Company News 50b4f61de4b0699441ebf315:51754a18e4b0280270e59fdd:599aeb48f9a61eee6b3e883e http://feedproxy.google.com/~r/NaiHiffmanBlog/~3/Z_j1Ccrr-XY/21 Awards & Honors NAI Hiffman Wins American Inhouse Design Award From Graphic Design USA <img class="thumb-image" alt="aria.jpg" data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/599aec191e5b6cc138dff02b/1503432753485/aria.jpg" data-image-dimensions="845x612" data-image-focal-point="0.5,0.5" data-load="false" data-image-id="599aec191e5b6cc138dff02b" data-type="image" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/599aec191e5b6cc138dff02b/1503432753485/aria.jpg?format=1000w" /> <p>We are proud to announce that our in-house marketing department has been named a winner of GDUSA’s American Inhouse Design Awards! Every year, <a target="_blank" href="http://gdusa.com/">Graphic Design USA</a> publication recognizes a select number of creatives from in-house departments at corporations, non-profits, associations, media + publishing, and universities. This year, we were part of 15% chosen out of 5,000+ entries.&nbsp;</p><p>This showcase reflects the increasingly expansive ways in which graphic design shapes business and society, products and services, commerce and culture. Winning projects run the gamut from traditional print and packaging to non-traditional internet and interactive, from large creative departments to independent design studios and freelancers, from established stars to rising newcomers, across the country.</p><p>We have been recognized specifically in the Brochures + Collateral category for the marketing materials created for Aria Park Innovation Center, one of the many projects that showcases our creativity in rebranding a property. Congrats to our team for their work creating compelling, creative and innovative materials on behalf of the buildings we represent!</p><p><a target="_blank" href="http://contests.gdusa.com/competitions/2017-american-inhouse-design-awards">Click here to see the full list of winners.</a></p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?a=Z_j1Ccrr-XY:MaIDYf0bPWU:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?d=yIl2AUoC8zA" border="0"></img></a> </div> Mon, 21 Aug 2017 14:16:35 Z NAI Hiffman NAI Hiffman Wins American Inhouse Design Award From Graphic Design USA http://www.hiffmanblog.com/blog/2017/8/21 2017-08-21 14:16 +00:00 2017-08-21 09:16 -05:00 50b4f61de4b0699441ebf315:51754a18e4b0280270e59fdd:5995a412e6f2e1633ad65271 http://feedproxy.google.com/~r/NaiHiffmanBlog/~3/eLh_DKHvCwg/17 Press Release NAI Hiffman’s Higa and Burrows represent Griffith LLC in office building sale <img class="thumb-image" data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5995a73c2994ca4285200b16/1502979938417/" data-image-dimensions="2500x1250" data-image-focal-point="0.5,0.5" data-load="false" data-image-id="5995a73c2994ca4285200b16" data-type="image" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5995a73c2994ca4285200b16/1502979938417/?format=1000w" /> <p>GRIFFITH, IN (August 17, 2017) -- NAI Hiffman is proud to announce the completion of a building sale on behalf of its client, Griffith LLC. &nbsp;&nbsp;</p><p>A San Marcos, California-based LLC purchased the 25,017 square-foot, single-story office building located at 211 West Ridge Road in Griffith, Indiana, from Griffith LLC in a 1031 exchange and investment transaction. Constructed in 2008, the single-tenant net-leased building is occupied by Chicago-based Valdes Engineering.&nbsp;</p><p>Perry Higa, executive vice president with NAI Hiffman’s Office Services Group, represented Valdes Engineering in the build-to-suit transaction with the developer, Four Columns LTD. Higa, along with Art Burrows, senior vice president with NAI Hiffman’s Investment Services Group, then represented the seller.</p><p>Featured in <a target="_blank" href="https://www.bisnow.com/chicago/news/deal-sheet/this-weeks-chicago-deal-sheet-78058">Bisnow</a></p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?a=eLh_DKHvCwg:O3EkcWNtxvo:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?d=yIl2AUoC8zA" border="0"></img></a> </div> Thu, 17 Aug 2017 14:26:07 Z NAI Hiffman NAI Hiffman’s Higa and Burrows represent Griffith LLC in office building sale http://www.hiffmanblog.com/blog/2017/8/17 2017-08-17 14:26 +00:00 2017-08-17 09:26 -05:00 50b4f61de4b0699441ebf315:51754a18e4b0280270e59fdd:5992fe207131a54716588983 http://feedproxy.google.com/~r/NaiHiffmanBlog/~3/-RnD5NrXlrQ/15-1 Press Release NAI Hiffman represents Old Second National Bank in building sale <img class="thumb-image" data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5992fe62a5790acfd0599acb/1502805623299/" data-image-dimensions="2500x1667" data-image-focal-point="0.5,0.5" data-load="false" data-image-id="5992fe62a5790acfd0599acb" data-type="image" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5992fe62a5790acfd0599acb/1502805623299/?format=1000w" /> <p>OSWEGO, IL (August 15, 2017) – NAI Hiffman is pleased to announce the recent sale of 1008 Douglas Road in Oswego, Illinois.</p><p>Board of Education of Community Unit School District No. 308 purchased the 4,800-square-foot property from Old Second National Bank in an effort to expand its local services.</p><p>NAI Hiffman Vice President, Adam Johnson, represented the Old Second National Bank, in the sale; Club Group LLC's Karl Kalas represented the Board of Education of Community Unit School District No. 308 in the acquisition.</p><p>Featured in <a target="_blank" href="http://www.dailyherald.com/business/20170815/old-second-national-sells-oswego-site-to-school-district">Daily Herald</a>; <a target="_blank" href="https://www.bisnow.com/chicago/news/deal-sheet/this-weeks-chicago-deal-sheet-77803">Bisnow</a>; <a target="_blank" href="http://rejournals.com/Articles/2017/08/21/NAI-Hiffman-representes-Old-Seco">REjournals</a></p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?a=-RnD5NrXlrQ:oh5ihtLHXf8:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?d=yIl2AUoC8zA" border="0"></img></a> </div> Tue, 15 Aug 2017 14:00:50 Z NAI Hiffman NAI Hiffman represents Old Second National Bank in building sale http://www.hiffmanblog.com/blog/2017/8/15-1 2017-08-15 14:00 +00:00 2017-08-15 09:00 -05:00 50b4f61de4b0699441ebf315:51754a18e4b0280270e59fdd:5992fd2fbe42d61afe113e96 http://feedproxy.google.com/~r/NaiHiffmanBlog/~3/kds_B70s5HE/15 Press Release NAI Hiffman represents furniture distributor in new Chicago lease <p>CHICAGO, IL (August 15, 2017) – NAI Hiffman is proud to announce that G Furniture, Inc. has signed a new lease at 5420 W Roosevelt Road in Chicago.</p><p>NAI Hiffman Executive Vice President, Joe Bronson, SIOR and Associate, Alex Sutterer, represented G Furniture, Inc., a regional furniture distributor of Beverly Furniture.