 |
| Kristen Helma |
Schaumburg, IL (Feb. 24, 2014) – Schaumburg-based SVN Crossroads Management, LLC has
been awarded the property management contract of a 101,500-square-foot
multi-tenanted retail center known as Barrington Square and a
53,300-square-foot office building known as Blackberry Falls in Hoffman
Estates, Ill.
“We are making a
full-court-press to increase our market share in 2014,” says Kirsten Helma,
chief operating officer for SVN Crossroads, who joined the company late last
summer.
“Owners should
expect more from their management firms and SVN Crossroads has the in-house
expertise and platform to deliver uniquely superior guidance and service.
“Property management should not just be a service. It is a
true partnership and we structure our management agreements so they are
completely aligned with our clients.”
 |
| Blackberry Falls, Hoffman Estates ,IL |
Barrington Square and Blackberry Falls are owned by Caruso
Development, which previously self-managed the properties.
Situated in high-traffic areas in Chicago’s northwest
suburbs, the buildings offer superb locations for retail and office tenants.
Current tenants at Barrington Square include America’s Bar and Grill, GiGi’s
Playhouse, and Poplar Creek Bowl.
“I chose to work
with SVN Crossroads because we have similar goals when dealing with tenants and
the public,” said Joe Caruso, owner of Caruso Development. “Their platform and style were the closest
to our own and how we’ve been managing for 35 years.”
Office Leasing Activity Picks Up
In other activity,
the development arm of SVN Crossroads Management, Crossroads Development
Partners, reports steady leasing in its suburban office holdings.
 |
| Barrington Square Town Center Hoffman Estates, IL |
At 6400 Shafer
Court in Rosemont, Ill., Land and Lakes Company leased 3,183 square feet for a
66-month term. The landlord was represented by Dan O’Neill and Jack Reardon of
NAI Hiffman, while Mike Fortuna of Newmark Grubb Knight Frank represented the
tenant.
International
Housewares Association expanded by 1,704 square feet, with Zachary Fox and Joe
Stevens of Transwestern representing the landlord and Greg Raus of Jones Lang
LaSalle representing the tenant.
Fox and Stevens also represented the landlords
in a 24-month lease renewal of 3,526 square feet for FiveCubits, Inc.
At 1300 Woodfield Road, Schaumburg, Ill., Mark Smith and
Bill Saviski of CBRE represented the landlord in a, 4,555-square-foot renewal
and expansion for Advanced Resources, LLC.
“These long-term leases speak to the quality and desirability
of these excellently managed and well-located properties,” said Lee Kotler,
principal of Crossroads Development Partners. “We look forward to working with
these tenants as they continue to grow their operations.”
 |
| Lee Kotler |
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
