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August 2010

NAI Hiffman to manage 925k s.f. industrial portfolio

High Street Equity Advisors, LLC, a Boston, Massachusetts-based real estate investment firm, has awarded the exclusive leasing and management of its new Chicago industrial portfolio to NAI Hiffman, an Oakbrook Terrace, Ill.-based real estate services provider.
The 925,170-square-foot portfolio, consisting of eight buildings in Chicago’s Central DuPage, O’Hare and Northwest Cook submarkets, was recently purchased from TA Associates Realty (“TA Realty”), also of Boston. High Street currently owns three additional assets in the Chicago area.

NAI Hiffman’s leasing team includes Brian Colson, Mark Moran, Eric Tresslar and Irv Malik, all with the firm’s Industrial Services Group. The property management team will be led by Gail Vermejan, Doug Krahnke and Cori Bedford with NAI Hiffman’s Asset Management Group. The combined team will focus on the execution of a collaborative plan to retain tenants and continue cost-savings and tenant accommodations through the property management services.

“Being given the responsibility for a portfolio of this size is a tremendous opportunity and we are very pleased to start providing our integrated services to High Street,” said David Petersen, COO of NAI Hiffman, in  a released statement. “We are extremely pleased that High Street saw the value of our combined management and leasing platform, which creates a unified delivery of services.”

Source: REJournals.com

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