The commercial real estate industry in Illinois is a dynamic sector focused on the investment, development, and management of properties used for business purposes. It includes a mix of firms that cater to various asset types, such as retail, office, industrial, and multifamily spaces. Current trends show a shift towards sustainable development and urban revitalization, reflecting changing consumer demands and community needs. Developers and property managers are increasingly implementing technology to enhance operational efficiency and tenant services. As the market evolves, opportunities in adaptive reuse and mixed-use developments are gaining traction, promising a bright future for local companies.

The companies listed here represent a mix of sizes, primarily located in Chicago, Illinois, and span a range of specializations from leasing and property management to investment advisories. Established since the mid-20th century, firms like Golub & Company and Interra Realty exhibit a range of services, ensuring tailored solutions for their clients. With employee counts from small teams to several hundred professionals, these companies are well-positioned to navigate and influence the commercial real estate landscape.

Continue reading to explore the top commercial real estate companies in Illinois.

Top 19 Commercial Real Estate Companies in Illinois

1. Golub & Company

• Website: golubandcompany.com
• Ownership type: Private
• Headquarters: Chicago, Illinois, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1960
• Headcount: 51-200
• LinkedIn: golub-%26-company

Golub & Company is a Chicago-based real estate firm that specializes in the investment, development, and management of multifamily, commercial, and mixed-use properties. With a history spanning over six decades, the company has built a reputation for transforming urban landscapes and enhancing community living. Their portfolio includes notable projects such as the Tribune Tower in Chicago and the Bristol in West Palm Beach. Golub & Company prides itself on its ability to create environments where tenants, residents, and businesses can thrive. They focus on vertical integration, managing every aspect of their projects from acquisitions to leasing and management. This comprehensive approach allows them to maintain high standards and foster lasting relationships with stakeholders. Their commitment to community development is evident in their projects, which aim to reshape neighborhoods and cultivate a sense of belonging.

2. SVN Chicago Commercial

• Website: svnchicago.com
• Ownership type: Private
• Headquarters: Chicago, Illinois, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1987
• Headcount: 51-200
• LinkedIn: svnchicagocommercial

SVN Chicago Commercial is a commercial real estate firm based in Chicago, Illinois, established in 1987. The company specializes in a wide array of services, including sales, leasing, tenant representation, and property management. With a dedicated team of professionals, SVN Chicago Commercial assists property owners, investors, and tenants in navigating the complexities of the real estate market. Their approach emphasizes understanding client needs and delivering tailored solutions to maximize investment potential. The firm operates in various sectors, including retail, office, multi-family, and industrial properties, showcasing their capability to handle different asset classes. SVN Chicago Commercial is part of the SVN International network, which enhances their reach and resources, allowing them to provide comprehensive services to clients across the region. Their commitment to collaboration and client-first philosophy positions them as a significant player in the commercial real estate industry.

3. Interra Realty

• Website: interrarealty.com
• Ownership type: Private
• Headquarters: Chicago, Illinois, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2010
• Headcount: 11-50
• LinkedIn: interra-realty-llc

Interra Realty is a Chicago-based real estate brokerage firm that specializes in multifamily and commercial real estate investments. Established in 2010, the company has built a reputation for providing tailored services that include investment advisory, land development sales, and loan sale advisory. With a team of experienced professionals, Interra Realty focuses on helping clients navigate the complexities of real estate transactions, ensuring they maximize the value of their investments. The firm prides itself on its deep understanding of the Chicago market, offering hyperlocal insights that are crucial for successful investment decisions. Interra Realty has developed strong relationships with clients, which is reflected in their high transaction volume. Their commitment to client service and market expertise positions them as a notable player in the commercial real estate sector.

4. Riverside Investment & Development Company

• Website: riversideid.com
• Ownership type: Private
• Headquarters: Chicago, Illinois, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2010
• Headcount: 11-50
• LinkedIn: riversidechicago

Riverside Investment & Development Company, based in Chicago, Illinois, is a private real estate development and investment firm that specializes in creating tenant-focused office and multifamily spaces. Founded in 2010 by John O’Donnell, the company has quickly made a mark in the industry by pursuing complex development opportunities in urban growth markets. Riverside collaborates with various partners across design, engineering, construction, finance, and tenant representation to deliver high-quality projects that enhance tenant experiences. Their portfolio includes notable developments such as 150 North Riverside and 320 South Canal, both of which have garnered multiple awards for excellence in design and construction. Riverside's commitment to health, safety, and sustainability in their projects reflects a modern approach to real estate development, catering to the evolving needs of businesses and their employees.

