Vequity is a retail real estate investment and development company located in Chicago. Our core focus is innovation and the use of creative services, financial products, processes, and technology to fuel our clients’ growth.
Venture – each one of our retailers is our partner
Velocity – allowing for speed to the market and well-executed delivery
Volume – market focused, process centered organization built for multi-unit retailer expansion
Vertical Integration – as a means to reduce costs and improve efficiencies for our clients
Value – we strive to fully understand our client’s business to provide creative real estate solutions
To provide retailers nationwide with high-quality retail real estate development, by using innovative and cost efficient processes, allowing retailers to expand their store count and focus their efforts and resources on their core business.
Vequity offers a wide range of services to our clients including the following:
Vequity offers our clients unparalleled knowledge and experience. Our staff provides comprehensive retail services built on a platform designed to exceed the expectations of our clients, investors, and tenants. Owner or tenant. New facility or build-out. Relocation or expansion. Single or multi-site. Private or public sector. We are your retail real estate partner.
No other service provider has the comparable bench of professionals, best practices, process controls, and global experience we use to address your real estate project management needs. You gain instant access to a team selected specifically to meet your objectives; they are armed with expertise in interior build-out, move management, commercial real estate operations, occupancy planning, engineering, architecture, and construction. Our collaborative approach is run by a dedicated project manager who serves as your single point of contact and ensures accountability.
We understand that retail offerings and clients needs are constantly changing. Whatever the scope, we will work with you to set measurable goals and accomplish them together.
Vequity adds value through the opportunistic acquisition and subsequent development or redevelopment of land and buildings in high-quality urban and suburban locations. Prior to acquisition, the company identifies creative solutions that address the fundamental real estate attributes of the asset.
Driven by both in-depth local insights and a global perspective, we deliver innovative, customized investment strategies, superior execution and a high success rate.
Vequity’s construction management services support our clients by assisting contractors in delivering high-quality projects, on time and within budget. Pressure is increasingly falling on owners to deal with complex construction issues from value engineering to bidding, contractor selection to change orders. Vequity’s significant experience dealing with these issues and efficient processes ensure on-time/on-budget delivery.
Vequity’s property management professionals are superb agents for their buildings and for those who inhabit them. Our innovative and rigorous commercial asset management strategies help real estate owners reduce their operating costs and enhance property values while maintaining a superior work environment for tenants. Our expertise in tenant coordination, engineering services, security, energy management, and sustainability practices helps ensure long-term tenant satisfaction.
For more information on property management or to log in to our tenant portal please visit www.vequityrealestate.com
|Design Pointe – Naperville, IL||Caribou Coffee, Smashburger, Jersey Mikes – Arlington Heights, IL||Aspen Dental, Smashburger, Cocomero Yogurt – Bloomington, IL||Mattress Firm & MetroPCS – Calumet City, IL|
|The Fresh Market – Glen Ellyn, IL||O’Reilly Auto Parts – Chicago, IL||Subway – Chicago, IL||Tilted Kilt – Indianapolis, IN|
|Tilted Kilt – Fort Wayne, IN||Tide Dry Cleaners – Naperville, IL||Zoned DX-17 – Chicago, IL (coming soon)||Tide Dry Cleaners – Glen Ellyn, IL|
|Checkers Drive-In Restaurant (#1) – Chicago, IL (Completed)||Sleep Number by Select Comfort – Chicago, IL||Checkers Drive-In Restaurant (#2) – Chicago, IL (Completed)||4756 N Clark, Chicago IL|
|4800 N Clark, Chicago IL||Oak Brook Promenade – Oak Brook, IL||Checkers Drive-In Restaurant (#3) – Chicago, IL (Completed)||Checkers Drive-In Restaurant (#4) – Bellwood, IL (Completed)|
|Checkers Drive-In Restaurant (#5) – Chicago, IL||Checkers Drive-In Restaurant (#6) – Chicago, IL||Checkers Drive-In Restaurant – (#9) Broadview, IL (Completed)||Checkers Drive-In Restaurant (#8) – Maywood, IL (Completed)|
|Heartland Dental | Fannie May | Firehouse Subs – Lake in the Hills, IL||Starbucks & Fifth-Third ATM – Bucktown/Logan Square||1550 E Lincoln HWY – Merrillville, IN||Nando’s Peri Peri – Naperville, IL|
|Downtown Naperville Retail||Pub Royale – Wicker Park||Checkers Drive-In Restaurant (#7) – Chicago, IL||American Mattress – Wheaton, IL|
|Glazed & Infused – Lincoln Park||Estereo – Logan Square||Citibank | Park Ridge, IL||Target Outlot – Plainfield, IL|
|Target Outlot – Glendale Heights||3000 W Fullerton – Logan Square||BMO Harris Bank & Chipotle | Downers Grove||Sleep Number – Algonquin Galleria|
|T-Mobile Corporate Store – Lansing, IL||AT&T | Heartland Dental – Round Lake Beach, IL||215 S. Washington Ave., Naperville, IL||Potbelly Sandwich Works | American Mattress – Matteson, IL|
|Education||Michigan State University – BS, Urban Planning & Development|
|Real Estate Investment & Development|
Ryan is a principal and founder of Vequity LLC. Prior to Vequity, Ryan served as market leader and partner for SRS Real Estate Partners for the company’s Midwest division. From 2000- 2008 he helped fuel the growth of NAI Hiffman as partner and Managing director of the retail brokerage group. In 2008 Mr. Murphy was awarded the NAI Global Council Leadership Award for his role as Chairman. Other awards include – Real Estate Chicago’s 40 under 40 and Costar’s Power Broker. Ryan has developed over $200,000,000 in retail real estate over his 20 year career managing every aspect of the site selection and development process.
|Education||Bradley University – BA, Advertising / Communications|
|Real Estate Investment & Development|
Chris Ilekis is a Principal in Vequity’s Chicago office. Chris has concentrated in retail real estate transactions since 2003, and has extensive experience in retail real estate site selection and development services.
