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| Kirsten Bowersox |
Schaumburg, IL –
Schaumburg-based SVN Crossroads Management, LLC has been awarded the property
management contracts for 14 separate properties comprising 420,000 square feet
of space in the fourth quarter, bringing the firm’s portfolio to more than 3
million square feet.
“We had a very busy year in 2014, increasing our portfolio
by 30 percent,” said Kirsten Bowersox, chief operating officer for SVN
Crossroads.
“The hard work from the team at Crossroads eclipsed our
annual goals and this last batch of contracts contains properties in new markets
for the firm, including Chicago’s hot West Loop area.
“ This amount of activity led to six new hires at Crossroads
in 2014. With this momentum, 2015 is shaping up to be an even better year.”
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| Michael Nortman |
Properties in the fourth quarter contracts include: 909 W. Washington
Blvd. in Chicago, a 9,200-square-foot retail property with national tenants
such as Chase, UPS and Dunkin’ Donuts; 4200 W. Diversey Ave. in Chicago, a
150,000-square-foot industrial flex building; 1110 Green St. in McHenry, Ill.,
a 52,000-square-foot mixed-use property with ground floor retail and 27
apartments and 1220 Hobson Road in Naperville, Ill., a 42,400-square-foot
medical office space.
The remaining properties contain a mix of office, retail and
industrial space.
According to Michael Nortman, founder of SVN
Crossroads and Crossroads Development Partners, Crossroads also formed several
strategic partnerships in 2014, aligning with multiple institutional investors,
and is actively pursuing other property management companies to roll into the
Crossroads brand.
“Institutional investors like working with Crossroads
because it offers full-service property management with an entrepreneurial
vision,” said Nortman.
“As we continue to expand in the market, we will be
seeking management companies to purchase and bring under the Crossroads
banner.”
SVN Crossroads
Management is an award-winning full service real estate management firm,
providing property management, asset management, construction management and
consulting services on a variety of commercial real estate assets throughout
the Chicagoland area and in selected markets nationwide.
Currently, the
portfolio of assets under management is over 2 million square feet.
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 http://www.svncrossroads.com/
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