Bradley Company Reports on Commercial Real Estate Growth

Bradley Company released its annual “State of the Market” report April 2, finding that downtown office space is hot, thanks to projects like Electric Works.

“Fort Wayne’s strong economy has a significant impact on the commercial real estate market,” Martin Huttenlocker, vice president of Bradley Company, said in a statement. “The continued growth of downtown, along with the scarcity of industrial properties and the emergence of unique retail and restaurants, has the potential to continue these positive trends in 2019.”

The report looks at the diverse commercial real estate markets throughout Indiana and western Michigan, including Fort Wayne.

The report focuses on the office, industrial and retail sectors, and previews market opportunities in 2019. Among the highlights in Fort Wayne and Warsaw are:

● Downtown Fort Wayne’s office market is on the rise. The focus on attracting corporate headquarters downtown has spurred developments like Electric Works and Riverfront Fort Wayne. It also has contributed to a drop in the downtown office vacancy rate from 8.9 percent in 2016 to 6.5 percent at the end of Q4 2018. While these transitions have created vacancies in the suburban market, new and expanding companies are quickly filling these openings.

● Demand for available industrial space exceeds supply. A number of sizable leases in 2018 contributed to the vacancy rate declining by 200 basis points to 5.9 percent. With less space available, several speculative developments are underway in Fort Wayne, the largest being a 150,000-square-foot project that is expandable to 240,000 square feet.

In Warsaw, the Certified Tech Park development reflects the rejuvenation of the industrial/manufacturing industry with the anticipated opening of a new 57,000-square-foot shell building in 2Q 2019. Bradley expects these developments to help alleviate the unbalanced supply and demand in the market.

● E-commerce continues to revolutionize retail, bringing new opportunities for big-box spaces. As consumer preferences evolve from purchasing goods to experiences, Fort Wayne’s retail sector is mirroring this national trend with the development of the Jefferson Pointe Shopping Center.

Several big-box (more than 20,000-square-foot) spaces remain vacant in the market, but tenants are repurposing these spaces into several smaller spaces, bringing the vacancy rate down 180 points in 2018 to 10.5 percent.

Article published by By Lisa Esquivel Long of Fort Wayne Business Weekly at

https://www.fwbusiness.com/fwbusiness/article_fe26e1d9-7dc2-5055-93d1-1509cc8d911d.html

llong@kpcmedia.com

Commercial Alliance of Realtors Awards Two Bradley Company West Michigan Brokers.

Commercial Alliance of Realtors Awards Two Bradley Company West Michigan Brokers.

It was a special night and a proud moment as members of the Bradley Company team members from our Grand Rapids and Kalamazoo offices were honored for their achievements in commercial real estate. We’re excited to call them part of our team and appreciate the incredible work they do daily in their communities and for our clients.


bill.jpg

CARWM 2019 Life Time Achievement Award - was presented to Bill Bowling, SIOR


BIGGEST SALE AWARD (Kalamazoo):
JODI MILKS, Bradley Company, for the sale of a 90,000 sq. ft. office tower in Kalamazoo

jodi.jpg

6252 final email.jpg

BIGGEST SALE AWARD (Grand Rapids): 
Kevin VanHaitsma, Bradley Company, for the sale of 3001 Orchard Vista in Grand Rapids


Cautious strength: Indianapolis CRE Market Set for a Strong 2019

Cautious strength: Indianapolis CRE Market Set for a Strong 2019

JP_edited.png

Janice Paine isn’t shy about expressing her love for Indianapolis. Paine, senior vice president of brokerage for Central Indiana with Bradley Company, said that this key Midwest city offers plenty to companies: a centralized location, skilled labor force, a pro-business government and low expenses.

These are the reasons why businesses continue to set up shop in Indianapolis, Paine said. And they are the same reasons why Paine predicts another strong year for the commercial real estate market here in 2019.

“The market here has been very strong,” Paine said. “It is cautious, though, too. That is one of the things that makes Indianapolis and the Midwest such good places to invest. We tend not to overbuild like in other parts of the country. So, yes, our market has been strong for a long time. That’s because the growth here is based on solid fundamentals.”

And leading the way in the early stages of 2019? To no one’s surprise, it’s industrial.

As Paine says, Indianapolis has long been a top-performing industrial market. She says that will continue this year. Indianapolis simply has too many positives for industrial to slow, including its centralized location and strong highway access.

