Company News 50b4f61de4b0699441ebf315:51754a18e4b0280270e59fdd:5ba155784ae237074151cc41 http://feedproxy.google.com/~r/NaiHiffmanBlog/~3/Ma9gCD1u7ZU/18 Suburban Office Concession Trends <p><strong>Suburban Office Concession Trends</strong></p><p>Research recently released its latest REmark: Suburban Office Concession Trends, which highlights concession trends for suburban office lease transactions since 2013. This project focused on class A and class B lease transactions which spanned a length of four years or greater.</p><p>Take a look at the latest in this series and remember to SHARE this deliverable as you like; it provides a significant opportunity to stay in front of your clients and prospects who may find it valuable.”</p> <img class="thumb-image" alt="REmark-091718-FINAL.jpg" data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5ba155ad6d2a73ad5f7ea564/1537299894123/REmark-091718-FINAL.jpg" data-image-dimensions="2500x2500" data-image-focal-point="0.5,0.5" data-load="false" data-image-id="5ba155ad6d2a73ad5f7ea564" data-type="image" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5ba155ad6d2a73ad5f7ea564/1537299894123/REmark-091718-FINAL.jpg?format=1000w" /><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?a=Ma9gCD1u7ZU:_Zd0KnczpxY:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?d=yIl2AUoC8zA" border="0"></img></a> </div> Tue, 18 Sep 2018 19:47:10 Z NAI Hiffman Suburban Office Concession Trends https://www.hiffmanblog.com/blog/2018/9/18 2018-09-18 19:47 +00:00 2018-09-18 14:47 -05:00 50b4f61de4b0699441ebf315:51754a18e4b0280270e59fdd:5b912f7e758d4649449ec122 http://feedproxy.google.com/~r/NaiHiffmanBlog/~3/gnxwvUR22Yg/6 NAI Hiffman appoints Timothy C. Hauert as Senior Project Manager, Project Management Services <p><strong>OAKBROOK TERRACE, IL (September 4, 2018) -</strong>&nbsp;Oakbrook Terrace-based commercial real estate firm NAI Hiffman announced Timothy Hauert has been appointed to Senior Project Manager, to lead the growth of its Project Management platform; he will report to Managing Director of Management Services, Robert Assoian.</p><p>Formerly a Senior Project Manager with DCT Industrial, Mr. Hauert will support the firm’s management services team in capital project construction oversight, schedules, pricing and zoning for its portfolio of more than 600 assets.</p><p>Additionally, Hauert will bring his construction expertise to serve the firm’s occupier clients, providing another level of service to tenants through scope of work, architect engagement, bidding and construction oversight as they relocate or expand.</p><p>“We are thrilled to have Tim join the team and lead the charge in the expansion of our project management services locally and regionally. With the growth we have achieved in recent years, the timing is prime and we are excited about the value, support and innovation he will be able to provide to our owner and tenant clients, alike.” said Dave Petersen, Chief Executive Officer.</p><p>Previously, Hauert was responsible for the project management of new development, shell construction, tenant improvements and capital expenditures for DCT Industrials’ 11 million square foot portfolio in Chicago and assisted various other markets including Cincinnati, Dallas and Houston.</p><p>Prior to his tenure at DCT Industrial, Mr. Hauert began his career in Accounting working for Chicago-based CenterPoint Properties. During his tenure with CenterPoint, he accelerated his career from a Construction Assistant to Project Manager, with responsibilities for construction budgeting, quality control, construction coordination and tenant improvements throughout the Midwest, and the west coast markets including Los Angeles, San Francisco, and Seattle.</p><p>“While our senior property management professionals have significant construction experience, the growth of our management business and the increasing needs of our tenant clients has led us to expand our Project Management division to provide an even higher level of service to both our owner and occupier clients for the hundreds of capital projects we handle each year”, said Bob Assoian.</p><p>Timothy Hauert is a graduate of St. Norbert College, DePere, Wisconsin. He lives in Elmhurst Illinois with his wife, Karlee and their three sons. He is an active volunteer with the Feed My Starving Children organization.</p><p><strong>About NAI Hiffman</strong></p><p>Comprised of more than 160 real estate professionals, NAI Hiffman provides leasing, management, investment sales and capital markets representation for owners and occupiers of commercial real estate in the Chicago metro market. It currently leases and manages an 80+ million SF portfolio of over 700 commercial properties throughout metropolitan Chicago, Northwest Indiana and Southeast Wisconsin.&nbsp;For more information, please visit <a href="http://www.naihiffman.com/">www.naihiffman.com</a>.</p><p>Featured in <a target="_blank" href="https://www.rejournals.com/nai-hiffman-appoints-timothy-hauert-as-senior-project-manager-20180905">REJournals</a></p><p> </p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?a=gnxwvUR22Yg:zrdmNqxCzm8:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?d=yIl2AUoC8zA" border="0"></img></a> </div> Thu, 06 Sep 2018 14:31:50 Z NAI Hiffman NAI Hiffman appoints Timothy C. Hauert as Senior Project Manager, Project Management Services https://www.hiffmanblog.com/blog/2018/9/6 2018-09-06 14:31 +00:00 2018-09-06 09:31 -05:00 50b4f61de4b0699441ebf315:51754a18e4b0280270e59fdd:5b7f2462c2241bb63029dfff http://feedproxy.google.com/~r/NaiHiffmanBlog/~3/vNs0RXVQCHE/22-1-xgb36-xakmw-rn2kr REmark Research National Industrial Inventory & Absorption <p>The U.S. industrial sector has experienced tremendous growth over the past few years. Tenant demand continues to fuel development in major market industrial sectors across the country.</p><p>Here's how Chicago measures up:&nbsp;</p> <a href="https://www.hiffmanblog.com/s/NAI-REmark-082118.pdf" target="_blank"> <img class="thumb-image" alt="NAI-REmark-082118.jpg" data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5b7f251170a6adbc6a7096f4/1535059253998/NAI-REmark-082118.jpg" data-image-dimensions="1700x1900" data-image-focal-point="0.5,0.5" data-load="false" data-image-id="5b7f251170a6adbc6a7096f4" data-type="image" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5b7f251170a6adbc6a7096f4/1535059253998/NAI-REmark-082118.jpg?format=1000w" /> </a> <hr /><h3 class="text-align-center">Want to know more? Contact:</h3><p class="text-align-center"><strong>Amanda Ortiz</strong><br />Director of Research<br /><a 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=vNs0RXVQCHE:txY22L4wFAU:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?d=yIl2AUoC8zA" border="0"></img></a> </div> Thu, 23 Aug 2018 21:23:48 Z NAI Hiffman National Industrial Inventory & Absorption https://www.hiffmanblog.com/blog/2018/3/22-1-xgb36-xakmw-rn2kr 2018-08-23 21:23 +00:00 2018-08-23 16:23 -05:00 50b4f61de4b0699441ebf315:51754a18e4b0280270e59fdd:5b758220aa4a9903e4d15e56 http://feedproxy.google.com/~r/NaiHiffmanBlog/~3/5FKmBG15B4U/16 Denny Hiffman Recognized with 944 Cup Driver Achievement Award <p>Congratulations to 944 Cup driver Denny Hiffman who has reached the 100th career race in the 944 Cup series during the course of this 2018 season. Denny will be recognized for his accomplishments in the series at our Nationals event this October at Daytona.</p><p>Denny has not only attained the century mark in races, but in doing so has become one of the most decorated drivers in the history of the series. Denny has raced 944 Cup races at 19 tracks throughout the United States and in doing so, has posted 32 wins, 81 podium finishes and has won 5 Regional Championship titles and 2 National titles.</p><p>Maybe as amazing Denny has done all of this in the last 5 years at the age of 70+, an age that most racers are comfortably relaxing in their lazy boy rocker in their living room recalling the good ole days.</p><p>Source <a target="_blank" href="http://44cup.com/home">944Cup.com</a></p><p> </p><p> </p><p> </p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?a=5FKmBG15B4U:yg0H2d9UKUQ:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?d=yIl2AUoC8zA" border="0"></img></a> </div> Thu, 16 Aug 2018 14:06:46 Z NAI Hiffman Denny Hiffman Recognized with 944 Cup Driver Achievement Award https://www.hiffmanblog.com/blog/2018/8/16 2018-08-16 14:06 +00:00 2018-08-16 09:06 -05:00 50b4f61de4b0699441ebf315:51754a18e4b0280270e59fdd:5b743c0421c67c83f64e852d http://feedproxy.google.com/~r/NaiHiffmanBlog/~3/0KAhotdXFEc/15 Fulton District Parcel Comes to Market <p><strong>CHICAGO, IL (August 10, 2018) -</strong> NAI Hiffman is marketing a development site at 450 N. Morgan St. on the north side of the Fulton Market District. The current owner of the site, MAB Capital Management, had planned a five-story office property on the site.