</p><p>Established in 2005 in City of Industry, CA, Beverly Furniture is one of the largest furniture wholesalers in Southern California, with five locations in the U.S. including this Chicago distribution center. The company relocated to its 35,550-square-foot location to improve its access to Chicago and leverage the proximity to I-290.</p><p>Featured in <a target="_blank" href="http://rejournals.com/Articles/2017/08/21/NAI-Hiffman-represents-G-Furnitu">REjournals</a></p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?a=kds_B70s5HE:YHU1TmmWJTM:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?d=yIl2AUoC8zA" border="0"></img></a> </div> Tue, 15 Aug 2017 13:58:47 Z NAI Hiffman http://www.hiffmanblog.com/blog/2017/8/15 2017-08-15 13:58 +00:00 2017-08-15 08:58 -05:00 50b4f61de4b0699441ebf315:51754a18e4b0280270e59fdd:598c8b854c0dbf4ef53dd131 http://feedproxy.google.com/~r/NaiHiffmanBlog/~3/xdqasbweQD4/10 Industrial REmark REmark: Spread Between Vacant & Available Space in Chicago's Industrial Market &nbsp;<p>In our latest REmark, we examined the gap between the vacancy and availability rate for each submarket in Chicago. “Vacant space” is unoccupied, while “available space” reflects speculative construction underway, including anticipated inventory due to departing tenants. If this gap is increasing, then supply is outpacing demand. If the rate is decreasing, then demand is outpacing supply.</p><p>We surveyed each Chicago industrial submarket from 2012 to today. During that time period, the average spread was 2.9%, representing the 5-year equilibrium between vacant and available space.</p><p>Leasing activity picked up dramatically at the end of 2012, which caused the spread to drop significantly. As overall vacancy continued to drop, developers recognized a need for new space and construction activity began to increase in 2014 and 2015.</p> <img class="thumb-image" alt="REmark-Industrial-081017-main.jpg" data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/598c8bd837c5811742924519/1502383506973/REmark-Industrial-081017-main.jpg" data-image-dimensions="1173x1518" data-image-focal-point="0.5,0.5" data-load="false" data-image-id="598c8bd837c5811742924519" data-type="image" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/598c8bd837c5811742924519/1502383506973/REmark-Industrial-081017-main.jpg?format=1000w" /> <hr /><p>Below,&nbsp;we take a closer look at the performance of the 5 submarkets that have received the most post-recession new construction.</p> <img class="thumb-image" alt="Southeast Wisconsin – Demand began to outpace supply in mid-2012 and developers realized the need for new construction. Deliveries picked up in 2015-2016 and, since the drastic drop, the spread has hovered near the market average for the past 18 months." data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/598cd15f03596eaa1065d589/1502401154715/" data-image-dimensions="2500x2500" data-image-focal-point="0.5,0.5" data-load="false" data-image-id="598cd15f03596eaa1065d589" data-type="image" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/598cd15f03596eaa1065d589/1502401154715/?format=1000w" /> <p><strong>Southeast Wisconsin</strong> – Demand began to outpace supply in mid-2012 and developers realized the need for new construction. Deliveries picked up in 2015-2016 and, since the drastic drop, the spread has hovered near the market average for the past 18 months.</p> <img class="thumb-image" alt="I-55 Corridor – Of the 5 submarkets listed, the I-55 corridor recorded the highest spread in 2012, but has gradually dropped and continued to hover around the market average since 2014." data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/598cd193cf81e025b9e22477/1502401205059/" data-image-dimensions="2500x2500" data-image-focal-point="0.5,0.5" data-load="false" data-image-id="598cd193cf81e025b9e22477" data-type="image" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/598cd193cf81e025b9e22477/1502401205059/?format=1000w" /> <p><strong>I-55 Corridor </strong>– Of the 5 submarkets listed, the I-55 corridor recorded the highest spread in 2012, but has gradually dropped and continued to hover around the market average since 2014.</p> <img class="thumb-image" alt="O'Hare - The O’Hare submarket spread has remained above the market average since the beginning of 2012. Even with strong leasing activity, the amount of functionally obsolete space in the submarket keeps the availability rate high." data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/598cd1b7db29d6de930fdd77/1502401213914/" data-image-dimensions="2500x2500" data-image-focal-point="0.5,0.5" data-load="false" data-image-id="598cd1b7db29d6de930fdd77" data-type="image" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/598cd1b7db29d6de930fdd77/1502401213914/?format=1000w" /> <p><strong>O'Hare </strong>- The O’Hare submarket spread has remained above the market average since the beginning of 2012. Even with strong leasing activity, the amount of functionally obsolete space in the submarket keeps the availability rate high.</p> <img class="thumb-image" alt="I-80/Joliet Corridor – Construction deliveries picked up in the I-80/Joliet corridor at the beginning of 2015 and, since then, the demand has drastically outpaced supply with strong leasing activity for the past 6 quarters. " data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/598cd185d2b8579179e96528/1502400908422/" data-image-dimensions="2500x2500" data-image-focal-point="0.5,0.5" data-load="false" data-image-id="598cd185d2b8579179e96528" data-type="image" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/598cd185d2b8579179e96528/1502400908422/?format=1000w" /> <p><strong>I-80/Joliet Corridor</strong> – Construction deliveries picked up in the I-80/Joliet corridor at the beginning of 2015 and, since then, the demand has drastically outpaced supply with strong leasing activity for the past 6 quarters.&nbsp;</p> <img class="thumb-image" alt="I-88 Corridor - Historically the I-88 Corridor has remained below the market average, but with new construction deliveries in 2016 it peaked above the market average as it took a couple of quarters for leasing activity to catch up. With no new deliveries in 2017, the spread is now trending downwards again." data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/598cd1a615d5db9fd428418c/1502401209149/" data-image-dimensions="2500x2500" data-image-focal-point="0.5,0.5" data-load="false" data-image-id="598cd1a615d5db9fd428418c" data-type="image" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/598cd1a615d5db9fd428418c/1502401209149/?format=1000w" /> <p><strong>I-88 Corridor</strong> - Historically the I-88 Corridor has remained below the market average, but with new construction deliveries in 2016 it peaked above the market average as it took a couple of quarters for leasing activity to catch up. With no new deliveries in 2017, the spread is now trending downwards again.