Combine that with a strong national economy and consumers who continue to want ever-faster delivery on the products they order online? It’s a perfect recipe for a local industrial market set to continue its boom times in 2019.

“We are a huge industrial market,” Paine said. “This market has been a top-performer every year. The industrial developments that are coming out on a spec basis, we will absorb them all. We have been doing that. Seeing all that spec development continually being absorbed is a great story.”

Paine says that the industrial sector is the only one that can continually absorb new product built on a speculative basis. As she says, you don’t see spec office or retail projects today.

But spec industrial projects? They aren’t slowing.

“We build it, and they seem to come,” Paine said.

Industrial isn’t the only sector that is thriving today in Indianapolis. The medical sector continues to grow as consumers seek changes in the way healthcare is delivered. Multifamily remains strong in Indianapolis, too, with a growing number of residents choosing to rent, many of them in an effort to gain an urban experience.

“Everyone keeps wondering when the multifamily market is going to peak,” Paine said. “But it seems that rents here keep rising. They keep building new properties. It keeps working.”

And the growth in multifamily? It is leading to growth in other sectors, too. Paine points to the self-storage business. As more people leave larger homes and move into smaller multifamily buildings, they have less space to store their stuff. They turn to self-storage.

On the retail side, fitness centers are thriving today. As Paine says, when you move from a home to an apartment, you might not have space for a massive treadmill. So instead of exercising at home, you join a gym. That’s part of the reason why so many empty big-box spaces in Indianapolis, and across the Midwest, are being filled by fitness centers.

On the office side? Indianapolis, like many Midwest markets, is seeing increased demand for flexible, co-working office spaces. This type of space is stronger than traditional office space today, Paine said.

Paine points to Yaeger Properties, which about two-and-a-half years ago built its own shared office suites in the Fort Benjamin Harrison market in Lawrence, Indiana, just outside Indianapolis. Those office suites are consistently full, Paine said. In fact, Yaeger Properties is looking for more space to build additional co-working spaces.

Again, though, when you think of the strongest markets in the Indianapolis area, it always comes back to industrial. Indianapolis is currently the second-largest FedEx hub in the world. It is projected to soon overcome Memphis to become the largest. At the same time, Amazon maintains a huge presence in the area.

The last-mile trend has certainly provided yet another boost to this sector. Companies need to open warehouses and distribution centers close to their customers so that they can ship products to them quickly. Indianapolis is situated perfectly for this trend. As Paine says, you can reach 65 percent of the U.S. population within a day’s drive from the city.

The fourth quarter Indianapolis industrial MarketView released by CBRE shows just how strong this sector has been.

CBRE reported that Indianapolis saw 2.1 million square feet of positive net industrial absorption during the fourth quarter. That makes 33 consecutive quarters of positive net absorption in the Indianapolis market.

The area also saw 3.3 million square feet of new industrial space. But even with this increase, the industrial vacancy rate in the Indianapolis market held firm at 4.5 percent, CBRE said.

And leasing activity? It remains strong, too. CBRE reported that the Indianapolis market posted 3.9 million square feet of leasing activity in the fourth quarter, with nearly 3.3 million square feet of new leases.

Paine predicts that 2019 will be another strong year for Indianapolis. This doesn’t mean, though, that the city’s commercial real estate market won’t face challenges.

Construction costs, both in terms of labor and materials, continue to rise, making it more expensive to develop new projects. This doesn’t impact only new construction. Paine says that it makes it more expensive, too, to fund improvements to existing buildings, improvements that owners often need if they want to continue to attract new tenants to their spaces.

Other potential challenges include interest rate hikes, uncertain fiscal policies and possible legislative changes.

“No market likes risk, and that includes commercial real estate,” Paine said. “Some of those unknowns that are out there will affect people’s commercial real estate decisions in 2019.”

But in general? Paine expects more of the same in 2019, meaning a strong commercial real estate market with plenty of sales, leases and new construction.

“Overall, we are in a good economy and people feel optimistic about the future,” Paine said. “I think 2019 will be another good year for us.”

Bradley Company's Brad King Joins ICBR Executive Committee

Bradley Company's Brad King Joins ICBR Executive Committee

Brad King Photo.jpg

The Indiana Commercial Board of REALTORS® (ICBR) recently announced its 2019 executive officers. These professionals have been elected by the membership to represent the industry and serve on their behalf.

