The Modal Group completes sublease in less than 60 days.
CHICAGO-In early 2013 The Modal Group represented a company that leased an air cargo facility in Bensenville, IL in the O’Hare submarket of Chicago. In 2014 that same company realized they needed to suspend the Bensenville operation so they engaged Daniel Smolensky, SIOR of The Modal Group to sublease the space. In less than 60 days the client had a fully executed sublease and their financial exposure and risk was diverted to the subtenant. With an aggressive marketing campaign Smolensky had over 5 showings and four offers in the first two weeks. Smolensky continued to receive offers and negotiate with interested parties in the weeks to come and then settled on a company that was the best fit. The rent will cover 100% of the client’s exposure including utilities.