Spectrum Real Estate Properties
Leasing Non-residential Real EstateIllinois, United States2-10 Employees
Spectrum Real Estate Properties, based in Orleans, Illinois, operates in leasing non-residential real estate with a focus on office space in Chicago's River North and related loft redevelopment. Through its construction affiliate Merger Industries, the principals have acquired, developed, and rehabilitated properties across River North and the broader Chicagoland area, contributing to more than 1.2 million square feet of Chicago development. Their approach emphasizes hands-on ownership and location and construction quality within a seven-building River North office portfolio. The current portfolio totals about 800,000 square feet across seven River North office buildings, underscoring a long-running involvement in office and loft projects since the 1980s. In the late 1990s, Spectrum completed Union Square, a three-phase residential condominium project in River North that included adding a four-story expansion to a historic warehouse. The principals are Jerry Lasky and Murray Peretz, and the company operates with a small team.