Retail Investors Optimistic About Greater Oak Brook Market
As seen in the Trib Local
Some of the most successful retail developers in the nation have made major investments here in Oak Brook and Oakbrook Terrace. A few of these developers include Dennis Hiffman, chairman NAI Hiffman and CEO of NAI Hiffman and John R. Calfa of JRC Investments. These commercial real estate experts have reliable insights to share about the Greater Oak Brook retail market.
Hiffman is confident the Oak Brook and Oakbrook Terrace office and retail markets will continue to forge ahead of other markets. “Oak Brook and Oakbrook Terrace are well-thought out, mature and business-friendly communities, and the depth of these markets is very good,” Hiffman said. “Both communities also have a more diverse mix of businesses than other communities, which motivates more businesses to gravitate here.”
Calfa is also very optimistic about retail development in Oakbrook Terrace, especially now that the 22nd Street road widening project is nearing completion. He also believes the addition of sidewalks on both sides of 22nd Street along Butterfield Road, between Rt. 83 and Midwest Road will greatly increase foot traffic for retail businesses.
“I’ve seen the economy improve over the last six months,” Calfa said. “And, in my opinion, the 22nd Street improvements will make this one of the most important retail corridors in DuPage County.”
“I’m also very excited about the addition of the Tilted Kilt at JRC Plaza,” Calfa said. “This restaurant will bring critical new business to the area that will benefit Oakbrook Terrace and its commercial tenants.”