August 2017

NAI Hiffman represents ownership in 410,400-square-foot renewal

DEKALB, IL (August 24, 2017) – NAI Hiffman is proud to announce that its Industrial Services team recently completed a 410,400-square-foot lease renewal at 1211 Fairview Drive in Dekalb, Illinois, on behalf of a private ownership entity.

3M Company (3M) is a technology company that operates through five segments: Industrial; Safety and Graphics; Health Care; Electronics and Energy, and Consumer. The company is a manufacturer and marketer of a range of products and services.

3M originally occupied the asset in 2007 as a build-to-suit for lease with a term of 10 years. In early 2016, Executive Vice President, John Cash, SIOR; and Vice Presidents, Adam Naparsteck and David Haigh, CCIM, were retained to negotiate the renewal, and thus obtained a favorable agreement, extending the lease an additional five years.

Located in DeKalb County, 1211 Fairview Drive is a Class A industrial asset is a precast building featuring a 32’ clear height, T-5 light fixtures, ESFR sprinklers and 178 trailer parking spaces.

NAI Hiffman’s Cash, Naparsteck and Haigh, represented ownership in the lease transaction; CRESA’s Mike Gordon represented 3M Company.


Featured in REjournals; Commercial Property Executive

Recent Blog Posts

Brokerage
News
NAI Hiffman | REturn with Jack Brennan
April 2020

NAI Hiffman | REturn with Jack Brennan

Brokerage
News
Even The Toughest Development Sites May Yield To Patience
April 2020

Even The Toughest Development Sites May Yield To Patience

Brokerage
News
NAI Executives Report from the Front Lines of the Coronavirus
April 2020

NAI Executives Report from the Front Lines of the Coronavirus