Hiffman National, a leading national management services firm, today announced it has been engaged by BLK IL Tower LLC to manage Oakbrook Terrace Tower, a 792,000-square-foot office building located at 1 Tower Lane in Oakbrook Terrace, Ill. Designed by late architect Helmut Jahn, Oakbrook Terrace Tower is the tallest building in Illinois outside of Chicago.
“We are committed to bringing our superior level of service to this highly recognizable property, maintaining its reputation as one of the most desirable office addresses in Chicago’s western suburbs,” said Dave Petersen, CEO of Hiffman. “Our management team is already working with ownership to identify opportunities for the tower as part of the 2024 planning process.”
Hiffman National will provide property management, project services and accounting for the 31-story building. Oakbrook Terrace Tower is already home to major corporations such as Bosch, a global supplier of technology and services. The building has a 75% occupancy rate, which is consistent with the East-West Corridor submarket average of 75.8%, according to Hiffman research.
Carrie Szarzynski, senior vice president at Hiffman National, and Heather Battaglia, portfolio manager, will oversee on-site management at Oakbrook Terrace Tower. The firm has also retained six members of the property’s prior management team to ensure a seamless transition.
Oakbrook Terrace Tower is centrally located at the intersection of Route 83 and Roosevelt Road, 30 minutes from downtown Chicago, 15 minutes from O’Hare International Airport and a short walk from Oakbrook Center mall, which offers more than 160 stores, restaurants and entertainment venues. On-site amenities at Oakbrook Terrace Tower include a full-service fitness center with swimming pool, salon, Starbucks coffee bar, conference center and deli café. Tenants also have access to an underground parking garage, electric car charging stations and a car wash.
Rather than a one-size-fits-all approach, Hiffman National offers management services tailored to each client. This customized approach differentiates the firm from larger management services companies and has been key to its growth. Hiffman National’s management services portfolio has grown to 87 million square feet in 27 states across a variety of property types, including industrial, retail, office and medical office.
About Hiffman National:
Based in the Chicago area, with an additional eight regional hubs and 30 satellite offices, Hiffman National provides superior property management, project services and accounting services to a diverse portfolio including office, medical office, retail and industrial properties nationally. The firm’s comprehensive property management platform and attentive approach to service contributes to client NOI and has helped the firm to more than double in size in five years. A multi-year winner of the “Property Management Firm of the Year” award from the National Association for Industrial and Office Property (NAIOP) and other awards, Hiffman National started as a division of NAI Hiffman and officially launched as a separate company offering nationwide management services in 2019. For more information, visit hiffman.com.
Oakbrook Terrace Tower Exterior: Hiffman National, a leading national management services firm, has been chosen as property manager of Oakbrook Terrace Tower, a 31-story, 792,000-square-foot high-rise designed by late architect Helmut Jahn that is the tallest building in Illinois outside of Chicago.
Oakbrook Terrace Tower Interior: Oakbrook Terrace Tower, now managed by Hiffman National, features a five-story lobby boasting Italian marble and a stainless steel sculpture by Nancy Graves.