Jim Baker, Baker Commercial Real Estate, has been elected as president of the board. Baker boasts more than 40 years of experience as a REALTOR® and has served several years as the former district seven representative and within the executive committee of the ICBR board. He is actively involved in the Kentucky Commercial Real Estate Alliance (KCREA) and has earned his designation from the Society of Industrial and Office REALTORS® (SIOR) and is a Certified Commercial Investment Member (CCIM).

Stephen Daum, Colliers International Indianapolis, has been elected to serve as vice president in 2019. Daum brings more than 10 years of industry experience to his board seat, with an emphasis on working with individuals, corporations, trusts and estates on disposition solutions and commercial property sales and leasing. Prior to being elected to the executive committee, he served as district representative to the Indianapolis metro area on the ICBR board of directors.

Serving as treasurer is Carolyn Spake-Leeper, SIOR, BND Commercial. Spake-Leeper joined BND in 2015 after ten years as an associate broker at another local commercial real estate company. She specializes in sales and lease transactions of all types including both investment and owner-occupied properties. A member of ICBR and the Northeast Indiana Commercial Brokers Association, she previously served on the ICBR board as district representative to the Fort Wayne area.

Joining the executive committee this year is Brad King, Bradley Company. A long-time ICBR board member and past REALTOR® of the Year recipient, King will serve as secretary to the association. King has more than 20 years’ experience in real estate marketing, project management, planning and zoning, economic development and regulatory assistance.

Article Originally Appeared on ReJournals: https://www.rejournals.com/indiana-commercial-board-of-realtors-elects-new-leaders-20190125

Bradley Company Broker Wins Co-Broker of the Year Award

Bradley Company Broker Wins Co-Broker of the Year Award


Ross Brown.jpg

Merrillville, Indiana-based Commercial In-Sites LLC has awarded its Co-broker of the Year Award to senior commercial broker Ross Brown of the Bradley Company’s Merrillville office.

Brown has more than 10 years experience in commercial real estate. Before joining the Bradley Company, Brown was vice president at a real estate financial services company. During his three-year tenure there, he managed a $400 million loan pipeline and secured financing for more than $45 million in commercial real estate transactions across the country.


Article Originally Appeared at ReJournals : https://www.rejournals.com/bradley-company-broker-wins-co-broker-of-the-year-award-20190122

Comment

The 25th Annual Market Study Shows Value Insights In Strong, but Uncertain Economy

KAR Auction Services Campus | Indianapolis - 250,000 SF Office Planned for Completion in 2019 - See more Great Projects & Insights like these inside the Market Study!

KAR Auction Services Campus | Indianapolis - 250,000 SF Office Planned for Completion in 2019 - See more Great Projects & Insights like these inside the Market Study!

SOUTH BEND, Ind. – April 12, 2018 –– Bradley Company’s 25th annual Market Study analyzes how commercial real estate is growing and changing with regions throughout Indiana and Michigan.

The company’s study, which is now available for free, has extensive data and analysis of the current conditions and trends in the commercial real estate industry for the state of Indiana and West Michigan. This useful tool also includes a forecast for the remainder of 2018.

The Market Study covers all of Bradley Company’s markets. The company has offices in Indianapolis, Fort Wayne, South Bend, Warsaw, Elkhart and Merrillville, Indiana and Grand Rapids and Kalamazoo, Michigan.

Bradley Company is marking 40 years in the industry in 2018 and is able to offer expertise and analysis with a Midwest perspective. Bradley Company continues to grow and this year’s Market Study reflects how each of its regions are performing.

New construction of mixed-use developments is occurring throughout each region in Indiana and Michigan. Indiana’s Regional Cities funds have helped spur investments being made across northern Indiana, and demand for industrial space is strong throughout the various regions.

To take a look at the highlights happening across all of our markets download or request a copy of the 2017-18 Annual Market Study, as well as each of the separate regional studies, click the button below.

 

Bradley Company would like to thank the sponsors who made the 2017-2018 Market Study possible: Barnes & Thornburg LLP, Great Lakes Capital, Fidelity National Title, Notre Dame Federal Credit Union, Lake City Bank, Teachers Credit Union, and Kruggel Lawton CPA.

