In the News

Millennium Properties Hires Benjamin Salomone as Property Manager

Ben Saolmone, property manager
Submitted on May 12, 2015
Today, Millennium Properties continued its rapid growth by hiring Benjamin Salomone as a property manager. Mr. Salomone previously worked as an assistant property manager for Sudler Property Management, managing a 275 unit condominium association in downtown Chicago.
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MPI Selected as Exclusive Leasing Agent for 12 Retail Centers

leasing, for lease, for rent, retail, neighborhood center, office, leasing agent
Submitted on April 30, 2015
Millennium Properties was recently named the exclusive leasing agent for 12 neighborhood retail centers with a total of 1.1 million square feet of space. Most of the properties are located throughout the Chicago suburbs, including Schaumburg, Joliet, Bolingbrook, Glendale Heights and more. One center is located in the city of Brown Deer in the northern suburbs of Milwaukee. The leasing team of Chet Evans and Michael Mintz will be responsible for leasing the vacant units in this retail portfolio.
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MPI Sells 5.7 Acre Infill Residential Parcel in Brighton Park

development site, land, residential, sold, Western Ave., Chicago, Brighton Park
Submitted on March 26, 2015
Millennium Properties recently sold a 5.7 acre residential land site in Chicago’s Brighton Park neighborhood. Previous development plans for the site called for nine mixed-use buildings with up to 337 residences. The new owner plans to develop more than 35 three-flat buildings on the subdivided site.
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Millennium Properties Sells 5,300 SF Bank Owned Restaurant in Oak Lawn

Restaurant, retail, bank owned, property management, Cicero, Oak Lawn
Submitted on February 23, 2015
Millennium Properties announced that it recently sold a 5,300 square foot restaurant on Cicero in Oak Lawn on behalf of a financial institution and the state of Illinois. The former Italian restaurant and pizzeria is located at 10745 S. Cicero Ave was occupied by Papa Joe’s for 25 years. Millennium Properties also managed the property for the bank during the receivership process.
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Millennium Properties Sells Former R&D Industrial Facility in Gurnee

Industrial Real Estate Gurnee
Submitted on February 10, 2015
Millennium Properties announced that it recently sold a 61,700 square foot former R&D facility at 3850 Clearview in Gurnee. The bank-owned facility was previously FDA approved and used for generic drug manufacturing.
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Millennium Properties Hires Desiray Villagrana as Property Manager

Desiray Villagrana, property manager
Submitted on January 29, 2015
Today, Millennium Properties continued its rapid growth by hiring Desiray Villagrana as a property Manager. Ms. Villagrana previously worked as a lease administrator for McGladrey, creating financial analyses and assisting with due diligence projects for retail, office, and industrial properties.
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MPI Sells Seven Office Condos in Sky Harbor Business Park

Northbrook, office condos, Sky Harbor Business Park, sold
Submitted on January 12, 2015
Millennium Properties announced that it recently sold seven office condominiums, totaling 19,567 square feet. The units were part of a recently developed two-story office building in the Sky Harbor Business Park in Northbrook. The seven units Millennium sold ranged from vanilla-box condition to move-in ready with two units leased at the time of sale
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MPI Sells 57,760 SF Medical Office Building in the East/West Corridor

Commercial Real Estate Office Building
Submitted on January 7, 2015
Millennium Properties recently brokered the sale of a 57,760 square foot value-add medical office building in the East West Corridor of Chicago. The three story building, at 246 E. Janata in Lombard, is located in a prime location on Highland Ave. across from Yorktown Center and a short drive from Butterfield Rd and I-88.
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MPI Auctions 1.8 Acre Riverfront Development Site in the South Loop

South Loop, Development site, auction, sold, Millennium Properties
Submitted on January 5, 2015
Millennium Properties announces that it sold a 1.8 acre riverfront development site in the South Loop at auction for $7.75 million. Millennium Properties auctioned the site at 800 S. Wells on behalf of the bankruptcy court, securing a stalking horse bidder and overseeing the auction to qualified bidders. With 158’ of Chicago River frontage, the 77,258 square foot lot is currently used as parking for the adjacent River City Condominiums. Previously, plans were approved to develop a condo tower with 276 residential units and six townhomes.
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Millennium Properties Sells Lofted Commercial Condo in Gold Coast

Commercial Condo, Chicago, Gold Coast, LaSalle St.
Submitted on December 8, 2014
Millennium Properties sold a 7,951 square foot commercial condo at 1212 N. LaSalle in Chicago's Gold Coast neighborhood. The second floor lofted unit, overlooking LaSalle St., is part of a 27 story luxury condo building near the corner of Division and LaSalle.
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