Company News 50b4f61de4b0699441ebf315:51754a18e4b0280270e59fdd:594840d23e00beac9d1b9bd5 http://feedproxy.google.com/~r/NaiHiffmanBlog/~3/UXi-vpxMvw0/ohare-herlihy Industrial News REfocus 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 News 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 Office News REmark 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 50b4f61de4b0699441ebf315:51754a18e4b0280270e59fdd:5925a919be65940caa152943 http://feedproxy.google.com/~r/NaiHiffmanBlog/~3/DVRaY7XM4hs/24 NAI Hiffman’s Wurtz and Van Reken complete office sale for non-profit in McHenry <img class="thumb-image" data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5925a9ce17bffc3fe7f33cd7/1495640569387/" data-image-dimensions="2500x1325" data-image-focal-point="0.5,0.5" data-load="false" data-image-id="5925a9ce17bffc3fe7f33cd7" data-type="image" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5925a9ce17bffc3fe7f33cd7/1495640569387/?format=1000w" /> <p>McHENRY, IL (May 24, 2017) – NAI Hiffman recently represented ownership in the sale of a 39,267-square-foot office building located at 4100 Veterans Parkway in McHenry, Illinois.</p><p>NAI Hiffman Senior Vice President - Office Services, Jason Wurtz, and Vice President – Office Services, Aubrey Van Reken, represented Pioneer Center for Human Services in the transaction.</p><p>Pioneer Center for Human Services sold the property to Alexander Leigh Center for Autism (ALCA), also a 501(c)3 non-profit organization, where it will be relocating from its current space in Crystal Lake, Illinois.</p><p>ALCA has plans to expand its Therapeutic Day School services to serve more individuals with Autism Spectrum Disorder (ASD), OHI, multiple disabilities, developmental delay and/or intellectual disabilities.</p><p>Bill Lussow and Victor Sanmiguel of Bespoke Commercial Real Estate represented the buyer.</p><p><strong>About Pioneer Center for Human Services</strong><br /><a href="https://www.pioneercenter.org/">Pioneer Center for Human Services</a>, is a 501(c)3, non-profit charitable organization that has successfully served people with Intellectual and Developmental Disabilities, those experience homelessness, and youth in need of prevention and mentoring services for over 60 years.</p><hr /><p>Featured in <a target="_blank" href="http://www.dailyherald.com/business/20170525/nai-hiffman-completes-office-sale-for-non-profit">Daily Herald</a>; <a target="_blank" href="https://www.cpexecutive.com/post/nai-hiffman-mediates-office-sale-in-illinois/">Commercial Property Executive</a>; <a target="_blank" href="http://www.rejournals.com/2017/05/29/nai-hiffman-completes-office-building-sale-in-mchenry/">REjournals</a></p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?a=DVRaY7XM4hs:zRCqHF_l5lg:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?d=yIl2AUoC8zA" border="0"></img></a> </div> Wed, 24 May 2017 15:43:38 Z NAI Hiffman NAI Hiffman’s Wurtz and Van Reken complete office sale for non-profit in McHenry http://www.hiffmanblog.com/blog/2017/5/24 2017-05-24 15:43 +00:00 2017-05-24 10:43 -05:00 50b4f61de4b0699441ebf315:51754a18e4b0280270e59fdd:591c9dde3a0411315ef1df4b http://feedproxy.google.com/~r/NaiHiffmanBlog/~3/npdb7n3D6gI/17 Office News Events Bisnow State of the Suburbs 2017 <p>Thanks to everyone who made it out to The Reserve last week for Bisnow's State of the Suburbs event hosted by 90 North &amp; NAI Hiffman. Watch our quick recap for a look at the event and our main takeaways from the panel.</p><iframe scrolling="no" allowfullscreen="" src="//www.youtube.com/embed/08seHE35BCk?feature=youtu.be&amp;wmode=opaque&amp;enablejsapi=1" width="854" frameborder="0" height="480"> </iframe><p><a target="_blank" href="https://www.bisnow.com/chicago/news/commercial-real-estate/the-only-predictable-thing-about-suburban-chicago-real-estate-is-its-unpredictability-74507?be=lfishbune%40hiffman.com&amp;utm_source=Newsletter&amp;utm_medium=email&amp;utm_campaign=tue-16-may-2017-000000-0500_chicago-re">Read more here from Bisnow Chicago.</a></p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?a=npdb7n3D6gI:r6bOSZuTsn8:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?d=yIl2AUoC8zA" border="0"></img></a> </div> Wed, 17 May 2017 19:11:10 Z NAI Hiffman Bisnow State of the Suburbs 2017 http://www.hiffmanblog.com/blog/2017/5/17 2017-05-17 19:11 +00:00 2017-05-17 14:11 -05:00 50b4f61de4b0699441ebf315:51754a18e4b0280270e59fdd:591b3dc6c534a5acfd0c7038 http://feedproxy.google.com/~r/NaiHiffmanBlog/~3/zggXzP-0vs8/16 Market in Motion Industrial News Market in Motion: South Chicago Industrial Market <p>As industrial companies move out of Fulton Market and Goose Island to make way for residential, office and other commercial uses, demand for remaining industrial development in the City of Chicago is on the rise. South Chicago, the largest of the region's 21 industrial submarkets, has seen significant activity to accommodate those users.<br />&nbsp;<br />In our newest Market in Motion video, Chris Gary takes us on a tour of the South Chicago submarket, providing insight on the history, recent activity, and the future of some of the submarket's Planned Manufacturing Districts. <a target="_blank" href="https://www.youtube.com/watch?v=4gpTH8ax2U4&amp;feature=youtu.be">Watch the video here »</a></p><iframe scrolling="no" allowfullscreen="" src="//www.youtube.com/embed/4gpTH8ax2U4?feature=youtu.be&amp;wmode=opaque&amp;enablejsapi=1" width="854" frameborder="0" height="480"> </iframe><p>For more details on the South Chicago market, contact:</p><p><strong>Chris Gary</strong><br />Executive Vice President<br />Industrial Brokerage<br />cgary@hiffman.com<br />630-693-0694</p><p>For further information regarding NAI Hiffman's brokerage services, contact:</p><p><strong>Michael Flynn, SIOR, CCIM</strong><br />Chief Operating Officer<br />mflynn@hiffman.com<br />630-691-0600</p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?a=zggXzP-0vs8:4CI6MNwi1VE:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?d=yIl2AUoC8zA" border="0"></img></a> </div> Tue, 16 May 2017 18:00:56 Z NAI Hiffman Market in Motion: South Chicago Industrial Market http://www.hiffmanblog.com/blog/2017/5/16 2017-05-16 18:00 +00:00 2017-05-16 13:00 -05:00 50b4f61de4b0699441ebf315:51754a18e4b0280270e59fdd:59149b9c6b8f5b47815a2076 http://feedproxy.google.com/~r/NaiHiffmanBlog/~3/Dlv2jsBRK3U/11 The Allure of Lake County <h2 class="text-align-center">Location, Labor and Specialization</h2><p class="text-align-center">By Brandon Waters - Associate, NAI Hiffman Industrial Services</p><p>Situated between the density of Chicago’s Cook County and the business-friendly climate of Southeast Wisconsin, Lake County distinguishes itself in the Chicagoland market by providing a deep pool of skilled labor, a concentration of specialized medical and pharmaceutical-related companies, and a convenient location for organizations seeking efficient regional distribution solutions.</p>&nbsp; <img class="thumb-image" alt="Chicago-Counties-MH.png" data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5914bb09725e25f2cc76e082/1494530958001/Chicago-Counties-MH.png" data-image-dimensions="2500x1630" data-image-focal-point="0.5,0.5" data-load="false" data-image-id="5914bb09725e25f2cc76e082" data-type="image" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5914bb09725e25f2cc76e082/1494530958001/Chicago-Counties-MH.png?format=1000w" /> &nbsp;<h3 class="text-align-center">Recent History</h3><p>While the Lake County industrial submarket took a hit during the recession, its recovery has steadily advanced since its vacancy peak in the third quarter of 2010. Despite the addition of almost 10 million SF of new product in the Lake County submarket since 2008, total vacancy has dropped 265 basis points from pre-recession lows.</p>&nbsp; <img class="thumb-image" alt="Brandons-Chart-001.png" data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5914bb5be3df28085998e4f5/1494530964496/Brandons-Chart-001.png" data-image-dimensions="2296x1560" data-image-focal-point="0.5,0.5" data-load="false" data-image-id="5914bb5be3df28085998e4f5" data-type="image" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5914bb5be3df28085998e4f5/1494530964496/Brandons-Chart-001.png?format=1000w" /> &nbsp;<p>The Lake County submarket currently consists of more than 68.7 million SF and boasts a 5.82% vacancy rate, 49 basis points below the 6.31% average vacancy rate of the overall Chicago industrial market.</p><h3 class="text-align-center">Specialization</h3><p>Lake County is an established home for some of the world’s top medical instrument/precision tooling companies. Featuring more than 700 companies - 50 of them corporate headquarters - &nbsp;in the industry, Lake County’s skilled-manufacturing facilities employ nearly 20,000 people.</p>&nbsp; <img class="thumb-image" data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5914bbdb6a49631b4f08879b/1494531040658/" data-image-dimensions="2134x2134" data-image-focal-point="0.5,0.5" data-load="false" data-image-id="5914bbdb6a49631b4f08879b" data-type="image" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5914bbdb6a49631b4f08879b/1494531040658/?format=1000w" /> <h3 class="text-align-center">Hot Spot</h3><p>Lake County is home to over 700 companies in the medical instrument/precision tooling industries.</p> <img class="thumb-image" data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5914bbf08419c21e9bbd804f/1494531060640/" data-image-dimensions="1708x1708" data-image-focal-point="0.5,0.5" data-load="false" data-image-id="5914bbf08419c21e9bbd804f" data-type="image" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5914bbf08419c21e9bbd804f/1494531060640/?format=1000w" /> <h3 class="text-align-center">Workforce</h3><p class="text-align-center">Nearly 43% of the Lake County population has a bachelor’s degree or higher.</p> <img class="thumb-image" data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5914bbfb15cf7d68335974ed/1494531076519/" data-image-dimensions="1708x1708" data-image-focal-point="0.5,0.5" data-load="false" data-image-id="5914bbfb15cf7d68335974ed" data-type="image" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5914bbfb15cf7d68335974ed/1494531076519/?format=1000w" /> <h3 class="text-align-center">Wages</h3><p class="text-align-center">The average wage in this industry in Lake County is 25% higher than the Illinois average and 38% higher than the national average.</p>&nbsp;<p class="text-align-center">Major medical instrument/precision tooling companies based in Lake County include:</p>&nbsp; <img class="thumb-image" data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5914bdcaf7e0abd89c20b61a/1494531532690/" data-image-dimensions="400x250" data-image-focal-point="0.5,0.5" data-load="false" data-image-id="5914bdcaf7e0abd89c20b61a" data-type="image" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5914bdcaf7e0abd89c20b61a/1494531532690/?format=1000w" /> <img class="thumb-image" data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5914bdd35016e15d0cef8a91/1494531542228/" data-image-dimensions="400x250" data-image-focal-point="0.5,0.5" data-load="false" data-image-id="5914bdd35016e15d0cef8a91" data-type="image" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5914bdd35016e15d0cef8a91/1494531542228/?format=1000w" /> <img class="thumb-image" data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5914bddc1b631b674c4c1f0a/1494531550228/" data-image-dimensions="400x250" data-image-focal-point="0.5,0.5" data-load="false" data-image-id="5914bddc1b631b674c4c1f0a" data-type="image" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5914bddc1b631b674c4c1f0a/1494531550228/?format=1000w" /> &nbsp;<h3 class="text-align-center">Pharmaceutical Focus</h3><p>Lake County has long been a destination for pharmaceutical companies seeking to take advantage of the highly-educated and skilled workforce, proximity to suppliers and to the entire Midwest market through regional supply chains.