</p> <hr /><h3>To learn more, contact:</h3><p><strong>Amanda Ortiz</strong><br />Director of Research<br />630 693 0645<br /><a href="mailto:aortiz@hiffman.com">aortiz@hiffman.com</a></p><p><strong>Michael Flynn</strong><br />Chief Operating Officer<br />630 690 0600<br /><a href="mailto:mflynn@hiffman.com">mflynn@hiffman.com</a><br /> </p>&nbsp;<div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?a=xdqasbweQD4:EUWgnQaWV4A:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?d=yIl2AUoC8zA" border="0"></img></a> </div> Fri, 11 Aug 2017 19:15:22 Z NAI Hiffman REmark: Spread Between Vacant & Available Space in Chicago's Industrial Market http://www.hiffmanblog.com/blog/2017/8/10 2017-08-11 19:15 +00:00 2017-08-11 14:15 -05:00 50b4f61de4b0699441ebf315:51754a18e4b0280270e59fdd:598323b92994ca751a29e3d0 http://feedproxy.google.com/~r/NaiHiffmanBlog/~3/qsNxiZ1F6Tw/3 Press Release New Hires & Promotions NAI Hiffman promotes John Whitehead to Executive Vice President <img class="thumb-image" alt="John Whitehead" data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/598323edd2b857863ef3b34d/1502123315440/whitehead_john.jpg" data-image-dimensions="1680x2240" data-image-focal-point="0.5,0.5" data-load="false" data-image-id="598323edd2b857863ef3b34d" data-type="image" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/598323edd2b857863ef3b34d/1502123315440/whitehead_john.jpg?format=1000w" /> <p>John Whitehead</p> <p>OAKBROOK TERRACE, IL (August 3, 2017) – NAI Hiffman is pleased to announce the promotion of John Whitehead from Senior Vice President to Executive Vice President; he has also been named as the newest shareholder for the firm. John joined NAI Hiffman’s Industrial Services group in 2005.</p><p>“We are pleased to honor John’s hard work and success with a promotion to Executive Vice President and shareholder status,” said Michael Flynn, COO of NAI Hiffman. “His energy and passion are evident every day, both to the firm and his clients.”</p><p>John represents property owners, tenants and buyers in the greater Chicagoland area, helping to create real estate solutions and supporting business strategies. His primary areas of focus include west and southwest suburban industrial markets. In his career, John has completed more than 130 transactions, totaling more than 5 million square feet and nearly $150 million in value.</p><p>Companies that John has represented in sale and lease transactions include ML Realty, DCT, Silgan, COM2 Recycling Solutions, and Cadence Premier Logistics, among others. Recent success highlights include Heritage Crossing, a 228- acre business park in Lockport, where John completed more than 1,170,000 square feet in transactions in 2016, leading the developer to build an additional 845,000 square feet of new product, which is scheduled to come online Q3 2017.</p><p>John gained exposure to the field of real estate working as an Associate in the industrial real estate division for The Staubach Company for three years, prior to joining NAI Hiffman.</p><p>John is a graduate of Regis University and is a member of the Association of Industrial Real Estate Brokers (AIRE).</p><hr /><p>Featured in <a target="_blank" href="http://www.rejournals.com/Articles/2017/08/03/NAI-Hiffman-promotes-John-Whiteh">REjournals</a>; <a target="_blank" href="http://www.dailyherald.com/business/20170803/nai-hiffman-promotes-whitehead-to-executive-vice-president">DailyHerald</a>; <a target="_blank" href="https://www.bisnow.com/chicago/news/deal-sheet/this-weeks-chicago-deal-sheet-77500">Bisnow</a></p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?a=qsNxiZ1F6Tw:NJX3fMQERB0:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?d=yIl2AUoC8zA" border="0"></img></a> </div> Thu, 03 Aug 2017 13:25:28 Z NAI Hiffman NAI Hiffman promotes John Whitehead to Executive Vice President http://www.hiffmanblog.com/blog/2017/8/3 2017-08-03 13:25 +00:00 2017-08-03 08:25 -05:00 50b4f61de4b0699441ebf315:51754a18e4b0280270e59fdd:596e23b1db29d6567ab2e7ff http://feedproxy.google.com/~r/NaiHiffmanBlog/~3/UWgk7zMDvWw/18 Press Release NAI Hiffman’s Disser, Freitag represent Reliable Mobile Service in building sale <p>ADDISON, IL (July 18, 2017) NAI Hiffman is pleased to announce the recent sale of 1698 Cortland Court in Addison, Illinois.</p><p>Dickinson Fleet Service (DFS) purchased the 7,000-square-foot property from a private business/real estate owner as part of its acquisition of the Reliable Mobile Service (RMS) operating company.</p><p>The real estate asset is strategic for the ongoing business and continued operations of DFS.&nbsp; Prior to discussions between RMS’ ownership and DFS, the NAI Hiffman team of Kelly Disser and Mike Freitag had been hired to market the sale of the real estate and had generated significant interest from a variety of third-party prospects.</p><p>With the potential for the sale of the business and real estate to DFS, it was clear that leveraging the interest by these other parties would drive value for the asset. Numerous offers had been received which created an opportunity for RMS to better identify the value of the real estate being sold as part of a larger sale.&nbsp;</p><p>“This outcome is a great success for our organization and the role that NAI Hiffman played in adding value to the disposition strategy is commendable,” said RMS owner, Walt Kobs.&nbsp;</p><p>Dickinson Fleet Service will continue to the operate the facility and benefit from the unique factors that 1698 Cortland possesses, including: approved repair-related use, a large land site, tripe catch basins under roof, and immediate proximity to I-355.</p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?a=UWgk7zMDvWw:ZLJ6uXjyULk:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?d=yIl2AUoC8zA" border="0"></img></a> </div> Tue, 18 Jul 2017 15:06:10 Z NAI Hiffman http://www.hiffmanblog.com/blog/2017/7/18 2017-07-18 15:06 +00:00 2017-07-18 10:06 -05:00 50b4f61de4b0699441ebf315:51754a18e4b0280270e59fdd:596d0b2cd2b8575f4b42aa25 http://feedproxy.google.com/~r/NaiHiffmanBlog/~3/3shN3rhknTo/2q17-mkt-reports Research Market Reports Industrial Office Second Quarter 2017 Market Reviews <p>We are pleased to present our second quarter 2017 market review for the Chicago suburban office and industrial markets. The brief overview provides a look at second quarter activity and statistics.