5. Imperial Realty Company

• Website: imperialrealtyco.com
• Ownership type: Family Owned
• Headquarters: Chicago, Illinois, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1956
• Headcount: 51-200
• LinkedIn: imperial-realty-company

Imperial Realty Company, based in Chicago, Illinois, has been a significant player in the commercial real estate sector since its inception in 1956. The company specializes in the leasing, management, and redevelopment of office, retail, and industrial properties throughout the Chicagoland area. With a dedicated team of professionals, Imperial Realty has successfully redeveloped over 10 million square feet of various properties, showcasing their expertise in transforming underperforming assets into sought-after spaces. The firm manages a portfolio of 100 buildings and serves over 4,000 tenants, emphasizing their commitment to quality service and tenant satisfaction. Their in-house capabilities span maintenance, bookkeeping, legal, leasing, and construction, allowing for a streamlined approach to property management. Imperial Realty is also recognized for its community involvement, actively participating in local initiatives and supporting charitable organizations. This blend of operational excellence and community engagement positions Imperial Realty as a relevant and impactful player in the commercial real estate industry.

6. Jameson Commercial

• Website: jamesoncommercial.com
• Ownership type: Private
• Headquarters: Chicago, Illinois, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1982
• Headcount: 201-500
• LinkedIn: jameson-real-estate

Jameson Commercial is a Chicago-based commercial real estate firm that has been active since 1982. The company specializes in a range of services, including investment sales, leasing, and tenant representation. With a dedicated team of professionals, Jameson Commercial assists businesses and individuals in navigating the complexities of real estate transactions. They have a strong focus on the Chicagoland area, where they have built a reputation for expertise in various property types, including multi-family, retail, office, and industrial real estate. Over the years, Jameson has successfully facilitated billions of dollars in transactions, reflecting their significant involvement in the local real estate market. Their full-service approach ensures that clients receive comprehensive support, whether they are buying, selling, or leasing properties. The firm has also been involved in numerous development projects, further solidifying its role in the commercial real estate sector.

7. NAI Hiffman

• Website: hiffman.com
• Ownership type: Private
• Headquarters: Oakbrook Terrace, Illinois, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1981
• Headcount: 201-500
• LinkedIn: nai-hiffman

NAI Hiffman is a privately owned commercial real estate firm headquartered in Oakbrook Terrace, Illinois. Established in 1981, the company has grown to employ over 300 professionals, providing a wide range of services that include brokerage, property management, and advisory services. NAI Hiffman operates primarily in the Midwest but is expanding its footprint across the United States. The firm is known for its expertise in industrial, office, and retail markets, and it prides itself on delivering tailored solutions to meet the unique needs of businesses and property owners. NAI Hiffman is also the regional representative of NAI Global, which connects them to a broader network of commercial real estate firms worldwide. Their commitment to community involvement and sustainability is evident through various initiatives and partnerships, reflecting their dedication to creating positive impacts both within and outside the industry.

8. HSA Commercial Real Estate

• Website: hsacommercial.com
• Ownership type: Private
• Headquarters: Chicago, Illinois, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1981
• Headcount: 51-200
• LinkedIn: hsa-commercial-real-estate

HSA Commercial Real Estate, based in Chicago, Illinois, is a privately held firm that has been active in the commercial real estate sector since 1981. The company specializes in development, management, and leasing services across a variety of property types, including retail, office, healthcare, and industrial spaces. With a team of over 50 professionals, HSA has successfully managed and developed projects totaling more than 100 million square feet, with a current portfolio valued at over $2.5 billion. The firm has a strong track record in build-to-suit projects for major corporations and has received numerous accolades for its contributions to the industry. HSA operates in multiple states across the U.S., showcasing its broad geographic reach and expertise in various market conditions. Their focus on client-specific solutions and their ability to navigate complex real estate challenges position them as a significant player in the commercial real estate market.

9. LM Commercial Real Estate, a Lagestee-Mulder Co.

• Website: lmteam.com
• Ownership type: Private
• Headquarters: Burr Ridge, Illinois, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1989
• Headcount: 11-50
• LinkedIn: lagestee---mulder-commercial-construction-%26-real-estate

LM Commercial Real Estate, a Lagestee-Mulder Co., is a full-service commercial real estate firm based in Burr Ridge, Illinois. Founded in 1989, the company specializes in brokerage, construction, development, and investment services. They serve clients across the greater Metropolitan Chicago and Northwest Indiana areas, assisting with various real estate transactions and asset management needs. The firm has successfully completed over 1,000 projects, amounting to more than $300 million in commercial developments. Their expertise spans multiple sectors, including retail, office, industrial, land, and multi-family properties. LM Commercial Real Estate prides itself on providing tailored solutions that meet the unique requirements of each client, ensuring a high level of professionalism and attention to detail in every project.