</p><p>“This land parcel and development provides a unique, shovel-ready development opportunity in a dynamic area of Chicago’s expanding business district,” said NAI Hiffman EVP Lawrence Much. “MAB Capital Management has advanced all aspects of the site for development, and has also developed several mixed-use projects in the immediate vicinity which have contributed to the vitality of the West Loop.”</p><p>The 13,703-square-foot parcel is being offered without an asking price on an all-cash basis. NAI Hiffman said MAB created value by demolishing the previously existing building, rezoning the site and securing permitting for a mixed-use, 55,000-square-foot office and retail asset with indoor parking.</p><p><strong>About NAI Hiffman</strong></p><p>Comprised of more than 160 real estate professionals, NAI Hiffman provides leasing, management, investment sales and capital markets representation for owners and occupiers of commercial real estate in the Chicago metro market. It currently leases and manages an 80+ million SF portfolio of over 700 commercial properties throughout metropolitan Chicago, Northwest Indiana and Southeast Wisconsin. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 400 offices strategically located throughout the world, with 7,000+ local market professionals, handling over $20 billion in transaction value and managing 425+ million SF of property. For more information, please visit <a href="http://www.naihiffman.com/">www.naihiffman.com</a>.</p><p>Featured in <a target="_blank" href="https://www.connect.media/fulton-district-parcel-comes-to-market/?utm_source=mlChicago&amp;utm_campaign=mlChicago-2018-08-10_14:00-New_Home_Sales_Drop_Y_O_Y_in_Chicago_Region&amp;utm_medium=email&amp;utm_term=chicago-news%20downtown%20land%20sale&amp;utm_content=New_Home_Sales_Drop_Y_O_Y_in_Chicago_Region&amp;pid=0ac29305-235f-4614-b49f-fc6dcd8bcb6f">Connect Chicago</a></p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?a=0KAhotdXFEc:-t9LtfleM8Y:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?d=yIl2AUoC8zA" border="0"></img></a> </div> Wed, 15 Aug 2018 14:48:19 Z NAI Hiffman Fulton District Parcel Comes to Market https://www.hiffmanblog.com/blog/2018/8/15 2018-08-15 14:48 +00:00 2018-08-15 09:48 -05:00 50b4f61de4b0699441ebf315:51754a18e4b0280270e59fdd:5b6c48f94ae237542f21f0a4 http://feedproxy.google.com/~r/NaiHiffmanBlog/~3/YXg1A2BwJEA/22-1-xgb36-xakmw REmark Research Suburban Chicago Leasing Velocity <p>NAI Hiffman Research tracked tenant movements of 10,000 square feet and greater over the last two years in the suburban office market. Professional &amp; Business Services led the way with nearly 50% of total leasing activity. Professional and Business Services is a wide-ranging sector that includes everything from law offices, computer systems design, engineering and architectural services to company headquarters, temporary help firms, call centers, janitorial and landscaping services.</p> <a href="https://www.hiffmanblog.com/s/NAI-REmark-080918v5.pdf" > <img class="thumb-image" alt="NAI-REmark-080918v5.png" data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5b6c49a40ebbe85efff41156/1535059042072/NAI-REmark-080918v5.png" data-image-dimensions="1530x1530" data-image-focal-point="0.5,0.5" data-load="false" data-image-id="5b6c49a40ebbe85efff41156" data-type="image" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5b6c49a40ebbe85efff41156/1535059042072/NAI-REmark-080918v5.png?format=1000w" /> </a> <hr /><h3 class="text-align-center">Want to know more? Contact:</h3><p class="text-align-center"><strong>Amanda Ortiz</strong><br />Director of Research<br /><a 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=YXg1A2BwJEA:55E3aYMA9ZI:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?d=yIl2AUoC8zA" border="0"></img></a> </div> Thu, 09 Aug 2018 14:08:04 Z NAI Hiffman Suburban Chicago Leasing Velocity https://www.hiffmanblog.com/blog/2018/3/22-1-xgb36-xakmw 2018-08-09 14:08 +00:00 2018-08-09 09:08 -05:00 50b4f61de4b0699441ebf315:51754a18e4b0280270e59fdd:5b6b5d908a922d49cd709a07 http://feedproxy.google.com/~r/NaiHiffmanBlog/~3/0EiPIGK9LMY/8-1 Investment MAB Capital selling site of once-planned Fulton Market office complex <p><strong>CHICAGO, IL (August 8, 2018)&nbsp;–&nbsp;</strong> MAB Capital Management wants to sell a Fulton Market site where it once planned a five-story office building with ground-floor retail.</p><p>The Chicago-based firm led by Marc Bushala is looking to cash out on the property at 450 North Morgan Street as other developers continue to bet big on <a target="_blank" href="https://therealdeal.com/chicago/tag/fulton-market/">Fulton Market</a>, particularly for office projects.</p><p>MAB bought the parcel in 2015 for $1.9 million, according to Cook County property records. It then demolished the former Northwest Meats complex in preparation for its planned five-story, 52,000-square-foot building.</p><p>MAB even secured a building permit for the project last year, pegging its cost at $8.5 million in the application. It would have included a second-floor parking garage for 35 vehicles and two rooftop decks, Curbed reported at the time.</p><p>Now MAB has hired NAI Hiffman to market the 14,000-square-foot property to potential buyers.</p><p>The brokerage said the site is being offered without an asking price on an all-cash basis. NAI Hiffman marketing materials note the building permit is valid through the end of next year, with possible extensions, and that MAB secured a zoning change on the property for it. The site allows for a floor area ratio of up to 3.5.</p><p>NAI Hiffman’s Lawrence Much and Ted Staszak are handling the listing.</p><p>A slew of new office space is coming to Fulton Market, including <a target="_blank" href="https://therealdeal.com/chicago/2018/07/02/sterling-bay-cleared-to-build-19-story-fulton-market-office-tower/">1.7 million square feet</a> that Sterling Bay is developing on Green Street, along with other projects from <a target="_blank" href="https://therealdeal.com/chicago/2018/05/02/knoll-blackedge-capital-sign-leases-in-shapack-building-in-fulton-market/">Shapack Partners</a>, <a target="_blank" href="https://therealdeal.com/chicago/2018/06/11/goodmans-12-story-office-building-would-add-to-booming-fulton-market/">Mark Goodman &amp; Associates</a>, and other developers.</p><p><strong>About NAI Hiffman</strong></p><p>Comprised of more than 160 real estate professionals, NAI Hiffman provides leasing, management, investment sales and capital markets representation for owners and occupiers of commercial real estate in the Chicago metro market. It currently leases and manages an 80+ million SF portfolio of over 700 commercial properties throughout metropolitan Chicago, Northwest Indiana and Southeast Wisconsin. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 400 offices strategically located throughout the world, with 7,000+ local market professionals, handling over $20 billion in transaction value and managing 425+ million SF of property. For more information, please visit <a href="http://www.naihiffman.com/">www.naihiffman.com</a>.</p><p><br />Featured in <a target="_blank" href="https://therealdeal.com/chicago/2018/08/08/mab-capital-selling-site-of-once-planned-fulton-market-office-complex/">The Real Deal</a></p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?a=0EiPIGK9LMY:foZ1RrsZ3kg:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?d=yIl2AUoC8zA" border="0"></img></a> </div> Wed, 08 Aug 2018 21:23:38 Z NAI Hiffman MAB Capital selling site of once-planned Fulton Market office complex https://www.hiffmanblog.com/blog/2018/8/8-1 2018-08-08 21:23 +00:00 2018-08-08 16:23 -05:00 50b4f61de4b0699441ebf315:51754a18e4b0280270e59fdd:5b6b4a636d2a730c58310cca http://feedproxy.google.com/~r/NaiHiffmanBlog/~3/ZceQ_BfZDn8/8 Office Plans in place to renovate Butterfield Office Plaza <p><strong>OAK BROOK, IL (August 8, 2018) –</strong> Clear Height Properties and its JV partner Corcoran Commercial Real Estate, have launched the renovation and repositioning plans for 26Twentyfive, formerly known as Butterfield Office Plaza which was acquired in July.