                                                        -------------------------------                         

                                                      About Bradley Company

Bradley Company was founded in 1978 and has grown to become one of the leading full-service commercial real estate firms in the Midwest. With eight regional offices in Indiana and Michigan, Bradley Company provides commercial brokerage services, commercial and multi-housing management, real estate tax consulting, maintenance services, project and facilities management, corporate services, research services and strategic planning. Bradley Company employs more than 250 professionals who manage roughly 3,000 multi-housing units and nearly 10 million square feet of office, medical, industrial and retail space. For more information, please visit www.bradleyco.com

Bradley Company would like to thank the sponsors who made the 2017-2018 Market Study possible: Barnes & Thornburg LLP, Great Lakes Capital, Fidelity National Title, Notre Dame Federal Credit Union, Lake City Bank, Teachers Credit Union, and Kruggel Lawton CPA.

       

Comment

Skyline Tower to be “topped off” in coming days

Skyline Tower to be “topped off” in coming days

The project has attracted the praise of Gov. Eric Holcomb. “Downtown amenities and housing are essential to building quality of place, and the Skyline Tower in Fort Wayne will be a driving force in creating vibrant communities that retain and attract talent, supporting northeast Indiana on its Road to One Million,” said Holcomb at the time of the groundbreaking.

Bradley Company Grand Rapids unveiling new office in Waters Center

Bradley Company Grand Rapids unveiling new office in Waters Center

Grand Rapids, MI – November 8, 2017

Bradley Company is expanding its office in a new location due to continued growth. Since opening in 2014, the office has grown from three employees to 10. The company’s real estate listings have grown 285 percent and annual deal values have increased 3,000 percent. “We’re excited not just for our growth, but for the growth happening around us,” said Sally Tucker, managing director of Bradley Company Grand Rapids, one of eight offices the commercial real estate company has in Indiana and Michigan.

The new office is at the Waters Center, at 161 Ottawa Ave. NW, Suite 308, overlooking Grand Rapids’ Central Business District. The Waters Center was the 2016 Project of the Year for the Commercial Alliance of Realtors in West Michigan. Ongoing growth both in property management and commercial brokerage necessitated a larger office. Brokerage has increased, but so has Bradley Company’s property management of both retail and multi-family accounts. “Our business footprint has grown significantly in the last three years,” said Tucker. In 2016, Jeff Tucker joined the company as vice president for office brokerage in the Grand Rapids Market. He has 25 years of real estate experience and helps clients with strategic planning, transaction execution for both acquisition and dispositions, and portfolio management throughout the West Michigan region. Drew Nelson became a brokerage associate in 2016 for

Bradley Company. He specializes in office, retail and investment properties and also has more than 25 years of experience. The 2,700-square-foot office has an open design to encourage collaboration among the employees. “Our team values working together to find solutions for our customers,” said Tucker, who started working in commercial real estate 12 years ago after returning to Michigan from a career in the apparel industry in New York City. “We’re pleased with the expansion of our office in Grand Rapids and how our experienced team is growing to help folks in West Michigan,” said Brad Toothaker, President & CEO of Bradley Company. The company will celebrate 40 years in business in the Midwest in 2018. In addition to Grand Rapids, it has an office in Kalamazoo and a number throughout Indiana.

About Bradley Company Bradley Company was founded in 1978 and has grown to become one of the largest full-service commercial real estate firms in the Midwest. With eight regional offices in Indiana and Michigan, Bradley Company provides commercial brokerage services, commercial and multi-housing management, real estate tax consulting, maintenance services, project and facilities management, corporate services, research services and strategic planning. Bradley Company employs more than 250 professionals who manage roughly 3,000 multi-housing units and nearly 10 million square feet of office, medical, industrial and retail space. 

Sally Tucker, Jim Logan and Tom Deitche promoted to Managing Director

Sally Tucker, Jim Logan and Tom Deitche promoted to Managing Director

Bradley Company Promotes Market Leaders to Managing Directors in their Indianpolis, Grand Rapids and Fort Wayne offices


Indianapolis & Fort Wayne, IN and Grand Rapids, MI – May 1, 2017 – Bradley Company is pleased to announce our three Market Leaders; Tom Deitche, Sally Tucker and Jim Logan have been promoted to Managing Director for each of their respective offices in Fort Wayne, IN; Grand Rapids, MI; and Indianapolis, IN. Each of these professionals have done an outstanding job in assuming the helm of responsibility revolving around the office operations in their markets and partnering with other leaders to ensure a continuity of service delivery as Bradley Company continues to grow.

