NAI Hiffman closes four industrial transactions in Elgin during two-month span

NAI Hiffman closes four industrial transactions in Elgin during two-month span

NAI Hiffman completed four industrial transactions totaling 996,228 square feet in Elgin, Illinois, within a two-month span this spring. NAI Hiffman Executive Vice Presidents Steve Bass and Jack Brennan represented ownership groups and occupiers in the deals. Notably, three of the four transactions exceeded 245,000 square feet, highlighting continued demand for modern, large-scale distribution and manufacturing space in Chicago’s northwest suburban market. The activity aligns with a broader trend NAI Hiffman has tracked across the Interstate 90 corridor. Since Jan. 1, 2025, approximately 65% of the nearly 2 million square feet of new leasing activity in the I-90 Northwest submarket has come from companies relocating from other Chicago-area industrial submarkets, including O’Hare, Central DuPage and Northwest Cook County. In addition, while the I-90 Northwest submarket recorded 178,099 square feet of positive absorption in the first quarter of 2026, the other three submarkets each posted negative absorption during the same period. Among the I-90 Northwest transactions: Claire’s Essentials leased 248,400 square feet at 1100 Tollgate Road, relocating from Hoffman Estates and fully occupying a speculative industrial building. NAI Hiffman represented owner High Street Logistics. NAI Hiffman represented owner NorthPoint Development in two leases at Northwest Corporate Park: Intelex USA / Warmies leased 247,142 square feet at 2500 Galvin Drive in its move from Barrington, while Wool & Co. leased 58,085 square feet at 2300 Galvin Drive. Axium Plastics purchased a 442,601-square-foot manufacturing and distribution facility at 1717 Gifford Road, relocating from Addison and marking one of the larger owner-occupier industrial sales in the market. NAI Hiffman represented seller Brennan Investment Group. Several of the transactions involved Class A, high-image industrial facilities strategically positioned near I-90, offering immediate access to major transportation routes and the ability to serve regional and national distribution needs. The activity also reflects continued absorption of modern speculative facilities.