Company News 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 50b4f61de4b0699441ebf315:51754a18e4b0280270e59fdd:5b1e9d421ae6cfd55fe87e3a http://feedproxy.google.com/~r/NaiHiffmanBlog/~3/rua2QBc4yFQ/11-2 Press Release Industrial Whitehead and Fischer represent Neuco, Inc. in headquarters relocation <img class="thumb-image" alt="Whitehead-Fishcer.PNG" data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5b1e9e9e0e2e724d1514e071/1528733356875/Whitehead-Fishcer.PNG" data-image-dimensions="1144x769" data-image-focal-point="0.5,0.5" data-load="false" data-image-id="5b1e9e9e0e2e724d1514e071" data-type="image" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5b1e9e9e0e2e724d1514e071/1528733356875/Whitehead-Fishcer.PNG?format=1000w" /> <p><strong>BOLINGBROOK, IL (June 11, 2018) –</strong> NAI Hiffman is pleased to announce Neuco Inc.’s recent acquisition of 515 W Crossroads Parkway in Bolingbrook, IL.</p><p>NAI Hiffman Executive Vice Presidents John Whitehead and Jeff Fischer represented Neuco, Inc. in its purchase of the 145,000 square-foot building from Duke Realty. Neuco is a master distributor of HVACR replacement parts to wholesale distributors throughout North America and will be relocating from its current Downers Grove location. This new facility will operate as its headquarters and main distribution center for approximately 130 employees.</p><p>The Honorable Mayor Roger Claar welcomes Neuco and its 130 employees to the Village and its growing list of corporate headquarters. “Neuco fits perfectly into the Village’s diverse distribution and logistic building landscape.” The Village's location and business friendly environment has produced more than 30 million square feet of new industrial buildings during the Mayor's tenure.</p><p>Located two miles from the I-355 &amp; I-55 interchanges, 515 W Crossroads Parkway is a standalone precast facility. The building will undergo a substantial interior and exterior renovation to increase the office, parking and loading necessary for its continued growth.&nbsp; Lee &amp; Associates’ Terry Grapenthin and Jeff Galante represented the owner, Duke Realty in the sale.</p><p><strong>About Neuco Inc.</strong></p><p>Neuco Inc. is the leading master distributor of HVACR controls in North America, selling replacement parts to wholesale distributors throughout the United States and Canada. Neuco is a third-generation, family-run business, headquartered in the southwest suburbs of Chicago. Neuco consists of a series of integrated teams that are focused on delivering an extraordinary customer experience with every single order and take great pride in the quality of their products and services and, most importantly, the quality of their people.</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/20180612/neuco-to-move-to-bolingbrook">Daily Herald</a>,&nbsp;<a target="_blank" href="http://www.rejournals.com/nai-hiffman-represents-hvacr-distributor-in-headquarters-relocation-20180612">RE Journals</a>, 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=rua2QBc4yFQ:d4qkcHFJP68:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?d=yIl2AUoC8zA" border="0"></img></a> </div> Mon, 11 Jun 2018 16:09:51 Z NAI Hiffman Whitehead and Fischer represent Neuco, Inc. in headquarters relocation https://www.hiffmanblog.com/blog/2018/6/11-2 2018-06-11 16:09 +00:00 2018-06-11 11:09 -05:00 50b4f61de4b0699441ebf315:51754a18e4b0280270e59fdd:5b1e93411ae6cf9e5535f0dd http://feedproxy.google.com/~r/NaiHiffmanBlog/~3/J15Bth-uY00/11-1 Office Press Release Aubrey Van Reken represents two office tenants totaling 19,300 SF in lease transactions <img class="thumb-image" alt="DSC01970.JPG" data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5b1e93a1575d1f0e16e8bae9/1528730545872/DSC01970.JPG" data-image-dimensions="2500x1875" data-image-focal-point="0.5,0.5" data-load="false" data-image-id="5b1e93a1575d1f0e16e8bae9" data-type="image" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5b1e93a1575d1f0e16e8bae9/1528730545872/DSC01970.JPG?format=1000w" /> <p><strong>OAKBROOK TERRACE, IL (June 11, 2018) –</strong> &nbsp;NAI Hiffman is pleased to announce that Vice President Aubrey Van Reken has recently completed two lease transactions representing tenants in the East-West Corridor submarket.