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Doral Plaza
151 N. Michigan Ave.
Chicago, Illinois
After developing a cash flow problem as a result of restrictive financing, ownership hired Mr. Nenadic to evaluate available financing alternatives and restructure capitalization.
Because Doral Plaza, now called Millennium Park Plaza, is a one million square foot mixed use property, it presented significant underwriting challenges.
Mr. Nenadic’s restructuring efforts resulted in reducing principal owed, lowering the interest rate and increasing cash flow by $235,000.00 per month.
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Institute Place Lofts
213 West Institute Place
Chicago, Illinois
In August of 2004, Edward Carr contacted ownership of 213 West Institute to inquire about the possible sale of the building. Ownership agreed to sell provided they receive their asking price with a 90 day closing. Within 30 days Alliance had the property under contract and the property closed year-end.
Immediately after closing, new ownership hired Alliance to aggressively market and lease the 68% leased office building. Alliance organized and executed a comprehensive marketing plan bringing the building to 90% occupancy within 6 months of being awarded the assignment.
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Skyworld Communications, Inc.
In January of 2001 Skyworld Communications, Inc., an authorized master dealer of VoiceStream Wireless, engaged Alliance to secure retail locations for its Midwest rollout. Skyworld's goal was to open 50 stores in Chicago, Detroit, St. Louis and Milwaukee by year end 2001. To accomplish Skyworld's objective, the Alliance Team:
Developed a "standard" letter of intent and workletter which established the foundation to expedite all negotiations.
Formed strategic partnerships with the most qualified brokers in each of the target markets. Worked with the clients' attorneys to develop a "standard" lease rider which was attached to each lease.
Reported to client in writing on a weekly and monthly basis regarding the progress and status of each transaction.
Despite the Sept. 11th tragedy, by year end 2001, Skyworld Communications had signed leases for 40 retail locations and a data center.
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Wolters Group International
In January of 1999 the Wolters Group International needed to lease office and warehouse space for two of its rapidly growing businesses while simultaneously purchasing a headquarters facility for its family of companies. Edward Carr was engaged to coordinate the multiple, simultaneous requirements.
To accomplish the Wolters Group's objectives Edward Carr:
Met with top management to quantify and qualify current requirements and future projections for each company.
Surveyed both the office and warehouse markets based on established parameters.
Toured all qualified office and warehouse alternatives.
Compared and analyzed the preferred alternatives.
Prepared and negotiated lease and purchase offers on selected properties. Within six months, the Wolters Group signed three short-term office leases, one long-term warehouse lease and a purchase contract for the Wolters Group International's current Chicago headquarters.
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Urban Innovations, LTD.
In 1996, Edward Carr was recruited from the commercial real estate brokerage firm, Cushman & Wakefield, to take over the leasing and marketing of Urban Innovations' office property portfolio and to assist with acquisitions. During Mr. Carr's 3 year tenure with the company he achieved the following:
Developed and implemented leasing and marketing programsthat increased their total portfolio occupancy from 72% to 96%.
Negotiated the largest lease in the company's 20 year history.
Key member of the team responsible for the expansion of their portfolio from 5 buildings totaling 150,000 square feet to 13 buildings totaling more than 900,000 square feet.
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