NAI Hiffman awarded leasing and management of Class A asset, Pine Meadows in Libertyville

NAI Hiffman announced it has been awarded the leasing and management assignment of Pine Meadows Corporate Center II by EverWest Real Estate Partners, a privately held real estate investment and operating company. Pine Meadows is a Class A, 90,258 square-foot office building located at 950 Technology Way in Libertyville, Illinois. With floor to ceiling windows, modern raised floor HVAC system, and golf course views, the property is a premier multi-tenant office building in the northern suburbs.

Pine Meadows is currently home to anchor tenant, Snap-on Credit, and serves as the division’s headquarters.

To re-establish the building’s brand and identity in the market, Jason Wurtz and Jason Streepy of NAI Hiffman’s office services team, will lead the brokerage team to market existing availabilities and promote new ownership. Plans to enhance the building’s tenant experience are underway including the recent completion of a new tenant lounge.

“This will be our third assignment working with EverWest Real Estate Partners and we are thrilled to expand our relationship with their firm,” said Bob Assoian, Managing Director with NAI Hiffman’s management services team. 

Mentioned in RE Journals, The Daily Herald Business Ledger, and Bisnow.

Aging Gracefully Wine Tasting Benefit raises $40,000 to benefit DuPage Senior Citizens Council

Pictured above: NAI Hiffman's Jason Wurtz, Sarah Lejman, Aubrey Van Reken, Krystyl Smalarz, Michael Quaid and Adam Johnson.

Pictured above: NAI Hiffman's Jason Wurtz, Sarah Lejman, Aubrey Van Reken, Krystyl Smalarz, Michael Quaid and Adam Johnson.

On Friday, November 21, 2014, DuPage Senior Citizens Council (DSCC) hosted its 5th annual Aging Gracefully Wine Tasting Benefit at Abbington Banquets in Glen Ellyn, IL. Aubrey Van Reken, vice president with NAI Hiffman's office services group, was the event chair of DSCC's planning committee and many NAI Hiffman personnel were in attendance.

Attendees spent the evening enjoying a variety of hors d’oeuvres and desserts, sampling the latest fine wines & craft beers, and hearing tips on pairings for the upcoming holiday season while having the opportunity to bid on exciting and unique auction items.

The event hosted over 320 guests in attendance, up from 260 last year. "We are proud to announce the event raised nearly $40,000 which will fund the DuPage Senior Citizen Council's ‘Meals on Wheels’ program and well-being checks that aid over 3,500 seniors in DuPage County," said Aubrey Van Reken.

DSCC provides 220,000 meals and 175,000 well-being checks each year to over 3,500 DuPage County seniors. These meals, often their only meal of the day, are made possible through the delivery efforts of staff and 1,700 volunteers. 

Next year, DSCC will host its 6th annual wine tasting benefit, scheduled to be held on Friday, November 20, 2015. For more information, visit www.dupageseniorcouncil.org.

ARC Healthcare selects NAI Hiffman to manage 5-building, 161,884 SF portfolio in Northwest Indiana

2001 US 41 Shererville, IN

2001 US 41 Shererville, IN

NAI Hiffman has been selected by American Realty Capital Healthcare Trust II, Inc. (ARC Healthcare) to manage a 161,884-square-foot portfolio made up of five medical office buildings in Northwest Indiana.

The buildings are anchored long-term by Franciscan Alliance Inc., one of the largest Catholic health care systems in the Midwest with 13 hospital campuses and a number of nationally recognized Centers of Health Care Excellence. The portfolio includes 757, 759, and 761 45th Street in Munster, 919 Main Street in Dyer, and 2001 US 41 in Schererville. Each property is strategically placed in a conveniently accessible location and four buildings are within one block from their affiliated hospital.

ARC Healthcare chose NAI Hiffman to serve as the portfolio’s property manager because of the company’s history and expertise in the medical office field, coupled with its strong local presence in the metropolitan Chicago area.      

“NAI Hiffman’s team has the experience and expertise best suited for this market,” said Sean Leahy, Vice President of Asset Management for New York-based American Realty Capital. “Having worked with NAI Hiffman on similar assets, I am confident their team will provide exceptional service to our tenants to ensure the project’s success.”

ARC Healthcare began its relationship with NAI Hiffman in 2013 when it acquired Rush-Copley’s medical office buildings in Aurora, Illinois and hired NAI Hiffman to manage and lease the property. ARC Healthcare has continued to select NAI Hiffman over national competitors to be its core provider of management services for its Chicagoland medical office portfolio. 
 
In the past year, ARC has also selected NAI Hiffman to manage 3340 South Park Avenue in Berwyn, Illinois and 10837 South Cicero Avenue in Oak Lawn, Illinois (Oak Lawn Medical Center). ARC has been expanding its portfolio into other Midwest markets in the last year with medical office acquisitions in Indiana and Minnesota. With its latest Indiana portfolio acquisition, NAI Hiffman's management services team currently manages 13 properties for ARC totaling 600,000 square feet of space. 
 
“We are pleased to expand our work with ARC Healthcare,” said Bob Assoian, Managing Director with NAI Hiffman’s management services team. “We have a great success story already with ARC’s medical office buildings across the Chicagoland market and look forward to doing the same with these five quality assets in Indiana.”

Mentioned by GlobeSt, REJournals, and The Daily Herald Business Ledger

NAI Hiffman hires industry veteran Perry Higa

NAI Hiffman has announced that industry veteran Perry Higa has joined the firm as a Senior Vice President with its Office Services group. Higa will be based at NAI Hiffman’s Oakbrook Terrace headquarters.

As a highly respected veteran of the Chicagoland real estate industry, Higa has represented numerous local and national corporate occupiers and various private and institutional owners over the course of his 30-year career. Some of his notable clients include CliftonLarsonAllen, Silver Cross Hospital, Brainlab, Valdes Engineering, and Hearthside Foods among many others.

“Perry’s extensive history as a top-producing dealmaker along with his valued industry relationships with his loyal client base will positively impact our brokerage success story,” said Dave Petersen, CEO of NAI Hiffman. “He represents the perfect addition to our leasing platform and we are pleased to add him to our team.”

As NAI Hiffman continues its momentum in growing its suburban Chicago office platform, adding to the team to serve more corporate clients and users is a natural growth strategy to provide a more robust office services delivery platform. Prior to joining NAI Hiffman, Higa served as a First Vice President with CBRE’s Oak Brook office for 29 years. He graduated with BS Business Administration with a major in Marketing and majored in accounting at the University of Wisconsin at Madison.

NAI Global's Economic Briefing with Dr. Peter Linneman

Where are the opportunities for growth? Which markets are hot, solid, and weak? Watch NAI Global's Economic Briefing from Tuesday, November 18th here as Dr. Linneman addresses several topics including: 

  • Is there finally light at the end of the economic tunnel?
  • As tapering ends, will rates finally rise?
  • What are banks doing with all their money?
  • How vulnerable are cap rates?
  • What happens if the world explodes?  

Access the video here »