</p>&nbsp; <img class="thumb-image" data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5914bec246c3c49de2862bec/1494531783544/" data-image-dimensions="2134x2134" data-image-focal-point="0.5,0.5" data-load="false" data-image-id="5914bec246c3c49de2862bec" data-type="image" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5914bec246c3c49de2862bec/1494531783544/?format=1000w" /> <h3 class="text-align-center">Pharma Central</h3><p>Lake County is home to more than 100 pharmaceutical companies, with 10 corporate headquarters.</p> <img class="thumb-image" data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5914becdf7e0abd89c20c8d3/1494531794194/" data-image-dimensions="2117x2117" data-image-focal-point="0.5,0.5" data-load="false" data-image-id="5914becdf7e0abd89c20c8d3" data-type="image" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5914becdf7e0abd89c20c8d3/1494531794194/?format=1000w" /> <h3 class="text-align-center">Labor</h3><p>The bio/pharmaceutical industry employs more than 19,000 people in Lake County.</p> <img class="thumb-image" data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5914bed8f7e0abd89c20c97f/1494531803455/" data-image-dimensions="1708x1708" data-image-focal-point="0.5,0.5" data-load="false" data-image-id="5914bed8f7e0abd89c20c97f" data-type="image" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5914bed8f7e0abd89c20c97f/1494531803455/?format=1000w" /> <h3 class="text-align-center">Wages</h3><p>The average wage in the local pharmaceutical industry is 45% higher than the average of all other Lake County workers.</p>&nbsp;<p class="text-align-center">Major pharmaceutical companies based in Lake County include:<br /> </p>&nbsp; <img class="thumb-image" data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5914bf083a041161b127442b/1494531850257/" data-image-dimensions="400x250" data-image-focal-point="0.5,0.5" data-load="false" data-image-id="5914bf083a041161b127442b" data-type="image" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5914bf083a041161b127442b/1494531850257/?format=1000w" /> <img class="thumb-image" data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5914bf16e4fcb5bd4f58214e/1494531863794/" data-image-dimensions="400x250" data-image-focal-point="0.5,0.5" data-load="false" data-image-id="5914bf16e4fcb5bd4f58214e" data-type="image" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5914bf16e4fcb5bd4f58214e/1494531863794/?format=1000w" /> <img class="thumb-image" data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5914bf23cd0f680a6d8739bf/1494531878523/" data-image-dimensions="400x250" data-image-focal-point="0.5,0.5" data-load="false" data-image-id="5914bf23cd0f680a6d8739bf" data-type="image" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5914bf23cd0f680a6d8739bf/1494531878523/?format=1000w" /> <img class="thumb-image" data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5914bf325016e15d0cefa2bf/1494531893903/" data-image-dimensions="400x250" data-image-focal-point="0.5,0.5" data-load="false" data-image-id="5914bf325016e15d0cefa2bf" data-type="image" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5914bf325016e15d0cefa2bf/1494531893903/?format=1000w" /> &nbsp;<h3 class="text-align-center">Regional Distribution</h3><p class="text-align-center">Lake County draws companies attracted by the fact that it is situated midway between Chicago and Milwaukee.&nbsp;</p>&nbsp; <img class="thumb-image" alt="truck.png" data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5914bfdd893fc0a14d529a85/1494532069556/truck.png" data-image-dimensions="2117x2117" data-image-focal-point="0.5,0.5" data-load="false" data-image-id="5914bfdd893fc0a14d529a85" data-type="image" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5914bfdd893fc0a14d529a85/1494532069556/truck.png?format=1000w" /> <h3 class="text-align-center">In the Middle</h3><p>The location allows one-day ground transportation to more than 50% of North America’s population.</p> <img class="thumb-image" data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5914bfe3ff7c50d3b693f31b/1494532072864/" data-image-dimensions="2134x2134" data-image-focal-point="0.5,0.5" data-load="false" data-image-id="5914bfe3ff7c50d3b693f31b" data-type="image" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5914bfe3ff7c50d3b693f31b/1494532072864/?format=1000w" /> <h3 class="text-align-center">Room to Grow</h3><p>Lake County has 20 sites with more than 10 acres of developable land.</p> <img class="thumb-image" data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5914bfee725e25f2cc7739f6/1494532088443/" data-image-dimensions="2134x2134" data-image-focal-point="0.5,0.5" data-load="false" data-image-id="5914bfee725e25f2cc7739f6" data-type="image" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5914bfee725e25f2cc7739f6/1494532088443/?format=1000w" /> <h3 class="text-align-center">Big Deal</h3><p>In the first quarter of 2017, Amazon signed a 626,000 SF lease for a speculative facility in Waukegan.</p>&nbsp;<p>While the location is desirable, many users in the submarket have specialized building requirements due to their industry. Build-to-suit projects combined with strategic speculative facilities are likely factors that contribute to the continued low vacancy rate. Additionally, Lake County hosts a high percentage of owner-occupied facilities.</p><h3 class="text-align-center">Summary</h3><p>Known for its highly specialized and unique facilities, the Lake County industrial market has experienced substantial growth since the pre-recession days when it was seen as a secondary place of business. Located North of Cook County and spanning to the Wisconsin border, this market of almost 69 million square feet has seen vacancy rates drop to a historic 5.82% low. In a market that is located halfway between Milwaukee and downtown Chicago, 1-day ground transportation can reach more than 50% of North America’s population. Additionally, its location near the high-end suburbs along Lake Michigan make it an ideal location for successful business owners who seek convenience between their home and businesses.The combination of skilled labor along with specialized facilities has made Lake County a “hot bed” for medical manufacturers and pharmaceutical corporations.