PRESS RELEASE: THE MISSNER GROUP BEGINS CONSTRUCTION FOR WEST LOOP COMMERCIAL REDEVELOPMENT

PRESS RELEASE: The Missner Group is pleased to announce the firm has begun construction at the Oxxford, located at 1220 West Van Buren Street in Chicago. The Missner Group plans to redevelop the current seven-story, 115,000 square foot office/showroom, and manufacturing building into a nine-story, 140,000 square foot Class A, loft office/commercial building to further support the growing demand of companies seeking a West Loop location.

The Missner Group’s redevelopment plans for 1220 West Van Buren include constructing open floor plans with concrete and brick features throughout the space. They will also incorporate modern tenant amenities including a tenant lounge with rooftop deck, a fitness center equipped with locker rooms and a lounge, multiple Wi-Fi gathering locations, a conferencing center, as well as bike parking facilities, all with the goal of keeping the character and respecting the history of the property.

 “The Oxxford is located at the corner of Van Buren and Racine, within Chicago’s West Loop’s recent retail, office, and residential boom. The neighborhood’s resurgence has made it one of Chicago’s ideal places to live, work and play,” said Glen Missner, president of The Missner Group. “The building offers excellent access to public transportation, the Eisenhower Expressway, and a myriad of dining and nightlife options. It also lies within an area of increasing residential density and diverse demography, making it an ideal opportunity for the commercial and office markets.”

The Oxxford is surrounded by new residential and commercial developments, offers full-frontage off the Eisenhower Expressway (I-290) with signage options available, and is minutes from the Racine ‘L’ stop, University of Illinois Circle Campus and Rush University Hospital.

 “The Oxxford’s storied legacy and vintage building charm, which includes 14’ to 16’ ceiling heights, open floor plans, and skyline views will be further enhanced through the addition of new, modernized amenities. It’s a unique opportunity for this area, and we’re proud to bring it to the market,” added Missner.

Jack McKinney, Jr. of Cushman and Wakefield will represent the property on behalf of The Missner Group. Wright Heerema Architects will provide the architectural services. Construction is set to be completed mid – 2019.

SVP, Angela Aeschliman, Sworn in as IREM®'s President-Elect

Our SVP of Property and Asset Management, Angela Aeschliman, was sworn in as IREM’s President-Elect at their 2018 officer installation ceremony. Her primary responsibility will be to assist with member engagement and the organizational value. Her tasks will include:

• Help with member retention and prospective member recruitment

• Hold programs that benefit our mission and meet member needs

• Work to include educational aspects in organization programs wherever possible

• Promote IREM credentials and the organization within the community, industry and media

• Write periodic articles & letters for the website/social media outlets

Additionally, Angela currently serves as IREM’s Sustainability Advisory Board Chair, which oversees and manages IREM’s Certified Sustainability Property (CSP) certification. The certification allows property managers to gain recognition for properties not covered by other programs, extend sustainability across their portfolio, or start a sustainability initiative from scratch.

Congratulations, Angela!

[Others photographed:Kris Haskins of Colliers International, Stephen Schimmel of Mclennan Property Management, and Colleen Needham of Draper and Kramer, Incorporated.]

PRESS RELEASE: THE MISSNER GROUP ANNOUNCES 117,000 SF 10 -YEAR LEASE RENEWAL AND RENOVATION PROJECT FOR BUNZL RETAIL SERVICES

PRESS RELEASE: The Missner Group is pleased to announce a 10-year, 117,000 square foot lease renewal with Bunzl Retail Services at 8338 Austin Avenue in Morton Grove, Illinois. Additionally, The Missner Group has been selected general contractor for a large scale renovation which will include significant upgrades and improvements to Bunzl’s 50,000 square foot offices in addition to the remaining warehouse and distribution portion of their space.

“We are pleased Bunzl Retail Services has made this long term commitment and is continuing their tenancy at our Morton Grove property,” says Eddie Adler, Executive Vice President of the Missner Group. “We look forward to delivering a great space to their company, one that their whole team can grow into, be more productive and enjoy for many years to come.”

