We have a unique ability to understand the fabric of a community and which retailers will thrive in these dynamic neighborhoods. Take a look at our project in Bucktown/Wicker Park – one of the hippest Chicago neighborhoods on the north side as an example of our work.
This project is a tenement to our ability to transform a "diamond in the rough.". We took a 1970's grocery anchored shopping center which was 105,000 square feet and transformed it into a thriving retail hub with a new façade and the addition of new national tenants. Our work has lead to an increase in over 30% in storewide sales year over year.
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“Preferred Development is a Chicago-based commercial
real estate development and consulting company.”
PresidentSee Evan's Profile
Preferred Development was originally formed in 1993 to pursue single tenant turn-key retail development opportunity and is now one of the most aggressive developers and owners of retail properties across the Midwest.
Since it's inception, Preferred has been a tenant-driven organization working with some of America's most respected retailers, including, Starbucks, LaSalle Bank (now Bank of America), Jiffy Lube, Sherwin Williams, Blockbuster Video, Applebee's, Aldi, BP and Walgreens. In fact, since the mid-1990s, Preferred has assisted Walgreens Company in their expansion throughout the Midwest and Arizona; most of which required difficult assemblages involving multiple property owners, environmental issues, changes in zoning status and management of general contractors. To date, Preferred has completed development projects totaling more than $400,000,000 of investment-grade real estate. In addition to this, Preferred has sold over $1 billion worth of net leased properties to both 1031 Exchange clients and trust officers.
We encourage you to learn more about how Preferred Development can identify ideal retail sites, provide ground-up development, and lease retail space in some of the most desirable markets in the Midwest.
Completed Developments: See completed developments
Preferred Development has been associated with free-standing, in-line, and mixed use properties that contain both high-end apartments and office space. We provide a superior level of management and tenant satisfaction due to our philosophy the best occupant is the tenant that you already have.Completed Projects
Over the past several years, Evan Oliff has played a national role as principle, general partner,advisor and broker to an array of GSA leased assets, including, properties directly occupied by the DEA, DHS, FBI, NARA, ICE among other agencies.Completed Projects
Since 1986, Evan has developed over 45 freestanding triple net leased Walgreens throughout the midwest. In addition, he has acted as both consultant and broker for the sale of 82 Walgreens to 1031 Exchange clients, syndicators, individuals, and family offices.Completed Projects
Recommendations: See all testimonials
We at T&W have and continue to very much enjoy our working relationship with Evanand Preferred Development. Evan takes a common sense "hands on" approach in his decision making and project involvement, which helps expedite progress.
With his leadership, the company has grown and diversified their portfolio to consistently take advantage of current market opportunities. Today, they are a nimble leader with valuable partners in several real estate developments.
Yvonne A. Jones
McCaffery Interests, Inc.
Evan is a leader in his field, one of the most creative real estate professionals I've worked with in my 30 year career. He's an expert in retail renovation and development of single tenant triple net leased properties. I've truly enjoyed the working relationship we've had over the past 10 years working on deals in the midwest.
NAI Harding Dahm?
Executive Vice President
Ridgestone Bank, Vice President
Mayor Decatur, IN
Art & Science Hair Studio, Owner