NAI Hiffman Brokers Preferred Freezer-KTR Build-To-Suit

February 27, 2009

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Chicago, IL (February 27, 2008) – KTR Capital Partners (“KTR”), a New York based real estate private equity fund manager and operating company, has leased a 175,000 square foot build-to-suit warehouse to Preferred Freezer Services on the excess land associated with its recent investment acquisition of the former Dominick’s distribution facility on West Ann Lurie Place. The LEED Certified, freezer/cooler facility will be located on the adjacent 9.8-acre parcel with I-55 frontage and will be rail served with a 60-foot clear ceiling height, 18 dock doors, and 30 trailer parking spaces. Read more

Posted by NAI Hiffman | Filed Under General Business, Industrial, Press Releases, Sustainability

NAI Hiffman arranges sale of 162 South York Street in Elmhurst

February 13, 2009

Elmhurst School District 205 has purchased a 25,000 square foot building from the Bank of America Pension Plan. The property, located at 162 South York Street in Elmhurst, Ill., sold for $3,175,000.

The property was purchased to consolidate the School District’s administrative offices, expand the Early Childhood Program, the 18-21 Year-Old Transition Program, and to alleviate traffic and parking congestion for Hawthorn Elementary School.

Dan Hiffman, senior associate with NAI Hiffman’s Retail Services Group, represented Bank of America. Lee Daniels of Lee Daniels and Associates represented a Frank Catalano, the contract purchaser, who assigned its rights to Elmhurst School District 205.

Source: Illinois Real Estate Journal

Posted by NAI Hiffman | Filed Under Media Coverage, Office

MIRVAC HIRES NAI HIFFMAN TO MANAGE 68-BUILDING PORTFOLIO

February 12, 2009

CHICAGO — Oakbrook, Ill.-based NAI Hiffman has been hired by Mirvac Industrial Trust to manage and lease the Sydney, Australia-based REIT’s Chicago area portfolio. The 68-building portfolio comprises 14.2 million square feet of warehouse and flex office space located in and around the O’Hare market, the Interstate 55 Corridor, the Northern Cook market, the DuPage market and the Kane County market. Additional properties in the portfolio are located in Milwaukee; Grand Rapids, Mich.; and Northwest Indiana. NAI Hiffman assumed responsibility of the assignment on February 10th. The portfolio houses more than 100 tenants, including True Value Co., APL Logistics, Nexus and Prairie Packaging. With the addition of the Mirvac Industrial Trust properties, NAI Hiffman manages 48.9 million square feet of third-part owned assets.

Source: REBusinessOnline.com

Posted by NAI Hiffman | Filed Under General Business