The project will include expanding the office space by 8,500 square feet bringing that total to 50,000 square feet, in addition to an expansion of the warehouse facility by 12,500 square feet bringing that part of their space to over 67,000 square feet.

The renovation will consist of extensive interior and exterior improvements modernizing the space and the existing building both inside and out. Enhancements will be extensive and include all new high end office finishes as well as upgrades to the manufacturing/distribution space. A few of the numerous enhancements will include new flooring, ceilings and lighting throughout. The Missner Group will also upgrade all plumbing, electrical and HVAC systems.

Adler negotiated the lease on behalf of ownership. Heath Yarger, project manager for the Missner Group, will lead the construction team with Bill Uchyn serving as project superintendent. Interior Design Group, Ltd will provide the architectural services.

With operations across North America and Europe, Bunzl Retail Services is a leading provider of customized supply chain management solutions to corporations around the world. They have worked out of this location for more than 40 years.

VP, Aldo Bottalla, and COO, Bob Nomellini, Speak on Experiential Shift of Auto Dealerships

The Missner Group’s COO, Bob Nomellini, and VP, Aldo Bottalla, were featured in REJournals’ article centered on the shift of construction within the automotive sectors:

“As brick-and-mortar retail battles the onslaught of e-commerce, a movement has grown toward experiential sales. If fewer customers are coming out to shop for physical goods, then sell them an experience instead. It’s quite difficult, after all, to ship 20 minutes of indoor skydiving from an overseas supplier.

But even for stores that still earn money off of moving product, the experience is key. Many retailers now offer amenities to entice customers out from behind their screens and into the showroom. And as the trend in auto dealerships indicates, this is a model with virtually no bounds.

“One of the things we’re seeing a lot of is dealerships becoming a place to hang out,” said Aldo Bottalla, vice president of business development at The Missner Group. “They want to keep people at the dealership and make it a comfortable atmosphere.”

The Missner Group has completed a number of new or refurbished auto dealerships recently, and careful attention has been given to the finishes and amenities in an effort to draw customers in and keep them there longer.

The firm was the design/builder for a 14,000-square-foot, large scale renovation for McGrath Acura in Westmont, Illinois, which included glass-enclosed offices off of the showroom, a two-sided fireplace, coffered ceilings, a 30- by 14-foot gable skylight inside the main entrance, a custom fish tank and other high-end finishes throughout.

“Dealerships all have specialty looks that they want,” said Bob Nomellini, COO of construction at The Missner Group. “They spend a lot of money on the insides of their spaces with high-end finishes these days.”

Another dealership, Berman Subaru, tapped Missner on its two-building renovation at 4330 and 4444 Irving Park Road in Chicago. Amenities include a café and Wi-Fi lounge furnished with leather chairs and lit by LED lights as well as a sculptural, wood veneer chandelier.

Other amenities include phone-charging stations, putting greens and children’s play areas complete with video game console. Some dealerships will serve breakfast or lunch out of a full kitchen, or host fundraising events such as poker nights—anything to draw in more people. Impulse buying isn’t just for candy bars at the grocer’s checkout counter; more people in the building perusing the display models equate to more possible car sales.

This approach applies to the service area as well. Dealerships are shrinking the turnaround time for vehicle service, especially on relatively small jobs. While this is obviously good customer service, it’s a tactic that also brings more people into the facility.

If a customer has to wait too long or enter a queue for a small service job, they’ll just drop the car off and retrieve it later. But if the work can be completed in 20 to 30 minutes, they will more likely opt to grab a coffee or do some work on their laptop over the free Wi-Fi. They also might go meandering through the showroom.

“A big part of it for these dealers is service, probably more so than the new car sales,” said Nomellini. “People will come in and sit and wait for their oil changes and other small services.”

The Missner Group recently completed construction of the new, state-of-the-art Chicago Northside Toyota, located at 6042 N. Western Avenue in Chicago. The five-story, 227,900-square-foot dealership is one of the largest of its kind.

