CHICAGO—As reported today in GlobeSt.com, there is relatively high demand for well-located class A properties in the suburbs, and Syndicated Equities Group has undertaken a series of capital and tenant improvement projects at its 400 Skokie Blvd. office building in Northbrook. Its latest move has been to bring on Riverwoods, IL-based Podolsky|Circle COREFAC International to manage the eight-story, 195,101 square-foot building located between Dundee and Lake Cook Rds. Syndicated leads the ownership group that purchased the property in 2010 for $26.2 million. The group recently secured a $19.63 million refinance of the property, and decided to dedicate a portion to the improvement project. As part of its responsibilities, Podolsky|Circle will oversee this effort. According to Podolsky|Circle, the owners sought a detail-oriented, entrepreneurial firm that could bring an owner's perspective to the day-to-day management and capital improvement functions. “We've continued to expand our capabilities in order to provide a full suite of high-quality professional services while maintaining a bottom line mindset,” says Alissa Adler, managing principal at Podolsky|Circle. “This is a great opportunity for the Podolsky|Circle platform that has been representing the owners of class A properties from the northern suburbs to the east-west corridor for decades.” “In our experience, Podolsky|Circle has the expertise and resources of a national firm, enhanced by the thoughtful focus and dedication that you typically only find in owner-operators,” says René Ristau , vice president, Syndicated Equities Group. “In their first 30 days on-site, Podolsky/Circle improved communications, conducted detailed analysis, and identified new cost-savings opportunities at the property.” CHICAGO—As reported today in GlobeSt.com, there is relatively high demand for well-located class A properties in the suburbs, and Syndicated Equities Group has undertaken a series of capital and tenant improvement projects at its 400 Skokie Blvd. office building in Northbrook. Its latest move has been to bring on Riverwoods, IL-based Podolsky|Circle COREFAC International to manage the eight-story, 195,101 square-foot building located between Dundee and Lake Cook Rds. Syndicated leads the ownership group that purchased the property in 2010 for $26.2 million. The group recently secured a $19.63 million refinance of the property, and decided to dedicate a portion to the improvement project. As part of its responsibilities, Podolsky|Circle will oversee this effort. According to Podolsky|Circle, the owners sought a detail-oriented, entrepreneurial firm that could bring an owner's perspective to the day-to-day management and capital improvement functions. “We've continued to expand our capabilities in order to provide a full suite of high-quality professional services while maintaining a bottom line mindset,” says Alissa Adler, managing principal at Podolsky|Circle. “This is a great opportunity for the Podolsky|Circle platform that has been representing the owners of class A properties from the northern suburbs to the east-west corridor for decades.” “In our experience, Podolsky|Circle has the expertise and resources of a national firm, enhanced by the thoughtful focus and dedication that you typically only find in owner-operators,” says René Ristau , vice president, Syndicated Equities Group. “In their first 30 days on-site, Podolsky/Circle improved communications, conducted detailed analysis, and identified new cost-savings opportunities at the property.”
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