</p><h3 class="text-align-center">Want to learn more?<br />Contact:</h3><p class="text-align-center">Brandon Waters<br /><a href="mailto:bwaters@hiffman.com">bwaters@hiffman.com</a><br />630-693-0673<br /><a target="_blank" href="https://www.linkedin.com/in/watersbrandon/">LinkedIn</a>&nbsp;</p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?a=Dlv2jsBRK3U:uqZDi-qdVJs:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?d=yIl2AUoC8zA" border="0"></img></a> </div> Mon, 15 May 2017 15:00:00 Z NAI Hiffman The Allure of Lake County http://www.hiffmanblog.com/blog/2017/5/11 2017-05-15 15:00 +00:00 2017-05-15 10:00 -05:00 50b4f61de4b0699441ebf315:51754a18e4b0280270e59fdd:5914cab286e6c0ab6b4666f6 http://feedproxy.google.com/~r/NaiHiffmanBlog/~3/yipMgotEGZQ/remark REmark Industrial News REmark: Chicago Region Unemployment Rates <img class="thumb-image" data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5914cab7f7e0abd89c2199a3/1494534872499/" data-image-dimensions="1530x1980" data-image-focal-point="0.5,0.5" data-load="false" data-image-id="5914cab7f7e0abd89c2199a3" data-type="image" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5914cab7f7e0abd89c2199a3/1494534872499/?format=1000w" /> <p>How has Illinois unemployment fared since the recession? Almost back down to the 5.5% rate recorded at the end of 2007, the Illinois unemployment rate has continually declined since 2009, down to 5.7%. This rate is still 100 basis points above the national rate of 4.7%, and down 380 basis points since the 9.5% recorded rate at the end of 2010. The national unemployment rate has improved since the recession, falling 460 basis points from the December 2010 reading of 9.3%, and is now 30 basis points below the pre-recession rate of 5.0%.</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=yipMgotEGZQ:oqePEbY7n7c:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?d=yIl2AUoC8zA" border="0"></img></a> </div> Thu, 11 May 2017 20:41:11 Z NAI Hiffman REmark: Chicago Region Unemployment Rates http://www.hiffmanblog.com/blog/2017/5/11/remark 2017-05-11 20:41 +00:00 2017-05-11 15:41 -05:00 50b4f61de4b0699441ebf315:51754a18e4b0280270e59fdd:5909e5adf7e0abfde3011bd0 http://feedproxy.google.com/~r/NaiHiffmanBlog/~3/PnEJlIHs7wU/3-1 Press Release NAI Hiffman's Gary represents Tibor Machine Products in Bridgeview <p>BRIDGEVIEW, IL (May 2, 2017) NAI Hiffman recently represented contract machining leader, Tibor Machine Products, in the long-term lease renewal of its headquarters at 7400 West 100th Place in Bridgeview, Illinois. The building, owned by ML Realty Partners, features heavy power, ample parking, and excellent access to I-294.</p><p>“We are pleased to renew our lease and continue our growth in the south suburbs,” said Mark Lindemulder, president of Tibor Machine Products.&nbsp;“Our Bridgeview facility provides us with a strong workforce, access to major highways, and most importantly, a factory layout that supports production efficiency.”&nbsp;</p><p>Chris Gary, executive vice president with NAI Hiffman’s Industrial Services group, represented Tibor Machine Products in the transaction. This is Gary’s third time representing Tibor Machine Products.</p><hr /><p>Featured in <a target="_blank" href="http://www.rejournals.com/2017/05/04/nai-hiffman-secures-three-industrial-leases-in-chicagos-suburbs/">REjournals</a>; <a target="_blank" href="http://www.dailyherald.com/business/20170503/nai-hiffman-represents-tibor-machine-products-in-bridgeview">Daily Herald</a></p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?a=PnEJlIHs7wU:l-q5QuvDhg8:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?d=yIl2AUoC8zA" border="0"></img></a> </div> Wed, 03 May 2017 14:14:26 Z NAI Hiffman http://www.hiffmanblog.com/blog/2017/5/3-1 2017-05-03 14:14 +00:00 2017-05-03 09:14 -05:00 50b4f61de4b0699441ebf315:51754a18e4b0280270e59fdd:5909e57429687f2f54deeab4 http://feedproxy.google.com/~r/NaiHiffmanBlog/~3/58wonv4Ky7Q/3 Press Release NAI Hiffman represents AEW Capital Management, L.P. in two lease transactions <p>BOLINGBROOK &amp; FRANKLIN PARK, IL (May 2, 2017) – NAI Hiffman announced today that Dan Leahy, executive vice president with NAI Hiffman’s Industrial Services group, represented institutional owner, AEW Capital Management L.P. (AEW), in two recent lease transactions.</p><p>In Franklin Park, Dealer Tire renewed its existing 118,235-square-foot lease at 3708 River Road. Dealer Tire, a service-based company supporting tire manufacturers and dealers has been a tenant at the asset since 2007. Dealer Tire was represented by Tom Walrich of Lee &amp; Associates - Dallas.</p><p>Additionally, Leahy represented AEW in its recent lease transaction with Crane Nuclear in Bolingbrook, Illinois. Crane Nuclear, a leading provider of valves and related services for domestic and international nuclear power plants, will occupy 53,720-square-feet at the 860 Remington Boulevard. Crane Nuclear was represented by Jason West of Cushman &amp; Wakefield.