Oakbrook Terrace, Ill. (January 30, 2018)—To further leverage the success of its record year in 2017, Cawley Commercial Real Estate has announced the appointment of Doug Hayes, a veteran with more than three decades of commercial real estate brokerage and development experience, and extensive expertise in the area of transportation and logistics management. The appointment of Hayes as an Executive Vice President of the firm was made by the firm’s newly appointed Sales Manager, Michael P. McKiernan.
“Cawley Commercial Real Estate had an exceptional year 2017 as the firm leveraged a healthy real estate market with the ongoing growth and development of our brokerage team members,” McKiernan said. “We’re looking to extend our reach and productivity with the addition of respected and experienced professionals like Doug Hayes who adds tremendous depth to the firm.”
Hayes comes to Cawley Commercial Real Estate with more than 22 years of brokerage experience. Sandwiched in between positions at NelsonHill and Cushman & Wakefield, Hayes gained invaluable experience as a Vice President with Ridge Property Trust, an industrial development and ownership firm.
“The broad range of experience on both the brokerage and development sides of the business gives me somewhat of a unique perspective,” Hayes said. “I know what developers and owners are looking for, and that can be a tremendous asset whether representing the interests of ownership or a user in the market.”
Hayes focuses his business primarily in the city and close in markets in Cook County. A significant segment of the focus in this geographic area is the “last-mile” facility to accommodate users’ immediate fulfillment requirements.
One of the most recent projects represented by Hayes includes Pilsen Park Chicago, a 22.68-acre, approximately 400,000-square-foot park developed by Clarus Partners. Transactions completed at Pilsen Park included an approximately 250,000-square-foot lease with Preferred Freezer Services, and a 156,000-square-foot acquisition by Vega Properties. At Ridge Development, Hayes lead the team in assembling what is now the 2,500-acre Ridgeport Logistics Center. Hayes spearheaded the initial acquisition of 1,500 acres and the extensive entitlement process.
Throughout his career, Hayes has been involved in transactions and developments valued in excess of one billion dollars.
Hayes’ expertise in the area of transportation and logistics management is further strengthened by his executive level management involvement in Progressive Logistics, an Indianapolis-based firm that owns and manages more than 500,000 square feet of CSX Transportation rail-served projects focused on providing warehousing, transportation and logistics management services.
About Cawley Commercial Real Estate
Cawley Commercial Real Estate is suburban Chicago’s dominant submarket specialist in commercial real estate; specializing in leasing, sales, investment disposition/acquisition, consulting and asset/property management. Cawley Commercial Real Estate helps business and property owners understand and create value. Founded in 1998, the firm has completed transactions totaling over $1 billion.