Utilizing knowledge and experience in all aspects of the industry including development, design, finance, construction, and legal, Chris has represented over 350 lease and sale transactions for national and local clients. Chris has expertise in representing retailers and landlords, understanding the perspectives and demands of both parties. Chris assists national retailers to achieve their growth requirements by applying his substantial knowledge in the site selection process for multi-unit expansion.
Chris specializes in developing value added retail opportunities for national retailers including new construction build-to-suit (single/ multi-tenant), infill redevelopment, and existing shopping center and building renovation. Over the past two years, Chris has developed numerous retail projects valued at approximately $40 million.
Prior to joining Vequity in 2010, Chris was a Partner in SRS Real Estate Partners Chicago office since 2008. Before SRS, Chris was in the Retail Brokerage Division of Oakbrook-based NAI Hiffman for five years.
The Western, a six-story, 44-unit building next to the CTA Blue Line Western L station at 1920 N. Western, opened over the summer along the border of Bucktown and Logan Square.
“We have many of the amenities of the larger luxury buildings throughout the city but on a smaller scale,” said The Western’s developer, Chris Ilekis with Vequity.
The building offers one- and two-bedroom units with rents starting around $1,900 and $2,900, respectively.
The intersection of Morgan Street and Fulton Market is home to The Aviary and Next (southeast corner), La Sirena Clandestina (northeast corner) and Swift & Sons and Cold Storage (northwest corner).
We’ve wondered what might appear in the vacant southwest corner of the intersection. Now we know.
Vequity along side The Village of Downers Grove Mayor. Board of Trustees, and the Village of Downers Grove Economic Development tream recently broke ground on a high profile shopping center at the corner of Main and Ogden Avenue in Downers Grove, IL.
The shopping center features three (3) retail strip centers with national tenancy.
Megamall Demolition is complete, making room for a $100 million mixed-used development located at 2500 N. Milwaukee Avenue. Check out the DNA article for more information regarding the demolition.
Vequity has a great retail/restaurant property available to lease near the 2.7 acre redevelopment. View the listing by clicking here.
Vequity’s new apartment complex located at 1920 N. Milwaukee “The Western 1920” has begun preleasing for Summer 2017 move-ins. The apartment building will be anchored by a 2,500 SF Starbucks Coffee. Check out the DNA article for more information regarding the new Bucktown/Logan Square apartment.
Vequity Construction is hiring for a project manager and a superintendent. Please reach out to firstname.lastname@example.org for more information about opportunities with Vequity.
Vequity affiliated entity sells a 5,305 SF two tenant Chipotle Mexican Grill & a BMO Harris Bank. The building was located at a signalized entrance adjacent to Starbucks and across from Jewel-Osco and Chase Bank
Vequity affiliated entity sells a 5,000 SF single tenant 7-Eleven (S&P AA Investment Grade: Stable). The subject property is located in San Antonio, the 25th largest metropolitan area in the United States.
Vequity affiliated entity sells a 4,000 SF single tenant Sleep Number (NASDAQ: SCSS) fronting Algonquin Galleria. The subject property is located at the entrance to Algonquin Commons Lifestyle Shopping Center with over 579,000 SF of upscale shopping and restaurants.
Vequity affiliated entity sells a 2,952 SF single tenant T-Mobile in Chicago suburb. The building was newly renovated by Vequity Construction.
Construction at 1920 N. Milwaukee Avenue kicked-off this week. The 7-story building with 44-luxury apartment units and +/- 6,000 SF of high profile retail shop space is just steps off the CTA Western Avenue Blue Line. The project is expected to be delivered mid-2017.
Vequity affiliated entity sells a 3,836 SF single tenant Citibank in affluent Chicago Suburb.
Chris Ilekis, a Principal at Vequity, participated in Chicago International Charter School Bucktown’s 2016 Career Fair Day on April 8th. Ilekis spoke with K-8th graders at CCIS Bucktown about what Vequity does and encouraged students to follow their dreams.
For more details check out CICS Bucktown’s Facebook page https://www.facebook.com/cicsbucktown/?fref=nf
Vequity recently visited Bradley University in Peoria, IL to recruit students for our Commercial Real Estate and Construction Management Internships. Please reach out to email@example.com if you are interested.
Vequity recently acquired the former Applebee’s restaurant located at 400 Town Center Drive in Matteson IL and plans to redevelop the property for Potbelly’s Sandwich Works and American Mattress.
Vequity affiliated entity sells a 6,000 SF Mattress Firm and MetroPCS retail center located in Calumet City, IL
Vequity affiliated entity sells a 5,000 SF retail building located in Round Lake Beach, IL
A new analysis from Yonah Freemark at the Metropolitan Planning Council shows that, in order for Chicago to keep growing and stay healthy, it needs to focus on growth near transit hubs.
Pub Royal, a new experiment in public house refinement opens Thursday in the old Small Bar building located at 2049 W Division St.
Merrillville | Vequity Stonebridge Merrillville LLC donated $5,000 towards the construction of the Schultz Memorial during a recent Town Council Meeting which the council then matched.
Vequity is the developer behind a project to bring a new Ashley Furniture near the U.S. 30 and Mississippi Street intersection.
+/- 2,500 SF 2nd Floor Office Space for lease in Downtown Naperville. Building is surrounded by National Retailers: Lululemon, Noodle’s, Starbuck’s, Jimmy John’s, Potbelly & Subway.