NAI Hiffman, the largest independent real estate services firm in the Midwest, today announced it represented Our Children’s Homestead (OCH) in a 12,599-square-foot lease at 280 Shuman Blvd. in Naperville, Ill., valued at $2.5 million. Formerly located at 387 Shuman Blvd., OCH, a 501(c)(3) nonprofit that serves youth in the foster care system, sought new customized space that will allow it to expand its services.
NAI Hiffman’s Aubrey Van Reken-Englund, vice president, and Tabitha Dozier, associate, represented OCH in the transaction, securing significant concessions from landlord Atrium Acquisition LLC, which was represented by Ryan Moen of Bradford Allen. They included a substantial rent reduction, 10 months of rent abatement and cash allowance for furniture and moving expenses. The lease starts in June 2020.
“Nonprofits must be very cost-conscious, especially with uncertainty around federal and state budgets,” said Van Reken-Englund. “But at the same time, they may need to expand in order to serve their constituents. Following a comprehensive search, we were able to find OCH a larger home at a reasonable cost, so it can focus on what it does best: helping children and families.”
Built in 1979, 280 Shuman Blvd., known as The Atrium, is a two-story, 69,077-square-foot office complex. It is currently undergoing renovations to transform the space below its atrium into a light-filled shared lounge with collaborative workspaces. Both the Naperville and Route 59 stops of the Metra commuter train are a short drive from the building, and it is adjacent to Interstate 88.
Van Reken-Englund and Dozier also represented School and Community Assistance for Recycling and Composting Education (SCARCE) in an 18,900-square-foot lease for flexible office/retail space at 800 S. Rohlwing Road in Addison, Ill., valued at $2.2 million. Landlord 800 S. Rohlwing Ventures LLC was represented by Forefront Properties.
SCARCE, a 501(c)(3) nonprofit providing environmental education and recycling programs to local schools and communities, will move to the facility from a smaller location in Glen Ellyn in spring 2020. The organization needed a combination of office space, classrooms for presentations, retail space with street visibility, flex space for a scissor lift and overhead door for loading and drop-off of used books and school supply donations, among other things.
“SCARCE had a unique set of needs that offered a challenge in finding the right property,” said Van Reken-Englund. “800 S. Rohlwing was a perfect solution, providing flex office and retail with great visibility along Route 53.”
Built in 1998, 800 S. Rohlwing is part of a 42,341-square-foot corporate center near retail and restaurants at the intersection of North Avenue and Rohlwing Road, the local name for Illinois Route 53. The property also offers convenient access to I-355, located immediately to the west.
In 12 years with NAI Hiffman, Van Reken-Englund and her team have completed more than 200,000 square feet of deals for nonprofit clients, valued at over $21 million.
About NAI Hiffman:
NAI Hiffman is the largest independent real estate services firm in the Midwest, providing leasing, management, tenant representation, capital markets, project management and marketing services for institutional and private owners and occupiers of commercial real estate. It currently leases and manages an 89+ million square foot portfolio of more than 700 commercial properties throughout the region, with a primary focus on metropolitan Chicago. With more than 200 employees, NAI Hiffman is the Chicago-area representative for NAI Global, the world’s largest managed network of real estate service providers, with more than 6,700 local market professionals managing more than 380 million square feet of property. NAI Global has more than 375 offices strategically located throughout North America, Latin America, Europe and Asia Pacific. For more information, please visit www.hiffman.com.
NAI Hiffman represented Our Children’s Homestead (OCH) in a $2.5 million lease at 280 Shuman Blvd. in Naperville, Ill.