</p><hr /><p>Featured in <a target="_blank" href="http://www.rejournals.com/2017/05/04/nai-hiffman-secures-three-industrial-leases-in-chicagos-suburbs/">REjournals</a>; <a target="_blank" href="https://www.cpexecutive.com/post/nai-hiffman-closes-2-large-chicago-leases/">Commercial Property Executive</a></p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?a=58wonv4Ky7Q:KlA7OYHFTCg:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?d=yIl2AUoC8zA" border="0"></img></a> </div> Wed, 03 May 2017 14:13:56 Z NAI Hiffman http://www.hiffmanblog.com/blog/2017/5/3 2017-05-03 14:13 +00:00 2017-05-03 09:13 -05:00 50b4f61de4b0699441ebf315:51754a18e4b0280270e59fdd:59020ae4e58c62307a1ecc33 http://feedproxy.google.com/~r/NaiHiffmanBlog/~3/FGHSIeKWQNw/27 Research REmark REmark: Largest Employers by State (HQ) <a href="http://www.hiffmanblog.com/s/REmark-042717.pdf" target="_blank"> <img class="thumb-image" data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/59020c8e37c581b2ce092a34/1493307677316/" data-image-dimensions="2500x2721" data-image-focal-point="0.5,0.5" data-load="false" data-image-id="59020c8e37c581b2ce092a34" data-type="image" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/59020c8e37c581b2ce092a34/1493307677316/?format=1000w" /> </a> <p>In our latest REmark, we’ve highlighted the company headquartered in each state which employs the most individuals based on worldwide employment statistics. The companies indicated above account for approximately 10.47 million total jobs.</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=FGHSIeKWQNw:q7r38ZS6fGk:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?d=yIl2AUoC8zA" border="0"></img></a> </div> Thu, 27 Apr 2017 19:12:12 Z NAI Hiffman REmark: Largest Employers by State (HQ) http://www.hiffmanblog.com/blog/2017/4/27 2017-04-27 19:12 +00:00 2017-04-27 14:12 -05:00 50b4f61de4b0699441ebf315:51754a18e4b0280270e59fdd:58fa0d13b8a79b115569b425 http://feedproxy.google.com/~r/NaiHiffmanBlog/~3/3UVFzfQ8yCs/21 Awards & Honors Management News Congratulations Liliana Leon on being the 2017 Ollie Scholarship Recipient <img class="thumb-image" alt="Leon_Liliana.jpg" data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/58fa0d8920099e1269fac8c3/58fa0db5be6594f1c3451b24/1492782521153/Leon_Liliana.jpg" data-image-dimensions="1680x2240" data-image-focal-point="0.5,0.5" data-load="false" data-image-id="58fa0db5be6594f1c3451b24" data-type="image" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/58fa0d8920099e1269fac8c3/58fa0db5be6594f1c3451b24/1492782521153/Leon_Liliana.jpg?format=1000w" /><br> <img class="thumb-image" alt="2017DC.JPG" data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/58fa0d8920099e1269fac8c3/58fa16605016e1622ab55a5b/1492784737880/2017DC.JPG" data-image-dimensions="1600x1066" data-image-focal-point="0.5,0.5" data-load="false" data-image-id="58fa16605016e1622ab55a5b" data-type="image" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/58fa0d8920099e1269fac8c3/58fa16605016e1622ab55a5b/1492784737880/2017DC.JPG?format=1000w" /><br> <img class="thumb-image" alt="IMG_1318.JPG" data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/58fa0d8920099e1269fac8c3/58fa0d8c414fb5f6c57a1fc3/1492782481091/IMG_1318.JPG" data-image-dimensions="2500x1875" data-image-focal-point="0.5,0.5" data-load="false" data-image-id="58fa0d8c414fb5f6c57a1fc3" data-type="image" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/58fa0d8920099e1269fac8c3/58fa0d8c414fb5f6c57a1fc3/1492782481091/IMG_1318.JPG?format=1000w" /><br> <img class="thumb-image" alt="IMG_1325.JPG" data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/58fa0d8920099e1269fac8c3/58fa0d8946c3c4ce4da0262e/1492782480863/IMG_1325.JPG" data-image-dimensions="2500x1875" data-image-focal-point="0.5,0.5" data-load="false" data-image-id="58fa0d8946c3c4ce4da0262e" data-type="image" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/58fa0d8920099e1269fac8c3/58fa0d8946c3c4ce4da0262e/1492782480863/IMG_1325.JPG?format=1000w" /><br> <img class="thumb-image" alt="IMG_1322.JPG" data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/58fa0d8920099e1269fac8c3/58fa0d896a49637db3fad76c/1492782478312/IMG_1322.JPG" data-image-dimensions="2500x1875" data-image-focal-point="0.5,0.5" data-load="false" data-image-id="58fa0d896a49637db3fad76c" data-type="image" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/58fa0d8920099e1269fac8c3/58fa0d896a49637db3fad76c/1492782478312/IMG_1322.JPG?format=1000w" /><br> <a href="#" class="previous"></a> <a href="#" class="next"></a> <h3>Congratulations to the 2017 Ollie Scholarship Recipient!</h3><p>The BOMA/Chicago Foundation and the Scholarship Committee are excited to announce that Liliana (Lily) Leon, Assistant Property Manager at NAI Hiffman, has been awarded the 2017 Reginald L. Ollie Inclusion and Outreach Scholarship. Lily, a DePaul University graduate, began her career as a property administrator at Harper Court with McCaffery Interests, Inc in 2014. Soon after, she was promoted to assistant property manager for the University of Chicago's commercial real estate portfolio. During that time, Lily received her broker's license. At the end of 2016, Lily accepted an offer from NAI Hiffman (909 Davis Street in Evanston) in hopes of continuing her growth within CRE. We will recognize Lily at the Diversity Celebration.</p><h3>April 20 Diversity Celebration Details</h3><p>The annual Diversity Celebration to raise funds for the Ollie Scholarship and to recognize our 2017 recipient was held on April 20 at Venue SIX10 (610 S Michigan, home of the Spertus Institute) . About 300 were in attendance as we celebrated, enjoyed the amazing views of Grant Park and Lake Michigan and watched the talented Jesse White Tumblers perform.&nbsp;</p><p><a target="_blank" href="https://www.bomachicago.org/education/rpafma-designations/diversity-celebration">Read more here</a></p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?a=3UVFzfQ8yCs:fAbZo8SAksI:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?d=yIl2AUoC8zA" border="0"></img></a> </div> Fri, 21 Apr 2017 13:53:05 Z NAI Hiffman Congratulations Liliana Leon on being the 2017 Ollie Scholarship Recipient http://www.hiffmanblog.com/blog/2017/4/21 2017-04-21 13:53 +00:00 2017-04-21 08:53 -05:00 50b4f61de4b0699441ebf315:51754a18e4b0280270e59fdd:58ef89679de4bbfd3a9da5e4 http://feedproxy.google.com/~r/NaiHiffmanBlog/~3/dlQlpwqW24o/13 Press Release NAI Hiffman completes lease renewal at Butterfield Centre in Lombard <img class="thumb-image" data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/58ef898615d5db893a67d127/1492093336562/" data-image-dimensions="2500x1667" data-image-focal-point="0.5,0.5" data-load="false" data-image-id="58ef898615d5db893a67d127" data-type="image" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/58ef898615d5db893a67d127/1492093336562/?format=1000w" /> <p>LOMBARD, IL (April 13, 2017) – NAI Hiffman is pleased to announce that Waste Management has signed a lease renewal at 700-720 E. Butterfield Road in Lombard, Illinois.