NAI Hiffman, the largest independent real estate services firm in the Midwest, today announced it recently brokered the sale-leaseback of a 251,909-square-foot warehouse located at 1455 W. Thorndale Ave. in Itasca, Ill., about 5 miles west of O’Hare International Airport.
Patrick Sullivan, executive vice president of capital markets, and Eric Tresslar, executive vice president of industrial services, represented Top-Line Furniture in the $36 million sale of its facility to High Street Logistics Properties, headquartered in Woburn, Mass. Top-Line Furniture subsequently entered into a long-term lease for the property.
1455 W. Thorndale Ave. is located in the highly sought-after O’Hare submarket, where the current vacancy rate is 2.09%, according to NAI Hiffman research.
About NAI Hiffman
NAI Hiffman is one of the largest independent commercial real estate services firms in the US, with a primary focus on metropolitan Chicago, and part of the NAI Global network. We provide institutional and private leasing, property management, tenant representation, capital markets, project services, research, and marketing services for owners and occupiers of commercial real estate. To meet our clients’ growing needs outside of our exclusive NAI Hiffman territory, we launched Hiffman National, our dedicated property solutions division, which provides property management, project services, and property accounting services across the country. NAI Hiffman | Hiffman National is headquartered in suburban Chicago, with more than 200 employees strategically located throughout North America. For more information, please visit hiffman.com.
About Top-Line Furniture Corp.
Top-Line Furniture Corp. was established in 1995 as a furniture distribution company servicing the top brick and mortar retail companies in the U.S. and Canada. Alongside a thriving distribution infrastructure, Top-Line Furniture researches, designs, and implements original furniture lines with the ability to predict industry trends and excel within the marketplace by providing high quality products at a competitive price point. For more information, visit http://www.topline-furniture.us/
About High Street Logistics Properties
High Street Logistics Properties is a private equity real estate investment management company that invests exclusively in industrial and logistics properties. For more information, visit http://www.highstreetlp.com
