Old Dog Learns New Tricks

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Veteran Commercial Real Estate Professional Randy Podolsky Negotiates Two Retail Leases

Big Ed’s BBQ, Kreks Wine & Spirits Getting New Locations

Disproving the old adage “you can’t teach an old dog new tricks”, Randy D. Podolsky, a veteran commercial real estate professional with almost four decades of industrial, office and investment transaction experience, has completed two critical retail transactions.

Big Ed’s BBQ, voted best BBQ in Chicagoland by sports radio station 670 The Score, will relocate from its current location at 30 N Genesee St in Downtown Waukegan to the 3,000 square foot building at 4030 Northpoint Blvd, Waukegan, formerly occupied by Pizza Hut. The free-standing building is in the heart of Fountain Square, a mixed use complex of national restaurant chains, banks, a fitness center, hotel and apartments. Located about a mile east of the Tri-State Tollway (I-94), the location is also close to the Abbott Labs campus.

In the second transaction, Podolsky negotiated a 2,500 square foot lease for Kreks Wine & Spirits LLC to open a convenience and liquor store in the former 7-11 building at 2435 Washington Street in Waukegan. Located on about an acre lot, the building is free-standing and adjacent to a hospital.

Appropriately, there has been mixed reaction from the commercial real estate industry:

  • An anonymous representative of the International Council of Shopping Centers (ICSC) in New York was said to be preparing introductory membership papers for Podolsky, welcoming him into the retail industry’s premiere organization. The representative would neither confirm nor deny rumors that the decades-old association planned to ask Podolsky to open the annual conference in Las Vegas in 2014.
  • A board member of a prestigious industrial association was seen shrugging his shoulder and muttering as he made the comment and posed the question, “the markets were improving; why did he have to turn to the dark side at this stage of his career?”
  • Publishers from a variety of national retail publications were giddily adding Podolsky, and every member of his firm, to their subscription lists in an effort to bolster circulation and increase advertising rates.

Above and beyond serving the needs of clients regardless the journey – long a hallmark of the hands-on, personal service firm – Podolsky had great personal motivation in these transactions. An avid boater, 22-year member of the U.S. Coast Guard Auxiliary based in Waukegan, and appointed Board member of the Waukegan Port District, he said, “The personal convenience of these retail establishments will make it easier to serve great food and libation for those enjoying an afternoon on the water when boating from fabulous Waukegan Harbor, something that is near and dear to me!”

According to Eddie Nero, aka Big Ed, owner and operator of the establishments, “Property types are no match to personal service and loyalty to the customer. We truly appreciated Randy’s commitment to our success.”

Want great tasting BBQ? Visit Big Ed’s today!