March 2023
One Story Schaumburg Completes Amenity Center
The owners of One Story Schaumburg, The Equitable Funds and Berger Asset Management LLC, announced the completion and opening of a newly constructed tenant amenity center and the expansion of its highly successful spec suite leasing program. The announcement comes on the heels of the completion of lease transactions totaling 11,473 square feet of space.
One Story Schaumburg is a campus of six single-story, multi-tenant office buildings totaling 130,000 square feet of space located at 1340 Remington Road.
Steve Chrastka and Jason Wurtz, both Executive Vice Presidents from NAI Hiffman are the exclusive leasing representatives for One Story Schaumburg.
Spec Suites Expanded as Amenity Center Completed
Building ownership is expanding its popular Spec Suite program to offer businesses move-in ready spaces in the 630 to 3,000-square-foot range. All spaces have brand-new finishes and fixtures, new dedicated HVAC units, kitchenettes and restrooms.
In addition to the operable windows, each suite has an abundance of natural light as a result of skylights and interior courtyards.
The new suites are now under construction and will be available by the Spring of 2023.
Upon the acquisition of One Story Schaumburg, property ownership created an amenity center that is available to all tenants. The amenity center includes a tenant lounge, coffee bar and vending as well as a conference center fully equipped with wifi.
Leasing Activity is Strong
Four transactions totaling more than 11,000 square feet of space were recently completed at the 1340 Remington Road building and include:
- FCx Performance completed a lease for 5,231 square feet of space. The company was represented by Cushman & Wakefied.
- The Certification Board for Diabetes Care and Education (CBCDE) completed a lease for 2,321 square feet of space. The organization was represented by Cresa.
- Prime Line Transportation leased 1,964 square feet of space and was represented by Tenant Advisors.
- QPS Employment Group completed a lease for 1,957 square feet and was represented by Brown Commercial.
One Story Schaumburg was assembled in two separate acquisitions. The Equitable Funds acquired the first Schaumburg asset, a four-building single-story multi-tenant office complex of approximately 84,000 square feet located at 1305–1375 Remington Road in December of 2020. The second piece was added in September of 2021 when the two buildings at 1340–1350 Remington Road totaling approximately 46,000 square feet were acquired.
One Story Schaumburg is located immediately north of Woodfield Mall, north of the Golf and Meacham Roads’ intersection which positions the property within steps of a wide variety of amenities including shopping, restaurants and hotels. The property’s proximity to the full I-90 interchange at Meachum provides convenient connections to I-290, I-355 and IL-53. O’Hare International Airport is less than 15 miles away and downtown Chicago is approximately 30 miles from the property.
The Equitable Funds, established by Jonathan Berger and Josh Silverglade in 1999, is a diversified real estate investment and management firm. Over a 20-year period the principals have completed more than $250 million of real estate acquisitions and dispositions.
RELATED READING: Equitable Funds, Berger Asset Management Complete Amenity Center, Expand Spec Suites at Suburban Chicago Office Property – RE Business Online
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.