</p><p>NAI Hiffman Executive Vice President, Michael Van Zandt, and Vice President, Brian Edgerton, represented the landlord, St. Paul Fire &amp; Marine, in the 86,110-square-foot office lease. Waste Management has been an active tenant at Butterfield Centre since 1991 and continues to benefit from the property’s prime location in DuPage County.</p><p>NAI Hiffman currently provides leasing and management services at Butterfield Centre, a two-building, 280,672-square-foot, Class A office complex centrally located at 700-720 E. Butterfield Road. The property features close proximity to major interchanges like I-88 and I-355, as well as popular restaurants and shops within Yorktown Center Mall in Lombard. Amenities, include: newly renovated common areas, on-site deli with “made-to-order” service, fitness center, covered parking, storage, and training center with auditorium. To learn more about Butterfield Centre and its leasing opportunities, visit: <a href="http://www.butterfieldcentre.com">www.butterfieldcentre.com</a>.</p><p>Featured in <a target="_blank" href="https://www.bisnow.com/chicago/news/deal-sheet/this-weeks-chicago-deal-sheet-73439">Bisnow</a>; <a target="_blank" href="http://www.costar.com/News/Article/Office-Lease-Up-April-17-Bank-of-America-Lease-Triggers-Construction-of-Skanskas-Long-Planned-35-Story-CBD-Office-Tower/190288">CoStar</a>; <a target="_blank" href="http://www.dailyherald.com/article/20170413/business/170419453/">Daily Herald</a></p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?a=dlQlpwqW24o:vHilxHh3IWA:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?d=yIl2AUoC8zA" border="0"></img></a> </div> Thu, 13 Apr 2017 14:22:30 Z NAI Hiffman NAI Hiffman completes lease renewal at Butterfield Centre in Lombard http://www.hiffmanblog.com/blog/2017/4/13 2017-04-13 14:22 +00:00 2017-04-13 09:22 -05:00 50b4f61de4b0699441ebf315:51754a18e4b0280270e59fdd:58ee426917bffcbada6e92f0 http://feedproxy.google.com/~r/NaiHiffmanBlog/~3/tq1d45y2qo4/12 Office News The Reserve at Deer Park <iframe scrolling="no" allowfullscreen="" src="//www.youtube.com/embed/rqG4OfS8nGg?wmode=opaque&amp;enablejsapi=1" width="854" frameborder="0" height="480"> </iframe><p>With expansive parking, beautiful &amp; functional common areas, and all the amenities employees need throughout the day, The Reserve at Deer Park offers one of the best opportunities for companies to create a corporate identity in Chicago's suburbs. Learn more about what the property offers at <a target="_blank" href="http://thereserveatdeerpark.com">thereserveatdeerpark.com</a> or contact:</p><p>Jason Wurtz<br />847 626 1086<br /><a href="mailto:jwurtz@hiffman.com">jwurtz@hiffman.com</a><br /><br />Jason Streepy<br />847 626 1088<br /><a href="mailto:jstreepy@hiffman.com">jstreepy@hiffman.com</a><br /><br />Michael Flynn<br />847 626 1099<br /><a href="mailto:mflynn@hiffman.com">mflynn@hiffman.com</a></p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?a=tq1d45y2qo4:DOiLaaqQeb0:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?d=yIl2AUoC8zA" border="0"></img></a> </div> Wed, 12 Apr 2017 16:09:55 Z NAI Hiffman The Reserve at Deer Park http://www.hiffmanblog.com/blog/2017/4/12 2017-04-12 16:09 +00:00 2017-04-12 11:09 -05:00 50b4f61de4b0699441ebf315:51754a18e4b0280270e59fdd:58ece93a6b8f5b270c3d4be5 http://feedproxy.google.com/~r/NaiHiffmanBlog/~3/BxK0Xgvd09g/11 Press Release New Hires & Promotions NAI Hiffman announces Michael Flynn promoted to company leadership team as Chief Operating Officer <img class="thumb-image" data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/58eceb59414fb58fde5b6438/1491921762276/" data-image-dimensions="1500x2100" data-image-focal-point="0.5,0.5" data-load="false" data-image-id="58eceb59414fb58fde5b6438" data-type="image" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/58eceb59414fb58fde5b6438/1491921762276/?format=1000w" /> <p>OAKBROOK TERRACE, IL (April 11, 2017) – NAI Hiffman today announced the promotion of Michael Flynn, SIOR, CCIM, from Executive Vice President in NAI Hiffman’s Office Services group to Chief Operating Officer (COO) for the firm.</p><p>As COO, Flynn will provide the leadership and management continuity necessary to ensure that the firm continues its execution of its expansion strategy and enhances its operating effectiveness while providing unwavering service to its broad range of clients.</p><p>"Michael has been a proven leader in the office brokerage division; as a founding Shareholder in the firm, he will be an invaluable asset to our broader brokerage and management platforms as we continue to serve our expanding client base in Chicago," said CEO, Dave Petersen. '"We are excited to have Michael’s leadership and expertise fully committed to the task of driving the organization forward."</p><p>Flynn brings more than 30 years of experience in commercial real estate leasing and tenant representation to NAI Hiffman, most recently leading an office leasing team focused on North and Northwest suburban Chicago for private and institutional clients including TA Realty, KBS, 90 North and The Davis Companies. He continues to hold a position on the NAI Global Member Leadership Board, serving more than 250 member firms worldwide.