Case Study: CLK Properties achieves $72K in parking income with ParqEx

112 North May Chicago leverages Marketplace by ParqEx, Adds $72k in Parking Income

CLK Properties, a real estate investor and operator, purchased a Chicago commercial building and needed to generate income from its 26 vacant parking spots during renovations. They required a flexible solution that would not lock them into a long-term lease, required no on-site management, and could accommodate future construction staging. They partnered with vendor ParqEx to implement its Marketplace service.

ParqEx listed the parking spots on its Marketplace, handled all marketing, customer support, and enforcement using its Enforcer solution. This provided CLK Properties with a completely hands-off operation. The ParqEx solution was highly flexible, allowing the lot to be used for construction crews for three months with minimal disruption. As a result, ParqEx generated $72,000 in ancillary income for the client and enabled a smooth transition to new building tenants with only 30 days' notice.

CLK Properties