Around the Portfolio
2023 is off to a productive start with the signing of new leases, the opening of stores, and the buildout of tenant space occurring across Next Realty’s portfolio of properties. Some highlights include: Roosevelt Plaza—a lease was executed with Aldi Foods for a new, 22,951-square-foot grocery store. Aldi approached Next because of the center’s excellent […]
NEXT PARKING: Responding to the Wall Street Journal
Next Parking LLC, a division of Next Realty, LLC, was founded in 2001 and specializes in the acquisition and operation of parking assets. Next Parking’s platform consists of three primary segments: acquisitions, asset management and consulting. Next Parking is run by a team that has over 75 years of combined parking industry experience, including ownership, asset […]
Trademarks and Mantras
There are a number of key phrases and concepts that have come to define and communicate Next Realty’s philosophies and practices. In fact, that definition is so strong that the firm has trademarked many of them, such as: Patient. Agile. Diversified. Next’s business model is described as Patient, Agile, Diversified. Patient: Over the years, the […]
Greatest Lessons Learned
Time and exposure to a wide variety of real-world experiences make for great classrooms. Over the course of 25 years, and in some cases even longer than that, some of the greatest lessons the Next team has learned and shared include: Watch debt—Using leverage—incurring debt on an acquisition or for improvements—is a common practice that […]
200 W. Randolph: Best Supporting Location in a Feature Film
The 400+ space parking garage at 200 W. Randolph (Randolph & Wells) in Chicago’s CBD has been one of Next Realty’s most storied properties, and for Batman enthusiasts around the world, one of Next’s most recognizable acquisitions. Next acquired the asset in 2002 as the firm continued to grow and expand its portfolio of owned […]