Cawley Chicago has announced the appointment of Doug Hayes, a veteran with more than three decades of commercial real estate brokerage and development experience, and extensive expertise in the area of transportation and logistics management. The appointment of Hayes as an executive vice president of the firm was made by the firm’s newly appointed sales manager, Michael P. McKiernan.
“Cawley Chicago had an exceptional year in 2017 as the firm leveraged a healthy real estate market with the ongoing growth and development of our brokerage team members,” McKiernan said. “We’re looking to extend our reach and productivity with the addition of respected and experienced professionals like Doug Hayes who adds tremendous depth to the firm.”
Hayes comes to Cawley Chicago with more than 22 years of brokerage experience. Sandwiched in between positions at NelsonHill and Cushman & Wakefield, Hayes gained invaluable experience as a vice president with Ridge Property Trust, an industrial development and ownership firm.
“The broad range of experience on both the brokerage and development sides of the business gives me somewhat of a unique perspective,” Hayes said. “I understand the way developers and owners analyze opportunities, and that can be a tremendous asset whether representing the interests of ownership or a user in the market.”
Hayes focuses his business primarily in the city and in-fill markets in Cook County. A significant segment of the focus in this geographic area is the “last-mile” facility to accommodate users’ immediate fulfillment requirements.
One of the most recent projects represented by Hayes includes Pilsen Park Chicago, a 22.68-acre, approximately 400,000-square-foot park developed by Clarius Partners and Wanxiang America Real Estate Corp. Transactions completed at Pilsen Park included an approximately 227,000-square-foot lease with Preferred Freezer Services, and a 156,000-square-foot acquisition by Vega Properties. At Ridge Property Trust (now Ridge Development), Hayes led the team in assembling what is now the 2,500-acre Ridgeport Logistics Center. Hayes spearheaded the initial acquisition of 1,500 acres and the extensive entitlement process.
Throughout his career, Hayes has been involved in transactions and developments valued in excess of one billion dollars. Hayes’ expertise in the area of transportation and logistics management is further strengthened by his executive level management involvement in Progressive Logistics, an Indianapolis-based firm that owns and manages more than 500,000 square feet of CSX Transportation rail-served projects focused on providing warehousing, transportation and logistics management services.
Cawley Chicago has announced the appointment of seasoned industry veteran Michael P. McKiernan to sales manager. For the last year, McKiernan has served as a consultant to Cawley Chicago, focused on coaching individual brokers and brokerage teams on how to be more efficient and productive as they work to serve the needs of their clients.
In this new role, McKiernan, who has held senior-level local, regional and corporate management positions at national brokerage firms, will be responsible for the further growth and expansion of Cawley Chicago. This will be emphasized for the recruitment of additional office, industrial and investment-focused brokers, and the hiring and development of new brokers to the firm.
“We’re at an exciting time in the ongoing evolution of Cawley Chicago,” said Daniel Cawley, SIOR, the founder and managing principal of the firm. “With his presence and experience at all levels of commercial real estate brokerage, Mike McKiernan will assist our effort to add new people, help them be better, more productive professionals and, in the process, elevate the performance of the entire firm.”
McKiernan has approximately 30 years of sales management and executive management roles with Grubb & Ellis, Cushman & Wakefield and Avison Young. The roles he served were focused on local, regional and national business operations.
“As an independent firm, Cawley Chicago has great infrastructure, including broker-friendly technology and support systems; a great, collaborative culture,” McKiernan said. “After working with Dan and the Cawley Chicago team for a year, I’m thrilled to join them as an employee, and look forward to building on what they already have established.”
Cawley Chicago was formed in 1998 and in 20 years has grown to a team of 18 industrial, office and capital markets brokerage professionals. In 2017, the company had its best year ever, increasing its transaction value and volume by more than 35 percent, further expanding the portfolio of property it manages, and growing its portfolio of property listings (for sale and lease).
We hope everyone had a warm and joyful holiday season, and wish the best for the new year ahead. We hope to continue our eventful and successful 2017 record and can't wait to see what exciting things the new year will bring.
Some of the Cawley Chicago team and family at the annual holiday party
TAWI USA, a developer and manufacturer of ergonomic lifting equipment will occupy 19,117 square feet at 380 Internationale Blvd. in Bolingbrook, Illinois. Josh Hearne and Mike O’Leary of Cawley Chicago represented the landlord, partnership of ML Realty Partners and H.S.A. Commercial. Terry Grapenthin of Lee & Associates represented TAWI in the transaction.
Tony Russo of Cawley Chicago represented the buyer of 1755 Park Street. The property is currently leased to a mix of local and regional tenants including a therapy practice, an executive suites operation, an IT consulting firm and a major regional bank office.
After acquiring a 2.35-million-square-foot industrial portfolio in Chicago earlier this year, Dallas-based Westmount Realty Capital, a commercial real estate development and investment company, has sold one of its Chicago holdings. The 310,775-square-foot warehouse and distribution facility near Midway Airport was acquired by High Street Realty Company.
Andrew Maletich, executive vice president with Cawley Chicago, represented Westmount and High Street in the transaction.
Located at 4404 W Ann Lurie Place, the property was developed in the mid-1970s and modernized in 2010 by the previous owner, KTR Capital. The building is leased to three tenants, including Gold Eagle, BT Wholesale and Southwall Insulating Glass.
The building is situated on 21.7 acres within the Crawford Industrial Park, less than one mile from the four-way interchange at I-55 and Pulaski Road. It features 22-foot clear ceilings, 69 truck docks, two drive-in doors and parking for 130 cars. Westmount acquired the property in 2014.
Westmount’s Chicago portfolio currently includes 46 properties totaling more than 4.675 million square feet of space. The occupancy rate of the portfolio is 92.4 After acquiring a 2.35-million-square-foot industrial portfolio in Chicago earlier this year, Dallas-based Westmount Realty Capital, a commercial real estate development and investment company, has sold one of its Chicago holdings. The 310,775-square-foot warehouse and distribution facility near Midway Airport was acquired by High Street Realty Company.