</p><p>In conjunction with the launching of that program, the partnership has retained Oakbrook Terrace-based NAI Hiffman to lead the rebrand of the property and manage and lease the building. Executive Vice President Dan O'Neill, Senior Vice President Adam Johnson and Associate Ryan Maher of NAI Hiffman have been retained by the new owner to lead the leasing efforts. In doing so, the NAI team will leverage a modern brand, new name and website while differentiating the project from the many office centers, plazas and parks in the greater Oak Brook area.</p><p>2625 Butterfield is a 200,774 square-foot, multi-story office building situated on 10 acres with premier visibility from the I-88 Tollway. The property has office spaces available for lease ranging in sizes from 700 to 9,000 square feet.</p><p>"26Twentyfive, is an exciting endeavor for us," said Dominic Sergi, CEO and president of Clear Height Properties. "We are excited to reposition this asset into a new modern workplace environment that will inspire users of various sizes."</p><p>A robust capital and redevelopment plan has been established for the asset in the coming months. Chief among the priorities for the renovated and repositioned 26Twentyfive include further amentizing the asset with the addition of modern conference facilities, fitness center, refreshed entrance, lobby and expanded Wi-Fi lounge.</p><p>"The amenity race isn't just for trophy, class A assets anymore. Businesses looking to attract a multigenerational workforce while providing a premier location for its employees and clients is important more now than ever," Johnson said. "We are excited to work with Clear Height Properties to breathe new life into a well-located office asset, with outstanding, untapped potential."</p><p><strong>About NAI Hiffman</strong></p><p>Comprised of more than 160 real estate professionals, NAI Hiffman provides leasing, management, investment sales and capital markets representation for owners and occupiers of commercial real estate in the Chicago metro market. It currently leases and manages an 80+ million SF portfolio of over 700 commercial properties throughout metropolitan Chicago, Northwest Indiana and Southeast Wisconsin. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 400 offices strategically located throughout the world, with 7,000+ local market professionals, handling over $20 billion in transaction value and managing 425+ million SF of property. For more information, please visit <a href="http://www.naihiffman.com/">www.naihiffman.com</a>.</p><p>Featured in <a target="_blank" href="https://www.dailyherald.com/business/20180808/plans-in-place-to-renovate-butterfield-office-plaza">Daily Herald</a></p><p> </p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?a=ZceQ_BfZDn8:mKpPrfDGd3Q:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?d=yIl2AUoC8zA" border="0"></img></a> </div> Wed, 08 Aug 2018 20:01:23 Z NAI Hiffman Plans in place to renovate Butterfield Office Plaza https://www.hiffmanblog.com/blog/2018/8/8 2018-08-08 20:01 +00:00 2018-08-08 15:01 -05:00 50b4f61de4b0699441ebf315:51754a18e4b0280270e59fdd:5b630b7b1ae6cf5b1261ffc1 http://feedproxy.google.com/~r/NaiHiffmanBlog/~3/nyFiFd9V3vo/2 NAI Hiffman’s Chris Gary represents Skender in new long-term industrial lease <p><strong>CHICAGO, IL (July 24, 2018)</strong> – NAI Hiffman is proud to announce it has represented Skender in a new 105,560 square-foot industrial lease at 3348 South Pulaski Road in Chicago.</p><p>After 60 years in the business, Skender has recently undergone vast rebranding: a name change, the acquisition of a digital boutique design firm, and the arrival of two new leaders for the company’s design and technology offerings. These steps were taken in an effort to focus on the manufacturing business in Chicago – specifically, the manufacturing of modular buildings. Mark Skender, the company’s CEO, began a pursuit for a large industrial building that offers the space needed to develop business.</p><p>The industrial space Skender will occupy is a brand new development with immediate access to the I-55 expressway and a 15 minute drive to the Loop. In addition to the access of major Chicago resources, 3348 South Pulaski is minutes from four of Chicago’s ten intermodal freight yards that process 50% of the total rail freight in the nation. This location will allow Skender to not only compete in the Chicago manufacturing market, but across the country.</p><p>“I look forward to seeing where Skender goes next. It’s exciting to see a company so invigorated by changing markets. This large space will suit them well in the growth and development they are pursuing,” said NAI Hiffman Executive Vice President Chris Gary who represented Skender in the transaction with PRII Pulaski Industrial, LLC.</p><p><strong>About NAI Hiffman</strong></p><p>Comprised of more than 160 real estate professionals, NAI Hiffman provides leasing, management, investment sales and capital markets representation for owners and occupiers of commercial real estate in the Chicago metro market. It currently leases and manages an 80+ million SF portfolio of over 700 commercial properties throughout metropolitan Chicago, Northwest Indiana and Southeast Wisconsin. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 400 offices strategically located throughout the world, with 7,000+ local market professionals, handling over $20 billion in transaction value and managing 425+ million SF of property. For more information, please visit <a href="http://www.naihiffman.com/">www.naihiffman.com</a>.</p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?a=nyFiFd9V3vo:S0GSai-iVBA:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?d=yIl2AUoC8zA" border="0"></img></a> </div> Thu, 02 Aug 2018 20:14:44 Z NAI Hiffman NAI Hiffman’s Chris Gary represents Skender in new long-term industrial lease https://www.hiffmanblog.com/blog/2018/8/2 2018-08-02 20:14 +00:00 2018-08-02 15:14 -05:00 50b4f61de4b0699441ebf315:51754a18e4b0280270e59fdd:5b60fa4b88251b6b0fc04b2f http://feedproxy.google.com/~r/NaiHiffmanBlog/~3/n9eYgG1jjJE/31 Office Press Release Aldi expands corporate footprint in Naperville <p><strong>NAPERVILLE, IL (July 31, 2018)&nbsp;</strong><strong>–&nbsp;</strong>The discount retailer will continue to operate its headquarters in Batavia and will lease additional space at 1000-1100 East Warrenville Road in Naperville, also known as the Naperville Woods Office Center.</p><p>The quickly growing retailer said it will lease about 113,000 square feet of space at the office center, representing 80 percent of the space vacated by Health Care Service Corp.</p><p></p><p>Aldi said last year it would invest $3.4 billion to expand its U.S. store base from more than 1,700 currently to 2,500 by 2022. The company did not immediately respond Tuesday to requests about the corporate expansion or how many people will work in Naperville.</p><p></p><p>Health Care Service Corp., a national insurance organization that provides health insurance services for more than 15 million customers, will lease about 32,000 square feet of space at the office center. Though this is an overall reduction in its footprint, Health Care Service Corp. maintains its position as Naperville Woods' largest tenant with a total occupancy of about 175,000 square feet.</p><p></p><p>NAI Hiffman was retained by Agellan Commercial REIT in 2015 to lease and manage the two properties, which have about 490,000 square feet. Since then, the properties were updated with an on-site concierge service, new food service operation, fitness center, tenant lounges, electric vehicle charging stations and Zagster bike sharing.</p><p></p><p>"These two leases are truly the result of what can be achieved when ownership, management and leasing work together toward a common goal. We are extremely proud of the success we achieved as a team in this challenging market," said Pat Kiefer, NAI Hiffman executive vice president.</p><p></p><p>With the addition of these two transactions and lack of tenant expirations in the near future, Naperville Woods Office Center's availability rate is less than 2 percent, making it one of the most stable class A assets on the western end of the east-west corridor area, the companies said.