Two long-standing Chicagoland commercial real estate firms have created a real estate strategic alliance to meet the growing needs of commercial real estate occupiers, landlords and investors. Daniel T. Dolan, President of Dolan & Murphy, Inc. and Bill Caton, CEO of Caton Commercial Real Estate Group, announced that the two family-founded companies will leverage their depth of industry knowledge, brokerage expertise, and client relationships as a collaborative team. They will operate and continue to grow market presence under the Caton Commercial company umbrella. Read more about this real estate strategic alliance.
The move will afford the combined teams of 23 real estate professionals the ability to leverage the specialties of each firm and maximize their multiple affiliations and resources to support client goals on local, state, national, and international levels. Daniel T. Dolan, Brian K. Dolan, Ryan J. Dolan, Daniel J. Dolan, and JD Dolan will join Caton’s 17 top commercial real estate brokers as the Dolan and Murphy Team. “This effort has taken shape over the past 12 months and the result combines our team’s 180 years of collective experience with that of Caton’s,” according to Brian K. Dolan. Cheryl Kessler, Administrative Director, and Kayla Steiner Graw, Administrative Assistant, will continue to support the efforts of the Dolan and Murphy Team.
Both teams have extensive experience in the Chicago suburban market, specializing in the retail, multi-family, office, land, and industrial sectors, with an extensive focus throughout the west suburban marketplace. In addition, Caton Commercial expanded to downtown Chicago in 2018 with its co-living project Quarters.
The Dolan-Murphy/Caton alliance supports several long-term initiatives: creating a comprehensive Industrial Services Division to assist landlords, tenants, and investors; expanding the depth of services to retail businesses as they reposition in today’s evolving retail and e-commerce environment; and expanding Caton’s existing Property Management Services division. “The significant expansion in e-commerce, logistics, and manufacturing creates a need for strategic commercial real estate partners to help businesses navigate this fast-paced environment,” says Brian K. Dolan. “By leveraging our collective industrial knowledge and depth of relationships in this important sector, we are well positioned to deliver strong results for clients and continue to grow our market share.”
Located in Aurora, Dolan & Murphy entered a milestone of 55 years in business in 2020. Founded by Daniel D. Dolan, who passed away earlier this year, the company has been a leader in the western suburban commercial real estate sector, with specialization in a variety of industrial, land, and investment sale transactions.
Caton Commercial is based in Naperville, with a satellite office in Chicago’s west-loop. Since 1982, the firm has served the western and southwestern suburban real estate market. Caton’s team of top CRE industry leaders is known for its in-depth market knowledge and being “trusted advisors” in guiding their clients through all stages of the commercial real estate process, whether it be retail, developer representation and land sales, mixed use and multi-family densification, suburban office, investment sales transactions, or international client representation.
“We are extremely excited about the addition of the Dolan and Murphy Team to the Caton family of companies. We share similar business cultures and values, and we see this as a natural extension to our business and growth strategy,” shared Bill Caton, CEO of Caton Commercial Real Estate Group.
Looking toward 2021, Caton Commercial with the Dolan and Murphy Team expects to see continued business in the Chicagoland market overall and particularly in the west suburban marketplace. “By extending our footprint farther into the Fox Valley Corridor with this new alliance, we are well positioned to support the needs of growing businesses as they contemplate how real estate-related decisions can support their long-term goals,” says Caton. “We are in a unique position to help retail and industrial businesses as they each navigate the nuances of e-commerce expansion and the need to continually rethink the retail experience.”