Bill Caton, CEO of Caton Commercial Real Estate Group, was one of several commercial real estate industry leaders to contribute to the Heartland Real Estate Business article “How Brokers’ Roles Evolved in 2020”. The COVID-19 pandemic caused hardship and uncertainty throughout the year, these brokers found ways to adapt, build and expand their businesses to meet the changing needs of the market and clients. Bill Caton, having survived the recession of 2009, made a commitment to position the company do more than just survive the pandemic by focusing on expansion. This led to biggest initiative of 2020, the strategic alliance of the Dolan & Murphy Team, which grew the team of brokers to 23 and added a third Caton office in Aurora, IL.
In addition, there were many transactional successes including the leasing of two spaces in the new development Central Park Place in downtown Naperville. Sweetwater Coffee & Tea and The Now joined the development with plans to open in 2021. The Now chose Naperville as its first location in Illinois, expanding from Santa Monica, California. Caton Commercial Partners, Christina Caton Kitchel and Steve Caton, CCIM, continue negotiations on the final retail space and the future restaurant space that includes an expansive 1,412 SF patio.
Within the commercial real estate industry there are many examples of creativity, evolution and camaraderie that stood out during these challenging times. Read the full Heartland article for more insights on top transactions, lessons learned, and outlooks for 2021