</p><p><strong>About NAI Hiffman</strong></p><p>Comprised of more than 160 real estate professionals, NAI Hiffman provides leasing, management, investment sales and capital markets representation for owners and occupiers of commercial real estate in the Chicago metro market. It currently leases and manages an 80+ million SF portfolio of over 700 commercial properties throughout metropolitan Chicago, Northwest Indiana and Southeast Wisconsin. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 400 offices strategically located throughout the world, with 7,000+ local market professionals, handling over $20 billion in transaction value and managing 425+ million SF of property. For more information, please visit <a href="http://www.naihiffman.com/">www.naihiffman.com</a>.</p><p>Featured in <a target="_blank" href="https://www.dhbusinessledger.com/business/20180731/aldi-expands-corporate-footprint-in-naperville">Daily Herald</a></p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?a=n9eYgG1jjJE:2mR-tsj5rvo:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?d=yIl2AUoC8zA" border="0"></img></a> </div> Wed, 01 Aug 2018 00:35:45 Z NAI Hiffman Aldi expands corporate footprint in Naperville https://www.hiffmanblog.com/blog/2018/7/31 2018-08-01 00:35 +00:00 2018-07-31 19:35 -05:00 50b4f61de4b0699441ebf315:51754a18e4b0280270e59fdd:5b4df31103ce64a718d63070 http://feedproxy.google.com/~r/NaiHiffmanBlog/~3/v5uZbnXU4oU/17 Industrial The transformation of 990 North Avenue: Duke Realty's newest industrial development <p>Construction is underway on Duke Realty's new 183,296 square-foot industrial development in Glendale Heights, Illinois. Watch the video below to see the progress made to date and the future of this property.&nbsp;</p><p>For information, please contact:&nbsp;</p><p>Kelly Disser | kdisser@hiffman.com | 630 317 0721</p><p>Eric Tresslar | etresslar@hiffman.com | 630 693 0650</p><p>Michael Freitag | mfreitag@hiffman.com | 630 693 0652</p><iframe scrolling="no" allowfullscreen="" src="//www.youtube.com/embed/7ZgVktyPE3o?wmode=opaque&amp;enablejsapi=1" width="854" frameborder="0" height="480"> </iframe><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?a=v5uZbnXU4oU:vhb8l5SGlZ0:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?d=yIl2AUoC8zA" border="0"></img></a> </div> Tue, 17 Jul 2018 17:44:56 Z NAI Hiffman The transformation of 990 North Avenue: Duke Realty's newest industrial development https://www.hiffmanblog.com/blog/2018/7/17 2018-07-17 17:44 +00:00 2018-07-17 12:44 -05:00 50b4f61de4b0699441ebf315:51754a18e4b0280270e59fdd:5b466c521ae6cf62fa35863b http://feedproxy.google.com/~r/NaiHiffmanBlog/~3/5LmKeiaqiMo/11-4amx9 Research Market Peek Industrial Office Second Quarter 2018 Market Peek <html><head><title>Second Quarter 2018 Market Peek</title></head><br /> <body rightmargin="0" leftmargin="0" topmargin="0"><meta name="x-apple-disable-message-reformatting"/>A First Look at Chicagoland Real Estate Statistics <table border="0" cellpadding="0" width="100%" cellspacing="0"><tr><td><img alt="" width="1" height="5" hspace="0" vspace="0" border="0" src="https://imgssl.constantcontact.com/letters/images/sys/S.gif"/></td><td width="600" valign="top" align="center"><table border="0" cellpadding="0" width="100%" cellspacing="0"><tr><td valign="top" align="center"><font face="verdana,arial" size="1" color="#000000"><center><table bgcolor="#ffffff" width="595" id="VWPLINK"><tr><td colspan="1" rowspan="1" width="100%">Having trouble viewing this email? <a track="off" shape="rect" href="http://campaign.r20.constantcontact.com/render?m=1110957924043&amp;ca=ddd63f03-3112-4ca2-8ede-d028418b6d34" target="_blank">Click here </a></td></tr></table></center></font></td></tr></table></td><td><img alt="" width="1" height="5" hspace="0" vspace="0" border="0" src="https://imgssl.constantcontact.com/letters/images/sys/S.gif"/></td></tr></table> <table border="0" bgcolor="#F1EDEE" cellpadding="0" width="100%" cellspacing="0" class="OuterBGColor"> <tr> <td colspan="1" rowspan="1" valign="top" align="center" class="Body"> <table border="0" cellpadding="0" width="100%" cellspacing="0" class="TopMarginBGColor"> <tr> <td colspan="1" rowspan="1" width="100%" valign="top" align="center"> <table border="0" cellpadding="0" width="1" cellspacing="0" class="TopMarginWidth"> <tr> <td colspan="1" rowspan="1" width="100%" valign="top" align="center" class="TopMargin"> </td> </tr> </table> </td> </tr> </table> <table border="0" cellpadding="0" width="1" cellspacing="0" class="MainWidth"> <tr> <td colspan="1" rowspan="1" valign="top" align="center" class="OuterBorderBGColor OuterBorder"> <table border="0" bgcolor="#FFFFFF" cellpadding="0" width="100%" cellspacing="0" class="InnerBGColor"> <tr> <td colspan="1" rowspan="1" valign="top" align="center"> <table border="0" cellpadding="0" width="100%" cellspacing="0"> <tr> <td colspan="1" rowspan="1" width="100%" valign="top" align="center" class="Top"> <table border="0" cellpadding="0" width="100%" cellspacing="0"> <tr> <td colspan="1" rowspan="1" valign="top" align="center" class="Spacer" height="1"><img height="1" vspace="0" border="0" hspace="0" width="5" alt="" src="http://img.constantcontact.com/letters/images/sys/S.gif"/></td> </tr> </table><table border="0" cellpadding="0" width="100%" cellspacing="0"> <tr> <td colspan="1" rowspan="1" valign="top" align="center" class="Spacer" height="1"><img height="1" vspace="0" border="0" hspace="0" width="5" alt="" src="http://img.constantcontact.com/letters/images/sys/S.gif"/></td> </tr> </table></td> </tr> </table> <table border="0" cellpadding="0" width="100%" cellspacing="0"> <tr> <td colspan="1" rowspan="1" width="100%" valign="top" align="center" class="TopFullColumn"> <table border="0" cellpadding="0" width="100%" cellspacing="0" id="content_LETTER.BLOCK3"><tr><td colspan="1" rowspan="1" valign="top" align="left" class="MainText Content"> Second Quarter 2018 Market Peek &nbsp; </td></tr></table><table border="0" cellpadding="0" width="100%" cellspacing="0" id="content_LETTER.BLOCK4"><tr><td colspan="1" rowspan="1" valign="top" align="left" class="MainText Content"> <span>NAI Hiffman is pleased to present the Second Quarter 2018 Market Peek, a first look at the market statistics for the Chicago metropolitan office and industrial real estate markets.</span> </td></tr></table> <table border="0" cellpadding="0" width="100%" cellspacing="0" id="content_LETTER.BLOCK5"><tr><td colspan="1" rowspan="1" valign="top" class="MainText Image"><br /> <a class="imgCaptionAnchor" track="on" href="http://www.hiffman.net/CC/marketpeek/2Q2018/ticker2Q2018.gif" shape="rect" alt="http://www.hiffman.net/CC/marketpeek/2Q2018/ticker2Q2018.gif" target="_blank"><img height="74" vspace="0" border="0" hspace="0" width="575" class="cc-image-resize" src="https://ui.constantcontact.com/rnavmap/tip/dispatcher?origImg=http://www.hiffman.net/CC/marketpeek/2Q2018/ticker2Q2018.gif" /></a></td></tr></table><table border="0" cellpadding="0" width="100%" cellspacing="0"> <tr> <td colspan="1" rowspan="1" valign="top" align="center" class="Spacer" height="1"><img height="1" vspace="0" border="0" hspace="0" width="5" alt="" src="https://imgssl.constantcontact.com/letters/images/sys/S.gif" /></td> </tr> </table><table border="0" cellpadding="0" width="100%" cellspacing="0" id="content_LETTER.BLOCK7"><tr><td colspan="1" rowspan="1" valign="top" align="left" class="MainText Content"> Industrial: Speculative Construction Deliveries Cause Vacancy Increase </td></tr></table><table border="0" cellpadding="0" width="100%" cellspacing="0" id="content_LETTER.BLOCK8" class=""><tr><td colspan="1" rowspan="1" valign="top" align="left" class="MainText Content"> <span> <ul><li>Five speculative facilities totaling nearly 3.0 million square feet (msf) delivered during the second quarter, causing an uptick in the overall vacancy rate to 6.15 percent. Two of those deliveries were over 1.0 msf, and both are located in the I-80/Joliet Corridor. A total of 4.8 msf, including 1.8 msf of pre-leased assets, was delivered second quarter, bringing the mid-year total to 7.1 msf, 30.6 percent lower than the 10.3 msf delivered at the same time last year. The largest delivery was a 1.3 msf build-to-suit facility for IKEA located in Joliet.