</p>&nbsp; <a href="http://www.hiffmanblog.com/s/NAI-Hiffman-Office-Market-Review-2Q-2017_2-pg-nlt3.pdf" target="_blank"> <img class="thumb-image" alt="View Suburban Office Market Review" data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/596d0b87be6594a4f229a418/1500318958758/" data-image-dimensions="1700x2200" data-image-focal-point="0.5,0.5" data-load="false" data-image-id="596d0b87be6594a4f229a418" data-type="image" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/596d0b87be6594a4f229a418/1500318958758/?format=1000w" /> </a> <p><a target="_blank" href="http://www.hiffmanblog.com/s/NAI-Hiffman-Office-Market-Review-2Q-2017_2-pg-f72f.pdf">View Suburban Office Market Review</a></p> <a href="http://www.hiffmanblog.com/s/NAI-Hiffman-Industrial-Market-Review-2Q-2017_2-pg.pdf" target="_blank"> <img class="thumb-image" alt="View Industrial Market Review" data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/596d0b98e58c62ed965cfd26/1500318632933/" data-image-dimensions="1700x2200" data-image-focal-point="0.5,0.5" data-load="false" data-image-id="596d0b98e58c62ed965cfd26" data-type="image" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/596d0b98e58c62ed965cfd26/1500318632933/?format=1000w" /> </a> <p><a target="_blank" href="http://www.hiffmanblog.com/s/NAI-Hiffman-Industrial-Market-Review-2Q-2017_2-pg-rcg3.pdf">View Industrial Market Review</a></p> &nbsp;<h3 class="text-align-center">For additional information, contact:</h3><p class="text-align-center"><strong>Amanda Ortiz</strong><br />Director of Research<br /><a target="_blank" href="mailto:aortiz@hiffman.com">aortiz@hiffman.com</a><br />630-693-0645</p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?a=3shN3rhknTo:2j3d3y-aUZ8:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?d=yIl2AUoC8zA" border="0"></img></a> </div> Mon, 17 Jul 2017 19:00:00 Z NAI Hiffman Second Quarter 2017 Market Reviews http://www.hiffmanblog.com/blog/2q17-mkt-reports 2017-07-17 19:00 +00:00 2017-07-17 14:00 -05:00 50b4f61de4b0699441ebf315:51754a18e4b0280270e59fdd:5967e1141e5b6ca8a8961210 http://feedproxy.google.com/~r/NaiHiffmanBlog/~3/_YgXPl0EzwE/13 REmark Office REmark: Chicago Suburban Market Class A Office Rent Growth (by city) <p>Over the past year, the Chicago suburban office market has seen significant rental rate growth. We took a deeper dive into the increase of gross asking rents for premier class A properties and found that in a subset of 71 properties, 60.56%&nbsp;saw positive growth, 30.99% saw no change and 8.45% experienced rent decreases. Properties that saw rent growth experienced an average 3.68% increase. In the infographic below, we break the subset down by city with properties in Chicago (O’Hare), Itasca, Rosemont and Evanston leading the way.&nbsp;</p> <img class="thumb-image" data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5967e17ed1758ea73aff98aa/1499980860954/" data-image-dimensions="2500x3235" data-image-focal-point="0.5,0.5" data-load="false" data-image-id="5967e17ed1758ea73aff98aa" data-type="image" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5967e17ed1758ea73aff98aa/1499980860954/?format=1000w" /> <a href="mailto:aortiz@hiffman.com;mflynn@hiffman.com" class="sqs-block-button-element--medium sqs-block-button-element" >Learn More</a><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?a=_YgXPl0EzwE:2pxDpKGSqgk:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?d=yIl2AUoC8zA" border="0"></img></a> </div> Thu, 13 Jul 2017 21:21:09 Z NAI Hiffman REmark: Chicago Suburban Market Class A Office Rent Growth (by city) http://www.hiffmanblog.com/blog/2017/7/13 2017-07-13 21:21 +00:00 2017-07-13 16:21 -05:00 50b4f61de4b0699441ebf315:51754a18e4b0280270e59fdd:595ea0a45016e1f4ba322dde http://feedproxy.google.com/~r/NaiHiffmanBlog/~3/wny6m_XdNXY/6 Research Market Peek Second Quarter 2017 Market Peek <html><head><title>Second Quarter 2017 Market Peek</title></head><head > <link rel="stylesheet" href="https://fonts.googleapis.com/css?family=Playfair+Display:400,700|Source+Sans+Pro:400,600" type="text/css"> <title>2Q 2017 Market Peek | NAI Hiffman</title> </head><body ><center><table bgcolor="#ffffff" width="595" id="VWPLINK"><tr><td width="100%">Having trouble viewing this email? <a href="http://campaign.r20.constantcontact.com/render?m=1110957924043&amp;ca=b19061c8-b4a2-4e6e-b16c-cd3bb6d85ba4" track="off">Click here </a></td></tr></table></center> <table border="0" cellpadding="0" width="652" align="center"> <tr> <td width="20" class="white"></td> <td width="400" class="white" height="91"><h1>Second Quarter 2017</h1></td> <td width="206"><img src="http://www.hiffman.net/CC/marketpeek/marketpeek.jpg" width="206" height="91" alt="Market Peek 2Q 2017"/></td> </tr> <tr> <td colspan="3"><p>NAI Hiffman is pleased to present the Second Quarter 2017 Market Peek, a first look at the market statistics for the Chicago metropolitan office and industrial real estate markets.</p></td> </tr> <tr> <td colspan="3"><a alt="http://www.hiffman.net/CC/marketpeek/2Q2017/2Q2017Ticker.gif" href="http://www.hiffman.net/CC/marketpeek/2Q2017/2Q2017Ticker.gif"><img src="http://www.hiffman.net/CC/marketpeek/2Q2017/2Q2017Ticker.gif" width="650" height="85" alt="NAI Hiffman Market Peek Ticker"/></a></td> </tr> <tr> <td colspan="3" height="10"></td> </tr> <tr> <td colspan="3" class="office" height="54"><h3>Industrial: More than 5.6 MSF delivered second quarter, bringing YTD total to 9.9 MSF</h3></td> </tr> <tr> <td colspan="3" class="office"><p3><ul><li>The Chicago industrial market recorded positive net absorption as over 4.23 million square feet was absorbed during the second quarter. This brings the year-to-date total to just under 9.86 million square feet through the first half of 2017. Contributing to net absorption, five tenants took occupancy this quarter in spaces larger than 300,000 square feet each.</li><br> <li>The Chicago industrial vacancy rate dropped six basis points during the second quarter, measuring 6.25 percent, and down 100 basis points from the 7.25 percent recorded this time last year. Strong leasing activity should continue to tighten the market’s overall vacancy rate in the coming quarters.</li><br> <li>Over 5.67 million square feet of new supply delivered second quarter, of which half was built on a speculative basis. Nearly 4.44 million square feet of new construction broke ground this quarter, including The Opus Group and AEW’s 1.22 million square foot joint venture in the Joliet Rock Creek Logistics Center. Currently 17.34 million square feet is under construction in the Chicago industrial market, with 11.76 million square feet scheduled to deliver by the end of 2017.