</p><p>In the first transaction, Hummingbird Pediatric Therapy signed a 11,500 square-foot, long-term office lease expansion at 740 Pasquinelli Drive in Westmont. Hummingbird Pediatric Therapy moved into the building last August and within twelve months had outgrown its space. Aubrey assisted in navigating early lease negotiations to expand, obtaining additional construction allowance and lease concessions. NAI Hiffman was the sole broker on the transaction; Executive Vice President Dan O’Neill and Associate Ryan Maher represented the landlord. Hummingbird Pediatric Therapy provides children with private, customized therapy programs.</p><p>In the second transaction, Van Reken represented Hoopis Group, LLC in lease negotiations for a new 7,800 square-foot office lease at 1001 Warrenville Road in Lisle. The Hoopis Group provides insurance, investing and financial planning advisory. The Hoopis Group will be consolidating two suburban offices into its new upgraded suburban regional office location in Lisle as it continues to extend its service area further into the western suburbs. Phil Sheridan from Hamilton Partners represented Millbrook in the lease transaction.</p><p>These two transactions represent a portion of Aubrey Van Reken’s first quarter leases on behalf of occupiers totaling more than 46,000 square feet.</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.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=J15Bth-uY00:qNnhFeZd8fs:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?d=yIl2AUoC8zA" border="0"></img></a> </div> Mon, 11 Jun 2018 15:22:52 Z NAI Hiffman Aubrey Van Reken represents two office tenants totaling 19,300 SF in lease transactions https://www.hiffmanblog.com/blog/2018/6/11-1 2018-06-11 15:22 +00:00 2018-06-11 10:22 -05:00 50b4f61de4b0699441ebf315:51754a18e4b0280270e59fdd:5b1e8cc52b6a2803700888c2 http://feedproxy.google.com/~r/NaiHiffmanBlog/~3/uVw_3EuaJ0Y/11 Press Release Office O'Neill, Chrastka represent ownership in 22,699-square-foot lease renewal <img class="thumb-image" alt="501 Lake Street.jpg" data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5b1e8cf81ae6cf6815bf1461/1528728833263/501+Lake+Street.jpg" data-image-dimensions="2500x1501" data-image-focal-point="0.5,0.5" data-load="false" data-image-id="5b1e8cf81ae6cf6815bf1461" data-type="image" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5b1e8cf81ae6cf6815bf1461/1528728833263/501+Lake+Street.jpg?format=1000w" /> <p><strong>ELMHURST, IL (June 11, 2018) –</strong> Fresenius Medical Care has renewed its lease at The Corporate Plaza of Elmhurst. NAI Hiffman Executive Vice President Dan O’Neill and Vice President Steve Chrastka represented owner Dukes Bridge LLC in the lease transaction, and Pat Crow of Cresa represented Fresenius Medical Care.</p><p>Fresenius Medical Care currently occupies 22,699 square feet at 501 W. Lake Street in Elmhurst, IL. Located in the East-West Corridor submarket, The Corporate Plaza of Elmhurst is a single-story office complex with high visibility on Lake Street that features common docks, office/flex space and desirable interstate access to Route 83 and Interstates 290, 294, and 355. The property is currently 73% leased with four spaces available ranging from 4,000 to 13,000 square feet.</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 target="_blank" href="http://www.naihiffman.com">www.naihiffman.com</a>.