Senior Vice President of Matanky Realty Group (MRG) Terri Cox is recognized by leading provider of commercial real estate (CRE) information, CoStar, as a top retail lease dealmaker in Chicago during the third quarter of 2022. This award is a part of the CoStar Power Broker Quarterly series, and it marks Cox’s sixth time winning this award. The years prior in which she has been a recipient include 2013, 2014, 2015, 2017, and 2018.
CoStar honors dealmakers each business quarter with the CoStar Power Broker Quarterly Deals award for retail leases of commercial properties that are found near the top of the range in either size and/or monetary value. CoStar displays the most impressive of commercial property leases on their website. The dealmakers responsible for these leases are recognized and commended for their help in advancing their respective markets and positively impacting the communities they serve.
Matanky’s Terri Cox received this quarter’s award due to her work with the property at 2811 N Narragansett Avenue – located within the Belmont Central neighborhood of Chicago, IL. This former 10,000 SF bank building now operates as a Wendy’s fast-food restaurant and will supply the residents of Belmont Central with hamburgers and Frosties for at least the next two decades.
This twenty-one-year lease is the product of Terri Cox’s ability to find her clients properties which meet their business needs by ensuring compatibility both with the physical space itself and with the surrounding area. We believe that this Wendy’s will add value to the neighborhood and prosper at this location due to the dense population of the surrounding neighborhoods and the influence of the popular nearby retail tenants. To ease any concerns presented by the residents of the surrounding neighborhoods, Matanky Realty Group participated in several community meetings. At MRG, we understand that a leasing agreement impacts the area around the business just as much as the business that is leasing the property. These meetings created an opportunity for residents to provide feedback about the new restaurant and involve themselves in the decision-making process.
Terri Cox and the staff at Matanky Realty Group feel honored to shape communities by serving the neighborhoods of Chicago. We thank CoStar for this award and congratulate the other recipients on this great achievement.
To read the CoStar Power Broker Q3 article, click on the following link. Then choose the Chicago market for Q3 2022 in Top Retail Leasing Deals.