Walter Murphy is managing principal of the Lee & Associates of Illinois office. He has specialized in industrial real estate tenant/landlord representation, consolidations, acquisitions, dispositions, sale/leasebacks, investment sales and new construction since 1989. Murphy’s dedication to the analysis of market trends, statistics, and global economics has resulted in the identification of numerous opportunities for many of Chicagoland’s most successful entrepreneurs, institutional clients, and publicly traded companies.

Notably in 2020, Murphy represented United Furniture Import & Export on consecutive sublease and long-term direct lease transactions for 275,898 square feet at 6755 W. 65th St. in Bedford Park, IL. This requirement was challenging because Class A infill inventory with proximity to Chicago is tight and rents have been parabolic. Murphy’s insight to achieve an aggressive rent by combining a short-term sublease with a long-term direct lease was key in successfully brokering this transaction.