</li></ul></p3></td></tr> <tr> <td colspan="3" align="center" class="office"><a alt="http://www.Hiffman.net/CC/marketpeek/2Q2017/Industrial-2Q2017.gif" href="http://www.Hiffman.net/CC/marketpeek/2Q2017/Industrial-2Q2017.gif"><img src="http://www.Hiffman.net/CC/marketpeek/2Q2017/Industrial2Q2017.gif" valign="top" width="430" height="245" alt="2Q2017 Industrial Vacancy &amp; Absorption"/></a></td></tr> <tr width="5" class="office"> </tr> <tr> <td colspan="3" class="office" height="10"></td> </tr> </table> <table border="0" cellpadding="0" width="652" align="center"> <tr> <td colspan="1" width="125"></td> <td width="400" class="email-button" height="40"><a alt="http://www.hiffman.net/CC/marketpeek/2Q2017/NAI-Hiffman-Industrial-2Q2017.pdf" href="http://www.hiffman.net/CC/marketpeek/2Q2017/NAI-Hiffman-Industrial-2Q2017.pdf">INDUSTRIAL MARKET PEEK</a></td> <td colspan="1" width="125"></td> </tr> <tr> <td colspan="3" height="20"></td> </tr> </table> <table border="0" cellpadding="0" width="652" align="center" class="office"> <tr> <td colspan="3" height="10"></td> </tr> </table> <table border="0" cellpadding="0" width="652" align="center" class="office"> <tr> <td colspan="3" height="54"><h3>Office: Suburbs see increase in vacancy after decrease in previous quarter; CBD starts to feel impact of new trophy towers</h3></td> </tr> <tr> <td colspan="3"><h4>SUBURBS</h4></td> <tr> <td colspan="3"><p3><ul><li>The vacancy rate for the suburban office market measured 19.30 percent second quarter, a 17 basis point increase over the previous quarter. However, O’Hare and the East-West Corridor submarkets saw a decrease in overall vacancy while the other three suburban submarkets saw slight increases. Average gross asking rental rates increased by 0.80 percent for Class A properties, mostly driven by the continued increase in the O’Hare submarket where Class A rents reached an average of $30.45 per square foot this quarter.</li><br> <li>New leasing activity remained strong and totaled nearly 1.0 million square feet. The largest leases signed during the quarter included Caterpillar’s commitment to 116,000 square feet in Deerfield where it will lease the sublease space from Jim Beam, Pharmaceutical Research Associates’ lease of 52,000 square feet in Deerfield, and ISACA’s lease of 45,245 square feet in Schaumburg.</li> </ul> </p3></td></tr> <tr> <td colspan="3" align="center" class="office"><a alt="http://www.Hiffman.net/CC/marketpeek/Q2017/Suburban-2Q2017.gif" href="http://www.Hiffman.net/CC/marketpeek/Q2017/Suburban-2Q2017.gif"><img src="http://www.Hiffman.net/CC/marketpeek/2Q2017/Suburban2Q2017.gif" width="430" vertical-align="top" valign="top" height="245" alt="2Q2017 Suburban Office Vacancy &amp; Absorption"/></a></td> </tr> <tr> <td colspan="3" height="10"></td> </tr> <tr> <td colspan="3"><h4>CBD</h4></td></tr> <tr> <td colspan="3"><p3><ul><li>The downtown office market reported a 54 basis point uptick in vacancy from the previous quarter as large sublease spaces became available from tenants moving into the new trophy assets. Gross asking rental rates increased for Class A and Class B properties by 2.67 and 2.40 percent, respectively.</li><br> <li>New leasing activity increased from the previous quarter by 40.88 percent as more than 2.4 million square feet was recorded. The largest lease of the quarter was signed by Bank of America who committed to 500,000 square feet in the proposed office building at 110 N Wacker Drive. This lease will likely give the project the green light to begin construction on the new tower.</li></ul></p3></td></tr> <tr> <td colspan="3" align="center" class="office"><a alt="http://www.Hiffman.net/CC/marketpeek/2Q2017/Downtown-2Q2017.gif" href="http://www.Hiffman.net/CC/marketpeek/2Q2017/Downtown-2Q2017.gif"><img src="http://www.Hiffman.net/CC/marketpeek/2Q2017/Downtown2Q2017.gif" width="430" vertical-align="top" valign="top" height="245" alt="2Q2017 Downtown Office Vacancy &amp; Absorption"/></a></td> </tr> <td width="5"></td> </tr> </table> <table border="0" cellpadding="0" width="652" align="center"> <tr> <td colspan="1" width="125"></td> <td width="400" class="email-button" height="40"><a alt="http://www.hiffman.net/CC/marketpeek/2Q2017/NAI-Hiffman-Office-2Q2017.pdf" href="http://www.hiffman.net/CC/marketpeek/2Q2017/NAI-Hiffman-Office-2Q2017.pdf">OFFICE MARKET PEEK</a></td> <td colspan="1" width="125"></td> </tr> <tr> <td colspan="3" height="20"></td> </tr> </table> <table border="0" cellpadding="0" width="652" align="center" class="details"> <tr class="details"> <td colspan="5"><p>For further information regarding the content of this market peek or if you are interested in attending a custom market overview presentation, please contact:</p></td> </tr> <tr> <td width="50"></td> <td width="150"> </td> <td width="250"><p align="center"><b>AMANDA ORTIZ</b><br> Director of Research<br> 630.693.0645<br> <a class="brokeremail" href="mailto:aortiz@hiffman.com">aortiz@hiffman.com</a></p></td> <td width="150"> </td> <td width="50"></td> </tr> <tr> <td colspan="2"></td> <td width="155" class="email-button" height="40"><a href="mailto:aortiz@hiffman.com">CONTACT</a></td> <td colspan="2" width="212"></td> </tr> <tr> <td colspan="5" height="10"></td> </tr> </table> <table border="0" cellpadding="0" width="652" align="center"> <tr> <td colspan="5" class="details" height="20"></td> </tr> <tr> <td colspan="5" border="0" padding="0" class="baseline" 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id="sentByEmailLink">aortiz@hiffman.com</a></td></tr></table></td></tr></table></td></tr></table></td><td class="HideInMobile" ><img border="0" height="5" hspace="0" src="https://imgssl.constantcontact.com/letters/images/sys/S.gif" vspace="0" width="1" /></td></tr></table></body> </html><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?a=wny6m_XdNXY:n0D2OK4y51s:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?d=yIl2AUoC8zA" border="0"></img></a> </div> Thu, 06 Jul 2017 20:48:02 Z NAI Hiffman Second Quarter 2017 Market Peek http://www.hiffmanblog.com/blog/2017/7/6 2017-07-06 20:48 +00:00 2017-07-06 15:48 -05:00 50b4f61de4b0699441ebf315:51754a18e4b0280270e59fdd:595d36efbf629ac923ab012f http://feedproxy.google.com/~r/NaiHiffmanBlog/~3/5X4XERksPGk/5 Press Release NAI Hiffman’s Bronson and Will represent Nidec Shimpo America Corporation in building sale <img class="thumb-image" data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/595d372515d5dba2e33cc3a5/1499281216655/" data-image-dimensions="2500x1491" data-image-focal-point="0.5,0.5" data-load="false" data-image-id="595d372515d5dba2e33cc3a5" data-type="image" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/595d372515d5dba2e33cc3a5/1499281216655/?format=1000w" /> <p>ITASCA, IL (July 5, 2017) –&nbsp; NAI Hiffman is pleased to announce that it has represented Nidec Shimpo America Corporation in its sale of 1701 Glenlake Avenue in Itasca, Illinois.