Resources

There are a number of essential components that must be addressed in order to facilitate a successful real estate transaction. Phillips Martin Real Estate is comprised of seasoned professionals who know how to proceed with due diligence and secure the physical and economic data necessary to satisfy a lender or municipality in order to insure a timely closing and occupancy.

In addition to structural and mechanical inspections, a zoning endorsement as well as the existing civil engineering often need to be determined and depicted on the property survey. Confirmation of utility services and any environmental or wetland issues need to be reported upon by firms designated by the proposed lender. It may be necessary to receive municipal approvals for any alternate zoning use or to facilitate architectural changes which may be required by the lender before closing. At Phillips Martin, we help secure and direct these third party professionals in an effort to provide our clients with access to a number of lenders who are qualified to finance the transaction.

For retail, industrial and office leases, Phillips Martin thoroughly reviews all lease documents and tenant finish floor plans. We make sure our clients understand all common area maintenance (CAM) expenses as well as any percentage pass-through of real estate taxes. We recommend clients select at least three buildings from which to secure proposals asking for market concessions as well as expansion/contraction and renewal options. We review building amenities, tenant HVAC maintenance specifications, separate metering of electricity, parking allocations, signage restrictions and security components of each property as it relates to the proposed effective rent desired by our client.

Phillips Martin subscribes to a number of data bases. Our clients have access to this information in addition to the marketing exposure provided on the Phillips Martin website. CoStar is available to our clients for searches as well as for marketing their properties. CoStar Group, Inc. is the principal information provider to commercial real estate professionals in the United States and the United Kingdom. It is the most comprehensive, verified database of commercial real estate information available to support the leasing, sales and valuation processes. Based in Bethesda, MD, CoStar is the largest professional research organization serving the commercial real estate industry.

Phillips Martin Real Estate and individual associates are members of:

• Association of Industrial Real Estate Brokers
• CoStar Group – National Database of Commercial Real Estate
• National Association of Realtors
• Realtors Commercial Alliance
• Certified Commercial Investment Member
• Realtor Association of West/Southwest Suburban Chicagoland
• Multiple Listing Service of Northern Illinois
• Realty Showcase