SVN Crossroads Management Awarded 356,300 SF of Property Management Contracts in Greater Chicago Area

Kirsten Helma

Schaumburg, IL – Schaumburg-based SVN Crossroads Management, LLC has been awarded the property management contracts for eight separate properties comprising 356,300 square feet of space.

Located throughout the greater Chicago area, the properties consist of medical office, industrial flex, retail and commercial condominiums.

 “The goal for this year was to increase our market share in the Chicago area and this latest group of contracts delivers on that promise,” said Kirsten Helma, chief operating officer for SVN Crossroads, who is approaching her one-year anniversary with the firm.

“It’s been amazing what the team at SVN Crossroads has been able to accomplish in the past year. With more than 500,000 square feet of potential contracts still in the pipeline, we are confident that 2014 will be one of the firm’s strongest years.”

 In the medical office market, SVN Crossroads has agreed to provide property management services for a three-building portfolio at 115-125 Wilke Road in Arlington Heights, Ill., for a total of 123,000 square feet. The firm also has been awarded a 53,000-square-foot property at 1920 Highland Ave. in Lombard, Ill.              

Wayne Caplan

“Medical office properties require a unique management expertise and with our current successes, we look forward to expanding into this growing sector in the near future,” said Helma.

SVN Crossroads also picked up three separate retail centers, including a 66,000-square-foot facility at 2603-2709 W. Grand Ave. in Waukegan, Ill.; a 28,500-square-foot property at 435 Angela Lane in Crystal Lake, Ill.; and a 3,800-square-foot building at 1755 W. North Ave. in Chicago, which includes three commercial condominiums.

The company was referred to the Waukegan property by Wayne Caplan of SVN Chicago Commercial, the Crystal Lake property by Joel Miller of SVN Landmark Commercial Real Estate and the Chicago property by Brad Teitelbaum of Colliers International.

 In north suburban Libertyville, SVN Crossroads was awarded a contract for an 82,000-square-foot industrial flex building at 14000 Rockland Road. Crossroads was referred by Vince D’Amico of SVN Chicago Commercial. 

 “This diverse mix of property types speaks to the broad capabilities of SVN Crossroads and our ability to deliver efficient and cost-effective operations to multiple asset classes,” said Helma. 

Leasing activity    

Olivia Czyzynski

Crossroads Development Partners, the development arm of SVN Crossroads, has announced five lease transactions.

At the Medcoa Professional Building, located at 990-1000 Grand Canyon Parkway in Hoffman Estates, Ill., Crossroads has completed three lease renewals, one renewal and expansion and one new lease, totaling approximately 10,000 square feet of transactions.

Crossroads worked with Olivia Czyzynski of Sperry Van Ness, John Gussman of Century 21 Affiliated and Bob Markay of Gladstone Consulting to complete these transactions.

For a complete copy of the company’s news release, please contact:

   Mark Thomton, mthomton@taylorjohnson.com, 312-267-4523

Emily Johnson, ejohnson@taylorjohnson.com, 312-267-4522