</li><br /><li> A total of 12.4 msf remained under development, with 83.9 percent of those projects under construction on a speculative basis. For the first time since the third quarter of 2014, the I-55 Corridor topped the I-80/Joliet Corridor in terms of buildings under construction with 2.2 msf under construction, compared to I-80's 1.7 msf. </li><br /><li> <p>Net absorption totaled nearly 3.0 msf second quarter with companies RJW Transport in Bolingbrook and Woodridge (762,000 sf - in two separate leases), Dart Container in North Aurora (430,000 sf), Uline in Pleasant Prairie (417,000 sf), and Costco in Morris (256,000 sf) all taking occupancy during the quarter.</p> </li></ul> </span> </td></tr></table><table border="0" cellpadding="0" width="100%" cellspacing="0" id="content_LETTER.BLOCK9"><tr><td colspan="1" rowspan="1" valign="top" align="center" class="MainText Image"><br /> <a class="imgCaptionAnchor" track="on" href="http://www.hiffman.net/CC/marketpeek/2Q2018/Industrial-2Q2018.gif" shape="rect" alt="http://www.hiffman.net/CC/marketpeek/2Q2018/Industrial-2Q2018.gif" target="_blank"><img height="257" vspace="0" border="0" hspace="0" width="372" class="cc-image-resize" src="https://ui.constantcontact.com/rnavmap/tip/dispatcher?origImg=http://www.hiffman.net/CC/marketpeek/2Q2018/Industrial-2Q2018.gif" /></a></td></tr></table><table border="0" cellpadding="0" width="100%" cellspacing="0"> <tr> <td colspan="1" rowspan="1" valign="top" align="center" class="Spacer" height="1"><img height="1" vspace="0" border="0" hspace="0" width="5" alt="" src="https://imgssl.constantcontact.com/letters/images/sys/S.gif" /></td> </tr> </table><table border="0" cellpadding="0" width="100%" cellspacing="0" id="content_LETTER.BLOCK11"><tr><td colspan="1" rowspan="1" valign="top" align="left" class="SubtitleText Subtitle"> <table cellpadding="3" cellspacing="0" align="center"><tr><td colspan="1" rowspan="1" class="mceSelected"><br /></td><td colspan="1" rowspan="1" class="mceSelected"> <strong><a track="on" shape="rect" href="http://www.hiffman.net/CC/marketpeek/2Q2018/NAI-Hiffman-Industrial-2Q18.pdf" linktype="1" alt="http://www.hiffman.net/CC/marketpeek/2Q2018/NAI-Hiffman-Industrial-2Q18.pdf" target="_blank">DOWNLOAD INDUSTRIAL MARKET PEEK</a>&nbsp;</strong> </td><td colspan="1" rowspan="1" /></tr></table> </td></tr></table><table border="0" cellpadding="0" width="100%" cellspacing="0"> <tr> <td colspan="1" rowspan="1" valign="top" align="center" class="Spacer" height="1"><img height="1" vspace="0" border="0" hspace="0" width="5" alt="" src="https://imgssl.constantcontact.com/letters/images/sys/S.gif" /></td> </tr> </table><table border="0" cellpadding="0" width="100%" cellspacing="0"> <tr> <td colspan="1" rowspan="1" class="ContentDividerPadding"> <table border="0" cellpadding="0" width="100%" cellspacing="0"> <tr> <td colspan="1" bgcolor="#BDBDBD" rowspan="1" align="center" class="ContentDivider ContentDividerColor" height="1"><img height="1" vspace="0" border="0" hspace="0" width="5" alt="" src="https://imgssl.constantcontact.com/letters/images/sys/S.gif" /></td> </tr> </table> </td> </tr> </table><table border="0" cellpadding="0" width="100%" cellspacing="0" id="content_LETTER.BLOCK14"><tr><td colspan="1" rowspan="1" valign="top" align="left" class="MainText Content"> <span>Office: Suburbs Achieve Strong Quarterly Net Absorption; CBD Vacancy Increases with West Loop Speculative Office Delivery</span> </td></tr></table><table border="0" cellpadding="0" width="100%" cellspacing="0" id="content_LETTER.BLOCK38"><tr><td colspan="1" rowspan="1" valign="top" align="left" class="TitleText Title"> <b>SUBURBS</b> </td></tr></table><table border="0" cellpadding="0" width="100%" cellspacing="0" id="content_LETTER.BLOCK16" class=""><tr><td colspan="1" rowspan="1" valign="top" align="left" class="MainText Content"> <span> <ul><li>Only one speculative office project is under construction in the suburbs, which is expected to bring over 43,000 square feet (sf) to the I-55 Corridor submarket. Due to the lack of new construction and deliveries in the suburbs, total overall vacancy continued to decrease 73 basis points, to 18.37 percent in the second quarter. Average asking rents increased for both Class A and Class B office spaces, to $26.90 and $19.16, respectively.</li><br /><li> Although leasing activity was down slightly from last quarter, net absorption in the second quarter more than doubled over the previous quarter to nearly 330,000 sf, bringing the year-to-date total net absorption to 490,000 sf. Available space was down slightly in all building classes for the quarter. </li></ul> </span> </td></tr></table><table border="0" cellpadding="0" width="100%" cellspacing="0" id="content_LETTER.BLOCK17"><tr><td colspan="1" rowspan="1" valign="top" align="center" class="MainText Image"><br /> <a class="imgCaptionAnchor" track="on" href="http://www.hiffman.net/CC/marketpeek/2Q2018/Suburbs-2Q2018.gif" shape="rect" alt="http://www.hiffman.net/CC/marketpeek/2Q2018/Suburbs-2Q2018.gif" target="_blank"><img height="257" vspace="0" border="0" hspace="0" width="372" class="cc-image-resize" src="https://ui.constantcontact.com/rnavmap/tip/dispatcher?origImg=http://www.hiffman.net/CC/marketpeek/2Q2018/Suburbs-2Q2018.gif" /></a></td></tr></table><table border="0" cellpadding="0" width="100%" cellspacing="0" id="content_LETTER.BLOCK39"><tr><td colspan="1" rowspan="1" valign="top" align="left" class="TitleText Title"> <b>CBD</b> </td></tr></table><table border="0" cellpadding="0" width="100%" cellspacing="0" id="content_LETTER.BLOCK19"><tr><td colspan="1" rowspan="1" valign="top" align="left" class="MainText Content"> <span> <ul><li>The CBD vacancy rate increased 71 basis points over last quarter as the market gave back more than 207,000 sf of space. 151 N Franklin Street delivered 807,000 sf of Class A office space to the West Loop submarket, causing vacancy and availability to increase slightly. Despite the negative absorption witnessed in the second quarter, some large moves dictated these trends, including CNA downsizing from approximately 572,000 sf in the East Loop to 298,000 sf in the West Loop.</li><br /><li> Over 4.0 msf of office space is currently under construction in the Central Business District, with most of the construction occurring in the West Loop Submarket. The most notable project is The Old Post Office redevelopment, which will bring roughly 2.7 msf of office to the West Loop when complete. Walgreens has already inked 200,000 sf at the building. </li></ul> </span> </td></tr></table><table border="0" cellpadding="0" width="100%" cellspacing="0" id="content_LETTER.BLOCK20"><tr><td colspan="1" rowspan="1" valign="top" align="center" class="MainText Image"><br /> <a class="imgCaptionAnchor" track="on" shape="rect" href="http://www.hiffman.net/CC/marketpeek/2Q2018/CBD-2Q2018.gif" alt="http://www.hiffman.net/CC/marketpeek/2Q2018/CBD-2Q2018.gif" target="_blank"><img height="257" vspace="0" border="0" hspace="0" width="372" class="cc-image-resize" src="https://ui.constantcontact.com/rnavmap/tip/dispatcher?origImg=http://www.hiffman.net/CC/marketpeek/2Q2018/CBD-2Q2018.gif" /></a></td></tr></table><table border="0" cellpadding="0" width="100%" cellspacing="0"> <tr> <td colspan="1" rowspan="1" valign="top" align="center" class="Spacer" height="1"><img height="1" vspace="0" border="0" hspace="0" width="5" alt="" src="https://imgssl.constantcontact.com/letters/images/sys/S.gif" /></td> </tr> </table><table border="0" cellpadding="0" width="100%" cellspacing="0" id="content_LETTER.BLOCK22"><tr><td colspan="1" rowspan="1" valign="top" align="left" class="SubtitleText Subtitle"> <table cellpadding="3" cellspacing="0" align="center"><tr><td colspan="1" rowspan="1"><br /></td><td colspan="1" rowspan="1"> <strong><a track="on" shape="rect" href="http://www.Hiffman.net/CC/marketpeek/2Q2018/NAI-Hiffman-Office-2Q18.pdf" linktype="1" alt="http://www.Hiffman.net/CC/marketpeek/2Q2018/NAI-Hiffman-Office-2Q18.pdf" target="_blank">DOWNLOAD OFFICE MARKET PEEK&nbsp;</a></strong> </td><td colspan="1" rowspan="1" /></tr></table> </td></tr></table><table border="0" cellpadding="0" width="100%" cellspacing="0"> <tr> <td colspan="1" rowspan="1" valign="top" align="center" class="Spacer" height="1"><img height="1" vspace="0" border="0" hspace="0" width="5" alt="" src="http://img.constantcontact.com/letters/images/sys/S.gif"/></td> </tr> </table><table border="0" cellpadding="0" width="100%" cellspacing="0"> <tr> <td colspan="1" rowspan="1" class="ContentDividerPadding"> <table border="0" cellpadding="0" width="100%" cellspacing="0"> <tr> <td colspan="1" bgcolor="#BDBDBD" rowspan="1" align="center" class="ContentDivider ContentDividerColor" height="1"><img