Hiffman National to Manage Oakbrook Terrace Tower
Hiffman National, a leading national management services firm, has been engaged by BLK IL Tower LLC to manage Oakbrook Terrace Tower, a 792,000-square-foot office building located at 1 Tower Lane in Oakbrook Terrace.
Designed by late architect Helmut Jahn, Oakbrook Terrace Tower is the tallest building in Illinois outside of Chicago. “We are committed to bringing our superior level of service to this highly recognizable property, maintaining its reputation as one of the most desirable office addresses in Chicago’s western suburbs,” said Dave Petersen, Hiffman CEO. “Our management team is already working with ownership to identify opportunities for the tower as part of the 2024 planning process.”
Hiffman National will provide property management, project services and accounting for the 31-story building. Oakbrook Terrace Tower already is home to major corporations such as Bosch, a global supplier of technology and services. The building has a 75% occupancy rate, consistent with the East-West Corridor submarket average of 75.8%, according to Hiffman research.
Carrie Szarzynski, senior vice president at Hiffman National, and Heather Battaglia, portfolio manager, will oversee on-site management at Oakbrook Terrace Tower. The firm also has retained six members of the property’s prior management team to ensure a seamless transition.
Oakbrook Terrace Tower is located at the intersection of Route 83 and Roosevelt Road. On-site amenities include a full-service fitness center with swimming pool, salon, Starbucks coffee bar, conference center and deli cafe. Tenants also have access to an underground parking garage, electric car charging stations and a car wash.
Hiffman National’s management services portfolio has grown to 87 million square feet in 27 states across a variety of property types, including industrial, retail, office and medical office.
- “Hiffman National Tapped to Manage Tallest IL High-Rise Outside of Chicago” – Connect CRE
- “Hiffman National to manage 792,000-square-foot Helmut Jahn-designed office building in Oakbrook Terrace” – RE Journals
- “Hiffman National Takes Charge of Illinois’ Largest High-Rise Outside Chicago” – Traded: Chicago
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 an award winning company headquartered in suburban Chicago, with more than 250 employees strategically located throughout North America.
About Hiffman National:
Hiffman National is one of the US’s largest independent commercial real estate property management firms, providing institutional and private clients exceptional customized solutions for property management, project management, property accounting, lease administration, marketing, and research. The firm’s comprehensive property management platform and attentive approach to service contribute to successful life-long relationships and client satisfaction. As a nationally bestowed Top Workplace, and recognized CRE award winner, Hiffman National is headquartered in suburban Chicago, with more than 250 employees nationally and an additional six hub locations and 25 satellite offices across North America.