Baird & Warner To Open New Office in Chicago’s South Loop
Leading brokerage firm establishes 28th office following two consecutive record-breaking years
CHICAGO, IL (August 25, 2016) — Baird & Warner, Chicagoland’s largest, locally owned, independent residential real estate services company, announced it has signed a lease for a new office located in the Transportation Building at 620 S. Dearborn St., which will be focused on providing brokerage, mortgage and title services primarily to the South Loop and its surrounding neighborhoods. The new office builds upon the company’s exponential growth, marking its 28th location in the Chicago area and following two record-breaking years in revenues, including $7.2 billion in sales and 27,500 transactions in 2015.
“Baird & Warner has always been active in the South Loop, but with major developments like RiverLine and a massive 62-acre development bringing thousands of new residential units to the community, we’ll be well-positioned to leverage opportunities in this flourishing neighborhood,” said Laura Ellis, president of residential sales and the executive vice president of Baird & Warner. “Our company has experienced record-breaking revenues for the past two years, and our expansion in the South Loop will build upon that success.”
The South Loop office is slated for occupancy at the end of the year. Like all of Baird & Warner’s offices, it will reflect the company’s one-to-one ratio, having a dedicated, noncompeting manager overseeing a single office. Managing broker for the new location will be Jim Psyhogios, a real estate veteran and South Loop resident who has spent the last 20 of his 25 years in the industry providing brokerage services exclusively to the South Loop neighborhood. In fact, Psyhogios joined Baird & Warner earlier this year specifically to launch and manage the South Loop office.
“To have someone of Jim’s caliber leading our South Loop team speaks volumes about the success we envision for this new office,” said Ellis. “His knowledge and understanding of the neighborhood will be beneficial to everyone who walks in our door — whether they are a buyer, seller or an agent looking to join our family.”
“I’ve always been a champion of the South Loop as being one of most dynamic neighborhoods in Chicago, so I’m beyond excited to bring the best marketing and technology tools available to Baird & Warner’s broker associates, enabling them to make it easier for sellers and buyers to tap the neighborhood’s full potential,” said Psyhogios.
According to Psyhogios, recruitment for the South Loop office has been strong, including the addition of several bilingual agents to reflect the neighborhood’s diverse client base. He expects 25 to 30 agents will be working out of the new office when it opens later this year, and is among the firm’s technologically advanced “cloud-based” offices, incorporating an open floor plan and hoteling concept to increase the efficiency and mobility of its staff.
And while Baird & Warner’s new South Loop location will be new to many of its agents, it might look rather familiar to others. “What some may not realize, is that back in the 1980s Baird & Warner owned the very building where our new office is located, converting it from an abandoned warehouse to condos,” said Ellis. “It’s a testament to our company’s long-running commitment to the South Loop, and for some of us, the new office is sort of a homecoming, which makes the location even more special.”
# # #
About Baird & Warner Real Estate, Inc.
Established in 1855, Baird & Warner is Chicagoland's largest, locally owned independent residential real estate services company. The Baird & Warner brand has been synonymous with experience, innovation and integrity for more than 160 years. Steve Baird, the firm’s fifth-generation owner, has been consistently recognized among the industry’s most influential leaders. Baird & Warner was named the No. 1 best place to work in Chicagoland by the Chicago Tribune in 2015, the brokerage’s fourth consecutive Top Workplace award. With more than 2,000 broker associates in 28 offices and comprehensive mortgage, title and relocation services, Baird & Warner consistently ranks among the nation’s top real estate firms. For more information, visit BairdWarner.com, follow @bairdwarner on Twitter and Instagram, like the Baird & Warner Facebook page and follow the firm on LinkedIn.