CHICAGO—Chicago-based Baum Realty Group, LLC, aretail brokerage firm, has just added BradTeitelbaum and Patrick Forkin as new vicepresidents in its investment sales division. The two will focus onthe sale of net lease investments on a national platform.
“The market for net lease product is robust and shows no sign ofslowing down,” according to Baum's chief operating officer,Mike Demetriou. “We're extremely excited to addthis pair of industry experts to our team.”
As reported in GlobeSt.com, cap rates for single tenant netlease retail properties have been sinking for more than three years, accordingto a series of studies by the Boulder Group, acommercial real estate firm in suburban Chicago. The cap rates forretail properties, for example, went down to 6.5% in the secondquarter, a decline of 25 bps from the last quarter, when rates hadhit an already historic low of 6.75%. One year ago the retail ratestood at 7.0%.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
