Leasing

November 11, 2009

UGL Equis’ Mike Cello signed a sublease agreement with a long-term extension at 1140 W. Thorndale in Itasca on behalf of Enable Holdings, Inc, an asset recover company. Enable Holdings will sublease 48k-SF of flex/office space from Unistrut Corporation, manufacturers of metal framing and telescopic tubing and struts. NAI Hiffman’s Daniel O’Neill represented TA Associates Realty of Boston, the recorded owner of the building. UniStrut, the sub-landlord, was represented by CB Richard Ellis’ Kevin Rogers.

Source: Bisnow

Posted by NAI Hiffman | Filed Under General Business, Office

K2 Trucking Leases 41,000 SF at Tollway Business Center

November 11, 2009

K2 Trucking signed a six-year lease for 41,114 square feet at 10800-10900 Belmont Ave. in Franklin Park, IL. Tollway Business Center is a 587,383-square-foot building in close proximity to O’Hare International Airport and the city of Chicago. The property has tollway visibility and features 28 exterior loading docks. Larry Much, Larry Goldwasser and Jay Maher of NAI Hiffman represented building owner, New York-based KTR Capital Partners. Brian Carroll of Grubb & Ellis represented the tenant.

Source: CoStar

Posted by NAI Hiffman | Filed Under Industrial, Media Coverage

Management

November 11, 2009

LNR has awarded the management and leasing of two office properties to NAI Hiffman Asset Management. The first, 800-810 Jorie Plaza is a two-story, 180k-SF facility located in Oakbrook. The second is 75 Executive Drive, a 107k-SF, 3-story office building located in Aurora.

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TA Associates Realty has awarded the management of three of its industrial assets to NAI Hiffman Asset Management. The assets, which total approximately 660k-SF are the 328k-SF Carol Point at 900-910 Kimberly Drive in Carol Stream, 238k-SF at Mallard Lakes at 1600 Hunter Drive in Hanover Park, and 147k-SF at Sheffield Industrial at 6675 Daniel Burnham Parkway in Portage, Indiana.

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KDR Associates, owner of the Prairie Market retail power center in Oswego has chosen NAI Hiffman’s Asset Management Group to run the second phase of its 850k- SF development. The newest construction, called Prairie Market East, occupies the land east of Fifth Street and has four outlets plus 80k-SF of retail space to be anchored by PetSmart.

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Navigant Consulting has awarded the management and leasing of its medical office building to NAI Hiffman Asset Management. The 81k-SF Rush-Copley Medical Plaza at 2000 Ogden Avenue in Aurora is 80% occupied and is adjacent to the Rush-Copley Hospital. The hospital and med office building are separately owned and managed.

Source: Bisnow

Posted by NAI Hiffman | Filed Under Asset Management, Media Coverage

Sitex Realty Group Purchases 27,700-Square-Foot Industrial Building

November 9, 2009

ROMEOVILLE, ILL. — Sitex Realty Group has acquired a 27,700-square-foot industrial facility in Romeoville. The property is located at 1231-1233 Naperville Dr. within Marquette Business Park. Wingfoot Commercial Tire and Parkway Imaging currently occupy the facility. Ben Cremer and Mike Robbins of NAI Hiffman represented the undisclosed seller in the transaction. The acquisition price was not released.

Source: REBusinessOnline.com

Posted by NAI Hiffman | Filed Under General Business, Industrial, Media Coverage

Congratulations to NAI Hiffman’s Much-Connolly-Malik Team

November 9, 2009

NAI Hiffman’s nomination of KTR Capital Partners
garners NAIOP Award for Industrial Redevelopment of the Year!

Please join us in congratulating Larry Much, SIOR, Steve Connolly, SIOR and Irv Malik, whose project with KTR Capital Partners was recognized as the best in its category last night at the NAIOP 22nd Annual Awards for Excellence, held at the Sheraton Chicago. We congratulate KTR Capital Partners, Keeley Construction and Ware Malcomb and thank them for including NAI Hiffman in an amazing project that means so much to our city and to the advancement of industrial green development.

Revelopment Project Description
4404 W. Ann Lurie Place, Chicago

In December 2007, KTR Capital Partners purchased the 311,000 SF Dominick’s facility along with its adjacent 9.89 acres with plans to upgrade the facility and develop the land. Shortly thereafter, KTR finalized a lease for 175,000 SF Build-To-Suit to Preferred Freezer Services and began development for a state-of-the-art LEED-certified freezer/cooler facility. Concurrently, KTR began renovating the existing building and secured a lease for 167,000 SF with Gold Eagle. Thus far, KTR’s $55 million investment has provided extensive construction employment and several new jobs in the City. The project was permitted and approved through the City’s new “Green Building” planning board.

Posted by NAI Hiffman | Filed Under Awards and Honors, Industrial, Sustainability

New Podcast: Philadelphia Spotlight with NAI Geis

November 3, 2009

(November 3rd 2009) Dean Geis of NAI Geis in Philadelphia, PA joins Jim Garrett to discuss the current local commercial real estate conditions and the forecast for the next 12 to 18 months.

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Posted by NAI Hiffman | Filed Under Podcast