</p><p>Executive Vice President, Joe Bronson and Associate, Josh Will, represented Nidec Shimpo, the leading supplier of drive technology and gearing solutions in the industrial marketplace, in the sale of the 24,428-square-foot building to The Finer Line. Nick Eboli of Lee &amp; Associates represented the buyer.&nbsp;</p><p>With close proximity to I-290, 1701 Glenlake Avenue features 6,167 square feet of office space, 2 interior docks with levelers, 1 drive-in door, 19’ clear height and parking to accommodate 51 cars.</p><p>“This listing saw a good amount of activity due to the size and location,” said Will. “There were little to no other options near Itasca at the time that had high office ratio and high ceilings in that size range. Steve Kirby from Growth Corp was key in securing financing for the transaction.”</p><p>Featured in <a target="_blank" href="http://www.dailyherald.com/business/20170706/nai-hiffman-represents-nidec-shimpo-in-building-sale">Chicago Daily Herald</a>; <a target="_blank" href="https://www.cpexecutive.com/post/nidec-shimpo-sells-itasca-hq/">Chicago Property Executive</a>; <a target="_blank" href="http://www.rejournals.com/Articles/2017/07/17/NAI-Hiffman-represents-Simpo-Ame">REjournals</a></p><p> </p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?a=5X4XERksPGk:g9M5vAKSthk:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?d=yIl2AUoC8zA" border="0"></img></a> </div> Wed, 05 Jul 2017 19:03:25 Z NAI Hiffman NAI Hiffman’s Bronson and Will represent Nidec Shimpo America Corporation in building sale http://www.hiffmanblog.com/blog/2017/7/5 2017-07-05 19:03 +00:00 2017-07-05 14:03 -05:00 50b4f61de4b0699441ebf315:51754a18e4b0280270e59fdd:5955159cc534a568ba1e2b28 http://feedproxy.google.com/~r/NaiHiffmanBlog/~3/GzYudw7it1I/29-1 Press Release NAI Hiffman’s Adam Johnson sells 100% of Remington Corporate Center office condos <p>BOLINGBROOK, IL (June 29, 2017) NAI Hiffman is pleased to announce that Vice President, Adam Johnson has recently completed the sale of the final office condominium unit located at Remington Corporate Center in Bolingbrook.</p><p>The units were owned by the original developer, Remquad Office Company, who built the multi-unit building at 215 and 235 Remington Boulevard in Bolingbrook.</p><p>The final sale of this 2,147-square-foot unit completes the sell-off of 17 units totaling 63,000 square-feet. The property includes signage opportunities visible to I-55 and is conveniently located near the intersection of Route 53 and I-55.</p><hr /><p>Featured in <a target="_blank" href="http://www.dailyherald.com/business/20170630/nai-hiffman-sells-last-space-at-bolingbrook-office-condos">Chicago Daily Herald</a></p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?a=GzYudw7it1I:F44v30Ib3V4:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?d=yIl2AUoC8zA" border="0"></img></a> </div> Thu, 29 Jun 2017 14:59:33 Z NAI Hiffman http://www.hiffmanblog.com/blog/2017/6/29-1 2017-06-29 14:59 +00:00 2017-06-29 09:59 -05:00 50b4f61de4b0699441ebf315:51754a18e4b0280270e59fdd:59551368be6594e1fe81af12 http://feedproxy.google.com/~r/NaiHiffmanBlog/~3/_wUcFTVlG3M/29 Press Release NAI Hiffman’s Tresslar represents four tenants in Chicago’s O’Hare Market <p>ELK GROVE VILLAGE, WOOD DALE, IL (June 29, 2017) NAI Hiffman is pleased to announce that Eric Tresslar, executive vice president with the firm’s Industrial Services group, recently completed four lease transactions for tenants in Chicago’s O’Hare submarket.</p><p>In the largest transaction, GCR Corporation leased 76,697 square feet at 1501 Nicholas Street in Elk Grove Village. GCR Corporation, headquartered in Elk Grove Village, is a refurbishment and service center for many leading manufacturers of consumer electronics products. The new space will provide additional overflow space for its growing operations. They now occupy space in three buildings in the market. &nbsp;</p><p>In a separate new lease, Associated Global Systems relocated from Elk Grove Village to a 34,215-square-foot facility at 500 Thorndale Avenue in Wood Dale. The global logistics and supply chain provider selected the new facility due to its highly functional loading and it provided 9,000 square-feet of office space to accommodate its growing operations.</p><p>Additionally, Tresslar completed separate lease renewals in Elk Grove Village for Atrend USA and Ludwig Dairy/Ludwig Foods. Atrend USA, the world’s leading manufacturer of speaker enclosures, renewed 42,260 square feet at 2701 Lively Boulevard. Meanwhile, Ludwig Dairy/Ludwig Foods renewed 23,218 square feet at 1270-1280 Mark Street. The transaction included significant tenant improvements allowing the dairy product provider to enhance operational efficiency.</p><p>All four tenants selected buildings owned by Prologis – currently the largest Chicago industrial owner with more than 200 assets in its growing portfolio.</p><p>Featured in<a target="_blank" href="http://www.dailyherald.com/business/20170630/nai-hiffman-represents-four-leases-in-ohare-area"> Chicago Daily Herald</a>; <a target="_blank" href="https://www.cpexecutive.com/post/nai-hiffman-brokers-four-chicago-leases/">Chicago Property Executive</a></p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?a=_wUcFTVlG3M:OYjw8OKP3Mg:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?d=yIl2AUoC8zA" border="0"></img></a> </div> Thu, 29 Jun 2017 14:58:17 Z NAI Hiffman http://www.hiffmanblog.com/blog/2017/6/29 2017-06-29 14:58 +00:00 2017-06-29 09:58 -05:00 50b4f61de4b0699441ebf315:51754a18e4b0280270e59fdd:59526695d1758e455ac9a9a0 http://feedproxy.google.com/~r/NaiHiffmanBlog/~3/BYXSrpXbREU/27 Press Release NAI Hiffman welcomes Ted Staszak to its growing Capital Markets team <img class="thumb-image" data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/595266cdebbd1ae9dcda3230/1498572511658/" data-image-dimensions="326x248" data-image-focal-point="0.5,0.5" data-load="false" data-image-id="595266cdebbd1ae9dcda3230" data-type="image" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/595266cdebbd1ae9dcda3230/1498572511658/?format=1000w" /> <p>OAKBROOK TERRACE, IL, (June 27, 2017) — NAI Hiffman announced today that Ted Staszak has joined the firm as Senior Vice President with the Capital Markets Team. He brings more than 20 years of experience in commercial real estate, including: real estate acquisitions, dispositions, partnership transfers, joint ventures, project management and development joint ventures.