April 2013 www.SIORChicago.com  

For over a decade KTR has been focused exclusively on acquiring, developing, and managing assets in the industrial property sector throughout North America. KTR targets a wide range of investment opportunities including single property and portfolio acquisitions, development, note purchases as well as fund recapitalizations. KTR’s current investment vehicles provide approximately $4.5 billion of investment capacity.  Currently, KTR owns and operates over 10.3 million square feet of industrial property in the Chicago market and works with many SIORs to acquire and lease those assets. In the last year, KTR has completed over one million square feet of leases in the Chicago market. Recently, KTR acquired 2407-2457 West North Avenue in Melrose Park, IL and was able to renew the 6B tax abatement after closing in October 2012.

The property is currently being marketed by John Suerth, SIOR with CBRE.



Krusinski Construction Company is celebrating 40 years in business – an exceptional milestone that reflects not only the hard work and dedication of founder and CEO Joe Krusinski, but also that of the entire team. Veteran employees credit Krusinski Construction’s longevity to providing the highest quality work and forming strong relationships with employees and clients.

Krusinski’s first building still stands at 1400 Norwood in Itasca – a 102,000 square-foot multi-tenant facility.  Its current project list includes facilities for Toyota, CN Railway, Magnetrol International, Virginia Tile, Medefil, Inc., MDDS Endoscopy Suite, Comcast, IAC, ML Realty Partners, Liberty Property Trust and McKesson.

“Our strategic growth and diversity of projects and services has been integral in our longevity. Not to mention we have the very best clients with whom we build trusting relationships. More importantly, our incredibly loyal and hard-working team has made us the Company we are today.”


Associated Banc-Corp (NASDAQ: ASBC), with total assets of $24 billion, is one of the top 50 financial services holding companies operating in the United States. The Commercial Real Estate Division is committed to providing clients with high quality, professional real estate financing. Construction and term loan services include origination, underwriting, closing and servicing of owner-occupied businesses. We are actively lending on industrial properties to both users and investors and also have an SBA lending program. We welcome lending inquiries on all types of industrial properties, including high-velocity distribution warehouses, manufacturing buildings, air cargo facilities and crane buildings.

The Commercial Real Estate Group has offices in Chicago, St. Louis, Minneapolis, Madison, Green Bay, Milwaukee, Indianapolis, Cincinnati and a newly added office in suburban Detroit.Associated Bank, N.A. is an Equal Housing Lender, Equal Opportunity Lender and Member FDIC.



We’re now four months through 2013 and we’re pleased to report on several great recently held and upcoming events of note to you, our chapter members:


  • At our April 23rd monthly luncheon, Bob Dold, former U.S. Congressman from the 10th District, gave us his unvarnished vision and comments as to the state of our state, his optimism for the future and the tough choices still looming for our state’s leaders. We brokers are optimists by nature, so we’re betting the former Congressman was hitting on all cylinders!
  • The SIOR Spring World Conference in Indian Wells, CA was a fantastic experience. The two keynote speakers delved into the "secret sauce" behind Disneyworld's staff development and training, as well as the finer points of best-in-class communication techniques.
  • The Second Annual Fun Shoot will be held on Friday, May 17th, at the Deer Creek Hunt Club near New Buffalo, MI.  Several Chicago Chapter members have signed up for this joint gathering between the Chicago, Michigan & Indiana/Kentucky chapters, but there’s still room for more.  If you don’t have one of the previously emailed invitations, register directly with Sherry Mallamo at sherry.mallamo@cassidyturley.com or call her at 317-639-0539.
  • Our May 28th monthly luncheon will feature Gary Fencik, former ’85 Chicago Bears Super Bowl Champion standout, who will have great comments and insight into his playing days, plus his life after pro football in real estate deals, private equity markets and other pursuits.  Be sure to put this date on your calendar and plan to attend.
  • A fun member recruiting event will be held on June 13th at a bowling venue in Lincoln Park.  We’re expecting a good group of rising brokers interested in joining SIOR plus some current members to enjoy some fun on the lanes and great camaraderie. Details will be emailed shortly.

As announced at the last Chapter luncheon, our Social Media committee, led by JD Salazar, SIOR, with tremendous support from our Executive Director, Joanne Works, has been hard at work in overhauling our Chicago Chapter website.  It is live now (at least in a beta version), so I strongly encourage you to check it out at www.siorchicago.org , take it for a spin and let us know what you think.  Your honest comments and suggestions as to the new functionality, possibilities for generating new content by and for our members and branding opportunities are key to its ongoing success! 