height="1" vspace="0" border="0" hspace="0" width="5" alt="" src="http://img.constantcontact.com/letters/images/sys/S.gif"/></td> </tr> </table> </td> </tr> </table><table border="0" cellpadding="0" width="100%" cellspacing="0" id="content_LETTER.BLOCK16"><tr><td colspan="1" rowspan="1" valign="top" align="left" class="MainText Content"> Learn More <br/></td></tr></table><table border="0" cellpadding="0" width="100%" cellspacing="0" id="content_LETTER.BLOCK26"><tr><td colspan="1" rowspan="1" valign="top" align="left" class="Content"> <table cellpadding="3" cellspacing="0" align="none"><tr><td colspan="1" rowspan="1"> <span>For further information regarding the content of this market peek or if you are interested in attending a custom market overview presentation, please contact:</span> <br/> <strong>AMANDA ORTIZ&nbsp;</strong><br/> Director of Research 630-693-0645 aortiz@hiffman.com </td></tr></table> </td></tr></table></td> </tr> </table> <table border="0" cellpadding="0" width="100%" cellspacing="0"> <tr> <td colspan="1" rowspan="1" valign="top" align="left" class="Middle"> <table border="0" cellpadding="0" width="100%" cellspacing="0"> <tr> <td colspan="1" bgcolor="#F1EDEE" rowspan="1" valign="top" align="center" class="SideColumnBGColor"> <table border="0" cellpadding="0" width="100%" cellspacing="0"> <tr> <td colspan="1" rowspan="1" width="100%" valign="middle" align="center" class="SideColumn"> </td> </tr> </table> <table border="0" cellpadding="0" width="1" cellspacing="0" class="SideColumnWidth"> <tr> <td colspan="1" rowspan="1" align="center"><img height="1" vspace="0" border="0" hspace="0" width="5" alt="" 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src="https://imgssl.constantcontact.com/letters/images/sys/S.gif"/></td></tr></table> </td> </tr> </table> </body> </html><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?a=5LmKeiaqiMo:_-Px_biSNJw:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?d=yIl2AUoC8zA" border="0"></img></a> </div> Wed, 11 Jul 2018 21:02:36 Z NAI Hiffman Second Quarter 2018 Market Peek https://www.hiffmanblog.com/blog/2018/4/11-4amx9 2018-07-11 21:02 +00:00 2018-07-11 16:02 -05:00 50b4f61de4b0699441ebf315:51754a18e4b0280270e59fdd:5b46266b8a922d6e7a46f735 http://feedproxy.google.com/~r/NaiHiffmanBlog/~3/LQu57rEIXio/11 Press Release Industrial NAI Hiffman represents YMI Group and Randall Metals Corporation in industrial sale <img class="thumb-image" alt="2483 Greenleaf_BldgPhoto.jpg" data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5b4626a670a6ad90b51a107a/1531324167577/2483+Greenleaf_BldgPhoto.jpg" data-image-dimensions="2500x1165" data-image-focal-point="0.5,0.5" data-load="false" data-image-id="5b4626a670a6ad90b51a107a" data-type="image" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5b4626a670a6ad90b51a107a/1531324167577/2483+Greenleaf_BldgPhoto.jpg?format=1000w" /> <p><strong>ELK GROVE VILLAGE, IL (July 11, 2018) –</strong> NAI Hiffman is proud to announce it has represented seller Randall Metals Corporation and buyer YMI Group in a 50,688 square-foot industrial sale transaction at 2483 Greenleaf Avenue in Elk Grove Village.</p><p>Two separate teams of agents from NAI Hiffman were responsible for the transaction. Senior Vice President Jason Wurtz, Vice President Terry Herlihy, and Associate Shane Murphy represented the seller, Randall Metals Corporation, while Executive Vice President Joe Bronson and Associate Brian Chandler represented the buyer, YMI Group.</p><p>Both entities operate mechanical construction businesses: YMI Group is a leader in HVAC Services, piping, sheet metal and plumbing services, while Randall Metals Corporation specializes in processing steel for the automotive, consumer, and commercial industries. In its new space, the YMI Group has big plans. It has already commissioned the construction of a custom 72-inch Slitter line with a 50,000-pound capacity that will accelerate its production. The machine will be installed at 2483 Greenleaf Avenue upon completion.</p><p><strong>About NAI Hiffman</strong></p><p>Comprised of more than 160 real estate professionals, NAI Hiffman provides leasing, management, investment sales and capital markets representation for owners and occupiers of commercial real estate in the Chicago metro market. It currently leases and manages an 80+ million SF portfolio of over 700 commercial properties throughout metropolitan Chicago, Northwest Indiana and Southeast Wisconsin. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 400 offices strategically located throughout the world, with 7,000+ local market professionals, handling over $20 billion in transaction value and managing 425+ million SF of property. For more information, please visit <a href="http://www.naihiffman.com">www.naihiffman.com</a>.</p><p>Featured in <a target="_blank" href="https://www.rejournals.com/getdoc/cd5b1bff-e34a-48a5-b03d-9942c2a0f69f/nai-hiffman-represents-ymi-group-and-randall-metal.aspx">RE Journals</a></p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?a=LQu57rEIXio:bSgg06B1k2I:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?d=yIl2AUoC8zA" border="0"></img></a> </div> Wed, 11 Jul 2018 15:49:45 Z NAI Hiffman NAI Hiffman represents YMI Group and Randall Metals Corporation in industrial sale https://www.hiffmanblog.com/blog/2018/7/11 2018-07-11 15:49 +00:00 2018-07-11 10:49 -05:00 50b4f61de4b0699441ebf315:51754a18e4b0280270e59fdd:5b3fd1d81ae6cfbb83bde1cd http://feedproxy.google.com/~r/NaiHiffmanBlog/~3/rXzGM5WbrKE/6 Office Press Release Aubrey Van Reken represents tenant in a new East-West Corridor lease <img class="thumb-image" alt="3.jpg" data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5b3fd20f1ae6cfbb83bdef2a/1530909215135/3.jpg" data-image-dimensions="2500x1522" data-image-focal-point="0.5,0.5" data-load="false" data-image-id="5b3fd20f1ae6cfbb83bdef2a" data-type="image" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5b3fd20f1ae6cfbb83bdef2a/1530909215135/3.jpg?format=1000w" /> <p><strong>OAKBROOK, IL (July 6, 2018) –</strong> NAI Hiffman is proud to announce it has represented Kriha Law Firm in a new lease for a 4,213 square-foot office space at Two TransAm Plaza Drive in Oak Brook.</p><p>Darcy Kriha, owner of Kriha Law Firm, practices educational law and provides preventative advice and proactive solutions for many Illinois school districts. In May 2018, Kriha decided to leave a Chicago law firm and advance her career by opening her own practice in Oak Brook. “It’s rewarding to know that Two TransAm Plaza provides such favorable lease terms and the quality office build-out Kriha needs to develop and grow her new practice,” said NAI Hiffman Vice President Aubrey Van Reken, who represented Kriha Law Firm in the transaction.</p><p><strong>About NAI Hiffman</strong></p><p>Comprised of more than 160 real estate professionals, NAI Hiffman provides leasing, management, investment sales and capital markets representation for owners and occupiers of commercial real estate in the Chicago metro market. It currently leases and manages an 80+ million SF portfolio of over 700 commercial properties throughout metropolitan Chicago, Northwest Indiana and Southeast Wisconsin. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 400 offices strategically located throughout the world, with 7,000+ local market professionals, handling over $20 billion in transaction value and managing 425+ million SF of property. For more information, please visit <a href="http://www.naihiffman.com">www.naihiffman.com</a></p><p>Featured in the <a target="_blank" href="http://www.dailyherald.com/business/20180707/nai-hiffman-represents-law-firm-in-oak-brook-lease">Daily Herald</a>&nbsp;and <a target="_blank" href="https://www.rejournals.com/nai-hiffman-reps-law-firm-in-oak-brook-office-lease-20180709">RE Journals</a></p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?a=rXzGM5WbrKE:sekQaFar8R0:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?d=yIl2AUoC8zA" border="0"></img></a> </div> Fri, 06 Jul 2018 20:33:58 Z NAI Hiffman Aubrey Van Reken represents tenant in a new East-West Corridor lease https://www.hiffmanblog.com/blog/2018/7/6 2018-07-06 20:33 +00:00 2018-07-06 15:33 -05:00 50b4f61de4b0699441ebf315:51754a18e4b0280270e59fdd:5b31128303ce64bcce505877 http://feedproxy.google.com/~r/NaiHiffmanBlog/~3/6gfBwpL13fM/25-1 Press Release Industrial Brian Colson completes two tenant representative deals on behalf of Heritage Travelware Ltd. <img class="thumb-image" alt="2300-2380Galvin.jpg" data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5b3115fd575d1feb24a2f207/1529943574864/2300-2380Galvin.jpg" data-image-dimensions="2500x1760" data-image-focal-point="0.5,0.5" data-load="false" data-image-id="5b3115fd575d1feb24a2f207" data-type="image" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5b3115fd575d1feb24a2f207/1529943574864/2300-2380Galvin.jpg?format=1000w" /> <p><strong>ELGIN, IL (June 25, 2018) –</strong> NAI Hiffman is pleased to announce that Executive Vice President Brian Colson has completed two lease transactions as the tenant representative of Heritage Travelware Ltd. in Elgin. Heritage Travelware Ltd. is a worldwide supplier of travel goods that has been located in the Northwest Suburbs of Chicago since 1983.