Leases take Schaumburg office campus above 90% full, showing appeal of single-story spaces
Demonstrating again the resurgence in popularity of single-story office buildings, Oakbrook Terrace-based NAI Hiffman has signed several new leases bringing a six-building campus in Schaumburg above 90% occupancy.
The new leases total nearly 15,000 square feet, or more than 11% of the 130,288-square foot One Story Schaumburg campus on Remington Road between Interstate 90 and Golf Road.
The new tenants include Cargomaxx Logistics, Arnold Electric, K&G Customs Service Inc., thriveMD and others at the property owned by Chicago-based Berger Asset Management.
The leasing efforts were led by NAI Hiffman executive vice presidents Steve Chrastka and Jason Wurtz, along with Associate Broker Sebastian Mendoza.
Wurtz earlier spoke to the Daily Herald of the new commercial real estate trend that’s providing highly amenitized Class A office buildings their first serious challenger in the market’s continuing post-pandemic evolution.
He summed up the refocus of some tenants on more practical considerations in their office space as “no amenities are the new amenities.”
One Story Schaumburg offers tenants private entrances, direct parking access, self-controlled HVAC systems, private bathrooms, operable windows and lots of natural light. At the same time, its location in the heart of Schaumburg’s retail and business district provides employees with convenient access to nearby restaurants, stores and services.
Despite the recent signing successes, Chrastka said the opportunities at the campus are not yet exhausted.
“Leasing more than 10% of the property within a year is a meaningful milestone and a strong indicator of the asset’s positioning in today’s market,” he said in a statement. “The combination of thoughtful ownership from Berger Asset Management, targeted capital improvements and a clear leasing strategy is driving real momentum. With more deals in progress, we expect this positive trajectory to continue.”