other markets. The firm has made a number of other value-add investments in large office properties as well.

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.

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Editors:

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

Bradford Allen’s Ben Azulay Elected to TCN Worldwide Board of Directors

Published October 27, 2025

Ben Azulay, President of Brokerage at Bradford Allen

Ben Azulay, president of brokerage services at Bradford Allen, has been elected to the TCN Worldwide Real Estate Services Board of Directors.

CHICAGO — Bradford Allen, a national full-service real estate firm, today announced Ben Azulay, president of brokerage services, has been elected to the Board of Directors of TCN Worldwide Real Estate Services, a consortium of independent commercial real estate firms. In this role, he will help to oversee TCN’s operations and provide strategic guidance, including about the organization’s expansion into new markets.

Azulay joined Bradford Allen in 2004 as an associate and, following promotions to managing director, senior managing director and principal, was named president of brokerage services earlier this year by the firm’s co-founders and principals, Jeffrey Bernstein and Laurence Elbaum. A member of the firm’s leadership team, Azulay is responsible for building Bradford Allen’s tenant and landlord representation business for office, retail and industrial assets across the country.

“Ben is a well-known force in our industry with a relationship-driven style that has built trust with clients and strengthened Bradford Allen’s reputation in every market we serve,” said Elbaum. “His leadership and insights into how businesses think about space have been invaluable to our growth, and his election to the TCN Worldwide Board is well-deserved recognition from his peers.”

Among his numerous accomplishments, Azulay represented Guggenheim in its recent expansion to 360,000 square feet in New York; completed over 100 transactions across the country for MedSpeed, a client with which he has worked for more than two decades; secured favorable leases for Northwestern Mutual; and assisted D4 Solutions with its relocation and expansion in the Chicago suburbs and outside of St. Louis. He has also counseled numerous nonprofits, including Team Rubicon, Children’s Research Triangle and Cure Violence Global.

Comprised of leading independent brokerage firms, TCN Worldwide provides complete integrated real estate solutions in more than 200 markets globally. Bradford Allen was named TCN’s Chicago affiliate in 2004 and New York City affiliate in 2021 and has been active in its board leadership for almost 20 years. Elbaum was elected to the board in 2006 and served one term as vice chair in 2008 and two terms as chair in 2010 and 2014, while Azulay, who joined the board as secretary in 2017, was also elected as a member in 2021.

Azulay has a Bachelor of Arts in political science from the University of Wisconsin-Madison. He serves on the boards of the University of Wisconsin Hillel and Camp Ramah in Conover, Wis. His podcast, “Ten with Ben,” spotlights emerging commercial real estate trends.

Bradford Allen has offices in Chicago and Manhattan. In addition to its brokerage business, the firm also has investment and development arms with active projects in suburban Chicago, Indianapolis, Nashville and other markets nationwide.

About Bradford Allen:

Bradford Allen (BA) is a commercial real estate firm based in the heart of downtown Chicago. Founded in 2003 by principals Jeffrey Bernstein and Laurence 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.

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Editors:

For more information, contact Matt Baker, [email protected], (312) 267-4512 or Patty Cronin, [email protected], (312) 267-4513.

Bradford Allen Named Exclusive Leasing Agent for Newly Renovated 1333 N. Kingsbury in Chicago

Published September 5, 2025

Bradford Allen has been named the exclusive leasing agent for 1333 N. Kingsbury, a newly renovated office building in Chicago’s Lincoln Park/Clybourn Corridor. (Credit: Guillermo Pizano Núñez)

CHICAGO — Bradford Allen announced its appointment as exclusive leasing agent for 1333 N. Kingsbury, a newly renovated office building in Chicago’s Lincoln Park/Clybourn Corridor, led by Associate Directors Katrina Dougherty and Michael Flinchbaugh.

With skyline-facing outdoor terraces, full-height windows and free, gated tenant parking available, 1333 N. Kingsbury blends boutique appeal with modern building upgrades, including a new lobby, elevators, windows and adaptable space suitable for a range of users. Current availabilities range from 1,500 to 40,000 square feet.

