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
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Comprised of more than 160 real estate professionals, NAI Hiffman provides leasing, management, capital markets and investment sales representation for owners and occupiers of commercial real estate in the metro Chicago market. It currently leases and manages a 80+ million SF portfolio of more than 700 commercial properties throughout metropolitan Chicago, Northwest Indiana and Southeast Wisconsin. NAI Hiffman is the Chicago-area representative for NAI Global, the world’s largest managed network of real estate service providers, with more than 6,700 local market professionals managing more than 380 million square feet of property. NAI Global has more than 375 offices strategically located throughout North America, Latin America, Europe and Asia Pacific. For more information, please visit www.naihiffman.com.