</p><p>Featured in <a target="_blank" href="http://www.rejournals.com/getdoc/2b4e7823-12f7-4b25-9370-3e08114c025c/nai-hiffman-represents-ownership-in-22,699-square.aspx">RE Journals</a></p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?a=uVw_3EuaJ0Y:bpS8Ypc4WoM:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?d=yIl2AUoC8zA" border="0"></img></a> </div> Mon, 11 Jun 2018 14:54:34 Z NAI Hiffman O'Neill, Chrastka represent ownership in 22,699-square-foot lease renewal https://www.hiffmanblog.com/blog/2018/6/11 2018-06-11 14:54 +00:00 2018-06-11 09:54 -05:00 50b4f61de4b0699441ebf315:51754a18e4b0280270e59fdd:5b195b60575d1f53f8a0c0cc http://feedproxy.google.com/~r/NaiHiffmanBlog/~3/1dUsETnSUbA/7 Press Release Industrial Moran, Connolly, and Tomforhde assist in two industrial leases <img class="thumb-image" alt=" 575 W. Crossroads Parkway, Bolingbrook, IL " data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5b195bb9562fa719baa89320/1528388596166/575+W.+Crossroads+Parkway.jpg" data-image-dimensions="2500x1504" data-image-focal-point="0.5,0.5" data-load="false" data-image-id="5b195bb9562fa719baa89320" data-type="image" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5b195bb9562fa719baa89320/1528388596166/575+W.+Crossroads+Parkway.jpg?format=1000w" /> <p>575 W. Crossroads Parkway, Bolingbrook, IL</p> <p><strong>OAKBROOK TERRACE, IL (June 7, 2018) –</strong> NAI Hiffman is proud to announce that the team of Executive Vice Presidents Mark Moran and Steve Connolly and Associate Broker Brett Tomfohrde have assisted in two industrial leases in the Chicagoland area. With these two transactions the team has completed more than 500,000 square feet of transactions in the I-55 corridor this year.&nbsp;</p> <img class="thumb-image" alt=" 2143 Internationale Parkway, Woodridge, IL " data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5b195c1b352f5366562e7cf6/1528388640049/2143+Internationale.jpg" data-image-dimensions="600x351" data-image-focal-point="0.5,0.5" data-load="false" data-image-id="5b195c1b352f5366562e7cf6" data-type="image" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5b195c1b352f5366562e7cf6/1528388640049/2143+Internationale.jpg?format=1000w" /> <p>2143 Internationale Parkway, Woodridge, IL</p> <p>In the first transaction, GLP completed a new lease at 575 W. Crossroads Parkway in Bolingbrook, IL. Intralot, a software company for lottery and entertainment services, plans to occupy 41,300 square feet at the building. Located in the I-55 Corridor, 575 W. Crossroads Parkway features 11 exterior docks, 130 parking spaces, and 4,281 square feet of office space. NAI Hiffman represented the tenant, Intralot, in the lease.</p><p>Additionally, the team represented the sublessor, Columbus McKinnon Corporation, in a sublease at 2143 Internationale Parkway in Woodridge, IL. Talley, a distributor of wireless infrastructure, communications, and mobile products will sublease the 38,400-square-foot industrial space. Located in the I-55 Corridor, 2143 Internationale Parkway features immediate access to Interstates 355 and 55. Colliers International Charles Canale represented Talley 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 target="_top" href="http://www.naihiffman.com/">www.naihiffman.com</a>.</p><p>Featured in <a target="_blank" href="http://www.rejournals.com/nai-hiffman-completes-two-industrial-leases-in-the-i-55-corridor-20180608">RE Journals</a></p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?a=1dUsETnSUbA:9o4L-xsi0sA:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?d=yIl2AUoC8zA" border="0"></img></a> </div> Thu, 07 Jun 2018 16:24:56 Z NAI Hiffman Moran, Connolly, and Tomforhde assist in two industrial leases https://www.hiffmanblog.com/blog/2018/6/7 2018-06-07 16:24 +00:00 2018-06-07 11:24 -05:00 50b4f61de4b0699441ebf315:51754a18e4b0280270e59fdd:5b16bf8daa4a99890c641181 http://feedproxy.google.com/~r/NaiHiffmanBlog/~3/P4b4oDlokhI/5 Market in Motion Industrial Market in Motion: NAI Hiffman's David Haigh on the North Avenue Industrial Corridor <p>In our latest Market in Motion, Senior Vice President David Haigh discusses the historical development pattern and current status of the North Avenue corridor in the Central DuPage industrial submarket.