Packaging company Tegrant Corp. expanded its offices by about a third, to 44,153 square feet, as part of a renewal of its lease at 3930 Venture Drive, Arlington Heights. Tegrant will take 2,800 additional square feet right away and another 8,700 square feet in November, says Michael Flynn, an executive vice-president at Oakbrook Terrace-based NAI Hiffman, which represented the building owner, Oakbrook Terrace-based real estate investment firm Premises Management. Tegrant is increasing its space in part to accommodate the company's Protexic division, which makes protective packaging and moved from Pennsylvania. The building is east of State Route 53 between Lake Cook and Dundee roads. Grubb & Ellis Co. represented DeKalb-based Tegrant. Source: ChicagoRealEstateDaily.com
One Oakbrook Terrace Suite 400
Oakbrook Terrace IL 60614
Comprised of more than 160 real estate professionals, NAI Hiffman provides leasing, management and investment sales representation for owners and occupiers of commercial real estate in the Chicago metro market. It currently leases and manages a 77+ million SF portfolio of over 600 commercial properties throughout metropolitan Chicago, Northwest Indiana and Southeast Wisconsin. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 400 offices strategically located throughout the world, with 7,000+ local market professionals, handling over $20 billion in transaction value and managing 425+ million SF of property. For more information, please visit www.naihiffman.com.