Caton Commercial

Caton Commercial

Joe Herron joins Caton Commercial

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Joe Herron joins Naperville based Caton Commercial Real Estate Group as Senior Vice President.

Joe Herron specialized in retail tenant representation and the leasing of retail commercial property for over 17 years. He has also been involved in pre-leasing of proposed power centers from inception to opening located within the Chicago area’s newest suburban retail corridors as well as a heavy emphasis on retailer tenant representation in their expansion efforts both in the city and suburbs.

Herron has been effective in aiding several national retailers in their efforts to dispose of closed or closing locations. His primary area of concentration has been throughout the Chicago Metropolitan Area. He also created and manages a nationwide network of brokers executing national disposition efforts on behalf of national retailers.

Bulldog Ale House Opens 6th Location in Rolling Meadows

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Caton Commercial Real Estate Group tenant Bulldog Ale House  has opened its 6th location at 1480 Golf Rd. in Rolling Meadows, Illinois.

The 6,000 SF  building, previously a Chili’s restaurant, was completely renovated to modernize the appearance and add seating. New ownership also added two patios with outdoor fireplaces. The inside of the restaurant features garage doors that open onto the patios, ecelectic multi-tone wood walls, and a copper bar front. In addition to indoor seating choices, which include spacious booths, tables, and high-top table, Bulldog patrons can drink and dine outside on both patios.

“Owner Matt Ahmeti chose this location because of the many great offices in the area, and opened up to large success with businesses people going out for lunch and dinner,” sas tenant representatives Steve Caton, CCIM  and  Nick O’Donnell.

The Rolling Meadows Bulldog Ale House    joins  five other  locations in the Chicagoland area including Roselle, Carol Stream, New Lenox, North Aurora, and Bolingbrook.  Soon to join the suburban locations, two new Bulldog Ale Houses will open downtown Chicago in Loyola and on State Street.

Raymond Group to Build Home2 Suites by Hilton Hotel in Joliet

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Caton Commercial Real Estate Group  has sold a property to The Raymond Group that plans to build Home2 Suites by Hilton Hotel in Joliet. This heavy traffic area picks up plenty of vehicles per day; approximately 74,000 on I-55 and 33,700 on US 30. The hotel would be built on a 2.7-acre site located  at the SW corner of Hennepin Drive and Louis Joliet Mall Entrance Rd, with the exact location to be 3554 Hennepin Dr. This three-story hotel will feature 115 rooms with desks and kitchens designed for extended stay guests. Construction is set to start toward the end of summer 2016 and should take about  a year to complete. The Raymond Group also owns two Hampton Inn hotels in Joliet and TownePlace Suites by Marriot. Caton Commercial brokers on this property were Steve Caton, CCIM and Ron Swacker.

Recap of ICSC Dealmaking in Chicago 2014

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Chicago ICSC Dealmaking 2014  

By: Steve Caton

I always find that trade shows and conventions are a good indicator on how the economy and your industry are doing. This year was no exception. Having been going to ICSC events since 2004, I witnessed the robust years in 2005-2007, where attendances in Chicago and Las Vegas were insane, so crowded that you could barely meet the people you wanted to meet, to the slim years of 2009-2011 where everyone got together to complain that not much was happening and no one could get any money for their projects or purchases. This year was somewhere in the middle. [Read more…] about Recap of ICSC Dealmaking in Chicago 2014