“1333 N. Kingsbury combines light, amenities and access in a location with growing momentum,” said Dougherty. “The building has ample parking for tenants and visitors, and outdoor terraces on each floor — amenities in high demand today. Pair these advantages with great ownership that can deliver turnkey space aligned to office and retail tenant needs, and you have a clear, low-friction path to high-quality space just north of the traditional downtown core.”

1333 N. Kingsbury’s location offers convenient access, steps from the North Avenue retail spine, four blocks from the CTA Red Line at North/Clybourn, near multiple CTA bus routes, and minutes to the Kennedy Expressway to the west and Lake Shore Drive to the east. Its address combines the best proximity to Lincoln Park and Old Town with the convenience to downtown.

The property is owned by a partnership of Structured Development and ZSD, led by J. Michael Drew and Zev Salomon, respectively. The team has been instrumental in shaping the Clybourn Corridor’s live-work-play dynamic and continues to drive it forward with new development. At 1333 N. Kingsbury, ownership’s latest milestone is a new lease with Goose Island Golf Club for just over 5,000 square feet, further activating the street level and reinforcing leasing momentum at the asset.

For leasing information on 1333 N. Kingsbury, contact Bradford Allen’s Katrina Dougherty and Michael Flinchbaugh or visit www.1333nkingsbury.com.

About Bradford Allen:

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Editors:

For more information or to schedule an interview, contact Matt Baker, [email protected], (312) 267-4512 or Patty Cronin, [email protected], (312) 267-4513.

Bradford Allen Acquires 179,000-Square-Foot Office Building in Rosemont, Ill.

Published August 13, 2025

6400 Shafer Court in Rosemont, Illinois.

Purchase marks company’s third commercial real estate acquisition in Rosemont in as many years.

CHICAGO — Bradford Allen today announced it has purchased 6400 Shafer Court, a seven-story, 179,000-square-foot office building in Rosemont, Ill., minutes from O’Hare International Airport. The firm plans to invest more than $7 million in upgrades and will manage and lease the property.

The purchase marks the company’s third acquisition in the Rosemont submarket in as many years. Bradford Allen previously bought Pointe O’Hare, a Class A office building at 9550 W. Higgins Road, in 2022, raising occupancy to over 85% from less than 60% in just two and a half years. In 2023, it acquired the Hyatt Rosemont at 6350 N. River Road, converting it to the recently opened Hyatt Centric Chicago/O’Hare after a $30 million renovation.

“Our purchase of 6400 Shafer reaffirms our commitment to this part of Rosemont, which has tremendous potential as a multi-experiential district,” said Laurence Elbaum, principal and co-founder of Bradford Allen. “It’s centrally located, has superior transit access and boasts retail, restaurant, entertainment and hospitality offerings that make it a draw for corporate users.

“6400 Shafer is a rare asset in its ability to offer mid-priced, highly amenitized office space in the O’Hare submarket,” he added.

Located between Higgins Road and Devon Avenue, with immediate access to the Tri-State Tollway and Kennedy Expressway, 6400 Shafer offers Class A amenities like a heated indoor parking garage, state-of-the-art fitness center, free shuttle service to O’Hare and the CTA Blue Line, and on-site café. It is steps from Cima, the new restaurant housed in the neighboring Hyatt Centric hotel, as well as other dining options, including those at the adjacent Rivers Casino Des Plaines.

In addition to addressing deferred maintenance, Bradford Allen will make upgrades including new spec office suites ranging in size from 2,000 to 5,000 square feet, updated locker rooms and a modernized conference facility. It acquired the property from the village of Rosemont, which purchased the asset from its prior lender following foreclosure.

Joel Berger and Norm Murdoch of Bradford Allen will handle leasing for the property, which was about 60% occupied at the time of purchase. Current tenants include Acrisure, Planet Fitness and TrueNorth Insurance.

In addition to Rosemont, Bradford Allen also owns properties in suburban Chicago in Downers Grove, Deerfield and Northbrook; Greenwich, Conn.; Denver; Jacksonville, Fla.; Fort Lauderdale, Fla.; and other markets. The firm has made a number of other value-add investments in large office properties as well.

About Bradford Allen:

Editors:

For more information or to schedule an interview, contact Matt Baker, [email protected], (312) 267-4512 or Patty Cronin, [email protected], (312) 267-4513.