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NAI Hiffman Brokers Full-Building Relocation in Bloomingdale
NAI Hiffman represented Target Marketing Systems in a 154,000-square-foot lease at 270 Madsen Dr. in the Bloomingdale Corporate Center, an industrial business park in Bloomingdale, Ill. The company, an importer and wholesale distributor of furniture products, will expand and relocate its U.S. headquarters to the building, vacating its current 101,000-square-foot space in nearby Carol Stream.
EVP Mark Moran of NAI Hiffman represented Target Marketing in the transaction, which fills the entire property. JLL represented the owner, Barings Real Estate Advisers.
“Target Marketing Systems sought a second, overflow location, but after we completed a comprehensive review of its business operations, we advised the company of the cost savings and efficiencies gained by a complete relocation and expansion into one new space at Bloomingdale Corporate Center,” said Moran.
Under terms of the long-term lease, Barings will build out the office space and add enhanced lighting and charging stations to the property’s warehouse.
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