Oak Brook re-establishes two village committees

December 20, 2011

After asking for ideas for commercial revitalization within Oak Brook, Village President Gopal Lalmalani and trustees have re-established two committees to work on economic growth.

During their Dec. 13 meeting, trustees established a streetscape committee and a commercial revitalization committee.

The new committees will meet on an as-needed basis, be advisory to the board and include residents and business community members.

The two committees were originally created in 2005 by the village board and approved two plans.

The Streetscape Plan was adopted in 2006 and the Commercial Areas Revitalization Plan was approved in 2008, but both were never fully implemented due to economic concerns.

“The purpose (of the streetscape committee) is to provide advice and recommendations to the village president and the board regarding implementation of the Oak Brook streetscape plan,” Lalmalani said. “The purpose (of the commercial revitalization committee) is to advise and make recommendations to the board regarding priorities of the implementation of the commercial revitalization plan.”

Oak Brook resident and former village trustee Jeff Kennedy will chair both committees.

The streetscape committee will consist of resident Harry Peters, Jeff Shay of Jones Lang LaSalle, Dan Wagner of Inland Real Estate Group, Oakbrook Center General Manager Chuck Fleming, Linda Hunt of White Lodging Services and resident Kathy Manofsky.

The commercial revitalization committee will consist of residents Peters, Bob Sanford and Raj Lal. Also serving will be Plan Commission Chairwoman Marcia Tropinski, Zoning Board Chairman Champ Davis, Greater Oak Brook Chamber of Commerce CEO Tracy Mulqueen, Joe Endress of McDonalds Corp., Dennis Hiffman of NAI Hiffman, Shay and Fleming.

The board approved the appointees and ordinances last week, approving each committee’s purpose, membership, officers and proposed meeting schedules.

“I’m looking forward to these committees becoming active again,” Trustee Asif Yusuf said. “There are a lot of good people giving their time, effort and skill. This represents a partnership of our residents and our business community working together towards a common goal.”

Posted by NAI Hiffman | Filed Under Media Coverage

NAI Hiffman CEO Petersen gives back to the community

October 26, 2011

As seen in TribLocal

Dave Petersen (seated), CEO of NAI Hiffman in Oakbrook Terrace, and wife Diane (left) get involved in the bidding during the live auction portion of the recent Edward Foundation Gala, “The Big Gig: Untamed Adventure.” More than 700 people attended the event which raised $521,000 for Edward Hospital’s newborn and pediatric critical care areas and soon-to-open Ronald McDonald Family Room.

NAI Hiffman CEO Dave Petersen was among the 700 people in attendance as a record $521,000 was raised at the Edward Foundation’s recent 21st annual Gala, The Big Gig: Untamed Adventure. The event was held at Bobak’s Signature Events in Woodridge on Saturday, October 15. Proceeds from the Gala will, in part, go to Edward’s KidsCare Campaign which is supporting the complete renovation of Edward’s newborn and pediatric critical care areas, special procedure rooms, and construction and operation of the Ronald McDonald Family Room, scheduled to open in 2012. The Foundation has raised $26.5 million since 1990 to benefit numerous departments and programs at Edward Hospital. The Foundation also raises funds through an annual summer golf outing. To make a donation to or for more information about the Foundation, call (630) 527-3954 or visit www.edward.org/foundation.

Posted by NAI Hiffman | Filed Under Media Coverage

NAI Hiffman Facilitates Lease in Bolingbrook

June 8, 2011

As Reported by Robert Carr on GlobeSt.com on June 6, 2011

BOLINGBROOK, IL-Hanger Orthopedic Group Inc., has leased 44,671 square feet within Crossings Business Center, at 386 Internationale Dr. here. Additionally, Container and Pooling Solutions, Inc. has leased the remaining 33,154 square feet at 380 Internationale Dr., also within the center. The center consists of two buildings totaling 352,700 square feet of industrial space. The park, which features 30-foot clear heights, 81 exterior docks, 15 drive-in doors, significant auto parking and trailer storage, was developed by ML Realty Partners and HSA Commercial Real Estate. The center is 100% leased. Steve Connolly, Mark Moran and John Whitehead with NAI Hiffman represented the center. Tim Cahill and Dan Rasmussen with UGL Equis represented Hanger Orthopedic, and Jason West and Sean Henrick with Cushman & Wakefield represented Container and Pool Solutions.

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

Adam Roth: Rail is the Future and Chicago is on the Right Track

June 2, 2011

As Reported by Mark Thomton in REjournals.com on May 25, 2011

Adam Roth has worked in the distribution and logistics industry from almost every angle imaginary. From working as a third-shift dock supervisor in a small Midwestern market while employed by a logistics company, to dealing with C-suite executives as a member of NAI Hiffman’s Industrial Services Group, he can honestly say that he has worked on both sides of the equation.

