Aldi expands corporate footprint in Naperville
NAPERVILLE, IL (July 31, 2018) – 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 Naperville 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, Health Care Service 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 stations 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 Hiffman 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 companies said.
About NAI Hiffman
Comprised of more than 160 real estate professionals, NAI Hiffman provides leasing, management, investment sales and capital markets representation for owners and occupiers of commercial real estate in the Chicago metro market. It currently leases and manages an 80+ million SF portfolio of over 700 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.
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