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| Aubrey Van Reken-Englund |
OAKBROOK TERRACE, IL — NAI Hiffman, the
largest independent real estate services firm in the Midwest, announced it
represented Our Children’s Homestead (OCH) in a 12,599-square-foot lease at 280
Shuman Blvd. in Naperville, Ill., valued at $2.5 million.
Formerly located at 387 Shuman Blvd., OCH, a
501(c)(3) nonprofit that serves youth in the foster care system, sought new
customized space that will allow it to expand its services.
NAI Hiffman’s Aubrey Van Reken-Englund, vice president, and
Tabitha Dozier, associate, represented OCH in the transaction, securing
significant concessions from landlord Atrium Acquisition LLC, which was
represented by Ryan Moen of Bradford Allen.
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| Tabitha Dozier |
They
included a substantial rent reduction, 10 months of rent abatement and cash
allowance for furniture and moving expenses. The lease starts in June 2020.
“Nonprofits must be very cost-conscious, especially with
uncertainty around federal and state budgets,” said Van Reken-Englund. “But at
the same time, they may need to expand in order to serve their constituents.
"Following a comprehensive search, we were
able to find OCH a larger home at a reasonable cost, so it can focus on what it
does best: helping children and families.”
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| Ryan Moen |
Built in 1979, 280 Shuman Blvd., known as The Atrium, is a
two-story, 69,077-square-foot office complex. It is currently undergoing
renovations to transform the space below its atrium into a light-filled shared
lounge with collaborative workspaces.
Both the
Naperville and Route 59 stops of the Metra commuter train are a short drive
from the building, and it is adjacent to Interstate 88.
Van Reken-Englund and Dozier also represented
School and Community Assistance for Recycling and Composting Education (SCARCE)
in an 18,900-square-foot lease for flexible office/retail space at 800 S.
Rohlwing Road in Addison, Ill., valued at $2.2 million.
Landlord 800 S. Rohlwing Ventures LLC was
represented by Forefront Properties.
SCARCE, a 501(c)(3) nonprofit providing environmental education
and recycling programs to local schools and communities, will move to the
facility from a smaller location in Glen Ellyn in spring 2020.
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| 280 Shuman Boulevard, Naperville, IL |
The
organization needed a combination of office space, classrooms for
presentations, retail space with street visibility, flex space for a scissor
lift and overhead door for loading and drop-off of used books and school supply
donations, among other things.
“SCARCE had a unique set of needs that offered a challenge in
finding the right property,” said Van Reken-Englund. “800 S. Rohlwing was a
perfect solution, providing flex office and retail with great visibility along
Route 53.”
Built in 1998, 800 S. Rohlwing is part of a 42,341-square-foot
corporate center near retail and restaurants at the intersection of North
Avenue and Rohlwing Road, the local name for Illinois Route 53. The property
also offers convenient access to I-355, located immediately to the west.
In 12 years with NAI Hiffman, Van Reken-Englund
and her team have completed more than 200,000 square feet of deals for
nonprofit clients, valued at over $21 million.
CONTACTS:
Patty
Cronin, pcronin@taylorjohnson.com,
(312) 267-4513Gretchen Muller, gmuller@taylorjohnson.com, (312) 267-4511
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