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May 2024

Hiffman Project Services Builds Out Old Second Bank Office

Hiffman National’s Project Services team was proud to help Old Second Bank transform goals into reality as the bank built out their new office space in suburban Chicago. Project Services collaborated with Old Second, general contractor ICG, architect Perkins & Will, and vendors to construct a new environment to fulfill Old Second’s vision of a workplace that would serve employees, clients and visitors, elevate the organization’s brand, and complement its business objectives.

Ariadne Kerekes, Hiffman National project manager, thoroughly examined the finish selections and suggested adjustments in areas to provide cost savings while not skimping on the overall aesthetic of the space. The proposed furniture package was estimated at $55 per square foot of space but Ariadne was able to fine-tune the selection which brought the cost down to approximately $45 per square foot.

“Our project services team was involved from the beginning of this process and ensured that this project was finished on time and within the budget range,” said NAI Hiffman Executive Vice President – Office Services, Jim Adler. “Their involvement in the site selection and lease negotiation phases really set the project for a successful outcome thanks to the expertise of Ariadne Kerekes and Tom Murphy.”

“It was great to see the synergy between the NAI Hiffman Brokerage and Hiffman Project Services teams on behalf of Old Second National Bank,” said Hiffman National Managing Director, Head of Project Services, Tom Murphy. “The ability for our project team to join Jim Adler and Dan Hiffman during the space selection phase allowed for Hiffman to execute on the highest level on behalf of Old Second. Our ability to provide resources to support space planning, budgeting, site due diligence, contractor selection, furniture procurement, and overall construction coordination made the lease transaction highly efficient. Old Second is an amazing client thanks to their senior leadership ability to make sound decisions and ability to effectively communicate expectations with respect to project scope and overall design.”

For more information on Hiffman Project Services, contact:

Tom Murphy
Managing Director, Head of Project Services
630-272-7063
tmurphy@hiffman.com


About Hiffman National: 

Hiffman National is one of the US’s largest independent commercial real estate property management and advisory firms, providing institutional and private clients exceptional customized solutions for property management, facility management, advisory services, accounting, lease administration, lender services, project management, 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.

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.

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