</p><p>"As the leading independently-owned Chicago real estate services firm, NAI Hiffman’s culture and entrepreneurial approach is what allows us to continue to serve our clients with unmatched passion and creativity. I am honored to have this opportunity to broaden my impact on the entire organization" said Flynn. "I continue to be excited daily about the great things we are doing for our people and our clients."</p><p>A University of Michigan graduate, Flynn attended the Ross School of Business Administration.&nbsp;He joined NAI Hiffman in 2000 as one of its founding members and has consistently been one of the firm’s top producers. Flynn has received designations from both SIOR and CCIM. He is a member of the Economic Club of Chicago, and on the Board of Directors at Fenwick High School in Oak Park, Illinois.</p><hr /><p>Featured in <a target="_blank" href="http://www.rejournals.com/2017/04/11/nai-hiffman-promotes-vp-to-coo/">REjournals</a></p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?a=BxK0Xgvd09g:Hv4Bnn2l_n0:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?d=yIl2AUoC8zA" border="0"></img></a> </div> Tue, 11 Apr 2017 14:36:02 Z NAI Hiffman NAI Hiffman announces Michael Flynn promoted to company leadership team as Chief Operating Officer http://www.hiffmanblog.com/blog/2017/4/11 2017-04-11 14:36 +00:00 2017-04-11 09:36 -05:00 50b4f61de4b0699441ebf315:51754a18e4b0280270e59fdd:58ebfd9659cc6813aa6ffcf8 http://feedproxy.google.com/~r/NaiHiffmanBlog/~3/cmaOON_XoU4/10 Research Market Reports First Quarter 2017 Market Reviews <p>Featured in <a target="_blank" href="https://www.bisnow.com/chicago/news/office/vacancy-rate-drop-major-sales-highlight-suburban-chicago-office-activity-in-q1-73443">Bisnow</a></p><p>NAI Hiffman is pleased to present its First Quarter 2017 Market Review for the Chicago suburban office and industrial markets. The brief overview provides a look at first quarter activity and statistics.</p> <a href="http://www.hiffman.net/research/NAI%20Hiffman%20Suburban%20Office%20Market%20Review%201Q%202017_2-pg.pdf" target="_blank"> <img class="thumb-image" alt="View Suburban Office Market Review" data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/58ebfe4e03596e9140a447e9/1491861128447/NAI+Hiffman+Suburban+Office+Market+Review+1Q+2017_2-pg_Page_1.jpg" data-image-dimensions="1700x2200" data-image-focal-point="0.5,0.5" data-load="false" data-image-id="58ebfe4e03596e9140a447e9" data-type="image" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/58ebfe4e03596e9140a447e9/1491861128447/NAI+Hiffman+Suburban+Office+Market+Review+1Q+2017_2-pg_Page_1.jpg?format=1000w" /> </a> <p><a target="_blank" href="http://www.hiffman.net/research/NAI%20Hiffman%20Suburban%20Office%20Market%20Review%201Q%202017_2-pg.pdf">View Suburban Office Market Review</a></p> <a href="http://www.hiffman.net/research/NAI%20Hiffman%20Industrial%20Market%20Review%201Q%202017_2-pg.pdf" target="_blank"> <img class="thumb-image" alt="View Industrial Market Review" data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/58ed17a086e6c02d632c7e8f/1491933106759/NAI+Hiffman+Industrial+Market+Review+1Q+2017_2-pg_Page_1.jpg" data-image-dimensions="651x844" data-image-focal-point="0.5,0.5" data-load="false" data-image-id="58ed17a086e6c02d632c7e8f" data-type="image" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/58ed17a086e6c02d632c7e8f/1491933106759/NAI+Hiffman+Industrial+Market+Review+1Q+2017_2-pg_Page_1.jpg?format=1000w" /> </a> <p><a target="_blank" href="http://www.hiffman.net/research/NAI%20Hiffman%20Industrial%20Market%20Review%201Q%202017_2-pg.pdf">View Industrial Market Review</a></p> <h3 class="text-align-center">Questions? Want to learn more? Contact:</h3><p class="text-align-center">Amanda Ortiz<br />Director of Research<br /><a target="_blank" href="mailto:aortiz@hiffman.com">aortiz@hiffman.com</a><br />630-693-0645</p> <a href="mailto:aortiz@hiffman.com" class="sqs-block-button-element--medium sqs-block-button-element" >Contact</a><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?a=cmaOON_XoU4:noc_g80PS2k:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?d=yIl2AUoC8zA" border="0"></img></a> </div> Mon, 10 Apr 2017 21:55:38 Z NAI Hiffman First Quarter 2017 Market Reviews http://www.hiffmanblog.com/blog/2017/4/10 2017-04-10 21:55 +00:00 2017-04-10 16:55 -05:00 50b4f61de4b0699441ebf315:51754a18e4b0280270e59fdd:58e680756b8f5bd40561ac40 http://feedproxy.google.com/~r/NaiHiffmanBlog/~3/NuHCpXhtC1I/cdp-industrial-trends Central DuPage Market Trends <img class="thumb-image" data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/58e6a1703e00bee7e89fa53b/1491509654944/" data-image-dimensions="2500x1578" data-image-focal-point="0.5,0.5" data-load="false" data-image-id="58e6a1703e00bee7e89fa53b" data-type="image" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/58e6a1703e00bee7e89fa53b/1491509654944/?format=1000w" /> <h2>Overview</h2><p>Historically, Central DuPage (CDP) has been viewed as one of Chicagoland’s core industrial submarkets. Comprised of nearly 70 million square feet of industrial space,&nbsp;many owners have highly sought after industrial assets in CDP for its proximity to major highway arteries, exposure to skilled labor, proximity to affluent municipalities, and favorable taxes. On a larger scale, Central DuPage is divided by I-355 into two smaller markets. Product east of I-355 is traditionally owner occupied, older vintage, and smaller lots/land parcels, while the product west of I-355 contains more institutional-quality assets. &nbsp;</p><h2>The Central DuPage Cycle</h2><ul><li><p>The portion of the Central DuPage submarket located East of I-355 (Addison, Lombard, etc.) has been a prime "starter market" for smaller tenants and owners as it offers traditionally smaller, land-locked buildings that tend to be older vintage.</p></li><li><p>Many companies migrate to the CDP market to escape higher land values and higher real estate taxes near O'Hare in Cook County. In many cases, users also find newer, more functional assets in CDP as compared to the O'Hare market.