NAI Hiffman Represents Power Equipment Direct in Bolingbrook lease for 210,000 SF
NAI Hiffman represents Power Equipment Direct in Bolingbrook
Lease for 210,000 SF
BOLINGBROOK, IL (September 16, 2015) - NAI Hiffman represented Power Equipment Direct (PED), a division of Ferguson Enterprises, Inc., in its new lease with ProLogis for 210,000 square feet at 969 Veterans Parkway in Bolingbrook, Illinois. PED is relocating from a smaller 60,000 square foot distribution facility in Bolingbrook to accommodate current and future growth. The new facility will include over 20,000 square feet of office and showroom space, provides I-55 highway visibility, and 32’ clear height. Prologis broke ground on the 329,828-square-foot speculative facility in 2014; this lease brings the property to 100% occupancy. PED expects to occupy the facility by year end. Mark Moran and Steve Connolly, SIOR, both Executive Vice Presidents with NAI Hiffman's industrial services group, represented PED in the lease transaction.
About NAI Hiffman
Comprised of over 150 real estate professionals, NAI Hiffman provides leasing, management and investment sales representation for owners and occupiers of commercial real estate in the Chicago metro market. It currently leases and manages a 47+ million SF portfolio of over 500 commercial properties throughout metropolitan Chicago, Northwest Indiana and Southeast Wisconsin. NAI Hiffman is the Chicago-area representative for NAI Global, the world’s largest managed network of real estate service providers, comprising 6,700 brokers in 375 offices serving worldwide.