10. Urban Innovations

• Website: urbaninnovations.com
• Ownership type: Private
• Headquarters: Chicago, Illinois, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: September 2024
• Founded year: 1978
• Headcount: 51-200
• LinkedIn: urban-innovations

Urban Innovations is a Chicago-based commercial real estate developer established in 1978. The company specializes in property management, leasing, and construction, with a focus on creating innovative and inspiring office spaces primarily in Chicago and Milwaukee. With a team of approximately 91 employees, Urban Innovations has managed over 1 million square feet of commercial space, demonstrating their significant presence in the market. They prioritize tenant health and well-being, having earned the WELL Health-Safety Rating for their entire portfolio. This rating reflects their commitment to maintaining safe and healthy environments for their tenants. Urban Innovations also engages in adaptive reuse projects, contributing to the revitalization of urban spaces. Their mission emphasizes helping tenants thrive and enhancing the communities they serve, showcasing their dedication to social responsibility within the commercial real estate industry.

11. The John Buck Company

• Website: tjbc.com
• Ownership type: Private
• Headquarters: Chicago, Illinois, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1981
• Headcount: 51-200
• LinkedIn: the-john-buck-company

The John Buck Company, based in Chicago, Illinois, is a private real estate development and property management firm that has been active since 1981. With a workforce of around 99 employees, the company specializes in the investment, development, and management of both commercial and residential properties. Over the years, they have developed or repositioned more than 47 million square feet of real estate, amounting to over $8 billion in gross value. The firm caters primarily to institutional investors and property owners, providing expertise in navigating complex real estate markets. Their portfolio includes notable projects such as Chicago's first LEED-certified high-rise and the world's most intelligent office building. The John Buck Company is also recognized for its commitment to sustainability, having integrated environmental, social, and governance principles into its operations long before they became industry standards. Their proactive approach to property management and development reflects a dedication to enhancing the quality of life in the communities they serve.

12. Sterling Bay

• Website: sterlingbay.com
• Ownership type: Private
• Headquarters: Chicago, Illinois, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1986
• Headcount: 51-200
• LinkedIn: sterling-bay

Sterling Bay is a Chicago-based real estate development firm that specializes in creating innovative spaces across various sectors, including office, residential, and life sciences. Established in 1986, the company has grown to employ around 167 professionals who are dedicated to enhancing operational efficiency and community engagement through tailored real estate solutions. Sterling Bay is known for its design-driven approach, which has led to the successful transformation of urban landscapes, particularly in Chicago's Fulton Market area. Their portfolio includes high-profile projects such as Lincoln Yards, a 53-acre mixed-use community that aims to revitalize former industrial land. The firm has also received recognition for its commitment to sustainability, achieving LEED certification for its developments. Sterling Bay's focus on health and wellness in its spaces, along with its philanthropic initiatives, demonstrates its dedication to creating positive impacts in the communities it serves.

13. Cresa

• Website: cresa.com
• Ownership type: Private
• Headquarters: Chicago, Illinois, United States (USA)
• Employee distribution: United States (USA) 89%, Canada 10%
• Founded year: 1993
• Headcount: 1001-5000
• LinkedIn: cresa

Cresa is a commercial real estate advisory firm founded in 1993 and headquartered in Chicago, Illinois. The company specializes in tenant representation and integrated real estate solutions, focusing on empowering occupiers to navigate the complexities of the real estate market. Cresa serves a wide range of clients across various sectors, helping them find optimal commercial spaces that align with their business needs. With over 1,300 employees and more than 80 offices, Cresa has established a significant presence in the industry. The firm is dedicated to advocacy for its clients, ensuring that their interests are prioritized in every transaction. Recent developments, such as the acquisition of a Philadelphia project management firm and the hiring of experienced brokers in key markets, highlight Cresa's commitment to growth and adaptation in a changing market environment.

14. Urban Retail Properties

• Website: urbanretail.com
• Ownership type: Private
• Headquarters: Chicago, Illinois, United States (USA)
• Employee distribution: United States (USA) 88%, India 6%, Taiwan 6%
• Founded year: 1972
• Headcount: 201-500
• LinkedIn: urban-retail-properties

Urban Retail Properties, LLC is a privately held real estate management firm based in Boca Raton, Florida, with a significant operational footprint across the United States. Established in 1972, the company specializes in the management and leasing of retail properties, including regional malls, power centers, and community centers. Urban Retail Properties offers a comprehensive suite of services that includes property management, leasing, development, accounting, marketing, and IT solutions. They cater to a variety of clients, such as pension funds, insurance companies, and institutional owners, helping them enhance the performance of their real estate investments. With a portfolio that spans over 16 million square feet and a commitment to sustainability through initiatives like solar energy, Urban Retail Properties demonstrates a proactive approach to modern real estate challenges. Their team, characterized by extensive industry experience, is dedicated to maximizing revenue streams and ensuring tenant success, which is crucial in today's competitive market.