</p><p>In the first transaction, Heritage signed a lease extension at 2500-2520 Northwest Parkway in Elgin, where it currently occupies 151,346 square feet as its main headquarters. &nbsp;2500-2520 Northwest Parkway is an industrial property featuring 19 exterior truck docks and easy access to the Interstate 90-Randall Road interchange.</p><p>In the second transaction, Heritage signed a new 69,175 lease at 2300-2380 Galvin Drive, which will act as an additional distribution center for the organization. Also located in the I-90 Northwest submarket, 2300-2380 Galvin Drive is an industrial property that features 6 exterior docks, four drive-in doors and 32’ clear height.</p><p>Lee &amp; Associates of Illinois’ Steven Bass represented ownership in both transactions.</p><p><strong>About NAI Hiffman</strong></p><p>Comprised of more than 160 real estate professionals, NAI Hiffman provides leasing, management, investment sales and capital markets representation for owners and occupiers of commercial real estate in the Chicago metro market. It currently leases and manages an 80+ million SF portfolio of over 700 commercial properties throughout metropolitan Chicago, Northwest Indiana and Southeast Wisconsin. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 400 offices strategically located throughout the world, with 7,000+ local market professionals, handling over $20 billion in transaction value and managing 425+ million SF of property. For more information, please visit <a href="http://www.naihiffman.com">www.naihiffman.com</a>.</p><p><strong>About Heritage Travelware</strong></p><p>Heritage Travelware, Ltd. Is a privately held company headquartered in the Northern Suburbs of Chicago, Illinois. Heritage has been in the business case and travel goods industry since 1983 and prides itself on having the right mix of skillful employees, designers, and factories to be able to develop product to satisfy a wide range of customers and their needs. For more information, please visit <a href="www.heritagetravelware.com">www.heritagetravelware.com</a></p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?a=6gfBwpL13fM:VuJ64NSX8ew:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?d=yIl2AUoC8zA" border="0"></img></a> </div> Mon, 25 Jun 2018 16:21:31 Z NAI Hiffman Brian Colson completes two tenant representative deals on behalf of Heritage Travelware Ltd. https://www.hiffmanblog.com/blog/2018/6/25-1 2018-06-25 16:21 +00:00 2018-06-25 11:21 -05:00 50b4f61de4b0699441ebf315:51754a18e4b0280270e59fdd:5b311414aa4a99722487329f http://feedproxy.google.com/~r/NaiHiffmanBlog/~3/86epJfR_fwM/25-2 Press Release Industrial Chris Gary represents Glen Una Properties in two lease transactions <img class="thumb-image" alt="Gary, Chris-072017.jpg" data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5b3115820e2e7287428b1ed9/1529943433278/Gary%2C+Chris-072017.jpg" data-image-dimensions="1680x2240" data-image-focal-point="0.5,0.5" data-load="false" data-image-id="5b3115820e2e7287428b1ed9" data-type="image" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5b3115820e2e7287428b1ed9/1529943433278/Gary%2C+Chris-072017.jpg?format=1000w" /> <p><strong>CHICAGO, IL (June 25, 2018) – </strong>NAI Hiffman is proud to announce that Executive Vice President Chris Gary has assisted in two lease expansions on behalf of ownership, Glen Una Properties. Both transactions occurred within the Calumet Business Center in Chicago. The property features direct Class 1 rail service and has an ideal location within the Chicago South submarket. The complex spans more than 2 million square feet within 12 different buildings. These transactions bring the complex to 100% occupancy.</p><p>In the first transaction, Berkshire Refrigerated Warehousing completed a lease renewal and expansion at 1400 E 97th Street in Chicago. Berkshire Refrigerated Warehousing provides freight management solutions for refrigerated products. It will now occupy 90,624 square feet at the building. NAI Hiffman was the sole broker on the transaction.</p><p>In the second transaction, a private food and agriculture organization completed a 72,000 square-foot lease expansion at 1400-1550 E 98th Place in Chicago. It will now occupy over 430,000 square feet at Calumet Business Center.</p><p><strong>About NAI Hiffman</strong></p><p>Comprised of more than 160 real estate professionals, NAI Hiffman provides leasing, management, investment sales and capital markets representation for owners and occupiers of commercial real estate in the Chicago metro market. It currently leases and manages an 80+ million SF portfolio of over 700 commercial properties throughout metropolitan Chicago, Northwest Indiana and Southeast Wisconsin. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 400 offices strategically located throughout the world, with 7,000+ local market professionals, handling over $20 billion in transaction value and managing 425+ million SF of property. For more information, please visit <a href="http://www.naihiffman.com">www.naihiffman.com</a>.</p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?a=86epJfR_fwM:rJQbsYoGLrs:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?d=yIl2AUoC8zA" border="0"></img></a> </div> Mon, 25 Jun 2018 16:17:25 Z NAI Hiffman Chris Gary represents Glen Una Properties in two lease transactions https://www.hiffmanblog.com/blog/2018/6/25-2 2018-06-25 16:17 +00:00 2018-06-25 11:17 -05:00 50b4f61de4b0699441ebf315:51754a18e4b0280270e59fdd:5b310eca352f536915beec8c http://feedproxy.google.com/~r/NaiHiffmanBlog/~3/RFcYOAwgwus/25 Office Press Release NAI Hiffman completes leasing and sale of Naperville office building <img class="thumb-image" alt="1891-bp cs-blue.jpg" data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5b310f11f950b7a50f967b52/1529941784839/1891-bp+cs-blue.jpg" data-image-dimensions="2477x1292" data-image-focal-point="0.5,0.5" data-load="false" data-image-id="5b310f11f950b7a50f967b52" data-type="image" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5b310f11f950b7a50f967b52/1529941784839/1891-bp+cs-blue.jpg?format=1000w" /> <p><strong>NAPERVILLE, IL (June 25, 2018) –</strong> NAI Hiffman is pleased to announce the recent sale of 1891 Bay Scott Circle in Naperville. The NAI Hiffman team of Executive Vice President Kelly Disser, Senior Vice President Adam Johnson, and Vice President Ryan Chambers represented the seller, JBMT, LLC, in the transaction. Johnson is incredibly proud of NAI Hiffman’s work leading up to the sale. “We were originally tasked with assisting ownership with the lease-up of three vacant spaces, which were completed quickly. This leasing success allowed us to sell a stabilized asset in a small office park with a historically high occupancy rate, which helped first attract the Buyer.”</p><p>Taciturnus Investments, Ltd. purchased the 9,972-square-foot property from JBMT, LLC to increase its west suburban portfolio.&nbsp; Ellsworth Partners LLC represented Taciturnus Investments, Ltd. in the acquisition.</p><p><strong>About NAI Hiffman</strong></p><p>Comprised of more than 160 real estate professionals, NAI Hiffman provides leasing, management, investment sales and capital markets representation for owners and occupiers of commercial real estate in the Chicago metro market. It currently leases and manages an 80+ million SF portfolio of over 700 commercial properties throughout metropolitan Chicago, Northwest Indiana and Southeast Wisconsin. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 400 offices strategically located throughout the world, with 7,000+ local market professionals, handling over $20 billion in transaction value and managing 425+ million SF of property. For more information, please visit <a href="http://www.naihiffman.com">www.naihiffman.com</a>.