The Globe St Deal Wrap

January 8, 2012

As seen in Globe St

SCHAUMBURG, IL- KBS Real Estate Investment Trust, based in Newport Beach, CA, has finalized two lease agreements for 32,207 square feet at its Woodfield Preserve Office Center complex here. KBS acquired the 647,216-square-foot property in 2007. Hitachi High Technologies America, a developer of electron microscopy solutions, renewed its 26,595-square-foot lease on the fifth floor of Woodfield Preserve I. Chad Freese and Victor Toft with CBRE in Chicago represented Hitachi in the transaction. Nippon Life Insurance of America, a subsidiary of Japan-based Nippon Life Insurance Co., signed a new lease for 5,612 square feet at Woodfield Preserve II. Nippon Life was represented by Dan O’Neill with NAI Hiffman and Tak O’Hara with White Cube. Mark Smith, Rob Graham and Allison Reynolds with CBRE’s Schaumburg’s office represented KBS in the two transactions.

WHEELING, IL- Ellen Steinbrecher and CJ Kuehl, both principals with Lee & Associates of Illinois LLC represented National Louis University in its lease of 11,199 square feet of office space in the Capitol Commerce Center here. Jason Streepy with NAI Hiffman represented building ownership in the transaction.

ROMEOVILLE, IL- Distribution 2000 Inc., a third-party public warehouse and distribution firm offering food grade storage, has leased 236,000 square feet at 1165 Crossroads Parkway here. The new lease is a relocation and consolidation from two locations, with an increase in total square footage by 61,000 square feet. Sally Macoicz, a senior director with Cushman & Wakefield of Illinois Inc., represented the tenant in the five-year lease. Dan Leahy and Adam Roth with NAI Hiffman represented the landlord, TA Associates. The 471,500-square-foot industrial warehouse building was built in 2004.

Posted by NAI Hiffman | Filed Under Industrial, Office 

A. M. Castle Plans to Move HQ to Oak Brook Office Complex

December 1, 2011

As seen in Globe St

CHICAGO-A. M. Castle & Co., a specialty metals distributor, is planning to relocate its headquarters to an office complex in Oak Brook from its current location in Franklin Park. The company will occupy 39,361 square feet at the Crossings, a 303,510-square-foot complex at 1420 Kensington Road.

A. M. Castle will retain its manufacturing facility measuring 522,600 square feet at 3400 N. Wolf Road. Dan O’Neill with Oakbrook Terrace-based NAI Hiffman represented Boston-based Davis Cos., the landlord, in the lease transaction.

Posted by NAI Hiffman | Filed Under Industrial, Office 

Cole Taylor renews big Rosemont lease

December 1, 2011

As seen in Chicago Real Estate Daily

As seen in GlobeSt

As seen in Real Estate BISNOW

Cole Taylor Bank has renewed a 114,762-square-foot lease for its headquarters at Pointe O’Hare, 9550 W. Higgins Road in Rosemont, according to the bank’s office broker, Jones Lang LaSalle Inc. It is the largest lease in the O’Hare submarket this year. Cole Taylor’s lease was scheduled to expire at the end of September 2014, before the five-year extension was signed. The bank was represented by Managing Director Jeffrey Liljeberg and Executive Vice-president Eric Kunkel of Jones Lang. The building representatives were Jason Streepy and Linda Garske, senior vice-presidents for NAI Hiffman. The building has 278 of Cole Taylor’s 640 employees, which includes commercial real estate, asset-based lending, customer service, operations and other back-office functions, a bank spokesman says. “This central location, along with our downtown commercial banking offices and local banking centers, gives us easy access to our clients and prospects throughout the Chicago area and, when combined with the recent consolidation and relocation of our mortgage company headquarters in Ann Arbor, Mich., positions the bank for growth,” Mark Hoppe, the bank’s president and CEO, says in a statement.

Posted by NAI Hiffman | Filed Under Office 

Celergo Expands Operations by 4,843 SF

November 13, 2011

As seen in Globe St

Seen in Real Estate BISNOW

DEERFIELD, IL-Celergo, a provider of outsourced global payroll services, has expanded its operations at 750 Estate Dr. by 4,843 square feet to a total of 18,182 square feet within the 26,200-square-foot, class B, single-story office building. Michael Flynn and Jason Wurtz with NAI Hiffman’s office services group represented landlord ECD Co. Chris Cummings with Colliers International represented Celergo in the transaction.

Posted by NAI Hiffman | Filed Under Office 

BIOTRONIC SIGNS LEASE AT TWO TRANS AM PLAZA

November 8, 2011

As seen in Real Estate BISNOW 

Biotronic has signed a lease for 3,920 SF at Two Trans Am Plaza, a 118k SF multi-story office building in Oak Brook. Owner Broe Real Estate was repped by NAI Hiffman’s Michael VanZandt, Brian Edgerton, and Matt Novak. LaSalle Venture’s Marty Schatz repped Biotronic.

Posted by NAI Hiffman | Filed Under Office 

Oak Brook Promenade Adds Two New Office Tenants

November 6, 2011

As seen in GlobeSt

OAK BROOK, IL-The Oak Brook Promenade has recently added two new office tenants to its roster at the 185,000 square-foot, mixed-use property at Butterfield Road at Meyers Road here. DuPage Medical Group will occupy 4,362 square feet and GolfTEC Enterprises, LLC will occupy 2,279 square feet of the office space on the second floor of the east side of the center. DuPage Medical will be using their space for a Family Medicine Practice. GolfTEC provides individual, indoor golf lessons. The upscale, open-air center, situated just off Interstate 88, is home to a mix of retailers, restaurants, office and medical tenants. Michael Van Zandt, senior vice president, and Brian Edgerton, vice president, with NAI Hiffman’s office services group, represented the landlord, Oak Brook Promenade LLC. Tim Rose with Location Finders International Inc. represented DuPage Medical Group. Jason Gustaveson with Stone Real Estate represented GolfTEC. The property is managed by NAI Hiffman’s Asset Management Group.

Posted by NAI Hiffman | Filed Under Office 

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