Brokerage Services
Our experienced professionals provide a wide range of value-added brokerage services to our clients, including:
Property Representation
By creating unique and targeted marketing campaigns we are able to properly position our clients' properties in the market to achieve the best possible results. Whether it is a sale, lease or sublease our local market knowledge combined with our regional and national marketing capabilities ensures that our property listings receive maximum exposure to a qualified audience of potential prospects.
Tenant/Buyer Representation
Our site selection services are unique in that our professionals strive to truly understand our clients' business and operating requirements. In addition to identifying all potential properties in a given market and negotiating the best lease or sale terms, we evaluate properties based on benefits they can provide to our clients in terms of operational efficiencies, employee retention, transportation costs, etc.
We also assist our clients in identifying and procuring potential governmental incentives such as property tax reductions, state payroll tax credits and training grants.
Lease Renewals/Renegotiation
Even for our clients who are not considering a relocation we provide value-added services by renegotiating existing leases. We utilize our market knowledge and resources to identify lower cost alternatives in the market to use as leverage when negotiating lease renewals and extensions.
Corporate Services
Our Corporate Services professionals act as an extension of our clients' internal operating staff. We are a single point of contact for local, national, or international real estate needs. By understanding our clients' overall business objectives we tailor specific solutions to satisfy our clients' goals.
Services include:
- Single point of contact for local, national or international requirements
- Strategic planning for acquisitions and dispositions
- Financial analysis
- Project management
Investments
As active investors in commercial real estate, our professionals have in-depth knowledge of what it takes to properly analyze, acquire and sell investment real estate. Our experience with all aspects of property ownership such as leasing, construction, and day-to-day management allows us to provide a higher level of service to our investor clients.
We have a broad reach across a wide variety of both private equity and institutional buyers. When marketing investment properties for sale we tailor our marketing materials to accentuate the property's unique characteristics and to channel the offering to a targeted buyer audience. When representing purchasers of investment properties we properly underwrite the transaction in order to provide our clients with a realistic and accurate expectation of property performance.
Project Management
Our Project Management team offers expertise at every stage of a corporate real estate project, from early strategic planning through implementation of the project and final completion. We take on a fiduciary responsibility to oversee your project so you don't have to, thus freeing up your employees' time to do what they do best while we do what we do best.
Our services include:
- Construction management
- Interior build-outs & retrofits
- Build-to-suit consulting
- Property assessments
- Relocation management
- Site Selection
Construction
We provide third-party construction services to our clients through a joint venture with Iris Construction Services, LLC. Iris Construction is a full-service commercial construction and maintenance services company. We specialize in small to mid-sized general contracting work focusing on industrial warehouse and office build-outs. Our mission is to provide our clients with a quality design, exceptional workmanship, and a finished project that is on time and on budget.
Additional information can be found at www.iris-construction.com
Property Management
Our management philosophy is simple - we treat our clients' properties as if they were our own. We work with our clients to understand their ownership objectives and then formulate a strategy to achieve these objectives. Our experience with corporate planning, brokerage, construction and maintenance allows us to efficiently and effectively manage properties in order to maximize value.
Financing
We partner with several lending institutions to provide both real estate lending and business lending services to our clients. Our lending partners provide capital for a wide variety of projects, including:
- Conventional real estate loans
- Small Business Administration (SBA 504) loans with low downpayment options
- Refinancing of existing properties
- Business lines of credit
- Equipment loans
- Construction financing
Tax Planning
We provide consulting and advisory services to help clients reduce tax obligations. In our industry this is primarily done via three vehicles:
- Property tax incentives such as a Cook County Class 6(b) program. This program reduces real estate taxes by approximately 55% and was originally enacted to encourage revitalization and rehabilitation of functionally obsolete or abandoned industrial facilities. Over the past several years we have been successful in procuring 6(b) classifications for a variety of properties thus providing economic incentives for our clients to expand, make infrastructure improvements and create jobs.
- Cost segregation studies. Oftentimes the entire cost of construction projects is classified as real estate for tax purposes and depreciated over 39 years. This results in a small amount of annual depreciation and the county assessor picks up the full project amount for purposes of calculating real estate taxes. By properly segregating and documenting the portion of the project costs attributed to personal property, fixtures, machinery and equipment, our clients are able to generate sizable tax deductions while also reducing real estate taxes.
- Like-Kind 1031 Exchanges. It is possible to defer capital gains taxes due on the sale of a property by purchasing a "like-kind" property within 180 days. Satisfying the IRS requirements is a bit complex, but we partner with tax professionals and mediators to help our clients reduce or defer their tax obligations.
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