</p><iframe scrolling="no" allowfullscreen="" src="//www.youtube.com/embed/ik_UIjDUmVY?feature=youtu.be&amp;wmode=opaque&amp;enablejsapi=1" width="854" frameborder="0" height="480"> </iframe><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?a=P4b4oDlokhI:_rPrP8yA-5A:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?d=yIl2AUoC8zA" border="0"></img></a> </div> Tue, 05 Jun 2018 16:55:41 Z NAI Hiffman Market in Motion: NAI Hiffman's David Haigh on the North Avenue Industrial Corridor https://www.hiffmanblog.com/blog/2018/6/5 2018-06-05 16:55 +00:00 2018-06-05 11:55 -05:00 50b4f61de4b0699441ebf315:51754a18e4b0280270e59fdd:5b157147f950b74618c4f089 http://feedproxy.google.com/~r/NaiHiffmanBlog/~3/eza4y8KcWNc/4 Office Press Release NAI Hiffman represents ownership in sale and leasing of InterPark Corporate Center <img class="thumb-image" alt="8623 W Bryn Mawr_Bldg Photo3.jpg" data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5b1573748a922d4766bcf0ea/1528132489972/8623+W+Bryn+Mawr_Bldg+Photo3.jpg" data-image-dimensions="2500x1333" data-image-focal-point="0.5,0.5" data-load="false" data-image-id="5b1573748a922d4766bcf0ea" data-type="image" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5b1573748a922d4766bcf0ea/1528132489972/8623+W+Bryn+Mawr_Bldg+Photo3.jpg?format=1000w" /> <p>CHICAGO, IL (May 30, 2018) – NAI Hiffman is pleased to announce the recent sale of 8601-8623 W. Bryn Mawr Avenue and 8600-8622 W. Catalpa Avenue in Chicago, IL. &nbsp;Jonathan Berger of Berger Asset Management LLC, purchased the office complex from AREI (InterPark), LLC with the plan to revitalize and reposition the asset. NAI Hiffman was the sole broker in the sale, which was completed through the NAI Hiffman team of Executive Vice President John Cash, Senior Vice President Art Burrows, and Vice Presidents David Haigh and Steve Chrastka.</p><p>InterPark Corporate Center is a 12-building, 165,000 square-foot, single-story office complex situated on 7 acres, located in the O’Hare office submarket, that fell into foreclosure after an attempt was made to convert half of the site into a 400-unit apartment complex. AREI (Interpark), LLC retained the services of NAI Hiffman to manage the existing tenant base and sell the property, which at the time, was only 40% leased. In April of 2018, Berger acquired Interpark from AREI. Vice President Steve Chrastka and Senior Vice President Jason Wurtz of NAI Hiffman have been retained by the new owner to oversee the leasing efforts.&nbsp; “We have a unique opportunity to offer a tenant up to 80,000 square feet of space in a campus-like setting that is both in Chicago and steps away from the Blue line to O’Hare International Airport and downtown Chicago,” says Vice President Steve Chrastka. “Single-story office parks don’t typically focus on an experience or culture for its tenants. This ownership is going to change that by adding a fitness center, conference and lounge space, and bike share program. They want to create a unique workplace environment that all tenants from seasoned professionals to next generation millennials, will be proud to be in.”</p><p>Berger is focused on the transportation opportunities of the location. “The site has tremendous access to expressways and public transportation, including the CTA Blue Line and several Interstates. There is a limited supply of options for companies to lower occupancy costs with the ability to offer a great work experience in the O’Hare submarket.”</p><p>Ware Malcomb was retained by Jonathan Berger to lead the rebrand of the campus and make his redevelopment vision a reality.