DUPAGE COUNTY

THE PROVEN AND PREMIER
GLOBAL BUSINESS LOCATION

 

Choose the business-friendly environment, where commerce flourishes.
Choose the high quality-of-life, where a skilled workforce thrives.
Choose the globally accessible location, where opportunity arrives from every direction.

 

Choose the people, the place, the prosperity of DuPage County.

 

CHOOSE THE DUPAGE DIFFERENCE.

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Plans in place to renovate Butterfield Office Plaza

 

Clear Height Properties and its JV partner Corcoran Commercial Real Estate, have launched the renovation and repositioning plans for 26Twentyfive, formerly known as Butterfield Office Plaza which was acquired in July. 

 

In conjunction with the launching of that program, the partnership has retained Oakbrook Terrace-based NAI Hiffman to lead the rebrand of the property and manage and lease the building. Executive Vice President Dan O'Neill, Senior Vice President Adam Johnson and Associate Ryan Maher of NAI Hiffman have been retained by the new owner to lead the leasing efforts. In doing so, the NAI team will leverage a modern brand, new name and website while differentiating the project from the many office centers, plazas and parks in the greater Oak Brook area. 

 

2625 Butterfield is a 200,774, square-foot, multi-story office building situated on 10 acres with premier visibility from the I-88 Tollway. The property has office spaces available for lease ranging in sizes from 700 to 9,000 square feet. 

 

"26Twentyfive, is an exciting edeavor for us," said Dominic Sergi, CEO and president of Clear Height Properties. "We are excitied to reposition this asset into a new modern workplace environment that will inspire users of various sizes."

 

A robust capital and redevelopment plan has been established for the asset in the coming months. Chief among the priorities for the renovated and repositioned 26Twentyfive include further amentizing the asset with the addition of modern conference facilities, fitness center, refreshed entrance, lobby and expanded WiFi lounge. 

 

"The amenity race isn't just for the trophy, class A assets anymore. Businesses looking to attract a multigenerational workforce while providing a premier location for its employees and clients is important more now than ever," Johnson said. "We are excited to work with Clear Height Properties to breathe new life into a well-located office asset, with outstanding, untapped potential."

 

Press release issued by NAI Hiffman.

 

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Aldi expands corporate footprint in Naperville

 

The discount retailer will continue to operate its headquarters in Batavia and will lease additional space at 1000-1100 East Warrenville Road in Naperville, also known as the Napervile Woods Office Center. 

 

The quickly growing retailer said it will lease about 113,000 square feet of space at the office center, representing 80 percent of the space vacated by Health Care Service Corp.

 

Aldi said last year it would invest $3.4 billion to expand its U.S. store base from more than 1,700 currently to 2,500 by 2022. The company did not immediately respond Tuesday to requests about the corporate expansion or how many people will work in Naperville. 

 

Health Care Service Corp., a national insurance organization that provides health insurance services for more than 15 million customers, will lease about 32,000 square feet of space at the office center. Though this is an overall reduction in its footprint, Heath Care Corp. maintains its position as Naperville Woods' largest tenant with a total occupancy of about 175,000 square feet.

 

NAI Hiffman was retained by Agellan Commercial REIT in 2015 to lease and manage the two properties, which have about 490,000 square feet. Since then, the properties were updated with an on-site concierge service, new food service operation, fitness center, tenant lounges, electric vehicle charging station and Zagster bike sharing. 

 

"These two leases are truly the result of what can be achieved when ownership, management and leasing work together toward a common goal. We are extremely proud of the success we achieved as a team in this challenging market," said Pat Kiefer, NAI Higgman executive vice president. 

 

With the addition of these two transactions and lack of tenant expirations in the near future, Naperville Woods Office Center's availability rate is less than 2 percent, making it one of the most stable class A assets on the western end of the east-west corridor area, the company said.

 

Press release issued by NAI Hiffman.

 

Featured in Daily Herald.

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