NAI Hiffman brokers two nonprofit leases
OAKBROOK TERRACE -- NAI Hiffman recently represented Our Children's Homestead in a 12,599-square-foot lease at 280 Shuman Blvd. in Naperville, valued at $2.5 million.
Formerly located at 387 Shuman Blvd., OCH, a 501(c) (3) nonprofit that serves youth in the foster care system, sought new customized space that will allow it to expand its services.
NAI Hiffman's Aubrey Van Reken-Englund, vice president, and Tabitha Dozier, associate, represented OCH in the transaction, securing significant concessions from landlord Atrium Acquisition LLC, which was represented by Ryan Moen of Bradford Allen. They included a substantial rent reduction, 10 months of rent abatement and cash allowance for furniture and moving expenses. The lease starts in June 2020.
Van Reken-Englund and Dozier also represented School and Community Assistance for Recycling and Composting Education in an 18,900-square-foot lease for flexible office/retail space at 800 S. Rohlwing Road in Addison, valued at $2.2 million. Landlord 800 S. Rohlwing Ventures LLC was represented by Forefront Properties.
SCARCE, a 501(c) (3) nonprofit providing environmental education and recycling programs to local schools and communities, will move to the facility from a smaller location in Glen Ellyn in spring 2020. The organization needed a combination of office space, classrooms for presentations, retail space with street visibility, flex space for a scissor lift and overhead door for loading and drop-off of used books and school supply donations, among other things.