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Charles Canale is a Senior Vice President within Colliers Bennett & Kahnweiler’s Industrial Services Group and a member of the Colliers Multimodal Services Group. He concentrates on assisting third-party logistics firms and consumer goods companies with mission-critical distribution centers and intermodal facilities across the globe.
He also focuses on marquee projects in the Chicago market, specifically along the I-55, I-80, and I-88 Corridors, representing clients in the acquisition, disposition, and development of industrial real estate.Charles is skilled in many facets of the real estate process including property valuation, site selection analysis, entitlement and incentive procurement, and transactional negotiations. He has worked with the Illinois Office of Real Estate Research on valuation projects, and his work is often published in academic and trade journals.
Previous Employment
Charles has been involved in commercial real estate brokerage since 1990, obtaining his brokerage license in 1993. Prior to joining Colliers B&K in 1997, he was president of the leading real estate company in LaSalle County, Illinois, overseeing a staff of fifteen people.
Clients
Charles was recently selected by HSA Development to handle two of its new industrial parks: Aurora Distribution Center, a 420,000-square-foot, two-building development in Aurora, Illinois; and Park 355, a two-building development totaling over 500,000 square feet in Woodridge, Illinois.
Among his other clients are Michaels Stores, Ryan Companies, First Industrial Realty Trust, General Dynamics, Exelon, Duke Realty, TA Associates, Waste Management, DuPont, BPG Property Group, and Brunswick Corporation.
Notable Transactions
| Tenant/Buyer |
Size (SF) |
Type |
| Kmart Corporation |
1,547,000 |
Sale |
| Georgia-Pacific |
1,001,000 |
Sale |
| IAC |
951,000 |
Sale/Leaseback |
| Kimberly-Clark |
806,000 |
Lease |
| LTD Commodities |
694,000 |
Lease |
| Michaels Stores |
693,000 |
Build-to-Suit |
| Potlatch Corporation |
624,000 |
Build-to-Suit |
| Sanyo Corporation |
400,000 |
Lease |
Affiliations
University of Illinois Real Estate Forum Chicago Association of Industrial Real Estate Brokers Council of Supply Chain Management Professionals Warehouse Education and Research Council Traffic Club of Chicago
Interests
Charles is an avid Harley-Davidson rider, vintage auto enthusiast, competitive pistol shooter, and club racing driver.
Areas of Specialization
Corporate/Retail Logistics, Build-to-Suit and Tenant Representation
Education
Charles holds an undergraduate degree in Finance and an MBA from the University of Illinois. His studies focused on real estate, finance, accounting, and urban planning.
Achievements
Awards and Honors
Chicago Chapter NAIOP (National Association of Industrial and Office Properties) – Awards for Excellence:
Industrial Transaction of the Year - Winner (2004), Finalist (2003, 2006, 2008) Industrial Development of the Year - Winner (2004), Finalist (2003, 2006) Industrial Build-to-Suit of the Year – Winner (2004) Industrial Investment Transaction of the Year – Finalist (2004, 2008)
Chicago Chapter of the Society of Office and Industrial Realtors (SIOR):
Greater Chicago Commercial Real Estate Awards:
Development of the Year – Finalist (2005) Build-to-Suit Project of the Year – Winner (2004), Finalist (2003) Industrial Broker of the Year - Finalist (2003)
Career Highlights
In 2003 and 2006, CoStar Group named Charles a "PowerBroker” recognizing him as one of Chicago's top 25 leasing brokers. His transactions were also named “Chicago's Featured Industrial Leases” in both 2003 and 2006. Additionally, in 2003 Charles completed one of the largest industrial real estate transactions in North America, the sale of a 1,546,872-square-foot ultra-modern distribution center in Manteno, Illinois to Kmart Corporation.
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