Below is a brief bio for each:

Tom Deitche – Tom has been with Bradley Company since 2011 in a leadership role within the commercial property management division in Fort Wayne and began leading that office in spring, 2016. With a strong property management support team, Tom has successfully worn many hats to assist with brokerage, while at the same time growing property management. With the recent addition of Dennis Callison; Vice President Brokerage Services, Northeast Indiana, to lead the brokerage department in Fort Wayne, Tom will remain focused on the efficient operations of the office and the growth of the property management portfolio and team.

Sally Tucker – Sally joined the growing Grand Rapids team in October, 2015 with 10+ years of previous experience in property management. Challenged with the opportunity of a new market expansion and pending office relocation, Sally’s skills naturally align to fill a leadership role in the office and she is recently partnered with Jeff Tucker; Vice President Office Brokerage to lead and grow the Grand Rapids brokerage team. Sally’s focus is also on office operations, property management and business development.

Jim Logan – Jim joined Bradley Company in November, 2015 bringing a significant portfolio with him consisting of Forum Credit Union and The Guaranty Building in Indianapolis. As a long respected leader in the Indianapolis real estate community, Jim has a focus on business development and growing our newest office, in Indianapolis. Given the organic growth we are seeing in the Indy market, Jim has been tasked with multiple initiatives between property management, brokerage, office operations and business development and he’s done a tremendous job doing so.

###
About Bradley Company
With eight regional offices throughout Indiana and Michigan, Bradley Company is a full-service commercial real estate company, providing brokerage services, commercial and multi-housing management, real estate tax consulting, maintenance services, project and facilities management, corporate services, research services and strategic planning. Bradley Company was founded in 1978 and employs over 250 professionals who manage over 3,300 multi-housing units and nearly 10 million square feet of office, medical, industrial, and retail space. For more information, please visit our new website at www.bradleyco.com

GLC Holds Groundbreaking Press Conference for Skyline Tower in Fort Wayne

GLC Holds Groundbreaking Press Conference for Skyline Tower in Fort Wayne

PRESS RELEASE

FOR IMMEDIATE RELEASE

Contact:
Casey Cupp
Marketing Director
Bradley Company
317.727.9014 c
ccupp@bradleyco.com

Great Lakes Capital Holds Groundbreaking Press Conference/Ceremony for Skyline Tower in Downtown Fort Wayne

Fort Wayne, IN (October 27, 2016) Great Lakes Capital (GLC) is proud to announce the official groundbreakingof Skyline Tower, a distinctive $40-million-dollar mixed-use development that is a key component in completing the overall Ash Skyline Plaza and Skyline Garage project in downtown Fort Wayne. Weigand Construction began their work last week.

This historical project is the first to be approved for state matching funds through the Regional Cities Initiative, made possible through support from three commercial lending partners; including lead financial partner Old National Bank with collaboration from Lake City Bank and Salin Bank. All three of these financial partners are Indiana owned and operated.

“The Regional Cities Initiative has given communities a blueprint to address critical economic development issues and make Indiana the best place to live, work, play and stay,” said Lt. Governor Eric Holcomb. “In northeast Indiana, 11 counties are working together by investing in nature, community, culture and ideas. Downtown amenities and housing are essential to building quality of place, and the Skyline Tower in Fort Wayne will be a driving force in creating vibrant communities that retain and attract talent, supporting northeast Indiana on its Road to One Million.”

“Skyline Tower is a tremendous addition to the heart of our City,” said Mayor Tom Henry. “I continue to be encouraged by the progress we’re seeing throughout Fort Wayne. We’re strengthening our position as a point of destination where individuals, families, and business want to invest. By working together, we’re attracting and retaining jobs as a community moving in the right direction.”

Skyline Tower will feature nationally recognized Ruth’s Chris Steakhouse on the ground floor and office space on the second floor, a combined 30,000 square feet of commercial space. Above that, the tower will house 124 high-end apartments which will address the strong demand for quality housing in the heart of Fort Wayne’s growing downtown neighborhood. Upon completion, Skyline Tower will be approximately 170,000 square feet and create as many as 60 new jobs. Delivery of the restaurant, office and half of the apartments will be in Q1, 2018 and the second half of the apartments will be delivered in Q2, 2018.

