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Pat Sullivan Winner at the 2015 NAIOP Chicago Awards for Excellence

Thursday, December 10, 2015

HFF Pat Sullivan HFF's very own Pat Sullivan was recently honored as a 2015 NAIOP Chicago Awards for Excellence Winner as he tied for the Top Broker Transaction — Industrial Investment in Chicago.

Sullivan and the HFF Chicago team closed the transaction for Preferred Freezer, a 174,780-square-foot freezer facility in June 2015. The transaction for this industrial property in Chicago was one of the biggest of the year for the team. Sullivan and his team's ability to find a buyer for a cold-storage facility in Chicago was aided with the closure of a similar deal only a month before. A buyer was quickly identified, and signed to a long-term lease with Preferred Freezer Services, a leading company in the public refrigerated warehouse space.

The transaction involved:

  • Extensive negotiations between parties
  • Evaluation of tenant's financial health and capabilities
  • Analysis and resolution of perceived environmental issue

The team's approach to carefully identifying the right buyer and meticulously executing the deal was imperative in creating an aggressive capitalization rate and benchmark price-per-pound cold-storage industrial property in Chicago. HFF Chicago is consistently recognized as a top commercial real estate firm serving the American Midwest. Named as a CoStar Power Broker 2014, HFF Chicago is rated as a Top Commercial Real Estate Broker and Financial Intermediary by Midwest Real Estate News. Additionally, the team is recognized as the No. 2 Capital Markets Intermediary in Chicago during 2014 by Mortgage Bankers Association.


The NAIOP Chicago Chapter is considered the leading organization for commercial real estate professionals in the Chicago area. NAIOP Chicago provides members with insight regarding the current market conditions in the industry, along with promoting commercial real estate in Chicago within local communities. The organization is invested in providing quality educational programs and creating networking opportunities for the city's preeminent commercial real estate brokers.

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