IN THE NEWS
"River North Condos have plenty of charm" – Daily Herald, Nov 22, 2005
"Natarus calls time out in development duel" - Chicago Sun Times - February 2, 2005
CHINN OUT: Last week's column quoted commercial broker Keith Lord as saying Bob Chinn's Crabhouse, 315 N. La Salle, is one of
several downtown restaurants that might not survive 2005. Then a letter arrived purportedly from Salvatore Ferrara, partner in the
restaurant. It said Chinn is no longer in the venture and the place will now be called Ferrara's Fish & Chop House.
"Here's a market view with no false optimism" - Chicago Sun Times - January 26, 2005
Into this comfortable little ritual comes Keith Lord, president of the Lord Cos. LLC, a commercial brokerage for the city and the suburbs. He
likes to shake things up by offering what he calls his "dead list," retailers who he believes are declining and shouldn't be looked at as reliable
long-term tenants or owners.
In various forums in the past, Lord occasionally has caused discomfort with his list. He correctly foretold the end of the bagel store fad and
the misbegotten strategy of Boston Market. He has questioned the proliferation of storefront banks that do nothing but take deposits and
issue home-equity loans. One of the leading storefront operations, Washington Mutual, has started retrenching. And Lord's been wrong, too,
having fingered McDonald's before it rediscovered the virtues of consistency, speed and price.
"Playing Chicago's Retail Game" - Heartland Real Estate Business, July 2003
It seems that everywhere you look in the urban Chicago retail market-place, retailers large and small are
throwing out conventional wisdom – and their rulebooks – to stay in the game of obtaining locations and
market share in this vibrant city.
For example, blockbuster Video, Aldo Shoes, Einstein Bagels and an oversized Starbucks Coffee on
Chicago’s North Side all have sites without parking. In addition, Banana Republic, Express, Victoria’s
Secret, Restoration Hardware and Z Gallerie – all in the same area- have two-story street entrance stores
that are well outside of their standard store plans.
"Dominick's closings would hurt Inland REIT" - Chicago Sun Times - November 20, 2002
DEVELOPER DREAMS: Sun-Times' City Hall writer Fran Spielman noticed that developers filed plans to convert an old office building at 1001
W. Van Buren, just north of the University of Illinois at Chicago, into 490 homes. Co-developer Robert Berliner Jr., who owns the property with
a group that includes retail leasing specialist Keith Lord, emphasized that plans are in the early stage and that he's not about to test a slow market.
“Fordham Tower Overlooks Castles, Lord Seeks Retail Tenants” - Illinois Real Estate Journal - May 7, 2001
With Holy Name Catholic Cathedral in the background, construction commences on The
Fordham Tower at 25 East Superior. The residential tower, which is offering 13,775
square feet of retail space, is in the middle of the Cathedral District.
Lord, president and managing partner of The Lord Cos. L.L.C, is the leasing agent for the
13,775 square feet of retail space available on the first floor of the tower. There is no
question about it; Lord is looking for tenants that will compliment the tower.
"Cautious Optimism Leads Area Builders" - Inside - November 28, 2000
“Unfortunately may projects’ designs are driven by the residential component and in the process you destroy what makes
your project desirable for a retail tenant,” says Lord. Pantazelos also added that many banks will not finance retail projects
now without a signed lease for the retail space, and Lord suggests that the developers get a retail consultant on board early
with any mixed-use project.
“Chicago now has the highest grossing Target store, Home Depot and Starbuck on their respective chains,” says Lord. “It’
s very difficult to backfill retail and retail is now coming back big in the city. Many retailers are now scrambling to get into
Rogers Park and Uptown before the prices get too high,” he said.
"High-tech center..." - Chicago Tribune, August 9, 2000
High-tech center: A partnership that includes veteran developer Robert Berliner and John Mullen has plans to renovate a five-building complex at
1001 W. Van Buren Street into office space for high tech tenants, said Keith Lord, president of Chicago-based Lord Cos. and the partnership's
third member. The group aquired the property, to be called Premier Center; from Chicago-based Kenard Corp., which sold it to focus on other
"Hot Krispy Kremes rev tastebuds and hopes" - Chicago Sun Times - February 2, 2000
"Take (Krispy Kreme) into Lincoln Park, and it would clean up," said Keith Lord, president of the retail brokerage firm Lord Companies LLC.
