Regent O’Hare leasing activity heats up with 3 new transactions totaling over 55,000 SF
ELK GROVE VILLAGE, IL (September 7, 2016) – NAI Hiffman is pleased to announce Terry Herlihy recently represented ownership of Regent O’Hare, a joint venture between Distribution Realty Group (DRG) and Pearlmark, in its 3 latest leases totaling 55,940 square feet of space in Elk Grove Village, Illinois.
In the largest of the transactions, Wigdahl Electric, a key services provider for wireless, telecommunication, and electrical companies, signed a lease for 30,000 square feet of industrial space at 1802 Brummel Avenue. Jonathan Kohn and Tom Rodeno of Colliers represented Wigdahl Electric.
At 507 Busse Road, Koeckritz Rugs signed a 22,500-square-foot lease. The company has been in the floor-covering business for over 40 years, providing its customers with pre-made, name brand manufacturers’ area rugs and custom cut broadloom area rugs. John D’Orazio of Colliers represented Koeckritz Rugs
PreGel AMERICA, the U.S. subsidiary of PreGel, a global ingredient company that manufactures and distributes ingredients for various desserts, will be occupying 3,440 square feet of flex office space at 915 Busse. Ed Lowenbaum of Cresa represented PreGel AMERICA.
Regent O’Hare is an eight-building business park totaling nearly 1 million square feet of industrial and flex office space in the heart of the O’Hare submarket, along Busse Road in Elk Grove Village. The asset currently has 16 available spaces ranging from 2,400 to 63,000 contiguous square feet. Features include NAI Hiffman on-site management, a high car parking ratio, a prime location surrounded by restaurants and retailers, and close proximity to O’Hare and major highways.
About NAI Hiffman
Comprised of over 150 real estate professionals, NAI Hiffman provides leasing, management and investment sales representation for owners and occupiers of commercial real estate in the Chicago metro market. It currently leases and manages a 54+ million SF portfolio of over 600 commercial properties throughout metropolitan Chicago, Northwest Indiana and Southeast Wisconsin. NAI Hiffman is the Chicago-area representative for NAI Global, the world’s largest managed network of real estate service providers, has more than 375 offices strategically located throughout North America, Latin America, Europe and Asia Pacific, with over 6,700 local market professionals, managing over 380 million square feet of property.