On November 15, NAIOP Chicago hosted its 31st annual Awards for Excellence Program, a world-class event bringing together some of the best and brightest the industry has to offer. More than 71 finalists were cited for accomplishments and the winners in 13 categories were selected by their peers during live voting.
Special recognition went to Ron Frain, principal, industrial division at Sterling Bay, who won the 2018 Award for Excellence. Frain started his career at Gottlieb/Beale as vice president and director before co-founding Hawthorne Realty Group in 1972, where he served as executive vice president, chief administrative officer and director of industrial development until 1978 when he co-founded Frain Camins & Swartchild. Frain joined Sterling Bay in 2017.
The other 2018 award winners were:
NAIOP honored Bridge Development specifically for the success of Building 1 of Bridge Point 290 which is bringing 250 jobs and $600,000 annually in tax revenue to Cicero, Illinois. The entire site, which will bring thousands of new employees to work in the area is a three-building business park comprising more than 899,000 square feet, complete with 36-foot ceilings and above-standard parking areas.
“This recognition from NAIOP and from our peers—many of which are driving the most innovative projects in the region—is a valuable affirmation of the vision behind Bridge Point 290,” said Steve Groetsema, partner, Midwest region, Bridge Development. “Upon the completion of the project, Bridge Point 290 will bring thousands of new employees to work in the region, as well as additional tax revenue that will benefit the Cicero community at large.”
Broker Transaction of the Year—Downtown Office:Walgreens Boots Alliance at the Old Post Office; landlord seller brokers: Daniel Heckman, Matt Pistorio, Steve Smith and Brian Whiting, The Telos Group; tenant buyer brokers: Brian Means, Meredith O’Connor, Bill Rogers and Steve Stratton, JLL
Broker Transaction of the Year—Suburban Office:Riverwalk II; landlord seller brokers: Chris Cummins, Adam Showalter and Allyson Yates, Cushman & Wakefield; tenant buyer brokers: John Conerty and John Goodman, Savills Studley
Broker Transaction of the Year—Industrial:RJW Transport at 2601 Internationale Parkway and 1000 Veterans Parkway; landlord seller brokers: Sean Henrick and Jason West, Cushman & Wakefield and Jim Estus and Matthew Stauber, Colliers International; tenant buyer brokers: Dominic Carbonari and Frank Griffin, JLL
Broker Transaction of the Year—Office Investment: Prudential Plaza; brokers: Nooshin Felsenthal, Keith Largay and Bruce Miller, JLL
Broker Transaction of the Year—Industrial Investment: John Hancock Chicago Portfolio; brokers: Sean Devaney, Ed Halaburt and John Huguenard, JLL
Contractor of the Year:McShane Construction Company
Architecture Firm of the Year:Ware Malcomb
Engineering Firm of the Year:Kimley-Horn
Property Management Firm of the Year:NAI Hiffman
Developer of the Year:Venture One Real Estate
“We are extremely honored to receive this award from our industry peers and grateful to all of our partners for helping us with this achievement,” said Mark Goode, principal at Venture One. The firm was also nominated for Build to Suit of the year for the development of the 675,270 square foot Berner Food and Beverage regional distribution facility at Rock 39 Industrial Park in Cherry Valley, Illinois.