“Skyline Tower will offer a very unique living environment which will continue to make our city and our region ever more competitive in retaining and attracting talent,” said David Arnold, Director of GLC, “It’s a community asset which has been the result of hard work and perseverance by many people in both the private and public sectors.”

GLC will also be partnering with Bradley Company, a local and regional commercial real estate services leader with expertise in leasing and management of retail and office space, as well as multi-family housing. Bradley Company is a full-service commercial real estate firm that will not only provide exceptional on-site services to Skyline Tower’s residents and commercial tenants, but will also further its investment in the core of the city with the addition of staff and relocation of its offices to this new landmark property.

“Collectively, GLC and Bradley Company join forces to build and manage long term,” said Brad Toothaker, President and CEO of Bradley Company and Managing Partner of GLC, “This project has brought together businesses and the community to create a project that truly moves the needle for the region as it continues to elevate the landscape of downtown Fort Wayne.” Both companies, Great Lakes Capital and Bradley Company, will be relocating their offices into Skyline Tower, which guarantees nearly 70 professionals will occupy a substantial portion of the newly created office space.

Please visit Skyline Tower’s new website, www.skylinetowerfw.com, for more information regarding available space, property features and amenities.

###

 

About Great Lakes Capital

Great Lakes Capital is a real estate private equity firm uniquely positioned to add value to real estate investments through development, redevelopment and opportunistically investing across the real estate spectrum and throughout the capital structure. We concentrate on several core asset classes, including office, industrial, retail, medical office, multifamily and other similar conforming product types as well as mixed use projects. As a market leader in new development we actively address the needs of our tenant partners in addition to speculative development meeting needs the market has not yet reacted to. For more information, please visit: www.greatlakescapital.com

About Bradley Company

With eight regional offices throughout Indiana and West Michigan, Bradley Company provides commercial brokerage services, commercial and multi-housing management, real estate tax consulting, maintenance services, project and facilities management, corporate services, research services and strategic planning. Bradley Company was founded in 1978 and employs over 250 professionals that manage nearly 2,500 multi-housing units, over 10 million square feet of office, medical, industrial, and retail space. For more information, please visit www.bradleyco.com

 

Great Lakes Capital Announces 10-Year Deal for 210,000 SF Distribution Center

Great Lakes Capital Announces 10-Year Deal for 210,000 SF Distribution Center

South Bend, IN – September 12, 2016 - Locally-owned Great Lakes Capital (GLC), a real estate
private equity firm, is pleased to announce they have signed a 10-year lease with AM General
for their South Bend Distribution Center I (SBDCI), a new distribution center located just off I-
90, at Dylan Drive and Chet Waggoner Drive in South Bend’s most active industrial area.

GLC partnered with the City of South Bend to develop SBDCI, as they both recognized the
largely unmet, but high-demand need for large shipping and distribution centers that are
centrally located within the Unites States. Their notion was vindicated when GLC signed AM
General to a 10-year lease, prior to the building even being fully constructed.

Bradley Company, a full-service commercial real estate company, facilitated in putting this deal
together. Senior Brokers, Greg Pink and Jeremy McClements, helped to lease the 210,000
square foot distribution center.

“Spec buildings have become a critical economic development tool providing businesses with
the opportunity to meet their speed to market and risk mitigation needs. The forward thinking
partnership between the City of South Bend and Great Lakes Capital in constructing this
building mitigated the need for AM General to search outside of the South Bend-Elkhart region
for a building that would meet their evolving needs,” said Regina Emberton, President & CEO of the Michiana Partnership, “In addition to supporting the growth of existing companies, spec
buildings also drive traffic from businesses outside of the area who are searching across the
country for product that will facilitate their expansion or relocation needs.”

Logistically, South Bend is a convenient stop for many regional and national freight companies,
due to its proximity to the toll road, I-94 and multiple airports. As a result, shipping from South
Bend allows for minimal travel time to a significant portion of the country. “SBDCI is located in
an industrial area that has proven itself as a successful national logistics hub, as evidenced by
two Fortune 100 companies having chosen to locate there within the past eighteen months,”
says Jeff Smoke, Director of Development at Great Lakes Capital. “Not only is this an exciting
deal for our local area, that also indicates positive implications for our economy down the road, I think the successful outcome demonstrates the potential for well-executed public-private partnerships. This remarkable deal would not have been possible without the partnership of the City of South Bend.” Due to the success of the SBDCI project and the significant interest large corporations are showing for space in the same location, GLC is planning additional industrial development which is expected to be completed late Spring 2017.


