Full-Service Commercial Property Management in Chicago

The property managers at Millennium Properties provide our clients with a high level of service and return on investment. Our hands-on experience provides us with the tools to stabilize each commercial property and maximize its value. As asset managers we know that the local submarket variables, the condition of the building and the financial conditions have a huge impact on your bottom line. We also understand that attention to detail makes or breaks a management strategy, which is why we take an ownership mentality with each asset we manage. 

Additionally, the property managers at Millennium Properties pride themselves on ensuring that clients remain connected and aware of what’s happening with their holdings. We consult with you on property operations by creating a comprehensive plan with a leasing strategy, an annual budget, a capital improvement schedule as well as accurate financial reporting. Active property management is key to ensuring that your vacancy rate remains low, you maintain the right tenant mix, and your average rents rise.

Millennium Properties Offers a Superior Service

When you need a company that can provide excellent oversight of every area of property management, look no further than Millennium Properties. For more than 20 years, our team of respected and credentialed real estate experts has aided owners in planning and executing successful real property management strategies. We pride ourselves on both doing the necessary work to ensure that your property remains profitable and on communicating the results to you. Our holistic approach means you receive a single report detailing all activity on each property under management. This report includes all leasing and maintenance activity at the property as well as a full set of financial statements. 

Our commercial property management services include the following: 

Millennium Properties exhibits a flexible approach to caring for clients’ properties and has the expertise to manage holdings throughout the Chicagoland area. The experts at Millennium Properties have been recognized a variety of times by industry organizations and publications such as the Chicago Sun-Times, Crain’s Chicago Business, Commercial Forum and Midwest Real Estate News.

Ensure your commercial property's success with expert management—contact Millennium Properties today for a customized strategy 

 

Meet the Team

Millennium Properties occupies a unique place in the Chicago real estate market thanks in no small part to its excellent leadership and employees. Following you will find a brief background of our executive staff and their extensive experience: 

  • President Daniel J. Hyman has four decades of real estate experience throughout the Chicago area and has personally participated in more than $4 billion of real estate transactions. Daniel started Millennium Properties in 1996 and has remained with the company ever since. 
  • Executive Director Susan B. Silver has extensive experience facilitating all sorts of transaction types and has completed more than 750 transactions during her career. Her clients have ranged from individuals and companies to developers and major institutions. 
  • Executive Director Brad Thompson has enjoyed a career focused on buying and selling investment commercial real estate assets. A court appointed receiver in every Chicago area county, he often acts as an expert witness and has served as a sales resource for special servicers.

 

Commonly Asked Questions about Commercial Property Management

Is tenant acquisition and screening included with property management? 

Yes, tenant acquisition and screening are included in our commercial property management services. Millennium Properties manages the entire leasing process, from marketing your property and attracting prospective tenants to conducting thorough background checks and financial screenings. Our goal is to secure reliable tenants who are a strong fit for your property and long-term success. 

Does commercial property management also include rent collection and delinquencies?

Absolutely. Our property management services cover all aspects of rent collection and delinquency management. We ensure timely rent collection, send reminders, and address late payments through a structured process that protects your investment while maintaining positive tenant relations. 

Does commercial property management increase the property's value?

Yes, effective commercial property management can significantly increase property value. By reducing vacancy rates, ensuring proper maintenance, optimizing tenant retention, and maintaining financial stability, Millennium Properties works to enhance the overall profitability and market value of your commercial asset. 

What types of properties do you manage?

Millennium Properties manages a wide range of commercial properties, including office buildings, retail centers, industrial warehouses, mixed-use spaces, and multi-family residential complexes. Our team has experience with diverse property types across the Chicagoland area, tailoring strategies to each asset's unique requirements. 

Can commercial property management help with tenant retention and relations?

Yes, tenant retention and relations are key components of our management strategy. We focus on proactive communication, timely maintenance, and personalized service to ensure tenant satisfaction. Our team works to foster positive tenant experiences, reducing turnover and ensuring long-term occupancy. 

Maximize the value of your commercial properties with professional management—reach out to us today!