Brian Properties, Inc. has been awarded management of a five-building industrial portfolio in Carol Stream, Illinois. The engagement was secured through a referral from Mike Antonelli of Brown Commercial Group, who will continue to represent the portfolio’s leasing activity while Brian Properties assumes full operational management responsibilities.
This assignment enhances Brian Properties’ presence within the North DuPage industrial corridor—one of the most resilient and in-demand submarkets in the Chicago metropolitan area. The portfolio totals 94,363 square feet across five well-maintained assets featuring long-term tenants and strong occupancy performance.
Portfolio Overview
- 281 Carlton Dr., Carol Stream, IL – 14,500 SF, 100% occupied
- 285–289 Carlton Dr., Carol Stream, IL – 14,700 SF, 100% occupied
- 288 Carlton Dr., Carol Stream, IL – 14,800 SF, 100% occupied
- 300 S. Main Pl. / 407 Gundersen Dr., Carol Stream, IL – 22,750 SF, 100% occupied
- 390–402 E. St. Charles Rd., Carol Stream, IL – 27,613 SF, 87% occupied
These properties are strategically positioned near major transportation routes serving the western suburbs, offering tenants accessibility and stability within one of the region’s most established industrial corridors.
Market Context
According to the CoStar North DuPage Industrial Market Report (October 2025), the submarket maintains a vacancy rate of 3.7% and an average asking rent of $9.50 per square foot, supported by 2.9% year-over-year rent growth. Minimal new supply—only 57,000 square feet delivered in the past 12 months—has contributed to steady pricing and sustained investor confidence. Over the same period, total sales volume reached $130 million at an average price of $126 per square foot and cap rates near 7.4%, underscoring the corridor’s long-term resilience.
Strategic Significance
The referral-driven engagement reflects the trust and collaboration built between Brian Properties, Inc. and brokerage partners throughout the Chicago market. By aligning property management and leasing under experienced professionals, the portfolio will benefit from consistent communication, proactive oversight, and optimized operational performance.
“Collaborating with trusted partners like Brown Commercial Group strengthens our commitment to operational excellence and client service,” said Mark Meskauskas, President of Brian Properties, Inc. “This portfolio is a strong addition to our managed industrial assets, and we’re dedicated to maintaining superior performance for ownership and tenants alike.”
About Brian Properties, Inc.
Brian Properties, Inc. manages over 880,000 square feet of commercial, industrial, retail, office, and multifamily assets throughout the Chicago metropolitan area, including DuPage, Cook, Lake, and Kane Counties. The company’s comprehensive management approach combines proactive communication, financial oversight, and tenant retention strategies to drive property performance and long-term value.
Media Contact
Company Name: Brian Properties
Contact Person: Mark Meskauskas
Email: Send Email
Country: United States
Website: https://www.brianproperties.com/
