Next Realty Expands Acquisition Focus: Aggressively Seeking Industrial Assets to $50 M

Fully embracing the continued move from brick and mortar to e-commerce real estate strategies, Next Realty has expanded its property acquisition approach by incorporating industrial properties valued up to $50 million. “Changes in the retail landscape continue, and we’ve adapted our approach to be proactive and responsive,” said Andy Hochberg, CEO and Managing Principal of • Read More »

Next Realty Completes Backfilling Its Sports Authority Vacancies

Next Realty has now backfilled all five of its vacant Sports Authority sites, with Big Lots signing up to occupy 48,849 square feet at the defunct sporting goods chain’s Merrillville, IN location. The new lease relocates Big Lots from an end-cap position in the same shopping center, and paves the way for the opening of • Read More »

Suburban Executives Honored for Outstanding Work

Fifteen Chicago and suburban executives were recognized for their excellence in leadership and service Thursday at the annual C-Suite Awards hosted by the Daily Herald Business Ledger and its sponsoring partners. 2018 C-Suite of the Year honorees: • Stephen Ball, senior vice president, business banking manager, MB Financial Bank N.A., Chicago • Steve Banke, CEO, • Read More »

Next Realty Signs New Lease with AutoZone for Milwaukee Retail Space

Next Realty, LLC is pleased to announce that AutoZone has completed a lease to occupy 8,446 square feet at its South Towne Shopping Center at South 27th Street and Loomis Road in Milwaukee, WI. AutoZone plans to open late summer or early fall 2018. Mid-America Real Estate Wisconsin, LLC Principal Dan Rosenfeld and Broker Associate • Read More »

Next Realty Completes Leases at Autumn Grove Shopping Center in Suburban Milwaukee;

High-Intensity Interval Training Fitness Franchise and a New Local Chiropractor Join Tenant Mix Next Realty has completed two new leases totaling almost 4,300 square feet of space at Autumn Grove Shopping Center located at 12850-12960 W. Bluemound Road in Elm Grove, Wisconsin. Shred 415, a Chicago based high-intensity interval training fitness studio, will be occupying • Read More »

Next Realty Managing Director a Featured Speaker at CREW Chicago Event

A recent CREW Chicago education program featured a Finance and Capital Markets discussion, looking specifically at Equity Perspectives. Next Realty Managing Director Eteri Zaslavsky was one of the featured guest speakers. The moderator initially asked panelists whether it is harder to raise capital or to put it to work in today’s market. In helping to • Read More »

Next Realty Continues its Tradition of Investing with Operating Partners

An affiliate of Next Realty, through a joint-venture with local operating partners Robert Sekula and Eric Turrin, of North Park Ventures, and Chad Tepley of CDT Realty, have announced the acquisition of a vintage, West Town apartment building with ground floor restaurant space that will be modernized and repositioned.The partnership has acquired the 153-year-old building • Read More »

Real Estate Forum’s Influencers in Retail

Real Estate Forum   Andrew S. Hochberg started his own real estate firm in 1998 after rising to the position of chief executive officer of Sportmart and negotiating its merger with Gart Sports, a move which created the second largest sporting goods retailer in the US. He called his new venture Next Realty, as he • Read More »

Co-working firm Spaces to take over Sports Authority building in River North

Chicago Tribune Co-working firm Spaces plans to take over an eight-story River North building previously leased to Sports Authority, continuing a trend of large retail spaces being converted to new uses. Spaces said it has leased the entire 78,265-square-foot building at 620 N. LaSalle Drive long known for the distinctive Sports Authority sign adorned with • Read More »