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Preferred Development is a Chicago-based commercial real estate development and management company.
Formed in 1993 in order to pursue real estate development opportunities, the company is now one of the most aggressive “turn-key”build-to-suit developers in the Midwest.
Over the last 12 years, we have worked with some of America’s most respected retail organizations including LaSalle Bank, Jiffy Lube, Sherwin Williams, Blockbuster Video, Applebee’s, Aldi, TCF Bank, BP Amoco and Walgreens. In fact, since the mid-1990s, Preferred has assisted WalgreensCompany in their expansion plans throughout the Midwest and Arizona most of which required assemblages involving multiple property owners, changes in zoning status and management of general contractors in the construction of the Walgreensdrug stores.
By 2005, Preferred has completed construction projects totaling more than $150,000,000 of investment-grade real estate on behalf of our national and regional retail tenants. In addition, preferred has sold over $400,000,000 worth of net leased properties to both 1031 Exchange clients and trustofficers.
Because of the principals’diverse real estate backgrounds, the staff of Preferred Development is able to provide a level of service not readily found with other companies in this industry. we will negotiate every aspect of your development project. With our seasoned in-house architectural and construction staff, we establish and manage your construction schedule and meticulously monitor its progress to ensure that your project isdelivered on time and on budget.
If you would like to learn more about how Preferred Development can help you find, construct and lease property in some of the most desirableMidwest retail locations, contact us today.
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