Mitsubishi Materials renews 13,700 SF office lease in Schaumburg
NAI Hiffman represented 1300-1320 North Plum Grove Road in a lease renewal with Mitsubishi Materials for 13,700 square feet of office space in Schaumburg, Illinois.
Headquartered in Los Angeles, Mitsubishi Materials is a leading manufacturer and supplier of cutting tools for the metalworking industry. Located at the property for over 5 years, Mitsubishi’s Schaumburg location houses the firm’s marketing, sales, and engineering office.
1300-1320 North Plum Grove Road, managed and leased by NAI Hiffman has only 2 units remaining ranging in size from 10,000 to 12,500 square feet. The 72,461-square-foot flex building offers drive-in doors, loading docks, 18′ clear ceiling heights, flexible parking, easy access to I-90, I-290 and Route 53, and is in close proximity to numerous restaurants and shops.
Michael Flynn, CCIM, SIOR, executive vice president, and Jason Wurtz, vice president, with NAI Hiffman’s office services group, represented Sun Life Assurance Company of Canada. Tak O’Haru of WHITE CUBE LLC represented Mitsubishi Materials in the transaction.