NPL to merge with NAI Hiffman
OAKBROOK TERRACE -- NAI Hiffman announced it will merge with industrial real estate firm Nicolson Porter & List.
The combined company will operate as NAI Hiffman and expand its footprint at its Oakbrook Terrace headquarters to accommodate recent client and employee growth.
NPL is the oldest industrial real estate services provider in Chicago with a history dating back to 1910. It shares a similar independent ownership structure as NAI Hiffman and provides complementary service offerings based upon long-standing relationships serving private and institutional clients in the Chicago metropolitan market.
"The merger of our firms allows us to remain independent and deliver personal and adaptable services to our clients while remaining nimble," said NAI Hiffman CEO David Petersen.
NPL's President Paul Gearen added the combined teams will "bring more coverage, market intelligence, streamlined service offerings and expertise to our clients."
NAI Hiffman currently operates 13 locations throughout the Chicago Metropolitan area and the Midwest. Full integration of the merger will be completed by March 1.