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David Prell

First Vice President

David Prell

First Vice President
+1 847 5850722
+1 773 4059093

Oak Brook

700 Commerce Dr
Suite 450
Oak Brook, IL 60523
630-573-7000

Professional Experience


David Prell is a devoted advocate for clients across a diverse array of industries. His practice is bifurcated between occupiers and investors of industrial and office real estate.  With expertise on each end of the spectrum, David has a clear understanding of success for both parties. His strong desire to understand the business of the client he is representing enables him to achieve results that consistently outperform the market.  In all cases, David has one mission:  Produce the best outcome for his client.  Frequently, producing the best outcome means leveraging experts in the allied fields, i.e. capital markets, structured finance, project management, etc., in order to develop a comprehensive solution to a problem.  When representing an occupier, space is commoditized.  When representing an investor, unique property attributes are showcased to command premium pricing.  
 
In addition, David works closely with his clients’ legal team to build flexibility into transactions, while also mitigating the client’s risk profile.  With a recent average of 397 lease changes (from the initial draft to final terms) in favor of his clients, no clause is overlooked.  These measurable results are a significant differentiator compared with competition who ignore the details.
 
Beyond a successful transaction, which is a minimum standard, David realizes anticipation is a key component of the relationship.  Markets are inherently fluid and, as such, demand constant interpretation to anticipate changes.  True, leases often govern occupancy, but David’s unique understanding of the relationships between occupiers, investors, suppliers, and markets can allow his clients to pivot midstream, thus exploiting the real competitive advantage of David’s team.  Finally, savvy professionals must continually educate themselves, which is why David embraces being a student of the industry.


Professional Affiliations / Accreditations

  • National Association of Industrial and Office Properties (NAIOP)
  • Chairman, Developing Leaders (2010)
  • Co-Chair, Developing Leaders (2009)
  • Membership Chairman (2008)
  • Board Member (2008 – 2011)
  • Winner – 2011 NAIOP Industrial Transaction of the Year, Follett, Aurora, IL 551,000 SF
  • Winner – 2009 NAIOP Industrial Build-to-Suit of the Year, FHP, Aurora, IL 525,000 SF
  • CoStar Power Broker
  • Association of Industrial Real Estate Brokers (AIRE), Member (2008 – present)
  • AIRE Bus  Tour Committee (2009)
  • AIRE Golf Committee (2009)
  • Chicago Cares Organization volunteer (2007 – present)
  • Imerman Angels One-on-One Cancer Support volunteer (2009-present)
  • Chicago Marathon volunteer (2009-present)
  • Kandy Kane Ball volunteer (2011 – present)
  • CBRE Build Day, New Orleans, Louisiana (2010) 


Education


  • Mr. Prell attended Southern Illinois University , Carbondale and earned a B.S. in Business.
  • Completed CBRE University, May 2008.

Partial Transaction List

  • DCT Industrial; 1,000,000 SF (multiple transactions)
  • Scotts; 591,000 SF (Bolingbrook, IL)
  • Follett HEG; 551,000 SF (Aurora, IL)
  • IDI; 525,000 SF (Aurora, IL)
  • Pier 1; 513,000 SF (St. Charles, IL)
  • RTC Industries; 500,000 SF (Romeoville, IL)
  • Cobalt Capital REIT; 460,000 SF (multiple transactions)
  • James Campbell Company; 400,000 SF (multiple transactions)
  • Sims Recycling; 400,000 SF (West Chicago, IL)
  • Chep USA; 320,000 SF (Aurora, IL)
  • HH Gregg; 250,000 SF (Aurora, IL)
  • JVC; 220,000 SF (Aurora, IL)
  • WinCup; 167,000 SF (Atlanta, GA)
  • LG Electronics; 160,000 SF (Bolingbrook, IL)
  • Batory Foods; 150,000 SF (West Chicago, IL)
  • Exel Logistics; 150,000 SF  (Bolingbrook, IL)
  • Tele-Fonika Cable; 143,000 SF(multiple transactions)
  • In the Swim; 126,000 SF (West Chicago, IL)
  • Walgreens; 113,000 SF (Bolingbrook, IL)
  • Chicago Exhibit; 87,000 SF (Bolingbrook, IL)
  • ProEx; 70,000 SF (Batavia, IL)
  • Perftech; 50,000 SF (North Aurora, IL)
  • Sims Recycling Solutions; 40,000 SF (West Chicago, IL) 



David Prell

First Vice President
+1 847 5850722
+1 773 4059093

Oak Brook

700 Commerce Dr
Suite 450
Oak Brook, IL 60523
630-573-7000

Available Properties