CRE N Illinois

NAIOP Chicago recognizes industry's best and brightest at Awards for Excellence

NAIOP Chicago recognizes industry's best and brightest at Awards for Excell,ph01

On November 15, NAIOP Chicago hosted its 31st annual Awards for Excellence Program, a world-class event bringing together some of the best and brightest the industry has to offer. More than 71 finalists were cited for accomplishments and the winners in 13 categories were selected by their peers during live voting.

Special recognition went to Ron Frain, principal, industrial division at Sterling Bay, who won the 2018 Award for Excellence. Frain started his career at Gottlieb/Beale as vice president and director before co-founding Hawthorne Realty Group in 1972, where he served as executive vice president, chief administrative officer and director of industrial development until 1978 when he co-founded Frain Camins & Swartchild. Frain joined Sterling Bay in 2017.

The other 2018 award winners were:

Office Redevelopment of the Year:The National, Blue Star Properties

Industrial Speculative Development of the Year:Bridge Point 290, Bridge Development Partners

NAIOP honored Bridge Development specifically for the success of Building 1 of Bridge Point 290 which is bringing 250 jobs and $600,000 annually in tax revenue to Cicero, Illinois. The entire site, which will bring thousands of new employees to work in the area is a three-building business park comprising more than 899,000 square feet, complete with 36-foot ceilings and above-standard parking areas.

“This recognition from NAIOP and from our peers—many of which are driving the most innovative projects in the region—is a valuable affirmation of the vision behind Bridge Point 290,” said Steve Groetsema, partner, Midwest region, Bridge Development. “Upon the completion of the project, Bridge Point 290 will bring thousands of new employees to work in the region, as well as additional tax revenue that will benefit the Cicero community at large.”

Industrial Build-to-Suit Development of the Year:The School Health Corporation Headquarters, Trammell Crow Company

Broker Transaction of the Year—Downtown Office:Walgreens Boots Alliance at the Old Post Office; landlord seller brokers: Daniel Heckman, Matt Pistorio, Steve Smith and Brian Whiting, The Telos Group; tenant buyer brokers: Brian Means, Meredith O’Connor, Bill Rogers and Steve Stratton, JLL

Broker Transaction of the Year—Suburban Office:Riverwalk II; landlord seller brokers: Chris Cummins, Adam Showalter and Allyson Yates, Cushman & Wakefield; tenant buyer brokers: John Conerty and John Goodman, Savills Studley

Broker Transaction of the Year—Industrial:RJW Transport at 2601 Internationale Parkway and 1000 Veterans Parkway; landlord seller brokers: Sean Henrick and Jason West, Cushman & Wakefield and Jim Estus and Matthew Stauber, Colliers International; tenant buyer brokers: Dominic Carbonari and Frank Griffin, JLL

Broker Transaction of the Year—Office Investment: Prudential Plaza; brokers: Nooshin Felsenthal, Keith Largay and Bruce Miller, JLL

Broker Transaction of the Year—Industrial Investment: John Hancock Chicago Portfolio; brokers: Sean Devaney, Ed Halaburt and John Huguenard, JLL

Contractor of the Year:McShane Construction Company

Architecture Firm of the Year:Ware Malcomb

Engineering Firm of the Year:Kimley-Horn

Property Management Firm of the Year:NAI Hiffman

Developer of the Year:Venture One Real Estate

“We are extremely honored to receive this award from our industry peers and grateful to all of our partners for helping us with this achievement,” said Mark Goode, principal at Venture One. The firm was also nominated for Build to Suit of the year for the development of the 675,270 square foot Berner Food and Beverage regional distribution facility at Rock 39 Industrial Park in Cherry Valley, Illinois.