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Rapid Expansion: @properties, The #1 Brokerage Firm In Chicago, Announces New Offices In City, North Shore

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Rapid Expansion: @properties, The #1 Brokerage Firm In Chicago, Announces New Offices In City, North Shore

@properties adds high-visibility locations in Logan Square, Fulton Market, Gold Coast and Wilmette to better serve local agents and clients

PR Newswire

CHICAGO, July 31, 2018 /PRNewswire-PRWeb/ -- Chicago-based real estate firm @properties is opening four new offices in the city and on the North Shore, two regions where the firm holds the No. 1 market share for residential sales. @properties co-founders Thad Wong and Mike Golden announced the company will open locations in Chicago's Logan Square, West Loop, and Gold Coast neighborhoods, and in the lakefront suburb of Wilmette.

With an office in Logan Square, @properties will have a home base in a community area that is one of the city's hottest real estate markets, noted Wong. The 2,200-square-foot office will be located at 2291 N. Milwaukee Ave., in the street-level retail space of the new MiCA apartment building, which opened last year. The office will open in October and, according to Wong, also will give @properties enhanced visibility and convenient access to nearby communities such as Avondale, Old Irving Park and Humboldt Park – where housing demand is rapidly on the rise.

This month, @properties will open a new satellite office at 1023 W. Fulton Market in the West Loop, directly across the street from Google's Chicago headquarters. In addition to agent desks and meeting space, the office will provide high-visibility brand exposure for @properties on one of downtown Chicago's most dynamic streets, an area where millions of square feet of new office, retail and residential development is underway or planned.

It is also a return to the Fulton Market for @properties, which opened its original office at the corner of Fulton and Desplaines in 2000, noted Golden.

"Back then, Fulton Market was a pioneering, off-the-beaten-path location. It was a great fit for a scrappy little startup like @properties. Today, it is the epicenter of technology, innovation and creativity in Chicago and, once again, a great fit for @properties," Golden said.

In the Gold Coast, @properties will occupy 2,300 square feet of office space at 1 E. Delaware Pl. Opening in August, this will be the second Gold Coast location for the firm within the last year, the other being a boutique storefront at 906 N. State St., designed by Chicago-based interior designer Summer Thornton. Both Gold Coast offices are managed by vice president of brokerage services, Rick Sobin.

"The State Street office is a cool gathering/meeting spot with a boutique-y vibe, but the reality is we have had a need for more agent desks in the Gold Coast for some time. Delaware gives us that capacity," said Wong.

On the North Shore, @properties will open an office at 1100 Central Ave., in Wilmette's central business district. @properties vice president of brokerage services Don Shea will manage the 2,000-square-foot office, which will open by early September.

"While we have been doing business in these communities for years, as a locally-owned company, we have always believed in the importance of bricks and mortar. The timing is ideal to put a few more pins in the map to better serve our agents and clients," said Golden.

Since 2000, @properties has been one of the fastest-growing residential brokerage firms in the country. The company claimed the No. 1 market share in Chicago several years ago and currently has city market share of over 20% – more than the No. 2 and No. 3 firms combined. @properties also holds the No. 1 market share in the Gold Coast, West Loop, and Logan Square, respectively (source: BrokerMetrics LLC, 07/01/2017 - 06/30/2018).

@properties entered the North Shore market through Evanston in 2009. Since then, it has opened offices in Winnetka, Highland Park, Lake Forest, Glenview and Northbrook, as well as other suburban markets. Today @properties holds the No. 1 market share on the North Shore with 27% of residential sales volume over the last 12 months, as well as in Wilmette, where the firm has market share of 36%, according to BrokerMetrics.

The company also recently announced a large expansion initiative in the west and northwest suburbs, hiring two executives with extensive experience in those regions and opening a new office in Arlington Heights.

With @properties' latest expansion in full swing, Wong and Golden said they expect to claim the No. 1 market share in the entire Chicagoland area this year. @properties closed over $9 billion in sales in 2017, according to industry consultant REAL Trends.

About @properties     
Established in 2000, @properties is the No. 1 residential brokerage firm in Illinois and one of the top 11 residential brokers in the U.S. @properties has more than 2,450 licensed brokers in 26 offices throughout downtown Chicago, surrounding suburbs, southwest Michigan and Lake Geneva, Wisc. For more information, visit http://www.atproperties.com.

 

SOURCE @properties

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