December 2016

NAI Hiffman secures new lease at Northwest Corporate Park III in Elgin, Illinois

ELGIN, IL (December 16, 2016) – NAI Hiffman is proud to announce that Schaumburg, Illinois-based Heritage Travelware, Inc., has leased 151,346 square feet at 2500 Northwest Parkway in Elgin, Illinois.

Brian Colson, executive vice president with NAI Hiffman, represented the company, a provider of premium business cases and mobile accessories. NAI Hiffman is also managing the asset on behalf of the owner, Stockbridge.

The building features 11,218 square feet of freshly painted and carpeted office space, 28” clear height, 22 exterior docks, T-5 warehouse lighting, and secured trailer court. 

“Heritage Travelware chose the 2500 Northwest Parkway building because their timing for identifying a modern, functional asset was immediate,” said Colson. “The requirement called for an above standard office build-out that was readily available as well as a preferred cross dock design, which was offered at the 2500 Northwest Parkway building. Constructing 11,000 square feet of new office in an alternative spec development would not have met their operational timeline.”

2500 Northwest Parkway, located within Northwest Corporate Park III in Elgin, is within minutes from the I-90 and Randall Road full interchange, and approximately 25 minutes from O’Hare International Airport. 

It is also situated diagonally from The Grove, a mixed-use shopping strip with a range of tenants, including: Tilted Kilt, Jimmy Johns, a Shell Gas Station, Starbucks, Panera, Comfort Suites, and other restaurants. 

Steve Bass of Lee & Associates represented Stockbridge in the lease transaction. 

About NAI Hiffman
Comprised of over 150 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 54+ million SF portfolio of over 500 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, has more than 375 offices strategically located throughout North America, Latin America, Europe and Asia Pacific, with over 6,700 local market professionals, managing over 380 million square feet of property. For more information, visit www.hiffman.com. 

Mentioned in The Daily Herald

Recent Blog Posts

Examining Chicagoland’s Single-Story Office Market
August 2020

Examining Chicagoland’s Single-Story Office Market

Second Quarter 2020 Market Peek
July 2020

Second Quarter 2020 Market Peek

NAI Hiffman
June 2020

#happytohelp Last Stop Delivering Local Treats to First Responders