November 2024
NAI Hiffman, RE Development Solutions partner for success at three office properties in Chicago’s Western suburbs
NAI Hiffman and RE Development Solutions partnered for office leasing success at three properties in the Western suburbs of Chicago.
Hiffman brokers Pat Kiefer and Steve Chrastka serve as primary listing agents for the properties and RE Development Solutions Leasing Director Jeremy Szybowicz oversees leasing activity for the buildings.
Since the start of 2024, the pair of brokers combined to close multiple deals totaling approximately 70,000 square feet at 1200 Internationale Parkway in Woodridge, 4355 Weaver Parkway in Warrenville and 2200 Cabot Drive in Lisle.
According to Hiffman research, overall suburban vacancy in the Chicago suburban office market sits at 27% but RE Development Solutions currently maintains a 13% vacancy rate on their properties, outperforming the market by 14%.
At 1200 Internationale Parkway, upgrades to common area hallways, restrooms, common meeting rooms and tenant lounge spaces were completed to highlight the buildings ownership’s commitment to the building.
“It’s difficult to create demand for office space in our current market,” said Chrastka. “RE Development has always made it a point to roll up their sleeves and figure out what it takes to get a deal done and meet a tenant’s needs – this is what wins in today’s market.”
Similarly, RE Development Solutions implemented capital improvements at 4355 Weaver in Warrenville including a first-floor lobby renovation featuring new carpet, ceiling tiles, LED lighting, furniture, and an active digital Tenant directory. Those improvements contributed to the completion of four deals totaling over 10,000 SF.
2200 Cabot’s upgrades boasted a new lobby and an upgraded penthouse level complete with a full-service deli, modern furniture and a building conference room.
“We are lucky to have a partner like RE Development Solutions,” said Kiefer. “They are a hands-on landlord who continually reinvest in their buildings to provide their tenants with amenities that are important to their employees in a boutique office environment.”
The collaboration between NAI Hiffman and RE Development Solutions demonstrates the power of a strategic partnership in driving office leasing activity in the Western suburbs of Chicago. By offering modern amenities, a tenant-focused approach, move in ready spaces and ongoing property improvements, these companies position themselves as leaders in the market.
About Hiffman National:
Based in the Chicago area, with an additional five regional hubs and 30 satellite offices, Hiffman National provides superior property management, project services and accounting services to a diverse portfolio including office, medical office, retail and industrial properties nationally. The firm’s comprehensive property management platform and attentive approach to service contributes to client NOI and has helped the firm to more than double in size in five years. Hiffman National is an award-winning company with more than 250 employees strategically located throughout North America.
About NAI Hiffman:
NAI Hiffman is one of the largest independent commercial real estate services firms in the US, with a primary focus on metropolitan Chicago, and part of the NAI Global network. We provide institutional and private leasing, property management, tenant representation, capital markets, project services, research, and marketing services for owners and occupiers of commercial real estate. To meet our clients’ growing needs outside of our exclusive NAI Hiffman territory, we launched Hiffman National, our dedicated property solutions division, which provides property management, project services, and property accounting services across the country. NAI Hiffman | Hiffman National is and award winning company headquartered in suburban Chicago, with more than 250 employees strategically located throughout North America.