&nbsp;Mr. Staszak will partner with Pat Sullivan, senior vice president, focusing on expanding the firm’s industrial Capital Markets platform as well as enhancing full-service solutions for its clients.<br />&nbsp;<br />“Ted’s addition elevates the capabilities and service offerings to one of the most powerful industrial real estate groups in the Midwest. His expertise and professionalism will allow NAI Hiffman to better serve our robust local and regional client base as well as our industrial brokerage group of over 35 transaction professionals. I’ve followed Ted’s successful career in the investment marketplace and am thrilled with the level of professionalism, integrity and capability he brings to our firm,” said Michael Flynn SIOR CCIM, Chief Operating Officer.<br />&nbsp;<br />Prior to joining NAI Hiffman, Mr. Staszak was an Executive Vice President with CBRE. Throughout the span of his career, Mr. Staszak has completed more than 500 investment transactions with an aggregate value in excess of $8 billion nationally with a particular expertise in Chicago, Indianapolis, Columbus, and Cincinnati. He has represented many large institutional clients nationwide including CenterPoint Properties, Duke Realty, High Street Realty, Prologis and TA Realty, among others.&nbsp;<br />&nbsp;<br />Mr. Staszak holds a Bachelor of Business Administration from Notre Dame University and has been an active volunteer over the last decade as a Vice President and Board Member of the Oak Park Education Foundation and local AYSO affiliate.</p><hr /><p>Featured in <a target="_blank" href="https://www.cpexecutive.com/post/nai-hiffman-appoints-ted-staszak-as-svp/">Commercial Property Executive</a></p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?a=BYXSrpXbREU:ogniN2M3yl8:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?d=yIl2AUoC8zA" border="0"></img></a> </div> Tue, 27 Jun 2017 14:10:58 Z NAI Hiffman NAI Hiffman welcomes Ted Staszak to its growing Capital Markets team http://www.hiffmanblog.com/blog/2017/6/27 2017-06-27 14:10 +00:00 2017-06-27 09:10 -05:00 50b4f61de4b0699441ebf315:51754a18e4b0280270e59fdd:594840d23e00beac9d1b9bd5 http://feedproxy.google.com/~r/NaiHiffmanBlog/~3/UXi-vpxMvw0/ohare-herlihy REfocus Industrial REfocus | The O’Hare Industrial Market: Addressing 3 Common Misconceptions <p>NAI Hiffman Senior Associate Terry Herlihy discusses the three topics typically seen as barriers to entry in the O'Hare industrial market: availability, taxes and development opportunities.&nbsp;</p><iframe scrolling="no" allowfullscreen="" src="//www.youtube.com/embed/1ykT9khYcH8?feature=youtu.be&amp;wmode=opaque&amp;enablejsapi=1" width="854" frameborder="0" height="480"> </iframe><p>For information, contact:<br />Terry Herlihy<br />therlihy@hiffman.com<br />630-693-0664</p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?a=UXi-vpxMvw0:N3RFpSMHn9E:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?d=yIl2AUoC8zA" border="0"></img></a> </div> Mon, 19 Jun 2017 21:24:25 Z NAI Hiffman REfocus | The O’Hare Industrial Market: Addressing 3 Common Misconceptions http://www.hiffmanblog.com/blog/ohare-herlihy 2017-06-19 21:24 +00:00 2017-06-19 16:24 -05:00 50b4f61de4b0699441ebf315:51754a18e4b0280270e59fdd:59419aeaff7c509f00a9cc7a http://feedproxy.google.com/~r/NaiHiffmanBlog/~3/J0Mr4Db4jcM/14 Press Release NAI Hiffman’s Capital Markets team represents ownership in sale of JCPenney’s West Coast distribution center <img class="thumb-image" data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/59419b04e3df285c7a5e55f5/1497471811080/" data-image-dimensions="2500x1712" data-image-focal-point="0.5,0.5" data-load="false" data-image-id="59419b04e3df285c7a5e55f5" data-type="image" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/59419b04e3df285c7a5e55f5/1497471811080/?format=1000w" /> <p>BUENA PARK, CA (June 14, 2017) – NAI Hiffman is proud to announce that its Industrial Capital Markets Team and NAI Global Corporate Services represented J.C. Penney Properties, Inc. in the sale and short-term leaseback of the JCPenney distribution center located at 6800 Valley View Street in Buena Park, California.</p><p>Spanning 1,035,000 square feet, the center is situated within the Los Angeles market and the highly sought-after Mid-Counties/North Orange County industrial submarket, benefitting from immediate access to the area’s vast interstate system and two of the busiest seaports in the United States – The Port of Long Beach and The Port of Los Angeles.</p><p>Having served as one of JCPenney’s main distribution centers since 1967, the unique asset consists of one of the largest blocks of distribution space in the tightest and most land-constrained industrial market in the U.S.&nbsp; &nbsp;</p><p>The sale attracted heavy interest from investors that aggressively pursued the asset, which has been a target for redevelopment due to the limited supply of expensive land and limited pipeline of new construction in the area.&nbsp; &nbsp;&nbsp;</p><p>CenterPoint Properties purchased the asset at an undisclosed price and the acquisition has reportedly been marked as the largest contiguous single-tenant transaction in Orange County over the last 25 years.</p><p>The free-standing facility was constructed in two phases in 1967 and 1986 and currently features up to 32’ warehouse ceiling heights, 154 dock-high loading doors, 263 trailer parking spaces, and loading on three sides featuring 190’ deep truck courts.</p><p>The NAI Hiffman Capital Markets Team of Pat Sullivan, Senior Vice President, and Ryan Chambers, Vice President, as well as Executive Vice President of Industrial Services, Adam Roth, CCIM, SIOR, worked alongside NAI Global Corporate Services’ Executive Vice President &amp; Managing Directors, Brett Spitzer and Joe Howell, and NAI Capital’s Senior Vice Presidents, Nicholas Chang and Richard Lee in exclusively representing the owner in the sale.</p><p> </p><p>Featured in <a target="_blank" href="http://www.ocregister.com/2017/06/04/real-estate-briefly-cbre-brokers-santa-ana-complex-for-14m/">The Orange County Register</a>;&nbsp;<a target="_blank" href="https://www.cpexecutive.com/post/nai-seals-ocs-largest-single-tenant-deal-in-25-years/">Commercial Property Exclusive</a>; <a target="_blank" href="https://www.commercialcafe.com/blog/nai-hiffman-closes-major-industrial-deal-orange-county/">Yardi</a></p><p> </p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?a=J0Mr4Db4jcM:nsrwxtjAwZA:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?d=yIl2AUoC8zA" border="0"></img></a> </div> Wed, 14 Jun 2017 20:24:49 Z NAI Hiffman NAI Hiffman’s Capital Markets team represents ownership in sale of JCPenney’s West Coast distribution center http://www.hiffmanblog.com/blog/2017/6/14 2017-06-14 20:24 +00:00 2017-06-14 15:24 -05:00 50b4f61de4b0699441ebf315:51754a18e4b0280270e59fdd:593ef8661b10e3d51ac93766 http://feedproxy.google.com/~r/NaiHiffmanBlog/~3/kL931-Q8qpU/12-1 NAI Hiffman’s Wurtz, Reardon represent Renishaw Inc in building sale <p>HOFFMAN ESTATES, IL (June 12, 2017) NAI Hiffman is pleased to announce the recent sale of 5277 Trillium Boulevard in Hoffman Estates.