As always, our sincere thanks to our 24 Platinum Sponsors for 2013.  Check out the three sponsor profiles in this newsletter, and be sure to go out of your way at a chapter event or on your own to thank them for their efforts and ongoing support of our chapter.

David L. Liebman, SIOR, JD, LEED Green Associate

2013 SIOR Chicago Chapter President



Left to right: Larry Much, SIOR, of NAI Hiffman; David Liebman, JD, SIOR, of Op2mize, LLC, SIOR Chicago Chapter President; Congressman Dold; Mike Senner, SIOR, of Colliers International and Sam Badger, SIOR, of Paine/Wetzel TCN Worldwide, 2012 SIOR Chicago Chapter Program Co-Chair.

On Tuesday, April 23, 2013, former U.S. Congressman from the 10th District, Robert “Bob” Dold, spoke to the Chicago SIORs on the current economic and legislative climate for local manufacturing and its relation to the industrial real estate market.

Q1 M2M Transactions involving Chicago member(s)

Submit your M2M transactions by clicking here and benefit from increased exposure both locally and nationally - which can ultimately lead to more business for you.

Curt Stanton, SIOR of Paine/Wetzel TCN Worldwide with
Bryan Poynter, SIOR, CCIM of Cassidy Turley, Indiana Kentucky Chapter (seller)

brokered the industrial sale of 190,000SF ($1,200,000) 

Jim Planey, SIOR of Lee & Associates of Illinois
brokered the industrial sale of 127 acres ($1,676,400) with
Elise Couston, SIOR of Paine/Wetzel TCN Worldwide   

Curt Stanton, SIOR Paine/Wetzel TCN Worldwide
brokered the industrial lease of 27,217 SF ($481,740) with
Darren Shaw, SIOR Whitney & Company Realty Limited, Canada Central Chapter

Curt Stanton, SIOR of Paine/Wetzel TCN Worldwide
brokered the industrial sale of
138,998 SF ($400,000) with
Bill Poe, SIOR, CCIM, CPM of Poe & Cronk Real Estate Group, Virginia Chapter

Ron Behm, SIOR of Colliers International
brokered the industrial lease of 39,279 SF ($1,174,965) with
Andy Corken, SIOR and Dan Smolensky, SIOR of Modal Group   

Curt Stanton, SIOR of Paine/Wetzel TCN Worldwide
brokered the industrial lease of
39,780 SF ($1,933,308) with
Jon Savoy, SIOR, CCIM of Lee & Associates of Michigan, Michigan Chapter

Curt Stanton, SIOR of Paine/Wetzel TCN Worldwide
brokered the industrial lease of 27,217 SF ($481,740)
Darren Shaw, SIOR of Whitney & Company Realty Limited, Canada Central Chapter  

Duke Suwyn, SIOR, CCIM of Colliers International
completed an investment office transaction of
462,000SF ($16,200,000) with
David Kahnweiler, SIOR and Bill Fausone, SIOR of Colliers International 






It’s time, SIORs, to begin our support of the 2013 Ada S. McKinley Trunk Scholarship Program! 

A new class of students will be entering college in Fall 2013 and they stand in need of our generous donations!  Over the past two years, the SIOR Chicago Chapter has embraced the goals of the Ada S. McKinley Trunk Scholarship Program resulting in the generous underwriting of 20 trunks for first-year, inner-city college-bound students preparing them to leave home and embark on their college education. Each “Trunk Scholarship” donation of $500 provides these financially-challenged students with basic dormitory room items such as bedding, furnishings, school supplies, and personal toiletries that would otherwise not be obtainable by these students. 

Please watch your email for more information on how you and your firm can participate. We look forward to meeting our goal of underwriting 20 trunks in 2013 from the SIOR Chicago Chapter in support of these well-deserving college-bound students. Let’s make it happen!


May 28th
Monthly luncheon meeting

Rosewood in Rosemont
11:30 registration/noon lunch
Meet Gary Fencik, Chicago Bears Superbowl Champion

July 18th
Annual Golf Outing, Cantigny Golf in Wheaton - watch for details coming soon


We would like your feedback as we revise and improve our content for the SIOR newsletter. Please email your responses to Joanne Works at jworks@integrated-solutions.com.

What type of information would you find useful in helping you with your business?

What additional services or programs would you like to see incorporated?

Newsletter coordinated by Patricia True Agos, KT Public Relations, Inc., ktpronline.com  

David Liebman, JD, SIOR

Joanne Works
Executive Director

Elise Couston, SIOR
Vice President


Roy Splansky, SIOR


Larry Johnson, SIOR


Adam Roth, SIOR, CCIM
Director at Larg

Christopher Curtis, SIOR
Past President