</p><p>Featured in the <a target="_blank" href="http://www.dailyherald.com/business/20180625/nai-hiffman-completes-leasing-and-sale-of-naperville-office-building">Daily Herald</a></p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?a=RFcYOAwgwus:Fs9-O-vhqsA:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?d=yIl2AUoC8zA" border="0"></img></a> </div> Mon, 25 Jun 2018 15:51:41 Z NAI Hiffman NAI Hiffman completes leasing and sale of Naperville office building https://www.hiffmanblog.com/blog/2018/6/25 2018-06-25 15:51 +00:00 2018-06-25 10:51 -05:00 50b4f61de4b0699441ebf315:51754a18e4b0280270e59fdd:5b22db5370a6adc836918855 http://feedproxy.google.com/~r/NaiHiffmanBlog/~3/5BfYWwRSAJs/14 Article Feature Industrial Duke Realty begins construction on speculative industrial complex in Central DuPage <p>The Chicago office of Duke Realty Corporation has broken ground a 183,296-square-foot speculative industrial warehouse in Glendale Heights. NAI Hiffman Executive Vice Presidents Kelly Disser and Eric Tresslar and Associate Michael Freitag will be representing Duke Realty on the leasing of the property.</p><p>The building is located in the Central DuPage submarket just minutes from Interstate 355 and will feature 32” clear height, 18 dock doors, two drive-in doors and LED lighting. The project is set to be completed in November 2018.</p><p>To find out more about the project, visit Duke Realty’s <a href="https://www.dukerealty.com/duke-realty-begins-construction-of-183296-sf-industrial-building-in-glendale-heights/">website</a>.</p><p><strong>About NAI Hiffman</strong></p><p>Comprised of more than 160 real estate professionals, NAI Hiffman provides leasing, management, investment sales and capital markets representation for owners and occupiers of commercial real estate in the Chicago metro market. It currently leases and manages an 80+ million SF portfolio of over 700 commercial properties throughout metropolitan Chicago, Northwest Indiana and Southeast Wisconsin. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 400 offices strategically located throughout the world, with 7,000+ local market professionals, handling over $20 billion in transaction value and managing 425+ million SF of property. For more information, please visit <a href="http://www.naihiffman.com">www.naihiffman.com</a>.</p><p><strong>About Duke Realty</strong></p><p>In the greater Chicago area, Duke Realty owns, manages or has under development approximately 14.5 million square feet of industrial properties and has strategic land positions available for future development. Duke Realty’s local offices are located at 1301 West 22nd Street, Suite 800, Oak Brook, Illinois, 60523. The office phone number is 847.232.5400.</p><p>On a nationwide basis, Duke Realty Corporation owns and operates approximately 149 million rentable square feet of industrial assets in 20 key U.S. logistics markets. Duke Realty is publicly traded on the NYSE under the symbol DRE and is listed on the S&amp;P 500. The company maintains a Baa1 rating from Moody’s Investor Service and a BBB+ rating from Standard &amp; Poor’s Financial Services. More information about Duke Realty Corporation is available at <a href="http://www.dukerealty.com/">www.dukerealty.com</a>.&nbsp;</p><p>Featured in <a target="_blank" href="http://www.rejournals.com/duke-realty-begins-construction-on-183k-sf-bulk-warehouse-in-central-dupage-20180614">RE Journals</a></p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?a=5BfYWwRSAJs:bkb2zCOpASI:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?d=yIl2AUoC8zA" border="0"></img></a> </div> Thu, 14 Jun 2018 21:36:10 Z NAI Hiffman https://www.hiffmanblog.com/blog/2018/6/14 2018-06-14 21:36 +00:00 2018-06-14 16:36 -05:00 50b4f61de4b0699441ebf315:51754a18e4b0280270e59fdd:5b1fcf881ae6cf7caecadb9b http://feedproxy.google.com/~r/NaiHiffmanBlog/~3/Xo2B817dcOQ/12 Article Feature Industrial Office The Road to a Successful Sale by Adam Johnson <p>Adam Johnson discusses the four things you need to consider when planning to sell a office or industrial property and how the road to planning that sale can start much earlier than some clients may think.&nbsp;</p> <img data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5b1fd4bf1ae6cf7caecbe4aa/1528813525536/Road_to_a_Successful_Sale_Spreads+%28002%29.png" data-image-dimensions="2500x1612" data-image-focal-point="0.5,0.5" alt="Road_to_a_Successful_Sale_Spreads (002).png" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5b1fd4bf1ae6cf7caecbe4aa/1528813525536/Road_to_a_Successful_Sale_Spreads+%28002%29.png?format=1000w" /> <a href="http://www.hiffman.net/Succesful%20Sale.pdf" target="_blank" class="image-overlay"> </a><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?a=Xo2B817dcOQ:vp4YQBPhF5w:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?d=yIl2AUoC8zA" border="0"></img></a> </div> Tue, 12 Jun 2018 14:13:27 Z NAI Hiffman The Road to a Successful Sale by Adam Johnson https://www.hiffmanblog.com/blog/2018/6/12 2018-06-12 14:13 +00:00 2018-06-12 09:13 -05:00 50b4f61de4b0699441ebf315:51754a18e4b0280270e59fdd:5b1eaa5503ce645df232245b http://feedproxy.google.com/~r/NaiHiffmanBlog/~3/4ZmWWlZ1jMU/11-3 Press Release Industrial Disser and Freitag represent tenant in a Central DuPage sublease <img class="thumb-image" alt="1.PNG" data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5b1eab521ae6cf3e98b1ecdf/1528736611884/1.PNG" data-image-dimensions="1124x763" data-image-focal-point="0.5,0.5" data-load="false" data-image-id="5b1eab521ae6cf3e98b1ecdf" data-type="image" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5b1eab521ae6cf3e98b1ecdf/1528736611884/1.PNG?format=1000w" /> <p><strong>ADDISON, IL (June 11, 2018) –</strong> NAI Hiffman is proud to announce it has represented tenant CPGIO Direct in a sublease for a 103,465-square-foot space at 1150 N Swift Road in Addison. &nbsp;CPGIO has expanded its real estate footprint as successful business growth has steadily continued. &nbsp;This expansion is a relocation from Bensenville where they occupied two (2) facilities.</p><p>As part of CPGIO Direct’s relocation process, NAI Hiffman has been retained by CPGIO to sublet their remaining space located at 684 County Line Road in Bensenville. This location offers 10,600 square feet of industrial space with close proximity to O’Hare Airport and Interstates 292 and 290. "We are excited for CPGIO, as we were able to identify an opportunity in Addison which has allowed our client to continue to grow, establish a corporate headquarters, and secure significant high value existing infrastructure, all despite challenging market conditions," said Executive Vice President, Kelly Disser. &nbsp;</p><p>NAI Hiffman Executive Vice President Kelly Disser and Associate Michael Freitag represented CPGIO Direct in the transaction with Parts Town. CPGIO Direct is a USA Top 500 E-Store seller with two fulfillment centers in the Chicagoland Region.</p><p><strong>About NAI Hiffman</strong></p><p>Comprised of more than 160 real estate professionals, NAI Hiffman provides leasing, management, investment sales and capital markets representation for owners and occupiers of commercial real estate in the Chicago metro market. It currently leases and manages an 80+ million SF portfolio of over 700 commercial properties throughout metropolitan Chicago, Northwest Indiana and Southeast Wisconsin. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 400 offices strategically located throughout the world, with 7,000+ local market professionals, handling over $20 billion in transaction value and managing 425+ million SF of property. For more information, please visit <a href="http://www.naihiffman.com">www.naihiffman.com</a></p><p>Featured in <a target="_blank" href="http://www.rejournals.com/nai-hiffman-represents-tenant-in-consolidation-and-relocation-to-central-dupage-20180612">RE Journals</a>&nbsp;and <a target="_blank" href="https://www.bisnow.com/chicago/news/deal-sheet/this-weeks-chicago-deal-sheet-89719">Bisnow</a></p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?a=4ZmWWlZ1jMU:gv1m_SNE03E:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?d=yIl2AUoC8zA" border="0"></img></a> </div> Mon, 11 Jun 2018 17:03:59 Z NAI Hiffman Disser and Freitag represent tenant in a Central DuPage sublease https://www.hiffmanblog.com/blog/2018/6/11-3 2018-06-11 17:03 +00:00 2018-06-11 12:03 -05:00