</p><p>Heidner Property Inc. purchased the 37,500-square-foot property from Renishaw Inc for $3,200,000 in an effort to strengthen its fast-growing businesses including Heidner Property Management and Gold Rush Gaming. Renishaw Inc has relocated to its new 133,000 build-to-suit North American headquarters in West Dundee.</p><p>NAI Hiffman Senior Vice Presidents, Jason Wurtz and Jack Reardon of NAI Hiffman and Jason Talanian from Glenwood Commercial Realty, Inc, represented the Renishaw Inc, in the sale.</p><hr /><p>Featured in <a target="_blank" href="http://www.dailyherald.com/business/20170612/renishaw-sells-former-hq-for-32-million">Daily Herald</a>; <a target="_blank" href="https://www.cpexecutive.com/post/nai-hiffman-brokers-illinois-office-sale-in-illinois/">Commercial Property Executive</a>; <a target="_blank" href="http://www.rejournals.com/2017/06/15/nai-hiffman-assists-in-sale-of-hoffman-estates-building/">REjournals</a></p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?a=kL931-Q8qpU:kZY470Wbwx8:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?d=yIl2AUoC8zA" border="0"></img></a> </div> Mon, 12 Jun 2017 20:24:46 Z Stephanie Aguilar http://www.hiffmanblog.com/blog/2017/6/12-1 2017-06-12 20:24 +00:00 2017-06-12 15:24 -05:00 50b4f61de4b0699441ebf315:51754a18e4b0280270e59fdd:593ef824c534a5b4f51b3224 http://feedproxy.google.com/~r/NaiHiffmanBlog/~3/ec5Y2ub_lxo/12 Press Release NAI Hiffman’s Granger assists Sunbelt Rentals in new Chicago warehouse lease <p>CHICAGO, IL (June 12, 2017) – NAI Hiffman is proud to announce that Senior Vice President, Bruce Granger, recently represented Sunbelt Rentals in its new lease at 3030 N Tripp Avenue in Chicago, Illinois.</p><p>In an effort to expand its growing business in Chicago, Sunbelt Rentals – one of the largest equipment rentals in North America serving the commercial, residential, industrial, and special service industries—will occupy the 29,000-square-foot facility, formally occupied by ComEd.</p><p>Located on Chicago’s northwest side in the Logan Square neighborhood, Sunbelt Rentals will benefit from the building’s close proximity to the I-90/94 Kennedy Expressway as well as recent renovations at its new space. The building features significant outside storage for their equipment on a newly-paved, lit and secured lot.&nbsp;</p><hr /><p>Featured in <a target="_blank" href="https://www.cpexecutive.com/post/nai-hiffman-arranges-chicago-warehouse-lease/">Commercial Property Executive</a>;&nbsp;<a target="_blank" href="https://www.bisnow.com/chicago/news/deal-sheet/this-weeks-chicago-deal-sheet-75509">Bisnow</a></p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?a=ec5Y2ub_lxo:BMtXDzZbwIM:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?d=yIl2AUoC8zA" border="0"></img></a> </div> Mon, 12 Jun 2017 20:23:56 Z NAI Hiffman http://www.hiffmanblog.com/blog/2017/6/12 2017-06-12 20:23 +00:00 2017-06-12 15:23 -05:00 50b4f61de4b0699441ebf315:51754a18e4b0280270e59fdd:593df93ebf629a6afee6a668 http://feedproxy.google.com/~r/NaiHiffmanBlog/~3/E9-EqYjT3LA/9 REmark Industrial REmark: A Look Inside the Growth of Chicago’s Industrial Market <img class="thumb-image" data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/593df956e58c62c93bd1d4e3/1497233754868/" data-image-dimensions="1667x2156" data-image-focal-point="0.5,0.5" data-load="false" data-image-id="593df956e58c62c93bd1d4e3" data-type="image" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/593df956e58c62c93bd1d4e3/1497233754868/?format=1000w" /> <p>Over the past 5 years, Chicago’s construction deliveries have been on the rise, adding nearly 63.5 million SF to the market. Since the beginning of 2012, the industrial market has seen a 4% increase in overall square footage, bringing the market to a total of more than 1.2 billion SF. Sustaining the delivery of new buildings, year-over-year absorption has continually kept up with this new supply, as net absorption has been above 10.0 million SF annually since 2011 and over 20 million SF in each of the last two years. With over 17 million SF under construction set to deliver over the next 12-18 months, and net absorption already in excess of 5.6 million in Q1 alone, &nbsp;it would appear that the trends of these past two years will continue though the balance of 2017.</p> <a href="mailto:aortiz@hiffman.com;mflynn@hiffman.com" class="sqs-block-button-element--medium sqs-block-button-element" >Learn More</a><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?a=E9-EqYjT3LA:je3ZMqq_dJg:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?d=yIl2AUoC8zA" border="0"></img></a> </div> Fri, 09 Jun 2017 17:00:00 Z NAI Hiffman REmark: A Look Inside the Growth of Chicago’s Industrial Market http://www.hiffmanblog.com/blog/2017/6/9 2017-06-09 17:00 +00:00 2017-06-09 12:00 -05:00 50b4f61de4b0699441ebf315:51754a18e4b0280270e59fdd:592744ef20099eac048620dd http://feedproxy.google.com/~r/NaiHiffmanBlog/~3/NXUKuX2LFIM/25-remark REmark Office REmark: Exploring Liquidity in the Chicago Suburban Office Market <img class="thumb-image" data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/592744fa86e6c0839b81c918/1495745833505/" data-image-dimensions="2500x3235" data-image-focal-point="0.5,0.5" data-load="false" data-image-id="592744fa86e6c0839b81c918" data-type="image" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/592744fa86e6c0839b81c918/1495745833505/?format=1000w" /> <p>Post-recession investment activity started to increase in the 4th Quarter of 2012 and began to taper off in the latter half of 2015. Since liquidity hit a low of 8.66% in April of 2016, investment activity has increased substantially to the current rate of 17.87%. <strong>More square footage has traded in the past 12 months than at any point since the recession.</strong></p> <a href="mailto:aortiz@hiffman.com;mflynn@hiffman.com" class="sqs-block-button-element--medium sqs-block-button-element" >Learn More</a><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?a=NXUKuX2LFIM:5CkW0WgV_sc:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?d=yIl2AUoC8zA" border="0"></img></a> </div> Thu, 25 May 2017 21:02:24 Z NAI Hiffman REmark: Exploring Liquidity in the Chicago Suburban Office Market http://www.hiffmanblog.com/blog/2017/5/25-remark 2017-05-25 21:02 +00:00 2017-05-25 16:02 -05:00