&nbsp; The asset formerly known as InterPark Corporate Center will now operate as “Concourse Chicago”, tying together the abundant transportation amenities and the excellent O’Hare location.&nbsp; Jonathan Berger, no stranger to property redevelopment, brings passion and an innovative approach to repositioning and reinvigorating real estate assets.&nbsp; Most recently, his organization redeveloped a vacant 50,000 square foot building in Highland Park, IL, which is now occupied by Tesla Motors.</p><p>“Concourse Chicago, located at the intersection of transportation, entertainment, and commerce, will offer tenants a unique, high-tech campus-like setting. The team is also planning to develop public spaces within the campus along with new buildout concepts for existing tenants and new speculative suites for lease,” says Berger.</p><p>This new setting will offer tenants an opportunity for a fresh start with new progressive office designs, while inspiring a culture of engaged minds. The buildings are divisible and will provide office solutions to tenants ranging in size from 900 to 80,000 square feet. Berger anticipates that the property’s upgrades will be complete and ready to welcome new tenants in the Fall of 2018.</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.chicagobusiness.com/realestate/20180605/CRED03/180609944/developer-plans-to-revamp-distressed-ohare-office-park#utm_medium=email&amp;utm_source=ccb-realestatereport&amp;utm_campaign=ccb-realestatereport-20180605">Crain's Chicago Business</a>,&nbsp;<a target="_blank" href="http://www.dhbusinessledger.com/business/20180604/nai-hiffman-announces-sale-of-two-properties">Daily Herald Business Ledger</a>, and <a target="_blank" href="https://rebusinessonline.com/nai-hiffman-arranges-sale-of-165000-sf-office-complex-in-chicago/">RE Business</a></p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?a=eza4y8KcWNc:VDLyCjP-SBE:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?d=yIl2AUoC8zA" border="0"></img></a> </div> Mon, 04 Jun 2018 17:23:43 Z NAI Hiffman NAI Hiffman represents ownership in sale and leasing of InterPark Corporate Center https://www.hiffmanblog.com/blog/2018/6/4 2018-06-04 17:23 +00:00 2018-06-04 12:23 -05:00 50b4f61de4b0699441ebf315:51754a18e4b0280270e59fdd:5b11b742352f537742255b30 http://feedproxy.google.com/~r/NaiHiffmanBlog/~3/xcnirTCdlQg/1 Investment Industrial Press Release NAI Hiffman and NAI Ohio Equities represent FST Logistics in sale of two industrial assets <img class="thumb-image" alt="DJI_0056.jpg" data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5b11b769352f5377422568da/1527887741192/DJI_0056.jpg" data-image-dimensions="2500x1873" data-image-focal-point="0.5,0.5" data-load="false" data-image-id="5b11b769352f5377422568da" data-type="image" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5b11b769352f5377422568da/1527887741192/DJI_0056.jpg?format=1000w" /> <p><strong>COLUMBUS, OH (June 1, 2018) –</strong> NAI Hiffman and NAI Ohio Equities are pleased to announce the sale and leaseback of two mission-critical distribution and logistics facilities in Columbus, OH totaling 356,004 square feet.&nbsp;&nbsp;</p><p>Weston, Inc. purchased the assets, located at 1727 Georgesville Road and 5400 Renner Road, from FST Logistics, who entered into a long-term leaseback on the properties and will continue to occupy 100% of the space. FST Logistics is a full-service trucking and third-party logistics company providing warehousing and transportation services to local and national food related brands from its headquarters in Columbus since 1991. “This deal offers FST Logistics the opportunity to monetize its long-term tenancy in these assets while continuing to serve its national clients’ unique and demanding logistics needs and freeing up capital to focus on its core business,” says Senior Vice President Ted Staszak.