###

About Great Lakes Capital
Great Lakes Capital is a real estate private equity firm uniquely positioned to add value to real
estate investments through development, redevelopment and opportunistically investing across the real estate spectrum and throughout the capital structure. We concentrate on several core asset classes, including office, industrial, retail, medical office, multifamily and other similar conforming product types as well as mixed use projects. As a market leader in new development we actively address the needs of our tenant partners in addition to speculative development meeting needs the market has not yet reacted to. For more information, please visit: www.greatlakescapital.com
 

About Bradley Company
With eight regional offices throughout Indiana and West Michigan, Bradley Company provides
commercial brokerage services, commercial and multi-housing management, real estate tax
consulting, maintenance services, project and facilities management, corporate services, capital markets services, research services and strategic planning. Bradley Company was founded in 1978 and employs over 250 professionals who manage nearly 2,500 multi-housing units, and over 10 million square feet of office, medical, industrial, and retail space. For more information, please visit: www.bradleyco.com

Bradley Company Hires Jeff Tucker and Drew Nelson to its Grand Rapids Brokerage Team

Grand Rapids, MI – September 28, 2016 – Bradley Company is pleased to announce the addition of Jeff Tucker and Drew Nelson to our Grand Rapids brokerage team.

Jeff Tucker joins us as Vice President, Office Brokerage for the Grand Rapids market. Jeff, a seasoned sales and marketing professional with over 24 years of real estate experience, brings both client and market expertise to the Bradley platform. In his role, Jeff advises clients in strategic planning, transaction execution for both acquisition and dispositions, and portfolio management throughout the West Michigan region. His client relationships span the full spectrum of family owned businesses to Fortune 500 companies. Jeff added, "Bradley Company is a fast paced, dynamic and innovative team that focuses on exceeding its client's expectations throughout its Midwest office territory. I look forward to working with such a strong platform to service my client's real estate goals."

Drew Nelson has over 25 years of sales experience. As a brokerage associate, Drew specializes in office, retail and investment properties. Drew has many business relationships in the Grand Rapids marketplace and applies a ‘consultant’ style approach when matching his clients with the space that best suits their particular need. Many factors have contributed to Drew’s early industry success including honesty and a strong work ethic. His ability to put himself in his client’s shoes and advise them as if the investment were his own, has earned Drew great respect from the people he does business with . “I am very excited to be joining the Bradley Company team. Their core values such as collaboration, creativity and most importantly integrity align with my own. I also look forward to being an integral part of Bradley Company’s continued growth in West Michigan and beyond.”

“We are very pleased to be growing our West Michigan brokerage platform, especially with two brokers who will significantly add to our breadth and depth of services,” said Brad Toothaker, President & CEO of Bradley Company.

Rudy Yakym III, Sr. Vice President of Bradley Company, added, “At Bradley Company, we hire for culture. Both Jeff and Drew are great cultural additions and fit well within the context of where we are headed as an organization.”


###

About Bradley Company
With eight regional offices throughout Indiana and Michigan, Bradley Company provides commercial brokerage services, commercial and multi-housing management, real estate tax consulting, maintenance services, project and facilities management, corporate services, research services and strategic planning. Bradley Company was founded in 1978 and employs over 250 professionals who manage nearly 2,500 multi-housing units and over 10 million square feet of office, medical, industrial, and retail space. For more information, please visit www.bradleyco.com

Great Lakes Capital Will Develop $40 Million Skyline Tower in Fort Wayne, Indiana

Great Lakes Capital Will Develop $40 Million Skyline Tower in Fort Wayne, Indiana

South Bend, IN (January 13, 2016) – Great Lakes Capital proudly announces the company has reached an agreement with the City of Fort Wayne to develop Skyline Tower, a distinctive $40 million dollar mixed-use development; the key project that will complete the Ash Skyline Plaza and Skyline Garage project.

2016 Corporate Wins Q1 & Q2

2016 Corporate Wins Q1 & Q2

Bradley Company was very busy across all eight of our regions in the first and second quarter of 2016. Please feel free to take a look at our team's wins for the first half of 2016. Enjoy!