15. Hamilton Partners

• Website: hamiltonpartners.com
• Ownership type: Private
• Headquarters: Itasca, Illinois, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1987
• Headcount: 51-200
• LinkedIn: hamilton-partners_2

Hamilton Partners is a private real estate development firm based in Itasca, Illinois, with a focus on commercial properties. Established in 1987, the company has built a reputation for quality development and property management across various sectors, including office, industrial, and retail. With a portfolio exceeding 17 million square feet, Hamilton Partners has successfully developed numerous projects in key markets such as Chicago, Salt Lake City, and beyond. Their services extend beyond development to include property management, leasing, and investment management, catering to the needs of tenants and investors alike. The firm is also committed to sustainability, having adopted green building practices and achieved notable LEED certifications for many of its properties. Hamilton Partners continues to adapt to market demands, ensuring they remain a relevant and active participant in the commercial real estate industry.

16. Peak Properties

• Website: peakproperties.biz
• Ownership type: Corporate
• Headquarters: Chicago, Illinois, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: July 2011
• Founded year: 1998
• Headcount: 51-200
• LinkedIn: peak-properties

Peak Properties, LLC is a property management and investment firm based in Chicago, Illinois, founded in 1998. With a workforce of approximately 133 employees, the company specializes in both residential and commercial real estate services. They offer a wide array of property management solutions, which include maintenance, tenant relations, and strategic investment activities. Their clientele consists of property owners, investors, and tenants who seek quality management and housing solutions. Peak Properties also provides construction services and receivership/REO services, showcasing their capability to handle various aspects of property management and investment. Their commitment to maintaining high standards in property management is evident in their operational practices, which include assigning dedicated property managers and engineers to oversee individual properties. This hands-on approach helps ensure that properties are well-maintained and that tenant needs are addressed promptly.

17. BARBERMURPHY | Commercial Real Estate Solutions

• Website: barbermurphy.com
• Ownership type: Private
• Headquarters: Shiloh, Illinois, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2004
• Headcount: 11-50
• LinkedIn: barbermurphy-group

BARBERMURPHY | Commercial Real Estate Solutions is a private real estate brokerage based in Shiloh, Illinois, specializing in commercial real estate services. Established in 2004, the company has built a reputation for providing expert guidance in brokerage, investment, and site selection. With a team of 23 dedicated professionals, BARBERMURPHY focuses on the Illinois and St. Louis regions, offering tailored solutions to businesses and investors navigating the complexities of real estate transactions. Their services cover various property types, including office, industrial, retail, and land sales. The firm prides itself on its deep understanding of local market dynamics and its ability to deliver timely, data-driven insights to clients. This approach not only aids in making informed decisions but also fosters long-term relationships within the community.

18. CRER (Chicago Real Estate Resources, Inc.)

• Website: crer.com
• Ownership type: Private
• Headquarters: Chicago, Illinois, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2004
• Headcount: 11-50
• LinkedIn: chicago-real-estate-resources

Chicago Real Estate Resources Inc. (CRER) is a private commercial real estate firm based in Chicago, Illinois, founded in 2004 by Eric Janssen, a veteran in the industry. The company specializes in a range of services including investment real estate sales, leasing for retail, office, and industrial spaces, property management, and receivership services. With a dedicated team of professionals, CRER has been involved in over 1,800 receivership appointments, managing assets valued at more than $2 billion. Their approach combines local market knowledge with a commitment to client service, ensuring that they meet the unique needs of each client. CRER has successfully facilitated transactions totaling over $3 billion, showcasing their capability in navigating the complexities of commercial real estate. They are licensed in both Illinois and Indiana, allowing them to serve a broader client base in the region.

19. McCaffery

• Website: mccafferyinc.com
• Ownership type: Private
• Headquarters: Chicago, Illinois, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1991
• Headcount: 51-200
• LinkedIn: mccafferyinc

McCaffery Interests, Inc. is a Chicago-based real estate development and property management firm that has been active since 1991. The company specializes in revitalizing urban spaces through a comprehensive suite of services, including development, leasing, and investment management. With a workforce of approximately 153 employees, McCaffery has successfully transformed under-utilized properties into vibrant destinations that cater to modern lifestyles. They have developed assets valued at around $3 billion and currently manage about 20 million square feet of commercial and multi-family properties. Their approach emphasizes sustainable urban growth, aiming to enhance the value of real estate assets while meeting the needs of the communities they serve. McCaffery's portfolio includes notable projects across various U.S. cities, reflecting their commitment to thoughtful and creative real estate solutions.

Commercial Real Estate Insights: Key Companies in Illinois

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