</p><p>The NAI Hiffman Industrial Capital Markets Team of Senior Vice Presidents Ted Staszak and Pat Sullivan and Vice President Ryan Chambers, and NAI Ohio Equities’ Industrial Property Team of Curt Berlin, SIOR, Blake DeCrane and Matt Osowski, SIOR represented FST Logistics in the sale.&nbsp;</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.cpexecutive.com/post/fst-logistics-sells-2-ohio-assets/">Commercial Property Executive</a>,&nbsp;<a target="_blank" href="https://www.connect.media/nai-global-affiliates-partner-on-columbus-oh-sale-leasebacks/">Connect Chicago</a>, and <a target="_blank" href="http://www.costar.com/News/Article/Weston-Picks-Up-Two-Industrial-Buildings-in-$136M-Sale-Leaseback-Deal/202059">CoStar</a></p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?a=xcnirTCdlQg:-a3pRN2aV44:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?d=yIl2AUoC8zA" border="0"></img></a> </div> Fri, 01 Jun 2018 21:16:17 Z NAI Hiffman NAI Hiffman and NAI Ohio Equities represent FST Logistics in sale of two industrial assets https://www.hiffmanblog.com/blog/2018/6/1 2018-06-01 21:16 +00:00 2018-06-01 16:16 -05:00 50b4f61de4b0699441ebf315:51754a18e4b0280270e59fdd:5b10324ef950b7d0ce40183a http://feedproxy.google.com/~r/NaiHiffmanBlog/~3/vYQTNXFguZY/31-2 Office Medical Office Press Release NAI Hiffman completes three new leases at Brush Hill Office Courte <img class="thumb-image" alt="760Pasquinelli_1.jpg" data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5b1032a1758d462228ffbaee/1527788212975/760Pasquinelli_1.jpg" data-image-dimensions="2500x1432" data-image-focal-point="0.5,0.5" data-load="false" data-image-id="5b1032a1758d462228ffbaee" data-type="image" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5b1032a1758d462228ffbaee/1527788212975/760Pasquinelli_1.jpg?format=1000w" /> <p>WESTMONT, IL (May 10, 2018) – NAI Hiffman is proud to announce that the office team of Executive Vice President Dan O’Neill and Associate Ryan Maher have secured three leases for client JSQ Brush Hill LCC at Brush Hill Office Courte. Brush Hill Office Courte is located at 740-770 Pasquinelli Drive in Westmont. This property is currently 99% leased with one 1,227-square-foot space available.</p><p>In the first transaction, Sofbang, an existing tenant, plans to extend its existing lease and add an additional 1,227 square feet, making its overall footprint 3,857 square feet at the building. Sofbang is a system integrator of the Oracle Cloud Platform. Golden Group's Troy Golden represented the tenant.</p><p>Next, Safeway Insurance, an automotive insurance company, renewed its existing lease. It currently occupies 7,643 square feet at the building. Brian Butler of The Butler Group represented the tenant, Safeway Insurance.</p><p>Finally, Hummingbird Pediatric Therapy has completed a lease renewal and expansion and plans to occupy 11,521 square feet at the building. NAI Hiffman was the sole broker on the transaction with Vice President Aubrey Van Reken representing Hummingbird Pediatric Therapy.</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 target="_top" href="http://www.naihiffman.com/">www.naihiffman.com</a>.</p><p>Featured in <a target="_blank" href="http://www.rejournals.com/getdoc/bc3c7a4f-c2e2-4739-94ed-0c2bac90966d/nai-hiffman-completes-three-new-leases-at-westmont.aspx">RE Journals</a></p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?a=vYQTNXFguZY:PXL7OIYMYMg:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?d=yIl2AUoC8zA" border="0"></img></a> </div> Thu, 31 May 2018 17:36:55 Z NAI Hiffman NAI Hiffman completes three new leases at Brush Hill Office Courte https://www.hiffmanblog.com/blog/2018/5/31-2 2018-05-31 17:36 +00:00 2018-05-31 12:36 -05:00 50b4f61de4b0699441ebf315:51754a18e4b0280270e59fdd:5b1021c18a922da0f6a9d7a8 http://feedproxy.google.com/~r/NaiHiffmanBlog/~3/qdAFGJ-6i6c/31-1 Industrial Research Leahy and Roth represent buyer in West Cook purchase <img class="thumb-image" alt="5700 