The environmentally friendly dealership contains a 45,000-square-foot green roof and 183,000 square feet of interior space, including a 30,000-square-foot showroom. Surrounded by 28-foot glass panels, the showroom is capable of exhibiting over 35 vehicles, with vertical display on the second and third floors.

Construction of the facility included the implementation of unique amenities to ensure customer satisfaction and retention. Guests of the dealership enjoy indoor valet parking and a children’s play area. The contemporary customer waiting lounge offers free Wi-Fi and Starbucks coffee bar, with space for up to 100 guests.

Many of these decisions are out of ownership’s hands, instead dictated—or heavily influenced—by the manufacturers. Some manufacturers require that new facilities adhere to a style guideline so that a guest walking into a Volkswagen dealership will encounter the same atmosphere whether that facility is in Chicago, Houston, Atlanta or elsewhere.

Particularly for the high-end finishes, that can be driven by manufacturer input. When someone buys a car, they are usually given a customer satisfaction survey. The results go back to the manufacturers, who dole out customer service inquiry money to the well-performing dealerships.

“They want to make sure that how these customers perceive their dealerships is nothing less than state of the art,” Bottalla said.

Whether new or refurbished, car dealerships are skewing toward luxury and convenience, desirous to offer an experience as much as a product. If this trend can work where the product costs tens of thousands of dollars, it should be successful throughout the retail industry.”


TMG Sponsors and Participates in Chicago's Make-A-Wish Walk

The Missner team participated in Chicagoland’s Make-A-Wish walk at Busse Woods yesterday. By walking, our team helped bring the life-changing impact of a wish to children battling life-threatening medical conditions in our community. Since 1985, Make-A-Wish® Illinois has touched thousands of lives, granting wishes to more than 14,000 children battling life-threatening medical conditions.

For this walk, The Missner Group raised over $15,000 for the Make-A-Wish Foundation. Thank you to all who donated to our team and helped support us in giving back to this incredible cause: Glander Paving, All American Exterior Solutions, M K Industries, Connelly Electric, ATMI Precast, Active Glass, MVP Plumbing, Valley Fire Protection, Brandonisio & Company, Artlow Systems, Midwest Grading, and K & E Painting.

PRESS RELEASE: The Missner Group and First Industrial Realty Trust Break Ground on Industrial Building in Aurora

Joint-development partners, The Missner Group and First Industrial Realty Trust, are pleased to announce ground has broken on the 173,000 square foot industrial development at 1998 Melissa Lane in Aurora, Illinois.

The development, located on a 9.7-acre site on the far West Side of the Orchard Road Corridor, will be designed to accommodate up to three tenants.  The building will feature office to-suit, 32’ clear heights, 22 loading docks, drive-in doors and an ESFR fire safety system.  Additionally, the property will offer 174 parking spaces, a 12-trailer parking lot, and all new landscaping throughout the building’s exterior.

The Missner Group’s project manager, Kent Nepras, and senior project superintendent, Steve Bulger, will lead construction on behalf of the firm. Brian Kling and Reed Adler of Colliers International are the property’s brokers. Cornerstone Architects provided the architectural services.

Included in the photo: Mayor Richard Irvin, Alderman Carl Franco, Herman Beneke, Dan Feltman, Mary Garza, Ed Sieben, Souts Thavong and Tracey Vacek with the City of Aurora; Adam Moore, Senior Regional Director with First Industrial; leasing agents Brian Kling and Reed Adler with Colliers International; Barry Missner, CEO, Glen Missner, President, Bob Nomellini, COO, Kent Nepras, Project Manager, Steve Bulger, Superintendent and Allison Heraty with The Missner Group; Maureen Prochenski,  Senior Vice President of Commercial Real Estate at First American Bank; and Jonathan Achs, Cornerstone Architects.

PRESS RELEASE: The Missner Group Announces New Lease, to Build-Out 11,000 SF Office for Application Software Technology (AST) LLC

The Missner Group is pleased to announce a new 11-year lease at the Olympian Office Center located at 4343 Commerce Court in Lisle, Illinois.  Application Software Technology (AST) LLC is leasing 11,000 square feet of the 168,000 square foot, seven-story office property situated along I-88 in the East/West Tollway submarket of Suburban Chicago.

