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November 2022

Spec Suites Work! A Deep Dive into Regency Towers’ Wildly Successful Leasing Strategy

Recognizing the evolving office environment, American Realty Advisors chose to implement a spec suite program at Oak Brook Regency Towers in Oak Brook, Illinois. The initiative was wildly successful, with a full floor of spec suites developed and leased. Ownership has plans to move forward with another full floor of spec suite development. Here, NAI Hiffman’s Pat Kiefer details the strategy and implementation of the spec suite program.

Strategically conceived and implemented to address market factors such as supply chain limitations and cost concerns, the successful leasing story is a true bright spot and fantastic case study amid the recent challenges of the office market.

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