McDermott.jpg" data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5b1021f11ae6cf503c28c794/1527783929092/5700+McDermott.jpg" data-image-dimensions="2500x1604" data-image-focal-point="0.5,0.5" data-load="false" data-image-id="5b1021f11ae6cf503c28c794" data-type="image" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5b1021f11ae6cf503c28c794/1527783929092/5700+McDermott.jpg?format=1000w" /> <p><strong>BERKELEY, IL (May 31, 2018) –</strong> NAI Hiffman is proud to announce it has represented Walker Partners in the purchase of a 46,140 square foot industrial property at 5700 McDermott Drive in Berkeley.</p><p>NAI Hiffman Executive Vice Presidents Daniel Leahy, SIOR and Adam Roth represented Walker Partners in the transaction with AEW Capital Management. Walker Partners, better known as Continental Electrical Construction Company, is a fourth generation family-owned electrical contractor. Walker Partners will be relocating from its former warehouse in Hillside to the new industrial space in Berkley.</p><p><strong>About Continental Electrical Construction Company</strong></p><p>Founded in 1912, Continental Electrical Construction Company is the number one electrical construction company in Chicago and its suburbs, as well as one of the largest in the Midwest. It has helped to establish much of Chicago’s landscape and culture. Its services have enabled the company to complete thousands of projects throughout the area that posed unusual challenges and complex, innovative solutions.</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.bisnow.com/chicago/news/deal-sheet/this-weeks-chicago-deal-sheet-89184">Bisnow</a></p><p> </p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?a=qdAFGJ-6i6c:YRCAiGj-vYQ:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?d=yIl2AUoC8zA" border="0"></img></a> </div> Thu, 31 May 2018 16:25:42 Z NAI Hiffman Leahy and Roth represent buyer in West Cook purchase https://www.hiffmanblog.com/blog/2018/5/31-1 2018-05-31 16:25 +00:00 2018-05-31 11:25 -05:00 50b4f61de4b0699441ebf315:51754a18e4b0280270e59fdd:5b101a4e562fa79167ede292 http://feedproxy.google.com/~r/NaiHiffmanBlog/~3/KrdvEsAXGZY/31 Industrial Press Release Cremer and Sutterer represent owner in South Chicago lease <img class="thumb-image" alt="Front Door 2.JPG" data-image="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5b101ae303ce64739a3a2fbe/1527782128757/Front+Door+2.JPG" data-image-dimensions="2500x1875" data-image-focal-point="0.5,0.5" data-load="false" data-image-id="5b101ae303ce64739a3a2fbe" data-type="image" src="https://static1.squarespace.com/static/50b4f61de4b0699441ebf315/t/5b101ae303ce64739a3a2fbe/1527782128757/Front+Door+2.JPG?format=1000w" /> <p>CHICAGO, IL (May 31, 2018) – NAI Hiffman is proud to announce it has represented J&amp;L Contractors in its new lease for 223,080 square feet at 440 E. 138 Street in Chicago.</p><p>NAI Hiffman Senior Vice President Ben Cremer and Associate Alex Sutterer represented J&amp;L Contractors, Inc. in the transaction with Ardagh Group, a global leader in glass and metal packaging solutions. It operates 109 glass and metal manufacturing facilities in 22 countries; this industrial lease allows for the expansion of its metal manufacturing in the Chicagoland region.</p><p>This South Chicago property is now 100% leased.</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</p><p>Featured in <a target="_blank" href="http://www.rejournals.com/nai-hiffman-facilitates-new-lease-for-j-l-contractors-in-chicago-20180531">RE Journals</a></p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?a=KrdvEsAXGZY:P6gU5Aj5jKM:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/NaiHiffmanBlog?d=yIl2AUoC8zA" border="0"></img></a> </div> Thu, 31 May 2018 15:55:56 Z NAI Hiffman Cremer and Sutterer represent owner in South Chicago lease https://www.hiffmanblog.com/blog/2018/5/31 2018-05-31 15:55 +00:00 2018-05-31 10:55 -05:00