jameson in the news
November 12, 2008
Jameson Real Estate:
JAMESON REAL ESTATE'S COMMERCIAL TRANSACTIONS HIT $50 MILLION MARK FOR 3RD QUARTER
Chicago – In August of this year, a true Chicago real estate powerhouse was formed when Jameson Realty Group and CRF Marketing combined forces to create Jameson Real Estate. The new company has been an immediate success, despite current market conditions, due in part to its brokerage of a number of sizeable commercial properties. In the third quarter of 2008, Jameson closed more than $50 million in commercial transactions alone and has a number of substantial deals under contract.
According to Mike Sato, President of Jameson, the new brokerage provides its clients with a combination of acumen, experience and strategic focus which optimizes opportunities. Harry Huzenis, who for 26 years, along with his brother Charles, was a principal in Jameson Realty Group, adds: “Companies that survive are those that have the staying power to aggressively pursue business. In today’s challenging environment, even the largest companies are scrambling to strengthen their balance sheets and every investor and developer needs to make sure they have the liquidity to get through this downturn. When those companies are forced to sell properties that are producing to sustain others that are not, opportunities are created. Those opportunities are not advertised but must be aggressively sought out; that is when clients are best served by experienced brokers who can advise them on the most effective strategies.”
Jameson’s commercial sales in Chicago included the 40,000 SF parcel of land at the corner of Belmont and Kimball, which was sold by Pat McGuire for $3.75 million; Algonquin Galleria, with Cari Zweig representing the purchaser, at a price of $22.5 million; a land development deal at 200 E. Illinois, valued at $19 million, brokered by Jerry Goldner; a 9,000 SF retail center at 2839-41 N. Naragansett, across from Brickyard Mall, sold by Mark Kishtow and Mark Jones, for $1.9 million.
Jameson’s Mark Kishtow was also active in the Evanston market, selling two retail centers: one downtown at 808 Davis, for $2.6 million; and a 9,000 SF strip center at Dodge and Dempster.
For more information on Jameson’s commercial division, please call at 312-751-0300.