Edgerton & Van Zandt represent ownership in two lease expansions at One Oakbrook Terrace
OAKBROOK TERRACE, IL (March 13, 2017) – One Oakbrook Terrace, the 161,373-square-foot property at the corner of Butterfield Road and 22nd Street in Oakbrook Terrace, is experiencing organic tenant growth.
AIMCO, a Real Estate Investment Trust (REIT) headquartered in Denver, Colorado and one of the largest owners and operators of apartment homes in the country, has expanded its tenancy at the asset to 4,129 square feet.
NAI Hiffman Vice President, Brian Edgerton, and Executive Vice President, Michael Van Zandt, represented the owner in the transaction. AIMCO was represented by Matt Schiffler and Brendan Fisher with Cresa Partners.
Additional leasing activity at the property included 3C Payment USA, a financial services point of sale technology company based in Luxembourg, expanding its lease to 5,357-square-feet directly.
Recent leasing activity brings One Oakbrook Terrace’s occupancy level to 93 percent. The building currently has available spaces ranging in size from 1,500 to 4,200 square feet. Amenities at the building include a recently renovated lobby, conference center, and a full-service deli and tenant lounge.