</p></li></ul><ul><li><p>As tenants outgrow their existing facilities, they tend to move further west, seeking larger, more functional assets to support further growth.</p></li><li><p>With Central DuPage's vacancy rate below 5.0%, it requires a very selective search with a qualified broker to discover vacant functional product west of I-355 that fulfills the qualities tenants are seeking, such as sufficient loading, proper clear height, adequate parking, functional/modern office space, or most importantly, divisibility.&nbsp;</p></li></ul> <a data-title="" data-description="" data-lightbox-theme="dark" href="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/58e6a258be6594f03b3ca869/58e80e563a0411454c6263a9/1491603034236/CDP+Trends.jpg" class="image-slide-anchor content-fill" > <img class="thumb-image" alt="CDP Trends.jpg" data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/58e6a258be6594f03b3ca869/58e80e563a0411454c6263a9/1491603034236/CDP+Trends.jpg" data-image-dimensions="2052x2910" data-image-focal-point="0.5,0.5" data-load="false" data-image-id="58e80e563a0411454c6263a9" data-type="image" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/58e6a258be6594f03b3ca869/58e80e563a0411454c6263a9/1491603034236/CDP+Trends.jpg?format=1000w" /><br> </a> <a data-title="" data-description="" data-lightbox-theme="dark" href="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/58e6a258be6594f03b3ca869/58e80e58bf629aaf15549375/1491603036510/CDP+Trends2.jpg" class="image-slide-anchor content-fill" > <img class="thumb-image" alt="CDP Trends2.jpg" data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/58e6a258be6594f03b3ca869/58e80e58bf629aaf15549375/1491603036510/CDP+Trends2.jpg" data-image-dimensions="2052x2910" data-image-focal-point="0.5,0.5" data-load="false" data-image-id="58e80e58bf629aaf15549375" data-type="image" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/58e6a258be6594f03b3ca869/58e80e58bf629aaf15549375/1491603036510/CDP+Trends2.jpg?format=1000w" /><br> </a> <a data-title="" data-description="" data-lightbox-theme="dark" href="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/58e6a258be6594f03b3ca869/58e80e5a86e6c08b6ab64188/1491603040173/CDP+Trends3.jpg" class="image-slide-anchor content-fill" > <img class="thumb-image" alt="CDP Trends3.jpg" data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/58e6a258be6594f03b3ca869/58e80e5a86e6c08b6ab64188/1491603040173/CDP+Trends3.jpg" data-image-dimensions="2052x2910" data-image-focal-point="0.5,0.5" data-load="false" data-image-id="58e80e5a86e6c08b6ab64188" data-type="image" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/58e6a258be6594f03b3ca869/58e80e5a86e6c08b6ab64188/1491603040173/CDP+Trends3.jpg?format=1000w" /><br> </a> <a data-title="" data-description="" data-lightbox-theme="dark" href="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/58e6a258be6594f03b3ca869/58e80e5c15d5dbf5efd5da97/1491603040539/CDP+Trends4.jpg" class="image-slide-anchor content-fill" > <img class="thumb-image" alt="CDP Trends4.jpg" data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/58e6a258be6594f03b3ca869/58e80e5c15d5dbf5efd5da97/1491603040539/CDP+Trends4.jpg" data-image-dimensions="2052x2910" data-image-focal-point="0.5,0.5" data-load="false" data-image-id="58e80e5c15d5dbf5efd5da97" data-type="image" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/58e6a258be6594f03b3ca869/58e80e5c15d5dbf5efd5da97/1491603040539/CDP+Trends4.jpg?format=1000w" /><br> </a> <h2>So where are these tenants going?</h2><ul><li>If you look at the available options in Central DuPage as of April 1, and your requirement is 24’ clear height or greater, there are limited opportunities. A majority of these availabilities are non-divisible, single tenant vacancies:<br /> <ul><li>30,000 - 74,999 SF: you have 9 options</li><li>75,000 - 149,999 SF: you have 13 options</li><li>150,000 - 300,000 SF: you have 8 options</li><li>300,000 SF and larger: you have 1 option</li></ul></li></ul><p>*The vacancies noted above total roughly 3.5 million SF of vacancy. Please <a href="mailto:mfreitag@hiffman.com">contact us</a> if you have questions on any specific available assets.</p><ul><li><p>The nearby I-88 submarket has just shy of 5 million square feet of vacancy with nearly 75% (or 3.7 million square feet)&nbsp;of this product being in larger, divisible assets, making it a popular market for tenants to move to.</p></li></ul><h2>How owners can attract tenants east of I-355</h2><ul><li><p>For those buildings in the Central DuPage market that are seen as “functionally obsolete”, there are a number of ways owners can improve their assets to attract and retain established tenants, and accommodate their growth. Owners can improve building functionality through the deployment of additional capital. A few strategic improvements include, but are not be limited to:&nbsp;a roof raise, removing bays to create proper loading, assembling additional parcels to support building expansion, installing modern energy efficient lighting and HVAC systems, additional parking, etc. Any combination of these types of improvements will add to the viability of an aging asset.</p></li><li><p>NAI Hiffman's industrial brokerage group can provide strategic planning and marketing to assist owners and businesses in improving their assets to attract all types of industrial tenants. For more information, contact:</p></li></ul><p class="text-align-center">Michael J. Freitag<br /><a href="mailto:mfreitag@hiffman.com">mfreitag@hiffman.com</a><br />630-693-0652<br /><a target="_blank" href="https://www.linkedin.com/in/michaeljfreitag9/">LinkedIn</a></p> <a href="mailto:mfreitag@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=NuHCpXhtC1I:d_L_Xy9uND0:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?d=yIl2AUoC8zA" border="0"></img></a> </div> Fri, 07 Apr 2017 22:00:00 Z NAI Hiffman Central DuPage Market Trends http://www.hiffmanblog.com/blog/cdp-industrial-trends 2017-04-07 22:00 +00:00 2017-04-07 17:00 -05:00