After having owned Sunrise Plaza for more than 20 years, I decided it was time to sell. In deciding who to hire to handle this disposition, I wanted someone I could work with and that I felt would look after my best interests. After discussing it with several brokers, Joe Esselman of Penn Real Estate was best able to handle the unique challenges that came with this assignment.
I could not be happier with my decision to use him. He displayed integrity, ingenuity, knowledge, and expertise in stabilizing and selling the center. Joe was able to understand the different obstacles and surprises that arose and develop a strategy to overcome them.
Most importantly, in every instance and every development that arose, he kept my specific objectives in mind and crafted a solution to help me meet them. His advice and guidance were invaluable in selling Sunrise Plaza. I would highly recommend him to anyone looking for assistance with their property.
Owner Sunrise Plaza
Joe Esselman recently listed, marketed, and sold a commercial building for me and I couldn’t have been happier with the process and results. He was knowledgeable and excellent in communicating the state of the market in general as well as how it related to my property.
Once under contract, we ran into an administrative problem with the City of Chicago which was preventing the closing from occurring. He worked tirelessly with his contacts, my attorney, and other resources to solve the problem and allow us to close.
Anyone can market the property, but Joe’s value came in making sure the deal was completed. That is why I feel he was absolutely critical in my ability to sell my property and reach my objectives.
-Mike Munro, Munro Landscape
Knowing Joe Esselman’s track record of multi-family sales in the south suburbs, we started consulting with him early regarding how to maximize the value of two apartment buildings in Blue Island.
His insight regarding the nuances of the market ensured we positioned the properties for the best sale.
After several showings he negotiated an offer near the top of the market. Throughout the transaction he coordinated with the legal, financing, and inspection components to make sure we successfully got to a closing table.
His advice, knowledge, and expertise were key reasons as to why we are so happy we hired him.
Joe Esselman has been an active commercial real estate broker in our community for a number of years. He is on the board of our local business association and is a great resource for our ward.
I know from working with him directly, as well as from talking to our local business leaders, he has developed a reputation as honest, diligent, and knowledgeable about the commercial real estate market not just in our neighborhood but throughout the Chicago Southland and surrounding communities.
- Matthew J. O’Shea, Alderman 19h Ward- City of Chicago
In looking to sell an apartment building on the south side of Chicago, I chose Joe Esselman of Penn Real Estate to represent me. I was impressed by his professionalism and his understanding of the market forces at the time we decided to list the property.
Even though he secured a cash buyer for the property; the transaction still took considerable work and understanding of the sale process. Mr Esselman ensured that I understood how each development would impact my position.
I would have no problem recommending him and in fact plan to use him again when the opportunity arises.
- S. Williams- Landlord
I have had the pleasure of working with Joe Esselman first on the executive committee and now as a board member of the Chicago Southland Chamber of Commerce. He has worked hard to further our goals of bringing more business to the Southland. We are lucky to have him on the Board and relish his contributions.
-David Hinderliter, President- Chicago Southland Chamber of Commerce
When we needed to find space to relocate our business in the Beverly neighborhood, we chose to work with Joe Esselman and are pleased we did so.
He made sure we explored all options and that the building we ended up purchasing was the right fit. Due to the nature of the acquisition, it was a long process and Joe was right there with us the entire time.
-Sameh Taha and Dahlia Fahmy, Owners Sports and Ortho Physical Therapy
Recently we had the opportunity to work with Joe Esselman of Penn Real Estate.
We had dealt with numerous owners and real estate brokers who represented properties throughout the market, Mr. Esselman immediately differentiated himself from the other brokers with whom we dealt.
Mr. Esselman exhibited a solid knowledge of the current market and an understanding of how to get things done. He took the time to understand our needs and worked with his client to figure out a way to make the space work for us and his client.
His diligent yet straightforward, honest representation of his client is one of the main reasons we chose his property over the others.
He displayed a great attitude, consistency, and effective communication throughout, confronting potential obstacles and timing issues with an objective, can-do approach. From our standpoint, Mr. Esselman’s representation was a critical factor in his client leasing his vacant space.
If we are in a position to use a real estate broker in the future, he’ll be the first person we call.
-Wilson S. and Evi P.Owners- Odeion School of Music
After interviewing a dozen brokers, I chose Joe Esselman to sell my property.
In less than twelve months he was able to negotiate the sale of three parcels on Wells St with a price in excess of $18,000,000. Happily, the sale was made at a price point which was 80% higher than the appraised value in what was a very difficult market based on the number of developments in process and the unsold inventory in the downtown market.
Joe is a professional who did everything he said he would and more.
Joe actively sought out prospects using direct mail, billboards, brochures, personal contacts, and the news media, newspapers, magazines to find all the potential buyers. He diligently pursued all potential offers and presented them to me for consideration.
Joe is knowledgeable of the market and real estate marketing and his insight proved invaluable in representing my interests. He is straight forward, honest, ambitious and a pleasure to work with.
-Ed Levin, Owner Tower Oldsmobile