NAI Hiffman completes 3 corporate leases at office redevelopment in Lisle

NAI Hiffman, a leading Midwest independent commercial real estate firm, has completed three office leases totaling 15,642 square feet in the Corporate Lakes office park in Lisle.

Agriculture company Syngenta signed a 13,381-square-foot lease in the five-story building at 2200 Cabot Drive. Before the pandemic, Syngenta occupied space in nearby Downers Grove.

“We’re seeing a lot of companies that went fully remote during the pandemic starting to return to the office in some format as they seek to balance efficiency and productivity,” said Patrick Kiefer, executive vice president with NAI Hiffman’s Office Services Group. “Tenants are focusing on amenitized buildings with quality workspaces to help bring employees back and rebuild company culture.”

Kiefer represented building owner RE Development Solutions in lease negotiations with the three new tenants. In addition to Syngenta, Bethany Christian Services signed a 1,217-square-foot lease, and Retirement Solutions leased 1,044 square feet.

With these transactions, 2200 Cabot Drive now is 70% occupied, a significant turnaround from just 5% occupancy when RE Development Solutions acquired the building in November 2019. Since the acquisition, ownership has completed extensive renovations, including a redesigned lobby, updated first floor and fifth-floor amenity suite. Additional upgrades include a new on-site deli, exterior monument signage, building conference room, updated common corridors and washrooms, and new mechanical systems.

“We saw the potential in this building and the location, even when it was nearly vacant,” said Jeremy Szybowicz, leasing director at RE Development Solutions. “By reinvesting in high-quality finishes, amenities and move-in-ready spaces, we’ve been able to attract a diverse mix of tenants and bring new energy to the building as well as the corridor.”

The building offers spec suites to meet demand from small and midsize companies seeking turnkey space, and the property has nearly 400 surface parking spaces and 29 heated underground executive parking spaces, a common loading dock and on-site ownership and property management offices.

Currently, one divisible floor of about 33,000 square feet remains available, along with four move-in ready suites. Available spaces range from 2,200 to 33,000 square feet.