The Missner Group will build-out their space to include an open-office concept, along with a number of private executive suites, reception areas, high-end conferencing facilities, and employee lounge areas. Contemporary finishes will be incorporated throughout the office space, including fresh paint, lighting, custom millwork, and flooring.

Acquired by The Missner Group in 2016, the Olympian Office Center underwent a wide-spread renovation, which included extensive exterior and interior improvements to modernize the space. New features include a Wi-Fi lounge, shared conferencing rooms, workout facilities complete with locker rooms and showers, new elevators, window treatments and significant lobby improvements including all new common area furniture. Most notably, The Missner Group painted the exterior of the building, dramatically refreshing the dated aesthetics of the well-known property.

Heath Yarger, project manager for The Missner Group, will lead the construction team on behalf of the firm with Scott Nomellini serving as project superintendent. Interior Design Group Ltd. will provide the architectural services. Francis Prock and David Florent of Colliers International represented the owner in this transaction. Jon Springer and Dan Persa of CBRE, Inc. represented the seller.

CEO, Barry Missner, joins as panelist for Chicago State of the Market Conference

Our CEO, Barry Missner, joined panelists at Bisnow Chicago's State of the Market Conference this week. He served on a panel discussing the outlook of Chicago's office development. The discussion focused on the impact of office development due to the state's fiscal mismanagement, as well as recent labor costs and shortages. Though it's hard financially to make these developments work, there remains a strong demand of companies looking to relocate to Chicago due to its many attractive conveniences. 

Additionally, the panel discussed the shift of "traditional" office space. Now with tenants expecting a lot in terms of office amenities, it is imperative to be sure office properties have not most - but all of the amenities desired by modern tenants. Examples include uninterrupted cell and WiFi coverage from the garage to the rooftop, and common area usage.

The event also touched on hospitality, entertainment and Chicago's capital markets. Read more at: https://www.bisnow.com/chicago/news/state-of-market/chicago-som-92544?rt=62396

A Letter From Our President: Introducing TMG's New Website

Dear Clients, Partners, & Friends, 

On behalf of The Missner Group, I am elated to introduce our all new website. Like any innovative real estate or construction project we engage in, significant time, effort, planning, design and construction went into the building of our new site. We hope that with its new structure, layout features, and resources, visitors will find the site more intuitive to navigate and have a better understanding of who we are at The Missner Group. 

The goal of the new Missner Group website is to more accurately convey our history, wealth of experience, and the current happenings at our organization in a far more modern and accessible way. Our site has been optimized to be more compatible with smart phones, tablets, and modern technology. We feel that we have optimized the design platform for a far more pleasurable experience. 

The redesign process was both exciting and challenging. Our team wanted to make certain we would be providing our viewers with important information, easy navigation and terrific content. The two center pieces in this process, working tirelessly from inception to launch date were Allison Heraty, our Director of Marketing and Communications, and our tech-savvy summer intern, Paolo Palacios. 

There are many new features to the new Missner Group website. Those that are not new have been updated and refined for a more pleasant experience. Our “current projects” page is one of the pages we are most excited about and has been polished significantly to give you the most up to date information on these projects.

Additionally, our new “portfolio page” is truly a great montage of our achievements over our 70 plus years in business and I think, our most colorful page. Unlike our last website, we are introducing the entire Missner family of employees as these are the people that make everything happen at our organization and people you should know. 

Please also take a moment to view the “our commitment” page listed under the “our company” header, which is an expression as an organization of what’s truly important to all of us, from job and workplace safety, to giving back to our communities. Our social media page has now been consolidated to give you all the latest and greatest stuff, not only here at The Missner Group, but up to date insight on our industry as a whole. 

On behalf of everyone here at The Missner Group, thank you for allocating your valuable time to checking out what we think is our new “kick ass” website. We would love for you to let us know what you think and welcome your feedback. 

Sincerely,

Glen Missner, President