Lord already has two perfect Krispy Kreme sites in mind: at Clark and Ohio streets in Tourist Central, and in the Lincoln-Belmont-Ashland area,
across from Whole Foods Market.
"Lincoln on the rebound, Residents flocking to area..." - Chicago Sun Times - October 22, 1999
Keith Lord, president and managing partner of the Lord Companies LLC, the retail broker re-leasing the Service Merchandise space, declined to
confirm those reports.
"We have a ton of interest from both local and national retailers," Lord said. The vacant site shares parking with Whole Foods' 180-car parking
garage, and sits within two blocks of the CTA's Brown Line and four city surface parking lots. The site also is served by three city bus routes.
"Keith Lord and Robert Berliner Win Good Neighbor Award" - Near North News - June 26, 1999
"The Chicago Association of Realtors presented its annual awards to property owners and developers at its Good Neighbor Ceremony. Winners
include Bill Moran of Dearborn Development for 33 W. Huron; Bruce Fogelson of Paramont Homes for 2475 N. Lincoln; ...Keith Lord and
Robert Berliner of the Lord Companies for 844 W. Diversey..."
"Values are prudent" - Real Estate Journal, May 24, 1999
"Luxury for rent: $11,000 a month_and up" - Chicago Sun Times - February 9, 1998
"The rebirth of mixed-use Chicago's residential construction..." - Chicago Sun Times - December 5, 1997
THE LORD COMPANIES, L.L.C.
Retail is rebooted at the 2018 Retail & Mixed-Use Summit - 9/18
For those listening for the death knells of retail, the deafening sound of a strong economy has drowned them out. The speakers at the 9th annual
Chicagoland Retail and Mixed-Use Summit all agreed that brick-and-mortar retail is changing, but it certainly isn’t dying.
Keith E. Lord, president, manager and managing partner of The Lord Companies moderated the first panel, looking at the state of the market. He was joined
by Mike Demetriou, president and broker at Baum Realty Group; John C. Melaniphy, III, director of economic development at the Village of Wheeling;
Sarah Shaw, shareholder at Vedder Price; Bryant Siragusa, vice president, national restaurant and entertainment leasing at Starwood Retail Partners and
Ellie Whitlock, managing director, commercial real estate at CIBC.
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Mozzarella Store to open first shop on Chicago's North Michigan Avenue
Mozzarella Store, a new chain of cheese shops, is opening its first location across from the old Chicago Water Tower. Visitors will be able to buy
cheese, eat pizza and watch mozzarella and burrata being made.
Chocolate is out and cheese is in for the former Hershey store space just off North Michigan Avenue.
The Mozzarella Store, a new chain of cheese shops, is opening its first location in the former Hershey’s Chocolate World Chicago space across
from the old Chicago Water Tower. Visitors will be able to buy cheese, sample Neapolitan pizza and other Italian food and watch mozzarella and
burrata cheese being made by a large spinning machine.
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Matteson Officials Announce Redevelopment Of Former Lincoln Mall Space
South suburban officials have big plans for the site of the former Lincoln Mall.
Matteson Village President Sheila Chalmers-Currin said that the proposed Market Square Crossing, at I-57, Route 30 and Cicero Avenue, is already
a place that people want to be.
The $250-to-300 million development is envisioned to include 600 upscale townhomes and condos, about 160,000 square feet of retail space and a
sports complex that will bring in people from across the country for tournaments.
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More on Former Lincoln Mall in Matteson could feature new housing, retail development
Four years after Lincoln Mall in south suburban Matteson closed and more than two years after it was demolished, a new plan to redevelop the
60-acre site is taking shape.
Market Square Crossing would turn the barren space into a self-contained town within a town that includes new housing, retail and entertainment.
"It's infused with open space as well, open sitting spaces, so we can invite the community out for different venues, be it concerts in the park or
farmer's market and things of that nature," said LaVern Murphy, deputy director of economic development for the village of Matteson.
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