As the cost of fuel prices go, so does the industry. Roth works extensively at the CenterPoint Intermodal Center in Joliet and Elwood and he recently explained to Mark Thomton, editor of the Illinois Real Estate Journal, why rail is going to play an increasing role in distribution operations and why Chicago is perfectly situated to capitalize on it for the foreseeable future.

How did you get started in commercial real estate?

Before getting into commercial real estate I was in the logistics industry for just over 10 years. I was transferred to Chicago while I was working at a 3PL. Two close friends of mine, unsolicited, mentioned that I would be good at real estate. Read more

Posted by NAI Hiffman | Filed Under Adam Roth, Industrial, Logistics, Media Coverage, O'Hare International Airport

DEVICOR MEDICAL PRODUCTS OPENS OFFICES IN SIX CITIES WORLDWIDE

April 14, 2011

NAI Hiffman assists new medical products developer in securing office leases globally

Adam Roth, CCIM, SIOR

Chicago, IL (April 14, 2011) – Cincinnati, Ohio-based Devicor Medical Products, Inc. has signed leases totaling over 40,000 square feet of office space in six cities worldwide with assistance from NAI Hiffman and five other NAI Global member firms on three continents. NAI Hiffman’s Adam Roth, CCIM, SIOR, served as the coordinating broker for their global expansion. The newly created company commenced their operations less than one year ago, identifying six cities where they required office space for their local sales force. The leases signed to date total over $6 million in transaction value.

The latest lease was signed with assistance from Hideki Tsuchiya and Akiko Takatsugi with NAI Japan in Chiyoda-ku Tokyo, where Devicor Medical leased 2,404 square feet of space at 1-8-3 Marunouchi in a building owned by Mori Trust.

The company’s headquarters, which are located in the Cincinnati area, opened for business in June of 2010. The 29,891-square-foot office is in a 150,000 square foot building at 300 E-Business Way in Sharonville, Ohio. Andrew Kahn with NAI Bergman represented Devicor in the transaction locally.

Jon Salkin, executive vice president of corporate development and strategy with Devicor Medical Products, said “NAI provided market insight with local brokers who made the execution of our multiple market requirements a focused, deliberate process.” He added, “the result was a speedy rollout of our new company within budget and on time for our people on the ground.”

Devicor’s Paris office lease commenced in January 2011. Mickael Jones of NAI France assisted in identifying the 3,154-square-foot space located at 1 rue Camille Desmoulins in Issy les Moulineaux, a suburb situated just southwest of the city’s 15^th arrondissement.

Also opening in January was Devicor’s Hamburg 1,000-square-foot office, located at Suedportal 3 in Norderstaedt, Germany. Martin Hoeppler with NAI apollo assisened with the transaction locally.

Devicor also recently completed leases in Rome, Italy and Seoul, Korea.

Posted by NAI Hiffman | Filed Under Adam Roth, Corporate Solutions, General Business, Logistics, Media Coverage, Medical, NAI Global, Office, Press Releases

Sappi renews with 225k SF direct lease in Bedford Park

April 12, 2011

REJournals.com, Staff Writer

Sappi Paper, 6558 W 73rd Street, Bedford Park, IL

UGL Services, a division of UGL Limited has announced that Sappi Fine Paper North America, a global paper products manufacturer and supplier, has inked a 225,000-square-foot lease for industrial warehouse space at 6558 W. 73rd Street in Bedford Park, Ill.

William Strey, vice president of the UGL Services industrial group in Chicago, and Dirk Hrobsky, UGL Services executive vice president in New York City, represented Sappi in negotiations for a long-term lease for space inside this 309,479-square-foot rail-served warehouse near the I-55 Industrial Corridor. Adam Roth, vice president of NAI Hiffman, represented the landlord, the Mirvac Industrial Trust. Mirvac has 64 industrial assets in the Chicago region.

This is the first direct lease between Sappi and Mirvac in the Chicago market. Prior to this time, Sappi had a sublease arrangement with another tenant at its current location, a 3PL service provider to the retail industry, the Nexus Distribution Group. As the expiration date approached, Sappi engaged UGL Services to conduct a market survey and analysis of alternative industrial space for possible relocation. The team looked at sites in close-by Bridgeview and in Alsip, but in the end opted to remain in place. The direct lease agreement has helped to minimize Sappi’s business operating risk and it has resulted in a significant decrease in their occupancy costs.

According to Bill Strey, “we looked at several possible alternative locations. However, the current building’s amenities and location, along with aggressive economic terms, worked well for Sappi’s long term business plan.”

Final terms of the lease agreement were not divulged.

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